BUSINESS
Govt, RBI in talks for flexible FX realisation policy for e-commerce players
The government has also signed a Memorandum of Understanding with Shiprocket to boost the export competitiveness of small enterprises via e-commerce at the district level.
BUSINESS
Small savings interest rates for Jan-Mar 2024 may see slight increase
Interest rates on small savings schemes, while set by the government, are linked to market yields on government securities at a spread of 0-100 basis points over the yield of these securities of similar maturity.
BUSINESS
India's current account deficit narrows to $8.3 billion in July-September
For the first half of 2023-24, India's current account deficit more than halved to $17.5 bn from $48.8 bn in April-September 2022, Reserve Bank of India data showed.
BUSINESS
Tech, infra key to easing food supply issues in the long run: MPC's Shashanka Bhide
A slowdown in global growth is still a concern for the Indian economy, Bhide said. And while India's GDP growth in July-September had been "surprisingly strong", its uneven nature is a cause for worry.
BUSINESS
Faster reduction in fiscal deficit will send 'very good signal': MPC's Ashima Goyal
According to Goyal, the government should continue to focus on building physical and human capital in the 2024-25 interim budget as the level of private investment in these areas is "less than optimal".
BUSINESS
Centre, states, and money: Is India's co-operative federalism dream breaking down?
India's governments at the central and state level, particularly those ruled by Opposition parties, share a rather fraught relationship. And while politics plays its role, the power the Centre exerts over the availability and sharing of monetary resources is also a considerable factor.
BUSINESS
RBI Bulletin: Model pegs India's FY25 GDP growth at 6.0% vs official view of 6.5%
As per the forecasts made by the Reserve Bank of India's 'dynamic stochastic general equilibrium' (DSGE) model, India's GDP growth this year may be 7.1 percent - 10 basis points higher than the central bank's official view of 7.0 percent.
BUSINESS
RBI Bulletin: More warnings on inflation as lowering it to 4% target 'far from assured'
In its monthly State of the Economy article, the Indian central bank's economists also warned that if headline retail inflation is not brought down to the medium-term target of 4 percent and "tethered" there, it is highly likely that growth may be hit.
BUSINESS
IMF, India cross swords over fiscal consolidation, forex market intervention
While there is broad consensus between the IMF and the government over the progress of the economy, there is some disagreement on how India is handling some of the underlying issues such as inflation and fiscal deficit
BUSINESS
Budget 2024-25: Steady progress on inflation, but next steps are crucial
Budget 2024-25: The govt and RBI's fight against inflation is never-ending, given how food prices behave. While the Modi government has indeed tried to tame these prices, it now needs to do more
BUSINESS
Chhattisgarh, Tamil Nadu spend most on subsidies, plus other key stats from RBI’s state finances report
While there is no estimate – or even definition – of freebies, Chhattisgarh, Tamil Nadu, Punjab, Madhya Pradesh, and Bihar spend the most on subsidies as a percentage of their State Domestic Product. Meanwhile, Delhi is ahead on spending on public health and education.
BUSINESS
India must lower fiscal deficit 'a lot more' to get a higher rating, says S&P
According to Kim Eng Tan, S&P Global's Managing Director for APAC sovereign ratings, India will clock a GDP growth rate of at least 6.4 percent or more for the next few years.
BUSINESS
Another month of good CPI, IIP data but base effect muddies waters
The CPI print for November and October's IIP data, both, suffer from a low-base effect, with economists calling for a nuanced reading of the numbers.
BUSINESS
Vegetables, base effect propel retail inflation to 5.55% in November
Headline retail inflation has now spent 50 months above the Reserve Bank of India's medium-term target of 4 percent.
BUSINESS
At likely inflation of 5.8%, upper-limit of RBI's tolerance band faces acid test again
India's headline inflation rate fell to 4.87 percent in October thanks to a favourable base effect and the cooling of vegetable prices. However, the reversal of these two factors is set to push inflation close to 6 percent in November
BUSINESS
RBI Policy: No forward guidance again from Governor Das, but clues remain
The ongoing uncertainty may have clouded the RBI's crystal ball. But by reading in between the lines – however hazardous that might be – a picture of how Indian monetary policy is evolving can be discerned
BUSINESS
RBI retains FY24 CPI inflation forecast at 5.4%, sees it at 4% in Q2 FY25
RBI MPC meeting: The Indian central bank's revised forecast comes days before headline retail inflation data for November is released on December 12
BUSINESS
Raghuram Rajan and Rohit Lamba – the full interview
Ahead of the release of their new book, Breaking the Mould, economists Raghuram Rajan and Rohit Lamba spoke to Moneycontrol about their vision for the Indian economy, and what is wrong with the current path of policy.
BUSINESS
Interview: Rajan, Lamba seek honesty, data, debate in Indian policymaking
Speaking to Moneycontrol ahead of the release of their new book, Breaking the Mould, Raghuram Rajan and Rohit Lamba voice their concerns over the path Indian economic policy is taking
BUSINESS
Will RBI follow up on November action on personal loans?
There is a view that the rise in quicker and possibly riskier disbursement of personal loans might prompt more action by the RBI
BUSINESS
India's most optimistic economist just got even more bullish
The Indian economy grew faster in July-September than what was predicted by almost all analysts. But those expectations pale in comparison to what ICICI Securities' Prasenjit Basu had in mind and what he thinks might pan out in the rest of 2023-24 and 2024-25
BUSINESS
Economists hike FY24 growth forecast close to 7%, RBI may follow suit next week
While Chief Economic Adviser V Anantha Nageswaran has hinted at the finance ministry raising its growth forecast for 2023-24 later this month, economists see the RBI acting next week itself while announcing the latest monetary policy decision
BUSINESS
Govt to relook FY24 growth forecast of 6.5% after blockbuster Q2 GDP data
According to Chief Economic Adviser V Anantha Nageswaran, it is possible that the Indian economy's underlying momentum and activity is not being measured accurately
BUSINESS
'Less is more' - Finance Secretary says 16th Finance Commission's Terms of Reference are final
Somanathan also said an announcement on the members and chairman of the 16th Finance Commission was "imminent"
