BUSINESS
In Charts | China's growth slowdown explained
The world's second-largest economy is slowing down. And that has sent alarm bells ringing around the world. In fact, if Nomura is to be believed, the downcycle has just started.
BUSINESS
FM Sitharaman slams Delhi CM, says health, education not freebies in a welfare state
The Supreme Court's suggestion to set up a panel to discuss the issue of freebies announced ahead of elections has raised questions about the judiciary's reach.
BUSINESS
No decision taken yet on extending free foodgrain scheme beyond September: Govt official
The comments come after the finance ministry denied in late July that the department of expenditure had advised against the extension of the free foodgrain scheme beyond September.
ECONOMY
Inflation falling but government remains watchful, says source
"The measures the government and the Reserve Bank of India (RBI) have taken have helped in lowering inflation, but it's not like it has stopped being a concern. It's just not as worrying as it was a few months ago," a senior official said.
BUSINESS
S&P says India's external position "very strong", can absorb some deterioration
High global commodity prices and capital outflows have put pressure on the Indian rupee's exchange rate and depleted the foreign exchange reserves. But the ratings agency does not think the Indian economy has any reason to worry.
BUSINESS
Centre releases 2 instalments of tax devolution worth Rs 1.17 lakh crore to states
The Centre's tax devolution to states is done in 14 instalments every year. For FY23, this works out to be Rs 58,333 crore a month
BUSINESS
Retail inflation seen falling to 6.7% in July, June IIP growth may drop to 10.6%
The statistics ministry will release both CPI inflation data for July and IIP growth for June at 5:30 pm today.
BUSINESS
Few future policy clues from RBI after end of 'well-telegraphed' era
The central bank has raised the repo rate by 50 basis points, but offered little information on how it might act in the coming months.
BUSINESS
In Charts | Movement of key data since RBI's June 8 monetary policy decision
The Indian central bank looks at a variety of economic indicators before making its interest rate decision. How have some of these data points moved since the Monetary Policy Committee last met?
BUSINESS
How the ED became a sheriff on steroids, in charts
The Enforcement Directorate is in the news almost every day, conducting a series of raids and seizing assets worth crores of rupees. But just how active has it been?
BUSINESS
In first month of post compensation era, most states see more than 14% growth in GST revenue
As per the law, states were guaranteed 14 percent growth in their GST revenues every year for the first five years of the indirect tax regime, with any shortfall to be made up from the compensation cess fund.
BUSINESS
World may soon be on edge of recession, says IMF's top economist Pierre-Olivier Gourinchas
Gourinchas also said the synchronised tightening of monetary policy across countries would hurt growth, but it was a bitter pill that must be swallowed to tame inflation.
BUSINESS
IMF cuts India's FY23 growth forecast by 80 bps to 7.4%
The multilateral agency's latest forecast is only marginally higher than that of the Reserve Bank of India. Economists, however, see the risk of India's growth slipping below 7 percent this fiscal
BUSINESS
India will be lucky if GDP grows by 6% in FY23, says Pronab Sen
According to Pronab Sen, India’s former chief statistician, the government must ensure fiscal support to ensure the economy does not tip over into a slowdown at a time when the RBI is applying brakes to curb red hot inflation.
POLITICS
Don't see need to amend anti-defection law, Centre tells Parliament
Rijiju's comments come a day after the Supreme Court observed that some "important constitutional issues" had emerged from the pleas filed following the Shiv Sena rebellion and Eknath Shinde taking oath as chief minister of Maharashtra.
BUSINESS
India's new CPI inflation series to be released faster, says Pronab Sen
The ongoing Consumer Expenditure Survey is being conducted using tablets. This could shorten the time taken for data entry, says Sen, head of the Standing Committee on Economic Statistics. The current series took more than two-and-a-half years to be introduced, after the completion of the 2011-12 Consumer Expenditure Survey
BUSINESS
Rupee @ 80 | From 40/$1 to 80/$1 in 15 years
The rupee is hitting new lows against the US dollar on a regular basis and India must get used to such exchange rates.
POLITICS
Armed forces short of 1.36 lakh personnel, Centre tells Parliament
The army was short of 1.16 lakh personnel, the navy 13,597 an the air force 5,723, Minister of State for Defence Ajay Bhatt has said
BUSINESS
Explained | Just what exactly is a recession?
The word recession has been bandied about rather frequently these last few months. But what exactly constitutes a recession?
BUSINESS
RBI seeks ban on cryptos but India needs global support to make that effective: FM Sitharaman
The comments by Sitharaman come as the government's consultation paper on crypto is awaited, with the RBI against providing legitimacy to private cryptocurrencies.
BUSINESS
Finance Ministry says govt capex may have started crowding in private investment
In its monthly report, the finance ministry also said economic activity was holding up better than expected despite the several headwinds the country faced, both globally and domestically.
BUSINESS
Skills ministry debating if less-productive jobs must be taught to boost village economy
The debate within the ministry comes as India continues to face a difficult job situation.
BUSINESS
No surprise in June CPI inflation data but price rise in services poses a risk
The latest headline retail inflation number was along expected lines, but the fine print, especially on services, warrants caution
BUSINESS
June retail inflation data expected this evening, consumer prices seen 7% higher
The key CPI inflation rate for June may come in above the medium-term target of 4 percent for the 33rd straight month. It will also likely be above the 6 percent upper limit of the central bank's tolerance range for the sixth month in a row
