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  • Jharkhand’s commercial tax department posts 114% collection in 2022-23 April 01, 2023 10:07 AM IST

    Jharkhand’s commercial tax department posts 114% collection in 2022-23

    In 2021-22, the department had earned Rs 19,750 crore against the target of Rs 16,500 crore.

  • Fiscal deficit widens to 83% of FY23 target at Rs 14.54 lakh crore April 01, 2023 07:02 AM IST

    Fiscal deficit widens to 83% of FY23 target at Rs 14.54 lakh crore

    The Central government has set itself a revised fiscal deficit target of Rs 17.55 lakh crore for the current financial year. However, as a percentage of the GDP, the full-year target remains at 6.4 percent.

  • Critics of the US Federal Reserve are missing some key context March 31, 2023 05:46 PM IST

    Critics of the US Federal Reserve are missing some key context

    The Fed is fulfilling its obligation to restrain wage and price pressures while so far avoiding a recession. The relatively benign current outcome of Americans fully employed without uncontrollable inflation is in stark contrast to the 1970s

  • Current account deficit shrinks to $18.2 billion in Oct-Dec period April 01, 2023 07:03 AM IST

    Current account deficit shrinks to $18.2 billion in Oct-Dec period

    As a percentage of GDP, October-December current account deficit is 2.2 percent compared to 3.7 percent in July-September and 2.7 percent in October-December 2021

  • IRDAI’s liberalised commission rules: Insurers & distributors to benefit March 31, 2023 03:50 PM IST

    IRDAI’s liberalised commission rules: Insurers & distributors to benefit

    The changes signify a move towards a more liberalised regime, to further the stated objective of providing flexibility to insurers to manage their expenses within the overall limits, based on their gross written premium

  • RBI may keep rates higher for a while, says Shubhada Rao March 31, 2023 02:46 PM IST

    RBI may keep rates higher for a while, says Shubhada Rao

    The Reserve Bank of India, like most emerging market central banks, will closely follow what its American counterpart has been doing, but “need not follow every step of what Fed does,” said Rao in an interview with Bloomberg.

  • Moneycontrol Selects: Top stories this afternoon March 31, 2023 12:56 PM IST

    Moneycontrol Selects: Top stories this afternoon

    Our specially curated package of the most interesting articles to help you stay at the top of your game.

  • ‘Greedflation’: profit-boosting mark-ups attract an inevitable backlash March 31, 2023 11:40 AM IST

    ‘Greedflation’: profit-boosting mark-ups attract an inevitable backlash

    Some companies seized on widely reported disruptions to raise prices and increase margins at the expense of consumers

  • Is there a solution to recurrent bank crises? March 31, 2023 09:10 AM IST

    Is there a solution to recurrent bank crises?

    Shocks, uncertainty and contagion being inevitable, the only ‘solution’ to recurrent crises could lie with central banks 

  • What makes this economic slowdown different from the others? March 30, 2023 05:08 PM IST

    What makes this economic slowdown different from the others?

    Past declines have been about unwinding excesses in investment, hiring or construction. This one is about unwinding excessive belief in low interest rates

  • India needs $540 billion investment by 2029 to meet renewable targets: S&P Global Ratings March 30, 2023 03:02 PM IST

    India needs $540 billion investment by 2029 to meet renewable targets: S&P Global Ratings

    India is targeting to cut its emissions to net zero by 2070. In the transition to that, it is targeting 500 gigawatts (GW) of non-fossil electricity capacity, half of the energy from renewables, a reduction of emissions by one billion tonne and an emissions intensity of the GDP by 45 per cent by 2030.

  • Private investment in scientific warehousing capacities can aid the growth of the food processing sector March 30, 2023 01:15 PM IST

    Private investment in scientific warehousing capacities can aid the growth of the food processing sector

    From a policy perspective, we need to move on from strategic storage to even out supplies for the healthy development of the food processing sector. For the fast-growing food processing sector, warehousing helps even out seasonal commodity flows and hence their raw material costs

  • Want safer banks? Then prepare for slower growth March 30, 2023 10:30 AM IST

    Want safer banks? Then prepare for slower growth

    Financial stability and economic expansion are fundamentally at odds. Finding the middle ground is important. Learning to manage financial collapses might be more productive than trying to prevent them outright​

  • Bolivian government promises prosperity from Lithium amid perennial economic struggles March 30, 2023 10:04 AM IST

    Bolivian government promises prosperity from Lithium amid perennial economic struggles

    No country offers a starker warning about the perils of betting on raw materials to fund a path out of poverty. Bolivia has had other commodity booms in the past but it remains the poorest country in South America

  • Silicon Valley Bank Collapse: Insurance for all bank deposits is a manageable cost March 30, 2023 09:38 AM IST

    Silicon Valley Bank Collapse: Insurance for all bank deposits is a manageable cost

    There are those who are worried that a blanket guarantee will encourage risk taking. But it's becoming clear that any solution to the current crisis needs to include legislation providing comprehensive insurance to all retail banking deposits in the US​

  • States to have bigger role in pushing growth over 6.5%: CEA Nageswaran March 29, 2023 10:37 PM IST

    States to have bigger role in pushing growth over 6.5%: CEA Nageswaran

    The government's top economist said the Centre will have a role to play in key areas such as securing India's energy needs as the world moves to cleaner sources of energy

  • Rising India Summit | Hydrogen buses to ply on Indian roads soon: Nitin Gadkari March 29, 2023 08:11 PM IST

    Rising India Summit | Hydrogen buses to ply on Indian roads soon: Nitin Gadkari

    Once the country scales the production of green hydrogen, this can be used to drastically reduce the cost of transportation in the country while being sustainable, the minister said

  • South Africa is on the road to becoming a failed state March 29, 2023 05:21 PM IST

    South Africa is on the road to becoming a failed state

    The euphoria in financial markets that accompanied Cyril Ramaphosa's election victory in 2018 failed to account for the corruption and theft that have become the nation’s dominant post-apartheid leitmotifs

  • How Wall Street became a fancy residential neighborhood March 29, 2023 05:07 PM IST

    How Wall Street became a fancy residential neighborhood

    The effort to repopulate downtown Manhattan has been a big success, but not for everyone

  • Economy set to slow in FY24. How bad can it get? March 29, 2023 02:21 PM IST

    Economy set to slow in FY24. How bad can it get?

    India’s economy is entering a slow lane as multiple economic indicators suggest activity is levelling off after recovering from its pandemic low.

  • What global citizens want: Economic opportunities with quality of life March 29, 2023 01:57 PM IST

    What global citizens want: Economic opportunities with quality of life

    The BCG Cities of Choice report’s findings have some important takeaways for a rapidly urbanising India which is planning to accommodate almost half its population in the next decade or so in towns and cities

  • India's merchandise imports to cross $700 billion in FY23 on higher crude, coal shipments: GTRI March 29, 2023 11:20 AM IST

    India's merchandise imports to cross $700 billion in FY23 on higher crude, coal shipments: GTRI

    The Global Trade Research Initiative (GTRI) also said that the Indian economy will be moderately impacted by weak global demand and recession in large economies.

  • Trickle of foreign inflows to Indian bonds may not speed up in next FY: Analysts March 29, 2023 11:11 AM IST

    Trickle of foreign inflows to Indian bonds may not speed up in next FY: Analysts

    Foreign investors have bought government bonds worth 152.50 billion rupees ($1.85 billion) on a net basis since November.

  • Martin Wolf: Central banks not solely to blame for banking crisis March 29, 2023 11:03 AM IST

    Martin Wolf: Central banks not solely to blame for banking crisis

    The view that what has gone wrong with our economies in the past few decades is mainly loose monetary policy is a cop out

  • RBI to raise rates once more on April 6 but leave door open for more: Poll March 29, 2023 08:24 AM IST

    RBI to raise rates once more on April 6 but leave door open for more: Poll

    Inflation in Asia's third-largest economy remains above the central bank's upper tolerance limit of 6.00%, reaching 6.52% in January and easing only slightly to 6.44% in February, a key reason for the RBI to hike again.