Soumya Kanti Ghosh

Day after Q1 GDP data, a spate of forecast cuts by banks, institutions

Moody's cut its forecast to 7.7%, from 8.8%, citing dampening economic momentum in the coming quarters on rising interest rates, uneven monsoon, and slowing global growth

States gained Rs 49k crore when fuel prices rose, have room to cut VAT: SBI

States gained Rs 49,229 crore from VAT revenue on fuel when oil prices were increasing and will forego Rs 15,021 crore now that excise duty on fuel has been cut, SBI Research said in a report

'Pandemic paradox': Cash was king in 2020 as digital transactions increased

Experts cite hoarding as reason for 22% spike in currency in circulation

SBI Research ups projections for economy, narrows GDP contraction to 7.4%

Deloitte says recovery depends on vaccine, spread of Covid cases

Bank lending expanded by over Rs one trillion in Sept: Soumya Kanti Ghosh

Overall credit that month was Rs 71,500 cr from a negative Rs 36,000 cr in August. Hence, effectively credit jumped by Rs 1.07 trillion in Sept, says SBI's chief economic advisor

Move to raise legal marriage age of women will see big gains: SBI report

While the mean female marriage age in India is already above 21 years, about 35% of are married before then, with the current legal limit at 18 years, according to SBI

MPC minutes show panel's hawkish turn on inflation, sovereign bonds decline

The yield on the new 5.77% 2030 bond rose five basis points to 6%, after gaining 18 basis points in the previous two weeks

Unlock BFSI 2.0: Rural India revival difficult to sustain, say economists

It is a misconception that all of rural India is doing well amid the outbreak of Covid-19, said Pronab Sen

Debt raising brings respite but financial condition is fragile: Economists

Taking advantage of low rates overseas and relatively relaxed norms by the Reserve Bank of India (RBI), Indian companies are lining up to raise resources abroad

E-way bills in May treble from April levels; Still behind pre-March levels

This indicates that GST revenue for May, but collected in June, could recover after reporting a close to 85% shortfall in April vis-a-vis last year

FM's Day 2 package: Govt's immediate fiscal cost will be close to Rs 10K cr

The direct spending by the centre, on Thursday's announcements will include Rs 3,500 crore that the centre will spend on providing free foodgrains to 80 million migrants

Lockdown extension: Put cash in hands of poor, Chidambaram tells govt

PM Modi said that the fight against Covid-19 could be successful only if the citizens cooperate and maintain the discipline

Covid-19: Shoring up states financial muscle in times of a crisis

According to the RBI's indicative calendar for borrowing by the states in the April-June quarter, they are expected to borrow Rs 1.27 trillion

India's GDP growth at 4.7% in Dec quarter, marginal improvement over Q2

FY20 growth projections retained at 5% in the second advance estimates. The official Q3 GDP data showed that the impact of a global slowdown and weak manufacturing continued to weigh on the economy

Gold prices unlikely to come down in near future, says SBI advisor

The prices were ruling at around Rs 39,000 per 10 gram on this Dhanteras, as against Rs 32,690 per 10 gram on the same day in 2018.

Govt adopts a new approach to bring reforms in public sector banks

FinMin has asked govt-owned banks to capture 42 questions on credit, non-performing assets, Mudra loans, agriculture

We may have just leapfrogged the impact of note ban: Soumya Kanti Ghosh

Interview with chief economic advisor of SBI

Soumya Kanti Ghosh: Why unlearning is important

When a point of view is unsubstantiated by data, it becomes a sort of repetitive analysis

Soumya Kanti Ghosh: Grappling with demonetisation windfall

The government must spend the funds on activities like infrastructure development. There is nothing wrong in this -in fact, there is precedent for this type of spending and the government and the regulators can take solace from that

Soumya Kanti Ghosh: Demonetisation and note burning

If demonetisation is carried out over periodic intervals without prior intimation, people would be discouraged to hold cash