BUSINESS
RBI survey shows consumers remained pessimistic about present in January, but inflation expectations slumped
Despite increasing in January 2022, consumer confidence - as measured by the RBI's Current Situation Index - remains firmly in the sub-100 pessimistic zone.
BUSINESS
RBI pins hopes on inflation forecast to continue accommodation in FY23
The RBI has surprised with a rather dovish inflation outlook for FY23. But it is key to continuing the accommodative stance.
MARKETS
RBI cautions bond vigilantes, wants 'responsible' behaviour for 'co-operative outcomes'
The RBI's attempts to rein in bond market skeptics continue as Governor Shaktikanta Das calls for responsible behaviour so that everyone can benefit.
BUSINESS
RBI takes another step towards policy normalisation by restoring liquidity framework
With the re-balancing of excess liquidity conditions having begun in August 2021, the RBI has now taken the next step on the policy normalisation path
ECONOMY
IMF paper finds limited competition between CBDCs and bank deposits in early experiments
The IMF paper examined six pioneering projects and found that restrictions on the amount of CBDC that can be held and the absence of interest on them ensured they did not compete with bank deposits.
ECONOMY
Centre's FY23 capex challenge: Realistic, a mirage, or a tall order?
On the face of it, the sum of the Centre's gross budgetary support and internal and extra-budgetary resources, less a Rs 1 lakh crore interest-free loan to States, results in capex of Rs 11.20 lakh crore for FY23 — 2.7 percent higher than the revised estimate but 0.7 percent lower than the budget estimate for FY22. But there's less when you read between the lines.
BUSINESS
Budget 2022 | Much to frown upon beyond middle class' disappointment
The budget left those hoping for some tax relief hanging. But what of those who truly needed more relief in these difficult times?
ECONOMY
The trouble with budget assumptions and what that means, explained
Economists are puzzled with the budget numbers—from nominal GDP assumption to estimates in revenue receipts to disinvestment figures to capex numbers.
ECONOMY
Union Budget 2022 | Government hopes to mop up Rs 73,948 crore as dividend from RBI, PSU banks
At Rs 73,948 crore, the budgeted dividend revenue for FY23 from the central bank and PSU banks is 27.0 percent lower than the revised estimate.
ECONOMY
Union Budget 2022 | A breakdown of the key numbers for FY23
Budget 2022: Finance Minister Nirmala Sitharaman wants to retain the Centre's focus on reviving the economy. But what do the Budget numbers say?
BUSINESS
India's GDP contracted 6.6% in FY21, lower than previously estimated
The first revised estimate for FY21 also pulls down the GDP growth estimate for FY22 to 8.8 percent from the first advance estimate of 9.2 percent.
ECONOMY
Economic Survey 2022: Govt trims down survey from "unwieldy" to 413 pages
At 413 pages, the latest edition of the Economic Survey is significantly smaller than last year's.
ECONOMY
Economic Survey 2022: Centre well on track to meet FY22 fiscal deficit target
On the broader issue of government debt, the Economic Survey sees India's public debt as "stable and also sustainable".
ECONOMY
In Graphic Detail: India's capex conundrum in four charts
In graphic detail is a special short data series covering the Union Budget's key elements over a short and long-term period
ECONOMY
Budget 2022: Centre to stay focused on capex to solve growth conundrum
The Budget for fiscal 2023 faces a familiar challenge: how to revive economic growth.
ECONOMY
ADB to develop blockchain network prototype for central banks' cross-border securities transactions
The ADB will partner with ConsenSys, Fujitsu, R3, and Soramitsu to create a blockchain network for the ASEAN+3 nations: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam, Japan, China, and South Korea.
BUSINESS
IMF's Gita Gopinath warns economies will need to adapt to higher global interest rates
The IMF's new First Deputy Managing Director warned of "aggressive monetary tightening" by the US Federal Reserve, which could sharply tighten global financial conditions.
BUSINESS
IMF raises GDP growth forecast by 50 bps to 9% for FY23
The multilateral agency expects an improvement in India's credit growth, which would boost consumption and investment. The upward revision in the growth forecast is also on the back of better-than-expected performance by India's financial sector.
BUSINESS
In Graphic Detail: Centre's fiscal math in five charts
In graphic detail is a special short data series covering the Union Budget's key elements over a short and long-term period.
BUSINESS
Budget 2022: India set for modest fiscal consolidation amid slow economic recovery
The government is expected to lower its fiscal deficit target modestly in the next financial year given the pressure its revenue sources may face and the imperative of providing a boost to the rural economy ahead of elections in five states, including Punjab and Uttar Pradesh.
CORONAVIRUS
Has India’s third COVID-19 wave peaked?
The surge in daily new cases caused by the Omicron variant has been likened to a "flash flood" rather than wave. And while daily cases may not have yet peaked on a national level, parts of India are already seeing a decline in fresh cases.
BUSINESS
Budget 2022: Nominal GDP growth may be pegged at 12.8% in FY23
The nominal GDP growth estimated in the budget helps determine key targets such as the fiscal deficit, capital expenditure, and tax collection.
BUSINESS
CPI inflation starts another 6%-plus journey after turn in base effect
The base will remain unfavourable in January, too, and CPI inflation will go past 6 percent, the upper bound of the RBI's inflation mandate.
ECONOMY
IMF staff call for global framework to guide national regulation of crypto
Research conducted by staff of the International Monetary Fund has found an increase in correlation between crypto assets and traditional holdings such as stocks since the start of the COVID-19 pandemic. This raises the risk of contagion across financial markets.
