ECONOMY


Dr TV Gopalakrishnan 07 October 2024
Low inflation is the key to ensuring fast, equitable economic development and welfare for all.   Control high inflation, bring down the cost of living and cost of production, reduce inequality and realise the dream of the nation to be the most advanced economy by 2047. High inflation kills...

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Investors worldwide are positioning themselves for a stock market surge, encouraged by signals from the US Federal Reserve that it will soon begin cutting interest rates. After all, the conventional belief is that stocks rise when the Fed cuts rates. Expectations of a 0.5% cut at this month's...

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Sneha Richhariya (IndiaSpend) 09 September 2024
In Peeliya village, around 2 km off the main road in Bassi tehsil of Jaipur district, lies a 27-bigha (about 17-acre) farmland--roughly the size of Bengaluru's Chinnaswamy cricket stadium. The owner Kajodmal Sharma guides me through a mud-soaked trail, now slick and treacherous after a day of...

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Varsha Torgalkar (IndiaSpend) 04 September 2024
In a typical year, Savitra Thadke, 50, and her husband work as sugarcane cutters at farms in Sangli or Kolhapur in western Maharashtra from October to March-April. In the summer months of April-June, they work as agricultural labourers in their village, Chopdyachiwadi in the Georai taluka of...

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Moneylife Digital Team 03 September 2024
The World Bank has increased its growth forecast for India's financial year 2024-25 to 7%, revising it from the previous estimate of 6.6%. This adjustment highlights the impressive performance of the Indian economy, which led major economies with an 8.2% growth rate in FY23-24 says a report...

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Moneylife Digital Team 30 August 2024
In a significant policy development that aims to enhance ethanol production and support sustainable energy initiatives, the Union government of India has allowed sugar mills to utilise cane juice and syrup for ethanol production for the upcoming 'ethanol supply year' (ESY) 2024-25, starting 1...

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Moneylife Digital Team 29 August 2024
The Indian government has unveiled a new regulation, the draft 'Sugar (Control) Order, 2024,' which will permit the sale of raw sugar in the domestic market, effectively replacing a six-decade-old rule that restricted this commodity to exports only. Released on 22 August, 2024, by the ministry...

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The Finance Bill 2024 had proposed the removal of indexation for all capital assets.    The implications of the change were earlier commented upon in this column on 28 July 2024.   One of the points highlighted in the article was that the change, inter alia, hit hard the investments made in...

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Nushaiba Iqbal (IndiaSpend) 16 August 2024
A rise in prices of potato, onion and tomato led to a 9% increase in grocery bills for a family of four compared to the previous month, according to our analysis of government price data. Prices of meat and dairy products like curd and paneer were not included in the analysis, which makes these...

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Moneylife Digital Team 08 August 2024
The monetary policy committee (MPC) of Reserve Bank of India (RBI) on Thursday decided to maintain the status quo on the repo rate, the central bank's rate for short-term loans to banks, unchanged at 6.5%. Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25% and the...

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Prachi Salve (IndiaSpend) 05 August 2024
Unable to eat, and depending solely on oral rehydration solutions, Ahmed* (40) spent the last 15 days of his life hoping to get an endoscopic procedure at the All India Institute of Medical Sciences (AIIMS) in Delhi, 350 km away from his hometown in Farrukhabad, Uttar Pradesh. He died on July...

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On 4th June,  the Lok Sabha election results shocked the market and jolted the ruling Bharatiya Janata Party. But the market was perturbed for barely two hours. By noon, stocks started recovering and, within a week, surpassed the all-time high it had hit just before the election results. A...

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Moneylife Digital Team 26 July 2024
While endorsing enhancement in the asset quality of banks, led by improved borrower selection, more effective debt recovery and heightened debt awareness among large borrowers, the Economic Survey says since the inception of the Insolvency & Bankruptcy Code (IBC) in 2016, underlying defaults...

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(I apologise in advance if the use of this old Biblical analogy hurts anyone’s feelings, but honestly, I cannot think of a more appropriate phrase.)   Privatisation of public sector units (PSUs) is the government’s stated policy.    Policies are usually contested and this one is no...

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Union finance minister (FM) Nirmala Sitharaman, starting with the continuing global uncertainties and India’s continued economic resilience, chose to deviate from the path of economic transition to Viksit Bharat to a path of least resistance. It reflects the compelling political necessity....

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Nileena Suresh (IndiaSpend) 25 July 2024
This year, the Union government allocated Rs 3.27 lakh crore or 6.8% of total expenditure under the gender budget, which includes schemes for the welfare of women. This represents a 19% increase compared to the revised estimate for 2023-24 and is also 5% higher than the interim budget for...

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Moneylife Digital Team 23 July 2024
Finance Minister Nirmala Sitharaman presented the Union Budget for FY24-25 in Parliament on Tuesday, the first full Budget of prime minister (PM) Narendra Modi's third term. The Budget focused on nine key priorities aimed at generating opportunities for all sections of society.    The FM...

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Moneylife Digital Team 23 July 2024
Despite the global economy remaining under the grip of policy uncertainties, India's economic growth continues to be the shining exception and will remain so in the years ahead. Union minister of finance and corporate affairs Nirmala Sitharaman, while presenting the Union Budget FY24-25 in...

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Moneylife Digital Team 22 July 2024
The Economic Survey for FY23-24 tabled in Parliament by Union minister for finance and corporate affairs Nirmala Sitharaman, conservatively projects a real gross domestic product (GDP) growth of 6.5%–7% in FY24-25, with risks evenly balanced, cognisant of the fact that the market expectations...

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Moneylife Digital Team 22 July 2024
The services sector continues to be a significant contributor to India's growth, accounting for about 55% of the total size of the economy in FY23-24, according to the Economic Survey. The significant domestic demand, rapid urbanisation and expansion of e-commerce platforms generated heightened...

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