Thursday, 9 February, 2023
TopicIndian Economy

Topic: Indian Economy

India allows rice exports backed by already issued letters of credit

On 8 Sept, India banned exports of broken rice & imposed a 20% duty on exports of various grades as it sought to boost domestic supply & calm local prices.

Govt should stop ‘chasing high divestment targets’, says finance ministry official

The finance ministry official says to focus on privatisation of state-run companies instead, pointing to market volatility and investors' shaky appetite for risk.

RBI’s policymakers divided on future path of rate hikes, meeting minutes show

In minutes of its September meeting, RBI Governor Shaktikanta Das wrote the MPC needs to remain 'watchful and nimble', based on incoming data and evolving conditions.

Sitharaman foresees energy price & availability as India’s biggest short-term challenges

Finance Minister Nirmala Sitharaman notes that if natural gas goes beyond the country's means, they will have to revert to coal.

IMF cuts India’s growth forecast to 6.8% from 7.4% for 2022

The IMF in July had projected a gross domestic product growth of 7.4 per cent in the year starting April 2022. In January, it had predicted 8.2 per cent.

Where’s the middle? India needs more midsize companies for economy to grow

A new generation of fast-growing startups and midsize firms will have to play a critical role in India’s quest to become a middle-income country.

Is India shining again? Why flashing victory sign too soon is a perilous national trait

Victory has been declared in all kinds of areas, from the quality of our airports to vaccination numbers. But there is also much that is wrong, much that looks dangerous.

India’s current account deficit widens to 2.8% of GDP in Q1, highest in nearly 4 years

RBI data shows that India's CAD was around $23.90 billion in the first quarter of FY-22/23. Following the rising prices of commodities globally, the trade deficit also has been affected.

When economics defeated ideology in India and the three men behind it

In 'Reform Nation', ORF vice president Gautam Chikermane calls the 1991 reforms 'economic in expression but political in stance'.

Fitch Ratings cuts India’s growth forecast to 7% from 7.8% for FY23

The rating agency said the world GDP will grow by just 1.7 per cent in 2023, 1 percentage point lower than previous estimates.

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.