BUSINESS
GST Council tackling issues but major headaches remain
The GST Council's meeting on February 18 will leave it one short of a half century of meetings but the work ahead of it is arduous
BUSINESS
India's FY23 CAD now seen under $100 billion on services boost, import slump
In January, India's merchandise trade deficit fell to a 12-month low of $17.8 billion, while the services trade surplus surged to an all-time high
BUSINESS
No proposal to issue foreign currency govt bonds, says finance secretary
The overseas sovereign bond proposal died a quick death more than three years ago but speculation continues, given the lower borrowing costs abroad
BUSINESS
Cabinet nod to development plan for villages along China border, 7 more ITBP battalions
The Cabinet's decision to strengthen India's border villages and improve security comes in the aftermath of China announcing plans to construct a rail line to connect Tibet and Xinjiang
BUSINESS
Confusion over cereals index of CPI caused by free foodgrain provision under PDS
The Consumer Price Index data for January has caused confusion among economists, who see a divergence in the official index for cereals and that computed using the category's individual components
BUSINESS
Adani crisis: S&P says Indian banks may charge higher risk premia
According to Abhishek Dangra, a senior director at S&P Global Ratings, companies could be impacted indirectly by the reaction of banks to the Adani upheaval.
BUSINESS
January inflation shocker sparks fears of another RBI rate hike in April
India's headline inflation rate jumped by a massive 80 basis points last month — far more than economists had predicted
BUSINESS
UPI of governance – How the Single Nodal Agency model streamlined public finances
The Single Nodal Agency model is less than two years old but already has had a visible impact on public finances
BUSINESS
Retail inflation gallops to 6.52% in January, increases possibility of another rate hike
The latest inflation data comes days after the Reserve Bank of India raised the policy repo rate by 25 basis points to 6.5 percent. For 2023-24, the central bank has forecast an average inflation rate of 5.3 percent.
BUSINESS
Poll | CPI inflation may rise to 6.1% in January on unfavourable base, core pressures
The Ministry of Statistics and Programme Implementation will release retail inflation data for January at 5.30 pm on February 13.
BUSINESS
Sitharaman says new income tax regime lets people decide on consumption, saving
In her Budget presented on February 1, Sitharaman renewed the push for the new income tax system, which was introduced three years ago but didn't find many takers in the absence of exemptions and deductions
BUSINESS
FY24 inflation forecast conservative, can benefit from low oil prices: Das
The Indian central bank has forecast that headline retail inflation may average 5.3 percent in 2023-24
BUSINESS
FM Sitharaman on Adani issue: India’s regulators very experienced, seized of the matter
The finance minister was speaking to the media after the conclusion of the meeting of the Reserve Bank of India’s central board of directors.
BUSINESS
RBI, not MPC, is dictating the stance. And it's not doing it well.
The RBI is responsible for modulating liquidity in line with the monetary policy stance adopted by the MPC. But what happened on February 8 is a further proof that it is the central bank that is dictating what the stance should be
BUSINESS
Is RBI's FY24 inflation forecast a bit too high?
The central bank's inflation forecast for the next year presents a huge drop from the current year. But a case can be made for it to have been lower, say economists
BUSINESS
RBI Policy | Jumping the gun by talking of open market bond buying: Deputy Governor Rabi Sankar
A record government borrowing programme amid tightening of liquidity conditions has led to talk of the need for the Reserve Bank to buy the bonds through open market operations in 2023-24
BUSINESS
In Charts | How economic indicators have moved since the last monetary policy decision on Dec 7
The Indian central bank looks at a variety of economic indicators before deciding on interest rates and other monetary policy matters. Moneycontrol takes a look at several key indicators which may influence the Monetary Policy Committee's decision on rates
BUSINESS
CEA Nageswaran defends Budget, says reforms can now only be incremental
The government's top economist was presenting the Centre's view in a post-Budget discussion with think tanks
BUSINESS
No off-Budget borrowing in FY24, says Finance Secretary TV Somanathan
The Budget for 2023-24 has estimated the Food Corporation of India’s Internal and Extra Budgetary Resources (IEBR) at Rs 1.45 lakh crore
BUSINESS
Lower prices take hold as businesses' inflation expectation hits 26-month low
Inflation expectations are keenly eyed by policymakers as anchoring them is critical to ensuring price stability
BUSINESS
Shift to exemption-free tax regime won't hurt India's savings: Revenue Secretary
The revenue secretary has looked to allay fears that the new, voluntary income tax regime - which has been given a decisive push by the Budget for 2023-24 - could hurt the level of savings in the country
BUSINESS
FM Sitharaman sees quick rollout of states' interest-free capex loan scheme in FY24
As per the Budget, states can get up to Rs 1.3 lakh crore as long-term, interest-free loans from the Centre in 2023-24 for capital expenditure purposes
BUSINESS
Budget 2023: Confident about numbers but can’t land Boeing 747 on a helipad, says Finance Secretary Somanathan
According to Somanathan, the Centre reiterating its commitment to the fiscal deficit target of 4.5 percent of GDP for 2025-26 should indicate that it has the means and the ability to reach it
BUSINESS
Budget 2023 | Centre confident of meeting Rs 10-lakh-cr capex target: Finance Secretary Somanathan
The Budget has set out a new record capital expenditure target for 2023-24 as the government continues its investment push to boost the economy
