BUSINESS
G20: India confident issues other than Russia-Ukraine will get due focus at foreign ministers' meet
The meeting, which will begin with a gala dinner on March 1, will see the participation of 40 delegations
BUSINESS
Q3 GDP data: Services keep firing but manufacturing, consumption a worry
The Statistics Ministry's estimate for GDP growth in the last quarter of 2022 is slightly lower than what was expected. But the bad news does not stop there. Economists say the 5.1 percent growth implied by the government for the fourth quarter is highly unlikely
BUSINESS
CEA Nageswaran rejects weak manufacturing showing in GDP data, says sector in good health
As per data released on February 28, the manufacturing sector contracted by 1.1 percent in October-December
BUSINESS
Round 2 of G20 language wars set to begin as foreign ministers ready to meet in New Delhi
Last week's meeting of G20 Finance Ministers and Central Bank Governors ended without a communique. But from India's perspective, the Chair's Summary was as good as an official statement
BUSINESS
No justification for $95 oil price assumed in RBI's CPI forecast, says MPC's Jayanth Varma
The Reserve Bank of India's inflation forecast for 2023-24 assumes $95 per barrel as the price of India’s crude oil basket, which many economists think is too high
BUSINESS
Policy stance, rate decisions must depend on data, says MPC's Shashanka Bhide
According to Shashanka Bhide, a fall in core inflation is key to returning headline retail inflation back to the medium-term target of 4 percent
BUSINESS
RBI's FY24 growth forecast seems to be backward-looking, says MPC's Ashima Goyal
According to Ashima Goyal, growth could be severely hit if continued rate hikes result in a real repo rate that is well above 1 percent
BUSINESS
G20: Some members said crypto ban should be considered, says RBI Governor Das
India is looking to build an international consensus on the regulation of these assets, with the argument being that only a global collaboration would be effective given the cross-border scale, scope, and challenges presented by crypto
BUSINESS
G20: India releases Chair Summary as consensus on official statement's language proves elusive
The inclusion of the word 'war' in two paragraphs of the Chair's Summary, referring to the conflict between Russia and Ukraine, faced opposition from representatives of Russia and China during deliberations.
BUSINESS
IMF calls on G20 to strengthen debt framework to help vulnerable nations
Georgieva, who is in Bengaluru to attend the meeting of G20 finance ministers and central bank governors, wants greater dialogue and collaboration on debt-related issues
BUSINESS
G20: Ban on crypto emerges as possibility as countries see need for regulation
The Indian government has been looking for a global consensus on the regulation of crypto, while the Reserve Bank of India has favoured a complete ban on these private currencies
BUSINESS
G20: Discussions on official statement getting more difficult, says Spain's Nadia Calviño
With the indicative deadline for adopting the G20 communique rapidly approaching, speculation is rife that India may not be able to build a consensus on the language to describe the war between Russia and Ukraine
BUSINESS
G20 | Pressure mounts on India as France opposes softening criticism of Russia
According to sources in the know, there remains a "gap" between the language preferred by India on one hand and the US and European countries on the other to describe the conflict between Russia and Ukraine
BUSINESS
Global outlook has improved but uncertainties lie ahead, says RBI Governor Das
Threats to financial stability, debt distress, climate finance, fractures in global trade, and strains on global value chains were some of the challenges identified by Das in his address at the G20 meeting of finance ministers and central bank governors
BUSINESS
G20 | Little focus on CBDC, but UPI attracting attention: RBI Deputy Governor Rabi Sankar
India is showcasing the progress it has made in digital payments infrastructure, with the first meeting of the Digital Economy Working Group of the G20 taking place earlier this month
BUSINESS
One year of Russia-Ukraine war: The economic impact in five charts
While key indicators show that the impact of the war on the global economy has ebbed, concerns remain
BUSINESS
G20 | Official statement's language takes centre-stage as US, G7 hit out at Russia
Ahead of the one-year anniversary of Russia's invasion of Ukraine, India has called for diplomacy and dialogue. But key developed countries have been unrelenting in their criticism of Vladimir Putin
BUSINESS
US to impose more sanctions on Russia, address violations by others: Janet Yellen
Yellen's comments follow US Secretary of State Antony Blinken's statement that China is considering providing ammunition and weapons to Russia in its war against Ukraine
BUSINESS
Janet Yellen to push Ukraine’s case at G20 meet in India, says Russia’s war a failure
The US Treasury Secretary's comments come on the eve of the first anniversary of Russia's invasion of Ukraine, which Yellen said was immoral and unjust
BUSINESS
IMF chief hails India's work on CBDCs but warns of risks from new fintech
The comments by the multilateral agency's managing director come amid the meeting of G20 finance ministers and central bank governors in Bengaluru.
BUSINESS
G20 meet: On first day, India says dialogue, not war, is the way forward
The meeting of deputies of finance ministries and central banks on February 22 is focusing on finalising the official statement that will be approved by the ministers and governors later this week
BUSINESS
Demographic dividend under threat as Indians head back to farms
India is set to overtake China and become the world's most populous country by the middle of 2023. And while a growing population also creates a large pool of working-age people, the demographic dividend can only be reaped when they are employed
BUSINESS
India's GDP may grow by only 5-6% for next few years: Motilal Oswal's Nikhil Gupta
According to the economist, the Reserve Bank of India could also raise the repo rate again in April following the unexpectedly large increase in inflation in January
BUSINESS
GST Council Meeting: Entire compensation cess to states will be cleared, says FM
49th GST Council Meeting 2023: The GST Council has also decided to lower the GST on liquid jaggery, pencil sharpeners, and certain tracking devices, the minister added.
