BUSINESS
RBI board approves transfer of Rs 87,416 crore as dividend to govt for 2022-23
According to the Budget, the government had expected to receive Rs 48,000 crore in dividend from the central bank and state-owned lenders in 2023-24
BUSINESS
Can Karnataka afford Congress' Rs 50,000 crore worth of promises?
India's Grand Old Party romped home to victory in the Karnataka assembly elections. But it must now deliver on its poll promises amid concerns about their cost.
BUSINESS
April CPI inflation crashes to 18-month low of 4.7% due to favourable base
This is the first time since November 2021 that headline retail inflation has fallen below 5 percent
BUSINESS
CPI inflation seen dropping to 18-month low of 4.8% in April
A favourable base effect is expected to drag down retail inflation below 5 percent for the first time since November 2021, according to a Moneycontrol survey. And for the second month in a row, a favourable base effect will likely be the strongest driver of disinflation
BUSINESS
MC Explains: How RBI's definition of real interest rate has evolved over the years
India's inflation is likely to come in below 5 percent in April. While this may allow the Reserve Bank of India to leave the repo rate unchanged again in June, falling inflation will lead to higher real interest rates. But which is the real 'real rate'?
BUSINESS
India must use Standard Audit Files for tax assessment to be 'truly faceless': Deloitte
The Indian government has called its Faceless Assessment Scheme as a key reform in the direct tax space. However, according to Deloitte India, the scheme will be "truly faceless" when the tax department raises queries through a computerised process
BUSINESS
Global financial situation daunting, but India looks well protected: DEA Secretary Ajay Seth
The Economic Affairs Secretary was speaking to reporters after the first meeting of the Financial Stability and Development Council in 2023-24.
BUSINESS
Firms' inflation expectations hit 3-month low of 4.4% in March: IIM survey
Inflation expectations are keenly eyed by policymakers as anchoring them is critical to ensuring price stability
BUSINESS
Karnataka Elections: Freebie promises cast cloud over $1 trillion economy target
Days before residents of Karnataka line up outside their polling booths, political parties vying for their votes have announced a barrage of freebies. But can such giveaways derail the state from becoming a $1 trillion economy?
BUSINESS
Sacrifice short-term growth to secure long-term prospects: Viral Acharya tells govt, MPC
Acharya, formerly a deputy governor with the Reserve Bank of India, said India had slipped up on the fiscal deficit and inflation in recent years
BUSINESS
SBI economist rejects Viral Acharya's claim that big firms are behind high core inflation
In March, Acharya - formerly a deputy governor of the RBI - had said in a paper that India's core inflation was persistent and elevated due to the pricing power of its large firms and recommended they be broken up
BUSINESS
Interview: MPC's Ashima Goyal sees policy pivot if inflation approaches 4% sustainably
Goyal, one of the three external members of the RBI's Monetary Policy Committee, also says the market will keep getting surprised by interest rate decisions if it continues to ignore warnings
BUSINESS
MPC's Shashanka Bhide sees downside risks to RBI's FY24 growth forecast
Bhide, one of the three external members on the RBI's Monetary Policy Committee, also said a rate cut or an indication of one would constitute a 'policy pivot'
BUSINESS
Interview: MPC's Jayanth Varma hopeful rate hikes thus far will be enough
Varma, one of the three external members on the RBI's Monetary Policy Committee, also said that the policy stance is not only unclear but "bereft of substantive content"
BUSINESS
RBI staff see India soon entering a 'low inflation regime'
The central bank's staff, including Deputy Governor Michael Patra, wrote in a paper that sequential momentum of core inflation is declining, providing further proof of easing inflationary pressures
BUSINESS
MPC minutes: RBI officials, external members divided on state of India's growth
The RBI's optimism about India's growth situation has found few buyers outside the central bank. Even the three external members of the MPC are concerned about the growth-related risks
BUSINESS
Index issues linger but RBI may have to wait until 2026 for updated CPI inflation series
The unexpectedly large rise in headline retail inflation in January drew attention to problems with computation of the CPI. But the recent issue with cereals is only one of many plaguing India's most important economic indicator
BUSINESS
CPI inflation faces lactose issues as milk inflation hits 8-year high
A mix of rising inputs costs and flailing domestic supply has seen milk inflation surge to multi-year highs. And it is not expected to simmer down anytime soon
BUSINESS
RBI's growth optimism isn't finding many buyers
The Reserve Bank of India made a marginal upgrade to its growth forecast for the current financial year to 6.5 percent — a number that is finding little support
BUSINESS
Retail prices offer a breather to RBI as inflation drops to 15-month low of 5.66%
Despite retail inflation returning to the RBI's tolerance band of 2-6 percent after spending two months outside it, it has now been above the medium-term target of 4 percent for three-and-a-half years
BUSINESS
IMF cuts India's FY24 GDP growth forecast by 20 bps to 5.9%
The multilateral agency also cut its GDP growth forecast for India for 2024-25 by 50 basis points to 6.3 percent
BUSINESS
Need steady policymaking, clear communication 'more than ever': IMF chief economist
Pierre-Olivier Gourinchas sees a 15 percent chance of a sharp tightening of global financial conditions dragging down world economic growth to a mere 1 percent in 2023
BUSINESS
March CPI inflation seen at 15-month low of 5.7% due to favourable base
Base effect apart, economists see food prices being broadly flat in March, though fuel inflation could be higher on the LPG price hike. Core inflation is again seen elevated at around 6 percent
BUSINESS
RBI's surveys paint optimistic picture of Indian economy's future
The Reserve Bank of India released the result of its forward-looking surveys on April 6. And while it is mostly good news, a couple of issues stand out
