Page 69 - Indian Economy

Govt needs to clarify whether it wants oil price control or exports

The consequences of such confused messaging were felt in the lack of bidders for BPCL, forcing Delhi to abandon efforts to privatise the refiner

Railways may scrap new dedicated freight corridors, enhance existing ones

Railways new assessment will delay DPR of new corridors by 5 months

Heatwaves may make India's inflation problem worse, hurt growth: Moody's

Over the longer term, India's highly negative credit exposure to physical climate risks means its economic growth will become more volatile

More people fly in India, recreation visits dip as Covid-19 cases slow down

Trains carried more goods and power generation increased, weekly data shows.

Consistent trade policy

Ad hoc tariffs and duties must be avoided

Eight years on

India must protect macroeconomic stability

Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das

The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June

Centre reduces excise duty on petrol by Rs 8/ltr, diesel by Rs 6/ltr

Inflation bites exchequer as move will reduce FY23 revenue by Rs 85,000 cr

The LIC way or the Air India way: A tale of two suboptimal paths

One path waits for the company to go bankrupt while the other continues to subject it to government whim, writes T N Ninan

Top Headlines: IMF's prediction, GST Council recommendations, and more

The International Monetary Fund (IMF) has "corrected" an error in its calculations to now project that India would become a $5-trillion economy by 2026-27

IMF 'corrects' maths, says India to be $5-trillion economy by FY27

CEA disputed IMF's earlier projections that showed goal to be achieved by 2028-29

Govt considers allowing wheat shipments trapped at ports, says report

New Delhi banned wheat exports on Saturday, as an intense heat wave hit output and domestic prices hit a record high

India's economic growth likely to be robust at 8.9% in FY23: FM at NDB

Nirmala Sitharaman also expressed confidence that India will continue to achieve a high growth rate in the next financial year as well

India, fastest-growing major economy, projected to grow 6.4% in 2022: UN

India's growth contrasts with the global growth rate that is forecast at 3.1 per cent this year and the next, according to the report

S&P cuts FY23 India growth forecast to 7.3% on inflation, Ukraine war

S&P Global Ratings on Wednesday cut India's growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on rising inflation and the longer-than-expected Russia-Ukraine conflict. In its Global Macro Update to Growth Forecasts, S&P said inflation remaining higher for long is a worry, which requires central banks to raise rates more than what is currently priced in, risking a harder landing, including a larger hit to output and employment. S&P had in December last year pegged India's GDP growth in the 2022-23 fiscal, which began on April 1, 2022, at 7.8 per cent. The growth projection has been cut to 7.3 per cent for the current fiscal. For the next fiscal the growth has been pegged at 6.5 per cent. "The risks to our forecasts have picked up since our last forecast round and remain firmly on the downside. The Russia-Ukraine conflict is more likely to drag on and escalate than end earlier and deescalate, in our view, pushing the risks to the downside," ..

Govt mulls extending April GST payment deadline; asks Infosys to fix glitch

As taxpayers face technical glitch on the GST portal, the government on Tuesday said it is considering extending the April tax payment deadline and has directed Infosys for early resolution of the problem. The Central Board of Indirect Taxes and Customs (CBIC) said a technical glitch has been reported by Infosys in generation of April 2022 GSTR-2B and auto-population of GSTR-3B on portal. "Infosys has been directed by Govt for early resolution. Technical team is working to provide GSTR-2B & correct auto-populated GSTR-3B at the earliest," the CBIC tweeted. GSTR-2B is an auto-drafted Input Tax credit (ITC) statement which is available to every GST registered entities based on the information furnished by their suppliers in their respective sales return form GSTR-1. GSTR-2B statement is usually made available to businesses on the 12th day of succeeding month, based on which they can claim ITC while paying taxes and filing GSTR-3B. GSTR-3B is filed in staggered manner between 20th, .

WPI inflation hits 15.08% in Apr, in double-digits for 13th straight month

Wholesale price inflation rate is now in double digits for 13 consecutive months.

Speed of connectivity will determine growth of country, says PM Modi

Prime Minister Narendra Modi on Tuesday said that the connectivity speed will now determine the growth and development of the country.

Financial conditions ease in April; external headwinds to weigh: CRISIL

Major central banks likely to increase pace of tightening to combat inflation; US Fed has already raised its policy rate twice until May, and S&P expects five more hikes in 2022

WEF 2022: What does 'global debt' mean and how high is it at present?

The current debt wave is the world's fourth since 1970, the World Bank says