BUSINESS
India's trade deficit with Russia rises a whopping 674% in H1 on discounted oil buys
The trade deficit with Russia stood at $20.05 billion at the end of September and is now second to the $44.54 billion deficit with China.
BUSINESS
Vibrant Gujarat: For years, businesses have been ditching Maharashtra in favour of Gujarat
Maharashtra had been losing sheen as a destination for business long before Vedanta and Tata announced new investments in Gujarat in recent months.
BUSINESS
Russia turns largest oil exporter to India, its fifth biggest trade partner
Bilateral trade with Russia is now larger than trade with countries such as Indonesia, Iraq, Singapore, South Korea and Australia
WORLD
MC Explains | What’s driving inflation in leading economies
Besides expensive petroleum products and food, a stronger dollar is a fresh worry for most nations as it increases imported inflation.
BUSINESS
How geopolitics, commodity prices altered India’s trading partners in 2022
While the US remains India’s largest trading partner, Russia and Australia moved up in status. It was the signing of the Australia-India Economic Cooperation and Trade Agreement that changed Australia’s ranking. Russia joined the ranks of the top 10 on India’s petroleum crude purchase.
BUSINESS
Explained: Why were curbs placed on rice exports?
The announcement followed months of speculation that the government might take such measures to cool domestic food inflation. Retail prices of rice are up about 8 percent YoY, data collected by the price monitoring cell of the consumer affairs ministry show. Wholesale prices in July were 9 percent up YoY.
BUSINESS
Economic offences at pre-pandemic levels, led by a spike in cases from Telangana
Delhi and Mumbai led among the metros, but Jaipur, Lucknow and Hyderabad reported a disproportionately large number of cases compared to the size of their population.
INDIA
States must curb freebies to spend more on expanding their economies
The short-term benefits of freebies get offset by higher taxes and other costs arising from the low priority accorded to infrastructure creation. Lower investment in infrastructure creation means fewer jobs, continuing inefficiencies in the economy and depressed future revenue growth
BUSINESS
Delhi couldn’t have gotten high on new excise policy for liquor
Delhi government’s revenue projection from liquor sales under the soon-to-be-scrapped new excise policy was unrealistic
BUSINESS
How did India get to a $100-billion trade deficit in four months?
Government intervention to control exports of petroleum products and certain commodities due to domestic demand and inflation contributed to the widening of the trade deficit.
BUSINESS
India’s trade deficit with China widens as commodity prices fall
India’s exports to China contracted about 31 percent to $3.07 billion while imports climbed 12.8 percent to $15.39 billion
BUSINESS
IBBI gets tougher on professionals for not complying with insolvency code
Insolvency professionals are getting longer suspension orders and stiffer fines for violations such as rushing to liquidation and including related entities on committees of creditors
ECONOMY
India’s energy hunger can widen the trade deficit
Only a sharp fall in global prices of crude oil, coal and other key imports can narrow India’s trade deficit. Meanwhile, India will have to live with a volatile rupee
BUSINESS
What is the financial position of the 5 states described as stressed by RBI?
Bihar, Kerala, Punjab, Rajasthan and West Bengal could face a crisis if they fail to curb non-merit expenditure, the central bank has warned
BUSINESS
India’s trading partners—US, China account for a fifth of merchandise trade
India’s trade deficit with China was the largest in FY22. It was equivalent to 40 percent of the trade deficit for the year
BUSINESS
Gujarat tops in share of India’s exports, aided by soaring petroleum product prices
The western state accounted for about 30 percent of India’s export earnings in 2021-22, with the value of its exports doubling
BUSINESS
Three imports that can drive inflation higher in the next few quarters
Inflation could trend still higher in the coming months because of petroleum products, coal and edible oil
BUSINESS
Here's why India rushed to calm West Asia after fury over BJP spokespersons’ comments
Crude oil, growing trade, remittances and a large diaspora, there is a lot riding on India’s ties with West Asian countries which it can’t afford to offend
BUSINESS
Gujarat and Haryana see the most increase in the number of factories since 2013-14
Maharashtra lost its second place as home to the most number of factories to Gujarat as a large number of units shut
INDIA
Fewer women decide by themselves how to spend their incomes: National survey
Decisions on how a wife’s income is used are increasingly being decided jointly by the couple rather than by the woman
BUSINESS
Factory jobs grew in corporate sector, shrank in proprietorships and partnership units in 2019-20: Govt survey
Factories owned by the corporate sector provided more employment than all the other factories cumulatively, employing about 75 percent of all workers
BUSINESS
How retail inflation climbed through the year as RBI focussed on growth
Moneycontrol takes a look at the key components of the consumer price index that put upward pressure even as the RBI maintained an accommodative stance
BUSINESS
Estimates of per capita income pruned, consumption expenditure raised
The rise in per capita in the current year is lower than what was estimated before the Omicron variant of the COVID-19 virus struck. The decline in the current prices is small but when it is measured in constant 2011-12 prices, the dent is significant.
BUSINESS
What possible trade sanctions against Russia can mean for India and China
India and Russia are almost insignificant trade partners. Neither exports nor imports exceed 2 percent in the total outbound and inbound merchandise of both countries.
