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External debt rose by $4.7 billion from $624.3 billion in March 2023, the RBI data showed and as a percentage of GDP, it declined to 18.6 per cent in June 2023 from 18.8 per cent in March 2023
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While the changes in rates of income and corporate taxes, incorporated in the Budget announced on February 1, are effective from April 1 or a notified date, most of the changes in customs and excise duty rates become effective from midnight.
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Markets maintained those bets even after Richmond Fed President Thomas Barkin on Tuesday refrained from saying how the fall in inflation affected the policy outlook for next year, while Atlanta’s Raphael Bostic said there was no urgency to cut rates.
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At the interbank foreign exchange market, the local unit opened at 83.17 and traded between the peak of 83.13 and the lowest level of 83.18 against the dollar.
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Though the attacks on shipping have boosted the risk premium, other analysts have noted the incidents said the disruption is not likely to impact supply.
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Moving the Bill for passage, Sitharaman said, the Bill seeks to obtain the authority from Parliament to provisionally levy and collect the newly imposed or increased duties of customs and excise for 75 days.
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FIIS bought shares worth Rs 11,473.54 crore and sold equities worth Rs 11,507.05 crore, leading to a net outflow of Rs 33.51 crore, according to exchange data.
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Traders now await a slew of U.S. economic data, including the November core personal consumption expenditure (PCE) index report on Friday.
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In any case, since hitting a multi-decade low against the dollar near 152 in November, the yen has gained around 6% in value as traders have grown increasingly convinced the BOJ’s low-rates drag on the currency will not last much longer.
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China has taken some major steps like infusing massive funds in banks to kick-start the sluggish economy. But analysts say it may not be enough to encourage new investment
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A well-crafted strategy and improving world trade next year can be a double delight for India’s outbound merchandise shipments
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Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.
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As per the government’s ‘ballpark’ assessment, the logistics cost stood between 8.7-9.9% of GDP in 2011-12, which rose to 8.8-10% in 2012-13, and then fell below the maximum upper bound of 9.4% of GDP between 2014-15 till 2021-22
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mployers added a record 606,000 jobs a month in 2021 and nearly 400,000 per month last year.
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The company and the developer will be entitled to 50% share of the leasehold right and the developed building.
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Foreign Institutional Investors (FIIs) were net buyers in the capital market on Wednesday as they bought shares worth Rs 4,710.86 crore, according to exchange data.
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Face-saving phrase averts disaster at Dubai summit, but may not be enough to save the Earth from a climate catastrophe
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Das’ five years weren’t an easy ride. A global pandemic struck the world, a banking crisis happened in world’s largest economy and fresh governance issued cropped up in some of India’s smaller banks
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In September 2009, NSEL introduced the concept of paired contracts for trading, which allowed the buying and selling of the same commodity through two different contracts at two different prices on the exchange platform.
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Such a move of internationalisation of rupee can deepen our financial markets, allowing domestic firms to transact in their own currency internationally, besides mitigating exchange rate risks for our exporters and importers, Ratho said.
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Global oil demand growth is set to slow in 2024 with OPEC and the International Energy Agency split on the extent, and a recent OPEC+ deal to limit supply underwhelmed the market.
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An upbeat U.S. jobs report last week dampened expectations the Federal Reserve could cut interest rates as soon as March.
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The dollar has been slipping since October’s benign U.S. inflation report but found footing on upbeat jobs data published on Friday.
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As much as 4.6 percentage points out of the 7.6 percent growth in the September quarter can be put down to ‘’discrepancies’’
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With GDP growth at 7.8 percent in the June 2023 quarter and 7.6 percent in the September quarter, why aren’t perceptions about income growth and employment growth in the RBI survey better?
