BUSINESS
Consumer Expenditure Survey offers a look into the next CPI inflation series
The government is supposed to conduct a Consumer Expenditure Survey every five years. However, the latest survey – conducted in 2022-23 – comes after more than a decade's gap and holds important clues for the most important economic indicator for India – the Consumer Price Index and the inflation rate derived from it.
BUSINESS
India's GDP growth may have moderated to 6.5% in October-December
For 2023-24 as a whole, economists think the statistics ministry's second advance estimate may show GDP growth at 6.9 percent, lower than the first advance estimate of 7.3 percent.
BUSINESS
Govt survey finds per capita consumption spending up 33-40% in 2022-23 from 2011-12
According to the statistics ministry's latest Household Consumer Expenditure Survey, per capita spending in rural areas was Rs 2,008 per month in 2022-23 (August-July), while it stood at Rs 3,510 per month in urban regions.
BUSINESS
Consumer or exchequer - who will win after GST compensation cess expiry?
The cess on the sale of goods and services is set to end on March 31, 2026. With states no longer being reimbursed for any shortfall in GST revenues, and loans taken to meet the deficit in the compensation cess fund set to be repaid early, the Centre faces a dilemma.
BUSINESS
India Ratings pegs FY25 GDP growth at 6.5%, says signs 'bullish' for private capex
According to India Ratings and Research, if the current government returns to power after the Lok Sabha elections then the pace of private investment may be faster on account of policy continuity
BUSINESS
Explained: What is a recession and should India be concerned?
UK and Japan slipped into recession at the end of 2023. But what exactly is a recession and is it any different from what it is commonly thought to be?
BUSINESS
RBI Bulletin: Central bank rejects IMF's warnings, sees India's debt-to-GDP ratio falling to 73.4% by FY31
The RBI bulletin article "rejects" the International Monetary Fund’s warning that India's debt-to-GDP ratio could exceed 100 percent in the medium term given the shocks the country has had to face.
BUSINESS
Inflation inequality: Why prices of lifestyle goods are easing for the rich while the poor struggle to buy essentials
India's headline retail inflation, which has remained above target for nearly four-and-a-half years, cooled to a three-month low of 5.1 percent in January. However, the impact of price changes has not been uniform across all income classes.
BUSINESS
India faces 'problem of plenty' from foreign inflows post bond index inclusion, US rate cuts
According to economists from the Monetary Policy Committee and JPMorgan, any appreciation in the Indian currency is expected to be limited in 2024-25 when foreign inflows will pour into Indian sovereign debt due to multiple reasons.
BUSINESS
CEA Nageswaran says energy transition may endanger global macro stability
According to the government's chief economic adviser, if macroeconomic stability is interpreted more broadly than just fiscal and monetary stability, then the current conditions could lead to more instability instead of less
BUSINESS
Headline inflation should soon come down to core inflation levels, says Ashima Goyal
According to Goyal, one of the three external members of RBI's Monetary Policy Committee, the 'big mistake' India made in the early years of the millennium was to spend more during years of high growth instead of building buffers
BUSINESS
De-risking from China supply chain to take longer than thought, says CEA Nageswaran
According to the government's chief economic advisor, while the world is not currently in the 'golden era' of globalisation, global trade volumes do not definitely say if the world is becoming more fragmented
BUSINESS
CEA Nageswaran says adaptation best insurance against climate change
Nageswaran was speaking at a workshop on climate finance jointly organised by the finance ministry's department of economic affairs and the Asian Development Bank
BUSINESS
RBI Das: Confident of handling higher inflows from JPMorgan bond index inclusion
Speaking to reporters following the conclusion of the meeting of the RBI's central board of directors, Das also said it is for the government to decide what level of debt is sustainable.
BUSINESS
India's January CPI inflation eases to 5.10%, core inflation drops to 3.6%
Headline retail inflation has now spent 52 consecutive months above the Reserve Bank of India's medium-term target of 4 percent.
BUSINESS
Opinion | White Paper: What the govt did and didn't say on 5 key economic parameters
Days after presenting the interim Budget and ahead of the Lok Sabha elections, Finance Minister Nirmala Sitharaman on February 8 tabled the government's white paper on the Indian economy, chronicling what it calls the "insurmountable challenges" left behind by the Congress-led United Progressive Alliance government.
BUSINESS
India’s bad bank aims at Rs 2 lakh cr stressed assets by FY25, says DFS secretary Vivek Joshi
So far, NARCL has taken over approximately Rs 88,000 crore of banks’ stressed assets and is doing due diligence for another Rs 60,000 crore, Joshi said
BUSINESS
Bank consolidation or privatisation not under discussion now: DFS secretary
The DFS secretary said that currently there is no case for bank consolidation as even the small banks are performing well.
BUSINESS
RBI hasn't agreed to bring EVs on priority sector lending list: Fin services secretary
According to Vivek Joshi, secretary of the finance ministry's Department of Financial Services, Paytm must resolve the regulatory problems faced by its payments bank with the Reserve Bank of India.
BUSINESS
Govt may infuse capital in 3 public insurers in FY25, says DFS Secy Vivek Joshi
Joshi said the government is holding internal discussions on the draft of the Insurance Bill, which includes composite licensing
BUSINESS
Start-ups must balance growth and compliance with regulations: DFS Secy Joshi
According to Joshi, while fintechs are very good with technology and in innovating, they must be mindful of their regulatory responsibilities as they grow from small firms to larger ones.
BUSINESS
Have sensitised banks, insurance cos to give support to exports via Red Sea: Financial Services Secy
Commerce secretary Sunil Barthwal is holding a meeting this week with stakeholders on the issues faced by exporters in the trade via the Red Sea route, Vivek Joshi said
BUSINESS
Financial Services Secy says RBI action on Paytm Payments Bank in interest of consumers, economy
Joshi's comments come a day after Paytm founder Vijay Shekhar Sharma met Finance Minister Nirmala Sitharaman
BUSINESS
Has the interim budget set the ground for interest rate cuts?
At 6.5 percent, the policy repo rate is at its highest in nearly eight years. With the government presenting an unexpectedly prudent budget on February 1, could the RBI drop a hint on February 8 that rate cuts may be around the corner?
