In 2021-22, the department had earned Rs 19,750 crore against the target of Rs 16,500 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.
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
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
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
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.
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Some companies seized on widely reported disruptions to raise prices and increase margins at the expense of consumers
Shocks, uncertainty and contagion being inevitable, the only ‘solution’ to recurrent crises could lie with central banks
Past declines have been about unwinding excesses in investment, hiring or construction. This one is about unwinding excessive belief in low interest rates
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.
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
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
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
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
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
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
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
The effort to repopulate downtown Manhattan has been a big success, but not for everyone
India’s economy is entering a slow lane as multiple economic indicators suggest activity is levelling off after recovering from its pandemic low.
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
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.
Foreign investors have bought government bonds worth 152.50 billion rupees ($1.85 billion) on a net basis since November.
The view that what has gone wrong with our economies in the past few decades is mainly loose monetary policy is a cop out
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.