Business in the Week Ahead: June 24-28
Atleast two new IPOs will open for subscription. Central government expenditure (budget balance) and money supply are the other data points to track.
New NPS scheme to be launched in July-Aug, says PFRDA chairman
In the NPS balance lifecycle scheme, the debt proportion will increase after 45 years of age. Existing NPS subscribers will also be allowed to move to the new scheme, he said.
Growth of unsecured loans has moderated after RBI's timely action: Shaktikanta Das
He was speaking at the second global conference on financial resilience organised by the College of Supervisors in Mumbai.
Inflation targeting remains work in progress as long as food price pressures persist: RBI Bulletin
The central bank have a inflation target of 4 percent, with a leeway of 2 percentage point on either side.
India must move fast to make data readily and easily available to end-users: National Statistical Commission chairman RL Karandikar
National Statistical chairman pitches for faster availability of data to users, flags the issue of government lagging behind private companies.
Is a recession worse than inflation?
Economists have been asking people what they think
Can the GST Council walk the Centre’s talk on fuel levy?
The benefits of bringing petrol and diesel under the new indirect tax structure far outweigh the challenges to its implementation
Driving on the wrong side: How misplaced infrastructure priorities limit India’s economic potential
Privileging expressways over railways has economic consequences. Policy needs to re-visit current choices if we are to avoid the anomaly of high growth amidst a poor job market
Fruity affair! India exports 'golden ripe' variety of pineapples to UAE
The first trial shipment, which comprised of 8.7 metric tons (650 boxes) of the prized MD 2 pineapples, marks the substantial addition to APEDA’s export basket, boosting the country’s presence in the global markets.
A tale of three inflations, with a twist at the end
Three major economies — US, China and India — reported inflation data. The overall conclusion is that emerging markets look attractive. But there's a fly in the ointment
Shipping Corp strategic sale may proceed without further delay: Govt official
The Maharashtra cabinet has already given a stamp duty exemption. The SCI building in Maharashtra is now with its demerged entity, Shipping corporation of India Land and Assets Limited.
Will the world get a first glimpse of Modi 3.0 this Friday?
Prime Minister Narendra Modi is all set to open international engagements in his third term with the G7 summit in Italy on June 14
India may grow 6.7% on average from FY25-FY27: World Bank
The World Bank now sees the US economy growing at 2.5 percent in 2024, the same as in 2023 but sharply higher than the previous estimate of 1.6 percent.
How should FIIs play as Modi 3.0 takes charge at the Centre?
For export-oriented sectors such as Auto and Chemicals, global growth is improving on a long-term perspective. However, one needs to be careful about short-term uncertainties in the interest rate trajectory. The other key watch for the medium term is the outcome of the US Presidential election and how it influences the China-plus-one trend.
Cabinet approves assistance for 3 crore more houses under PM Awas Yojana
From 2015-16, the Pradhan Mantri Awas Yojana or PMAY has been providing assistance to eligible rural and urban households for construction of houses with basic amenities.
India's medium-term fiscal consolidation likely to get more challenging, Fitch says
Fitch would like to see durable fiscal consolidation underpinned by revenue-raising measures that can bring down the debt-to-GDP ratio more firmly over the medium-term from around 82% currently
Stocks to ride new government formation
Business fundamentals and valuations have been the parameters used in the selection process
What is the macro impact of a weaker NDA mandate?
Fiscal consolidation to continue though there could be a shift in the expenditure pattern
Why these housing finance stocks should be on your radar, even if a new government with a reduced majority comes to power
Housing’s importance in the economy and the demand for affordable housing means policy support will continue, resulting in growth opportunities for housing finance companies
New government's focus should shift to renewable project mix
Renewable energy projects that can cater to peak electricity demand should be encouraged and scale up
An eight-point agenda to green the economy
The new government should be bold enough to muster the political will to overcome all challenges and hurdles to emissions control
Why monsoon may play a bigger role in the stock market this year
If predictions of an above-normal monsoon come true, then its contribution to GDP will also grow but the spillover effects can benefit stock market investors too
GST collection for May at Rs 1.73 lakh crore, up 10% YoY
The gross GST collections in FY25 till May 2024 stood at Rs 3.83 lakh crore. This represents an 11.3 percent year-on-year growth
Windfall tax on crude slashed to Rs 5,200 pmt; LPG cylinder prices cut to Rs 1,676
Previously, on May 16, the government had reduced the windfall tax on petroleum crude from 8,400 rupees to 5,700 rupees per metric ton.
India's inflation tug-of-war: Falling headline rate versus rising food prices
As political rhetoric around Inflation increases, Moneycontrol takes stock of how inflation has fared in India over the years and versus globally.
