BUSINESS
PM Modi invokes colonial past, says 'Global South' must band together to shape world order
Speaking at the Voice of Global South Summit, the Prime Minister said citizens of Asia, Africa, Latin America and Oceania countries should "no longer be excluded from the fruits of development"
BUSINESS
Budget 2023: How the original 3% fiscal deficit target eluded successive governments
Strong government finances are crucial for an economy's stability. While a law is in place in India for instilling financial discipline in government finances, the roadmap it spells out has been redrawn multiple times.
BUSINESS
In Graphic Detail | Cess and surcharge prop up Centre's fine fiscal balance
'In Graphic Detail' is a special series of data stories covering the Union Budget's key elements over a short and long-term period
BUSINESS
Economy slowing as firms' sales hopes take hit, finds IIM-A's inflation expectation survey
As per IIM-A's Business Inflation Expectations Survey, one-year-ahead inflation expectations of Indian companies declined by 6 basis points from October to 4.7 percent in November
BUSINESS
Poll | December CPI inflation seen little changed at 5.9%, November IIP growth may rebound to 3.2%
The govt will release both retail inflation data for December and industrial production data for November at 5.30 pm on January 12
BUSINESS
Centre gets 35 bps fiscal room in FY23 as nominal GDP growth beats Budget estimate
The statistics ministry has estimated that India's nominal GDP will grow by 15.4 percent in 2022-23 against the Budgetary estimate of 11.1 percent
BUSINESS
FY23 GDP estimate: What's hot and what's not?
The statistics ministry's first estimate for this year's GDP growth is higher than the Reserve Bank of India's forecast but it is not all good news
BUSINESS
India making important progress on structural reform agenda: IMF deputy MD
The comments from deputy managing director Antoinette Sayeh come days after IMF released the details of its Article IV consultations with India which called on the government to be more ambitious with fiscal consolidation
BUSINESS
World's most optimistic economist thinks US Fed will cut rates to 1.25% by early 2024
Arend Kapteyn of UBS thinks the US is entering a "much more disinflationary environment" and hidden weaknesses in the labour market will force the American central bank to rapidly cut rates from July
BUSINESS
Budget 2023: FY24 capex target seen at Rs 9-9.5 lakh crore, says DBS Bank's Radhika Rao
According to the economist, Finance Minister Nirmala Sitharaman may announce another solid increase in the Centre's capex target for the next financial year
BUSINESS
Budget 2023: The 7 people who will decide your financial future on February 1
FM Nirmala Sitharaman and her number crunchers in North Block will yet again need to tread a fine line, needing to choose between stimulating growth and containing inflation and external risks in the year before the general election
BUSINESS
Brett Lee's speed, Tendulkar's perfection – India, Aus FTA agreed over coffee, lunch
An impromptu four-hour conversation between India and Australia's trade ministers set the ground for the free trade agreement to be completed in 88 days
BUSINESS
Year-ender 2022: After a troubled year, Indian economy stares at a difficult 2023
The new year will see the government and the Reserve Bank of India grappling with new forces. These forces, while not unknown, will certainly lead to pressures that do not have text-book solutions
BUSINESS
MPC members hint at rate cuts in 2023 as global growth concerns mount
Rapid tightening of monetary policy across the world to fight inflation is leading to mounting concerns about growth. Central banks – including the RBI – could perform a quick U-turn and cut rates next year
BUSINESS
Not the time for aggressive fiscal consolidation: MPC's Ashima Goyal
While economists expect the Centre to broadly target a fiscal deficit of 6 percent or so for the next financial year, the International Monetary Fund recently called on the Indian government to be more "ambitious" in improving its finances.
BUSINESS
Interview | MPC in agreement about bringing inflation quickly down to 5%: Jayanth Varma
According to Varma, the MPC can be 'relaxed' in lowering inflation to 4 percent from 5 percent if growth is in trouble
BUSINESS
Global slowdown's impact a key policy consideration: MPC's Shashanka Bhide
Core inflation should decline significantly as international commodity prices begin to moderate and pressure on India's supply chains ease, says one of the three external members of the RBI's rate-setting committee
BUSINESS
IMF calls on India to be more ambitious in fiscal consolidation
The comments by the IMF come after its scheduled consultations with the Indian government.
BUSINESS
Centre must continue capex thrust while focussing on fiscal consolidation: RBI staff
The comment from the RBI staff comes just weeks before the Union Budget for 2023-24 is presented in Parliament
BUSINESS
Only two big PSU bank loans given in last 3.5 years have turned NPA: FM Sitharaman
The two loans were sanctioned in 2020-21
BUSINESS
West Bengal, Odisha yet to get Centre's nod for interest-free loans from capex pool
The Union Budget for 2022-23 had set aside Rs 1 lakh crore as interest-free loans for states for capital expenditure purposes
BUSINESS
GST Council decriminalises 3 offences, focus now on widening tax base
The latest meeting of the GST Council comes nearly six months after it's previous one in Chandigarh
BUSINESS
FM Sitharaman hits back at critics, says India must focus on manufacturing
The minister's defence of the government's focus on manufacturing comes after former Reserve Bank of India governor Raghuram Rajan criticised the Centre's production-linked incentive schemes
TRADE-2
Industry must prepare for tariff walls in the name of climate action tax: FM Sitharaman
The finance minister's comments come amid fears that exports such as steel could face headwinds
