RBI Monetary Policy shifts gears, plans liquidity normalisation in near term
RBI insisted on gradual, calibrated withdrawal of liquidity over a multi-year time frame in a non-disruptive manner beginning this year
RBI Policy | MPC keeps repo rate unchanged at 4%, retains accommodative stance
The Monetary Policy Committee has so far remained on a growth-supportive stance to guard the economy from the ill-effects of the COVID-19 pandemic.
CAIT, IFA urge government to roll back hike in GST rate on footwear
As of January 1, 2022, the effective GST rate on footwear costing below Rs 1,000 has been raised from 5 percent to 12 percent, while the rate for footwear costing above Rs 1,000 was rationalised to 12 percent, down from 18 percent.
Ukraine crisis | India looking to boost egg and poultry exports to Ukraine’s international markets
India’s push to capture Ukraine’s international markets for eggs revolves around boosting shipments to the UAE, which account for almost 40 percent of Ukraine’s egg exports
Watch: How will RBI's policy rolling out this week impact markets?
RBI Governor Shaktikanta Das will unveil the first monetary policy of the new financial year on April 8, after a two-day review. This will likely indicate the course RBI will adopt for the remainder of FY23 as it seeks to strike a fine balance between spurring growth and curbing inflation. So will RBI continue to keep rates low to bolster growth or go for a rise? Watch Karunya Rao and Ravi Krishnan decode the central bank's strategy
World Bank says war shocks to drag on Asian economies
Growth for the region is estimated at 5 percent, down from the original forecast of 5.4 percent. The “low case” scenario foresees growth dipping to 4 percent, the World Bank said
US, allies ready new Russia sanctions after Bucha killings
Western sanctions on Russia over its nearly six-week invasion of its neighbour gained new impetus this week after dead civilians shot at close range were discovered in the Ukrainian town of Bucha, seized back from Russian forces
Petrol, diesel prices hiked by 80 paise, total increase now at Rs 10; CNG gets costlier too
For petrol and diesel this is the 14th round of increase over the last 15 days
Oil extends losses on higher dollar, US stock build
Brent crude futures fell 97 cents, or 0.9 percent, to $105.67 a barrel, while US West Texas Intermediate futures were down 98 cents, or 1 percent, to $100.98 a barrel
Trade deal only one step in Australia’s plan to boost ties with India, officials say
To enable closer cooperation, both governments are planning more economic, tech and strategic partnerships
Peak power demand up 12% at 198.47 GW, may cross 200 GW-mark in April
The data shows that during the entire month of April in 2021, the peak power demand was recorded at 182.37 GW. It was 132.73 GW in April 2020, a tad lower than 176.81 GW in April 2019.
India buying Russian oil: I will put my country's national interest, energy security first: FM Sitharaman
Speaking at the 17th CNBCTV18 India Business Leaders Awards, Finance Minister Nirmala Sitharaman said that all the engines of economic growth were running, barring that of domestic corporate investments.
Putin tells Europe: Pay in roubles or we'll cut off your gas
Putin's decree on Thursday leaves Europe facing the prospect of losing more than a third of its gas supply
Rising Wages Could Complicate America’s Inflation Cool-Down
Demand for services is rising just as many employers are struggling to find workers, which could force them to continue raising wages. While positive for workers, that could keep overall inflation brisk as companies try to cover their labor costs, speeding up price increases for services even as they begin to moderate for goods.
Exclusive | Ukraine crisis may land deathblow to India’s alternative trade route to Europe
The 7200-km International North South Transport Corridor is a multination trade route developed by India to cut transit time for shipments to Russia, Central Asia and India’s prized markets in the European Union. But it has faced repeated challenges, and the latest Ukraine crisis is the biggest one so far.
Investing in an inflationary environment
Investors need to readjust their investment portfolios to factor in the change in macro conditions
Petrol scales Rs 102 a litre in Delhi, diesel nears Rs 100 after fresh price hike
In Mumbai, the petrol and diesel prices per litre stood at Rs 116.72 and Rs 100.94 following an increase of 84 paise
Ila Patnaik, former Principal Economic Advisor, to join Aditya Birla Group as Chief Economist
Ila Patnaik previously served with the Finance Ministry and Reserve Bank of India on multiple working groups, and is a published author and researcher on economics.
As trade with Russia remains suspended, uncertainty over diamond, oil imports continues
Although Russia accounts for only 2.6 percent of India’s total trade, historically deep trade and investment ties between the countries are now under threat.
Explained | What led to the economic crisis in Sri Lanka and how can it be tackled?
It is what happens when poor public-finance management meets bad policymaking and a pandemic
Israel PM visit expected to boost trade talks
Scheduled for April 2, Bennett’s first visit to India faced some uncertainty after the Israeli PM contracted Covid. Both nations are however yet to officially announce any changes to the planned trip.
Why $400-bn in exports may be a passing joy
Petrol, diesel prices raised by 80 paise a litre in third hike this week
Petrol in Delhi will now cost Rs 97.81 per litre as against Rs 97.01 previously, while diesel rates have gone up from Rs 88.27 per litre to Rs 89.07
Oil drops as supply crunch fears ease, trading costs rise
Brent crude futures fell $1.07, or 0.9 percent, to $117.96 a barrel at 0053 GMT, after sliding 2.1 percent in the previous session
