MARKETS
From Russia with love—raging inflation
While India's trade with Russia and Ukraine is minuscule, its dependency is sizeable when it comes to sunflower oil, certain fertilisers and materials used in infrastructure projects
BUSINESS
Govt to state stance on crypto after consultations: FM Nirmala Sitharaman
The finance minister offered little to crypto market players looking for clues on the stance the government may adopt on private cryptocurrencies.
BUSINESS
Central bank digital currency seen rolling out this year: Finance minister Nirmala Sitharaman
"We have had a lot of consultation with the Reserve Bank over digital currency," Sitharaman said
BUSINESS
Revival of private corporate capex 18-24 months away, says UBS' Tanvee Gupta Jain
According to Jain, public capital expenditure constitutes just 20 percent of total investment. Even the double-digit rise in the Centre's capex, as promised in the 2022 Budget, can't really swing the cycle significantly, which makes a turnaround in the private capex crucial
BUSINESS
RBI doesn't listen: TV Mohandas Pai complains to FinMin about central bank
Pai was furious that the central bank does not even respond to letters from the industry, forcing companies to hire accounting firms to get the job done.
BUSINESS
India must aim for semiconductor self-sufficiency, says PM Modi
The prime minister has called on domestic manufacturers to make headway in other key areas such as electric vehicles, medical equipment, and steel.
BUSINESS
Moody's places ratings of 51 Russian companies on review for downgrade
The action comes after Moody's placed Russia and Ukraine's ratings on review for downgrade on February 25.
BUSINESS
Economists trim FY22 growth forecasts after disappointing Q3 GDP number
The lower-than-expected October-December 2021 GDP growth number of 5.4 percent has forced economists to reconsider their growth forecasts for the full year.
BUSINESS
Consumption, investment concerns remain as Q3 GDP growth surprises on downside
While a decline in GDP growth rate was expected in the third quarter of FY22, the number announced by the statistics ministry on February 28 has surprised on the downside.
BUSINESS
Transition to green energy to drive India's economic recovery: FM Sitharaman
The transition to green energy will be one of the three pillars used to build "the roof of India at 100", Sitharaman said, with the other two pillars being physical and human capital and health and education.
BUSINESS
Peace being threatened, can hamper global economic recovery: FM Sitharaman
Finance Minister Nirmala Sitharaman said no country, including India, can plan for its economic recovery during global disturbances.
BUSINESS
Some MPC members may be warming up to idea of rate increase
The minutes of the Monetary Policy Committee's February 8-10 meeting were dovish. But certain comments by some members of the committee could indicate that interest rates may need to rise.
BUSINESS
India's GDP growth may slow down to 6.2% in December quarter on lack of base effect
With the favourable base effect waning, India's GDP growth is likely to have come down further in the last quarter of 2021. While growth may have gained some momentum, economists are not convinced by the outlook
BUSINESS
War and oil: India faces trying times as global risks pile up
India, like most net importers, has a history with oil. The rise in crude oil prices poses inflationary, fiscal and external sector risks for India.
BUSINESS
Moody's raises India 2022 GDP growth forecast to 9.5% from 7%
The upward revision in the growth forecast for 2022 means the rating agency sees India growing 8.4 percent in FY23 - 60 basis points faster than what the Reserve Bank of India has forecast
BUSINESS
RBI's digital currency: What the global experience holds for India
India's upcoming Central Bank Digital Currency may be seen in some quarters as a way to replace the public's thirst for private cryptocurrencies. However, the implications are far more significant for non-retail payments
BUSINESS
Govt borrowing "dynamic", bond auctions cancelled as cash position comfortable: FinMin official
The central government has so far borrowed only Rs 10,525 crore this month as against a target of Rs 95,000 crore.
BUSINESS
UP Elections 2022: Faster growth key to easing pressure on state's finances
UP's revenues have been weak, constraining its ability to spend on the state economy, and its liabilities have been on the rise.
BUSINESS
Four key charts from World Development Report 2022
The World Bank's World Development Report 2022 is over 250 pages long. But a few charts can illustrate the report's concerns on poverty, debt, and increase in risks due to the COVID-19 pandemic.
BUSINESS
World Bank warns developing nations of post-COVID fragility in financial sector
The multilateral agency has called on developing nations to address the rise in their debt burdens, both public and private, caused by the COVID-19 pandemic to ensure an equitable economic recovery.
BUSINESS
Govt, RBI in "complete harmony" on crypto, other issues: Finance Minister Nirmala Sitharaman
The finance minister's assertion comes amid speculation that a tax on cryptocurrencies was at odds with the RBI's stated hostile stance against them.
ECONOMY
Shaktikanta Das says RBI will "deal with" Centre's FY23 market borrowing programme
The announcement of the Centre's massive borrowing programme for FY23 had sent shockwaves through the bond market as market participants feared yields will rise sharply particularly in the absence of any buying support from the RBI, which is in the midst of unwinding its massive pandemic-related liquidity infusion.
ECONOMY
RBI stands by its 'robust' CPI inflation forecast, says Shaktikanta Das
The RBI governor has defended the central bank's inflation forecast for FY23, which has come under fire from various quarters for being too low and ignoring rising crude prices
BUSINESS
Positive buzz in the air about LIC IPO: Finance Minister Nirmala Sitharaman
FM Nirmala Sitharaman has said the positivity is "so required when you are doing things with the stock market".
