"The measures the government and the Reserve Bank of India (RBI) have taken have helped in lowering inflation, but it's not like it has stopped being a concern. It's just not as worrying as it was a few months ago," a senior official said.
China and the US-led MSP are jostling to dominate the space for crucial minerals needed for EV batteries
While individual banks might worry about raising deposits before making out loans, at a system level, every loan asset is self-funded by the deposit that it creates
Rate rises and contraction of the Fed’s balance sheet may still pull the rug from under the economy and markets
The house remains comfortable with its view that the repo rate will rise to 6.40% by early 2023 and expects another 50-basis-point hike at the next meeting in late September. The RBI will revert to 25-basis-point hikes after that once inflation has peaked.
Going forward, companies will benefit as inflation gradually comes under control. The markets are also taking confidence from the way Corporate India handled the tough inflationary challenge in the June quarter
In the process he would ensure the involvement of new entrepreneurs and youth into the economic mainstream and also work towards achieving the $1 trillion economy, he said.
The Indian Antarctic Bill, 2022, piloted in the Upper House by Earth Sciences Minister Jitendra Singh, was passed with a voice vote after a brief discussion amid a protest by Opposition on various issues, including the arrest of Shiv Sena MP Sanjay Raut.
The Central Universities (Amendment) Bill, introduced by Education Minister Dharmendra Pradhan, also seeks to expand the scope of the University from beyond the railways to cover the entire transport sector to support the ambitious growth and modernisation in the field.
In a pay-as-you-drive motor policy, the premium is based on the average distance that a policyholder drives the vehicle.
India’s Foreign Trade Policy 2015-20, which was announced for a period for five years, has been extended several times due to impact of Covid-19 and global supply chain uncertainties in the wake of conflict between Russia and Ukraine.
The finance minister has said any action against cryptos has to be part of a globally coordinated move. While such a move is afoot in G20, it might not translate into any concrete action
The Opposition has been stalling parliamenatry proceedings, demanding a debate on inflation and GST on staples such as rice, dal and curd
Currently, e-invoicing is mandatory for taxpayers with aggregate turnover of more than Rs 20 crore
The country has fast-tracked the indigenisation of so-called Software Defined Radios with Defence Research and Development Organisation and Indian Institute of Technology Kanpur to fulfill the increasing demand by the Armed Forces across a broad spectrum of operations.
A bench of Justices DY Chandrachud and AS Bopanna was told by advocate Jai Dehadrai that the matter was listed earlier on October 26, 2020, but the court had allowed the petitioners to move a representation to the ministry.
In this episode of The Week on Dalal Street, Santosh Nair and Anuj Singhal discuss the renewed sense of FOMO among investors who had been waiting for the Nifty to slip to 15,000.
There has been a fundamental change in central bank policies in recent times that have enormous implications for economies and markets
The Centre was closely monitoring the global price movements and their impact on India’s economy, says minister of state for finance Pankaj Chaudhary
The response comes amid a spike in air fares on various routes as the movement restrictions have been completely lifted and as fuel prices have surged.
India has proposed selling 100 percent stake in RINL along with management control by way of privatisation, a proposal which has led to agitation by trade unions
There has to be a trade-off the central bank has to look at and hence re-focus on growth once inflation provides some semblance of control, Kunal Kumar Kundu has said
While the depreciation of a currency is likely to enhance export competitiveness, it would also make imports costlier, the minister said.
In the inaugural episode of The Week on Dalal Street, catch Anuj and Santosh talk about market trends, stock moves, policy actions and what to keep an eye on for the coming week.
Oil prices remain volatile. To hit the sweet spot would have required frequent changes to the tax rate, and courted the possibility that either exports are rendered uncompetitive or alternatively the domestic market is starved