Page 14 - Indian Economy

What the Budget should explain

FM's speech must highlight its impact on money supply, demand and investment- factors that influence inflation and growth

Govt to tap brakes on capex growth, key subsidies, finds poll of economists

Food and fertiliser subsidies that help two-thirds of India's 1.4 billion people will also be scaled back

Centre likely to borrow record Rs16 trn in fiscal year 2024, shows new poll

The fall in tax revenue and expected slowing economic growth next fiscal year will limit the government's ability to cut borrowing in the near term

Revamping the IBC

Faster insolvency resolution is crucial

Before last pre-general election Budget, PM convenes Council of Ministers

In 2023, this will be the first meeting of the Council of Ministers of the Modi government

Chexit, in parts: Reshoring, friend-shoring and billions of dollars in sops

Good or bad, India's current policy thrust on PLIs, capital subsidies, etc, is in line with the East Asian trend, if not global, notes T N Ninan

Retail inflation for rural workers eases to 6.6% in Dec on low food prices

Retail inflation for farm and rural workers sequentially eased to 6.38 per cent and 6.6 per cent, respectively, in December 2022, mainly due to lower prices of certain food items. "Point-to-point rate of inflation based on the CPI-AL (consumer price index for agricultural workers) and CPI-RL (rural workers) stood at 6.38 per cent & 6.60 per cent in December 2022 compared to 6.87 per cent & 6.99 per cent, respectively, in November 2022, and 4.78 per cent and 5.03 per cent, respectively, during the corresponding month (December 2021) of the previous year," a labour ministry statement said. Similarly, it stated that food inflation stood at 5.89 per cent and 5.76 per cent in December 2022 compared to 6.19 per cent and 6.05 per cent, respectively, in November 2022. It was 2.99 per cent and 3.17 per cent, respectively, during the corresponding month of the previous year. The all-India Consumer Price Index Number for Agricultural Labourers for December 2022 remained stationary at ...

Budget 2023: Salaried class wants higher tax-free slab as inflation bites

From a tax-free slab of Rs 5 lakh to a higher exemption limit under Section 80C, here is what experts are hoping for in Budget 2023

Why PM Modi can shrug off Rahul Gandhi's populist challenge, for now

Even with a bumper tax harvest the federal government will just about meet its targeted budget deficit of 6.4% of gross domestic product for the fiscal year that ends on March 31

Union Budget 2023: MSME sector seeks access to credit at affordable rates

PLI schemes, quick access to funding, and expansion of exports are some of the key areas that the sector is looking forward to

Belying slowdown fears, Indian economy's animal spirits move to the right

Prices of finished products rose as firms passed on higher input costs and business expenses

How bike taxis can ease urban mobility woes and boost the economy

Bike taxis provide affordable and flexible first-and last-mile connectivity solutions, can generate huge employment opportunities, boost the local economy, and reduce pressure on public transport

Rupee opens at 81.45 per dollar as growth fears hit risk sentiment

The local currency on Tuesday climbed 0.6%, likely helped by dollar debt inflows, according to traders

WEF 2023: India to become a $26 trillion economy by 2047, says EY report

The report says India is most likely to overtake Germany and Japan to become the third-largest economy after China and the US by 2030

Overtaking China

New population estimates have wider implications

India Budget to balance capex, social agenda, says Nomura's Sonal Varma

"India will have the benefit of lower subsidy bills, helped by a fall in international fertilizer prices and a readjustment of the nation's free food program," she said

Top headlines: RIL's green hydrogen biz, Sebi moots ASBA-like system

Business Standard brings you the top headlines at this hour

Big states lag on capital expenditure front despite Centre's support

Economists say many poll-bound states chose to focus on scheme and subsidy spending

Exports slide 12% on recession fears; trade deficit widens to $23.76 bn

Imports last month also contracted 3.46 per cent to $58.24 billion, amid falling commodity prices

WPI inflation cools to 22-month low of 4.95% in Dec as food prices fall

In November 2022, wholesale price inflation stood at 5.85 per cent. In December 2021, it was at 14.27 per cent