Icrier

Jeera, the essential kitchen staple, retailed at an inflation rate of 74.1 percent and a wholesale inflation rate of 95.7 percent in June.

MSP system should be reformed, less govt intervention crucial to agri growth: NITI Aayog member Ramesh Chand

Chand batted for deferred deficiency price payments (DPP) as an alternative to the existing procurement based MSP structure.

World Bank's Deepak Mishra appointed as ICRIER director, chief executive

He will take over from Rajat Kathuria who has been the director & chief executive of ICRIER since September 1, 2012.

Increase in AI intensity by 1 unit can lead to 2.5% increase in GDP: ICRIER

The economic effects of AI also include indirect effects on productivity, the Indian Council for Research on International Economic Relations (ICRIER) said in the report titled 'Implications of AI on the Indian Economy'.

India may pay a hefty price for unplanned urbanisation, almost $1.8 trillion, by 2050: Study

If India continues with its current trend of ‘poorly planned, sprawling and unconnected‘ pattern of urbanisation, it could cost the country upto USD 1.8 trillion by mid-century, according to a new study from the &#82

Chances of above-normal monsoon very high: IMD

The Indian Meteorological Department on Tuesday announced the onset of monsoon. IMD Director BP Yadav said the one-week delay shouldn't be a cause of concern as a very good monsoon ahead will make up for the delay.

India unlikely to develop through unskilled labour: ICRIER

The paper, authored by Radhicka Kapoor, examined the effect of growing capital intensity (and associated technological change) on inequality of wages and earnings in organised manufacturing in India.

Pulses racing: Can govt measures bring down tur dal prices?

While rising food inflation driven by pulses has been a never-ending discussion topic in India's macroeconomic policy-making, this time around all hell has broken loose with tur dal prices rising to more than Rs 210

Maha worst hit by sudden rains, pros say Rabi stock ample

India is grappling with falling rural demand aggravated by unseasonal rains that threaten to destroy what could have been a bumper crop year. Maharsahstra is the worst impacted state in the country and the compensation announced can barely cover the losses faced by the farmers.

Economic Survey: In a favourable situation with CAD on low crude: ICRIER

The Economic Survey for 2014-15 has projected a growth of 8.1- 8.5 percent for FY16, and said there was scope for big bang reforms.

Expect 25-bps rate cut by RBI today: Abheek Barua

Abheek Barua, Consultant at ICRIER, feels the Reserve Bank should cut rates in today's policy as inflation has seen a dramatic decline. Stating that stage is set, Barua expects a 25-bps rate cut in today's credit policy. He sees January CPI at around 5.6 percent to 5.7 percent.

RBI may pause rate hike on softer inflation: Acharya

Trade deficit numbers are encouraging. They are on the back of subdued import of gold and softening of oil prices in the last month, says Dr Shankar Acharya of ICRIER.

Can't cap fiscal deficit at 4.8%; polls to up costs: ICRIER

Shankar Acharya of ICRIER is skeptical on government's abilities to meet the fiscal deficit target of 4.8 percent. He also feels that key investment decisions may be delayed due to upcoming elections.

Unsure if June quarter will see 3.6% CAD: Shankar Acharya

The current account deficit (CAD) projection of five percent for the full year still remains a concern and it is unsure whether for the data for the June quarter will be below 3.6 percent, said Shankar Acharya of ICRIER to CNBC-TV18.

Expect to see 5.5-6% growth in FY14 also: ICRIER

Shankar Acharya of ICRIER expects 5.5 to 6% growth in FY14 as well. According to him, the underlying stress factors continue to press on the economy and therefore, chances of seeing a change is limited.

Raising capital to meet norms challenge to banks: Gokarn

Terming the present capital position of Indian banks as "comfortable", RBI Deputy Governor Subir Gokran today said raising fresh capital under the Basel-III framework would be a challenge to them.

GDP growth to be in the range of 5-5.5%: ICRIER

Shankar Acharya, ICRIER, says that yesterday‘s IIP data displayed a poor growth story and he feels that the production performance in the agriculture sector is also not likely to show a good performance due to poor monsoons.

PM sets up committee to frame GAAR guidelines by Sept 30

Within a fortnight of the Finance Ministry issuing draft guidelines on GAAR, Prime Minister Manmohan Singh today set up a committee to prepare fresh norms on the controversial tax provision to bring "greater clarity" and prepare a roadmap by September 30 for its implementation.

Not optimistic about rate cuts from RBI: ICRIER

Slowing growth, high inflation and a sorry state of the economy has been playing havoc. Along with that, a not so good monsoon has started to ink fears of lower agricultural output. In an interview with CNBC-TV18, Shankar Acharya of ICRIER said the monsoon situation is worrying and by the end of July, a clear picture is likely to emerge.

Sticky inflation to persist for few months: Shankar Acharya

Dr Shankar Acharya of ICRIER says he wouldn't lay much emphasis on the recent WPI inflation numbers. Government data shows India's consumer price inflation rose in April to 10.36%.

RBI's next cut depends on deficit control by govt: ICRIER

Dr Shankar Acharya of ICRIER believes the Reserve Bank will wait on the government to make good on its promise of containing the fiscal before it goes ahead with another repo rate cut.

Retrospective taxation not desirable: ICRIER

The introduction of retrospective taxation on overseas transactions is not desirable, as it might create a conflict between the Judiciary and the Legislature, a top executive of the Indian Council for Research on International Economic Relations said today.

No positive vein in the Budget to spur investments: ICRIER

Shankar Acharya (ICRIER) feels that the fiscal deficit at 5.1% by FY13 end is not too credible especially after the events that have happened the Railway Budget debacle.

Budget 2012: We need a lowering of headline rates, says ICRIER

I would also look for lowering of headline rates. Our rates of taxes have been brought down, but our corporate income tax rate is still quite high in international comparison. So, we need a lowering of headline rates. At the same time, we need to get rid of selective incentives.

Sluggish growth to continue next year: ICRIER's Acharya

Industrial output data in October saw a sharp de-growth of 5.1% compared to a growth of 1.9% in September due to poor capital expansion. Shankar Acharya of ICRIER indicated that a slowdown in IIP was along expected lines. However, he seemed very worried about the lack of investment growth.