Thursday, 9 February, 2023
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MacroSutra

RBI’s digital rupee concept has many pros, but also some risk to India’s financial stability

CBDCs have the potential to lead to greater financial inclusion, but a concept note issued by the Reserve Bank of India also rightly places emphasis on consumer protection.

Real estate, IT, gig jobs, MNREGA: Making sense of India’s roller-coaster unemployment crisis

Employment in India rose from 394.6 million in August to 404.2 million in September, and while the numbers are still below pre-Covid levels, the increase is encouraging.

India’s falling forex reserve isn’t a worry for now, but RBI has a tightrope walk ahead

With US Fed hiking rates, RBI might be pushed to increase its own rates to slow simultaneous fall of rupee & India's forex reserves. But this could also hurt economic growth.

Bank credit has bounced back, but rising interest rates & inflation can be new hurdles

Despite rising interest rates, bank credit growth rose to a nine-year-high last month. While credit to MSMEs has shown consistent double-digit growth, it’s large industries that have really helped.  

Why volatile food prices will keep the heat on India’s consumer inflation level this year

Lower rainfall in some parts of the country is expected to keep food prices elevated in the coming months. Which means inflation will be above 6%.

Falling exports, rising imports show why India has to look within to push growth for now

Boosting competitiveness is the key to enhancing exports. Inflation remains an issue but RBI should allow the rupee to gradually depreciate.

Don’t sneer at 13.5% GDP growth. But consumption, investment critical in future quarters

Q1 GDP numbers show uneven recovery and pace of growth is likely to moderate due to global headwinds and mixed monsoon.

Chinese economy has been hit by a perfect storm: Property shock, Zero Covid, climate, Taiwan

The world's second largest economy is in crisis, hit by lockdowns, impaired supply chains, slump in real estate sector and geo-political tensions.

Why consumer confidence is on the rise in India & how this optimism can be sustained

CMIE’s consumer sentiments & RBI’s consumer confidence indices show improvement. If initial signs of inflation easing are sustained, consumer confidence will see marked turnaround.

Why are Bihar, Punjab, Rajasthan fiscally stressed? Every state has its own root cause

Bihar has lowest own tax revenue, Punjab high committed expenditures, while Rajasthan has deviated from fiscal deficit target. Such states need to balance vote bank & fiscal prudence.

On Camera

YourTurn

File photo of smog in Delhi. Some doctors have called air pollution a bigger threat than Covid-19.| Photo: Suraj Singh Bisht | ThePrint

Air quality is better but not enough to banish air purifiers. Here are options for your room & car

What’s the solution for people who cannot leave Delhi? Air purifiers from Dyson's expensive range to Xiaomi's affordable ones can be of help.

NFRA to conduct audit quality inspections of five audit firms

New Delhi, Nov 16 (PTI) The National Financial Reporting Authority (NFRA) will carry out audit quality inspections of five audit firms, including the...

Defence

The Defence Services Staff College in Wellington | Image credit: dssc.gov.in

In a first, six women officers to enter prestigious Defence Services Staff College

As many as 15 women appeared for the examination, out of which six were selected, including one who has made it to the course along with her husband. 

Why military is more for asserting political will, not just about controlling territory

No matter what tactics, doctrine, or weapon system is used, the objective of any war is to control territory, argues Gen. MM Naravane (retd). But it's politics that matters most.