Page 19 - Indian Economy

Covid-hit FY21: Demand shrinks all across, save food and household services

Biggest blow felt by restaurants and hotels, followed by clothing, footwear, transport and alcoholic beverages; surprisingly demand for health services also contracted

Best of BS Opinion: Alternative growth path, onerous disclosures & more

Here are the best of BS Opinion pieces of the day

Centre likely to miss national monetisation target for next fiscal

For FY22, the railways had lined up projects worth around Rs 17,810 crore for monetisation

Ukraine crisis: Crude oil surge a challenge to financial stability, says FM

Brent crude prices shot up to $99.1/barrel from $96/barrel on Monday after the Russia-Ukraine crisis deepened, but it fell to $97.86

Centre may borrow towards cancelled debt auctions, says report

The government had cancelled its last two weekly debt sales worth 240 billion rupees ($3.21 billion) each as global yields surged and as the state had achieved a comfortable cash balance

Govt sanctions four national highway projects worth Rs 4,500 crore

The projects announced by Union Minister Nitin Gadkari pertain to the construction, widening, and upgrade of national highways in Assam, Telangana, Karnataka, and Andhra Pradesh

Vistara to ramp up manpower to 5,000 this year, says CEO Vinod Kannan

The airline, which currently has 50 planes, aims to have 70 planes by the end of 2023 after taking into account some aircraft that will be returned to lessors

Fiscal dominance, growth and inflation

Because of fiscal dominance, growth itself may be necessary for monetary independence and price stability

Alternative growth path

Raghuram Rajan's idea must be debated

India's giving inflation room to grow to boost growth, but that may bite

India's wholesale price index, which tracks goods at factory gates, rose almost 13% from a year earlier in January.

BS Number Wise: Smart City Mission is slow and slipping

Plan to develop 100 urban centres is unable to meet deadlines or fully use funds but keeps adding new projects to its list

India has third-largest ecosystem for start-ups: Nasscom Official

'The number of start-ups is growing significantly in the country with ten per cent being added every year'

India's fuel demand expected to grow 5.5% next fiscal: Govt estimates

India's fuel demand is likely to grow 5.5 per cent in the fiscal year beginning April 1 as economic activity picks up after devastation caused by the pandemic

Need to separate individual from institution: FM Nirmala Sitharaman

Sitharaman is in the country's financial capital on a two-day post-Union Budget customary visit

Health care Budget: Finance secy says it is responsibility of states

According to the budget proposals for FY23, the government is planning to spend about Rs 83,000 crore on healthcare, the same as it did in FY22

Women reluctant to join company boards, says FM Nirmala Sitharaman

The remarks come even as the statutes mandate top 1,000 companies to have at least one independent woman director.

$14 bn remitted by Indians in Apr-Dec as Covid-19 restrictions ease

Travel, studies abroad lead the surge as Covid-19 restrictions ease

Recovery tracker: Retail and recreation visits at record high as cases drop

Improvement in traffic, power generation and other indicators; daily Covid-19 case load below 25,000

Signs of economic recovery

Consumer sentiment has been, by far, the most sluggish economic indicator in the post-lockdown recovery story so far

At 9.2%, India among fastest-growing large economies: Niti Aayog CEO

The Indian economy is growing at 9.2 per cent and is expected to grow at similar rates in the coming years, Niti Aayog CEO Amitabh Kant said on Monday. While referring to the government's production linked incentive (PLI) scheme for sunrise sectors, Kant said it will add USD 520 billion to India's output in the next five years and make India a part of the global supply chain. "Today India is witnessing unprecedented levels of economic development and technological disruptions. The economy is growing at 9.2 per cent and is expected to grow at similar rates in the coming years, making us one of the fastest-growing large economies in the world," Kant said at an AIMA event. The country has taken several measures to maximise efficiency and several reforms have been taken by the government in that direction such as GST, Insolvency & Bankruptcy Code, lowering of corporate taxes, etc, he noted. This will help make India a global manufacturing champion and manufacturing hub, Kant ...