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Sunday, March 29, 2020

Indian economy


Coronavirus impact: RBI cuts repo rate by 75 bps to 4.4%, reverse repo cut by 90 bps to 4%

March 27, 2020 5:25 pm

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) which met on March 24, 26 and 27 had a majority of 4-2 towards the favour of a 75 bps repo rate cut.

Finance Minister to announce economic package soon to deal with coronavirus impact

March 26, 2020 12:46 pm

The announcement is expected to take place at 1 pm on Thursday, an official said without giving any specific details.

On table: Cash transfers for unorganised workers, 7 kg subsidised grain per person

March 26, 2020 10:21 am

While the government may use money available with certain labour welfare funds, a limited fiscal space would be its biggest constraint.

Experts peg India's cost of coronavirus lockdown at $120 billion

March 25, 2020 3:10 pm

Prime Minister Narendra Modi announced a three-week complete lockdown of the country to prevent the spread of the coronavirus infections in the country.

Coronavirus impact: Fitch cuts India growth forecast to 5.1% for FY 2020-21

March 20, 2020 10:25 am

In its Global Economic Outlook 2020, Fitch said the number of people affected by coronavirus will keep rising in the coming weeks but that the outbreak will remain contained.

Electoral priorities dominate the budgets of five key states facing Assembly polls

March 19, 2020 5:25 am

Apart from the wide geographical variation, these states also represent wide variation in terms of the political parties ruling them — from the Left Front government in Kerala to the right-wing Bharatiya Janata Party in Assam.

States spend 5% of their money on healthcare; 15% on education

March 19, 2020 10:32 am

In 2017-18, Assam, Kerala and Chhattisgarh spent most in excess of the national average on both sectors. In sharp contrast, Haryana and Punjab spent lower than national average on both counts.

Potemkin Budgets: The state of state finances

March 19, 2020 5:19 am

Be it raising revenues or spending money, there is wide gap between what states promise to do in any given year and what they actually do.

17 state budgets, 1 story: Stressed fiscal, deep cuts in expenditure

March 19, 2020 11:08 am

All states, barring Assam, found their revenue receipts plummet through the current financial year. Bihar, for instance, saw its revenue receipts fall by around Rs 25,500 crore — roughly a fall of 14 per cent over the Budget Estimates.

Rising uncertainty

March 13, 2020 11:26 pm

Insecurity over coronavirus and its economic fallout will continue to weigh on markets. Prepare for turbulence ahead.


Postcards of Change: Transforming cities take centrestage

February 11, 2014 7:20 pm

Indian cities are yet to get the attention they deserve despite their role as the growth engines of the economy.


‘Think of it the other way, not about govt raiding RBI, but how RBI could have behaved differently’

December 23, 2018 6:21 pm

In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.

'For the first time we have a majority govt. If some hard decisions have to be taken, they must be announced now'

October 22, 2018 2:05 pm

Former governor of Reserve Bank of India Bimal Jalan talks about how he addressed the issues of transparency and accountability in financial transactions and governance in his new book, India Ahead: 2025 and Beyond.

No need for 'exaggerated panic' among investors: Jaitley

February 12, 2016 11:55 am

New Delhi, Feb 12 (ANI): As the Bombay Stock Exchange (BSE) Sensex plunged around 800 point on Thursday, Finance Minister Arun Jaitley on Friday came out to calm the investors, saying that there was no need for an 'exaggerated panic' among investors. Jaitley emphasised that the investors should keep in mind the inherent strength of the Indian economy while investing. He added that the Government is fully committed to empower and support public sector banks by providing whatever capital requirements is required, adding that the problem of recovering bad loans from the borrowers will soon be ended.