State capex spending and their offtake under the GoI scheme were tepid through the first half of FY2023. Initially, concerns regarding the fiscal situation after the planned end to the GST compensation period of five years on June 30, 2022, may have restrained the states’ capital spending
If it doesn’t want to push the economy into recession, the central bank will probably have to abandon its 2 percent inflation target
Aatmanirbharta in defence, unlike the earlier self-reliance push through PSUs, is focussed on tapping the innovation and capabilities of private enterprise, startups and foreign partners. The defence bureaucracy must implement the reform-minded political leadership’s vision
Switching to digital money risks shutting out some of the most vulnerable members of society
Southern Europe needs capital from oligarchs and digital nomads even if it widens inequality
The police summons to TV anchor Vinu V John for remarks critical of bandhs smacks of vindictiveness. But it is just one more episode in a series of run-ins that the Kerala chief minister has had with the media
In today’s edition of Moneycontrol Pro Panorama: China’s play in Middle East discomforts Iran, workers in informal sector rising, lessons for businesses from Ukraine conflict, shipping containers have a story to tell, and more
The 5.9 million tonnes of lithium announced by Geological Survey of India are “inferred resources” at present. General and detailed exploration must follow, also roping in private mining expertise, if we are to see the lithium by 2030
For FY24, we estimate GDP growth at 6.0 percent amidst a slowing global economy, an anticipated moderation in urban leveraged consumption and a cutback in real revenue spending by the central government
ISS has moved against companies with unequal voting rights, opening a new front in the conflict over shareholder powers
The macro slowdown in consumption is supported by retail FMCG data. But modern trade is doing well, foods are beating non-foods and more interesting trends inside
Beijing recognizes Iran’s value as an ally but it also recognizes the economic advantages that Iran’s cash-rich rivals like Saudi Arabia, Oman, and the UAE offer
A grand new AI mission awaits the erratic billionaire while his social media platform struggles with staffing and advertising losses
Vietnamese factories were supposed to save globalisation. But a pile of niggling domestic issues are making it tougher to do business in the country
Businesses have been given a crash course in geopolitical risk and its implications for supply chains, inflation, interest rates and investment in the last one year
GDP growth relative to the pre-COVID level firmed up quite considerably to 11.6 percent in Q3 FY2023 from 9.4 percent in Q2 FY2023. We are taking this as a signal of an improvement in the underlying momentum of growth, which nevertheless remains quite uneven
PLFS data say that while the percentage of workers in informal employment in the non-farm sector was 68.2 percent in 2018-19, it increased steadily to 71.8 percent in 2021-22
The outlook for private consumption remains relatively sombre as pent-up demand has been met this fiscal year with a complete recovery from the pandemic
Major Chinese container ports Shenzhen and Shanghai are seeing massive growth in the number of empty containers
Consumption growth in the December 2022 quarter was a dismal 2.1 percent, which is projected to fall further to 1.5 percent in Q4
The Pradhan Mantri Garib Kalyan Anna Yojana’s five additional kilograms of foodgrains per person kept hunger at bay for 80 crore people during the pandemic. Economic conditions remain just as dire for the poor. High inflation makes extra purchases of foodgrains at market rates to meet their household needs an unlikely proposition
The innovative cancer drug maker is an appealing target for a pharma giant with plenty of cash to spend
Moldova is also leaning West. That’s why the Kremlin is taking aim
In the absence of appropriate regulations, there are concerns that bike taxis could lead to reckless usage of private vehicles for commercial purposes and, consequently, cause greater emissions
In today’s edition of Moneycontrol Pro Panorama: Decoding impact of Q3 corporate results on GDP growth, lithium mining poses environmental dilemma, Manish Sisodia’s arrest a big challenge for AAP, urban and rural earning divide widens, and more