Page 22 - Indian Economy

Railways on divergent tracks: Gap between forecasts and reality is widening

The gap between forecasts and reality is widening for India's largest public-sector operator

India among top 5 economies for ease of starting new business: Survey

As many as 83 per cent believe that there are good opportunities to start a business in their area - second globally

Consumer confidence showing gradual improvement, says RBI survey

The survey also covered employment scenarios, overall price situation and own income and spending from 5,387 households across these cities

Top headlines: Das says cryptos have no underlying value; M&M Q3 net surges

Here are the top headlines on Thursday

Capital gains tax regime needs to be tweaked: Revenue secretary Tarun Bajaj

Revenue secy says rates and holding periods should be streamlined

Budget 2022: Some musings

The worrisome issue of fiscal consolidation remains a major concern

Lion's share of unspent balances is with social sector ministries: CGA data

Merely bumping up money to spend will not lead to faster utilisation; CGA has identified a host of reasons for balances lying idle, not least of which is the pandemic

Top headlines: 'OMCs' margins to improve'; 1st phase of UP polls tomorrow

Here are the top headlines on Wednesday

FY23 capital outlay plan for CPSEs projected to dip 1.21% year-on-year

Govt to shift part of CPSEs debt to itself as it infuses more equity

Union Budget capex not as high as it sounds: Crisil Research

Amid FY23 Union Budget's focus on investments, leading domestic credit rating agency Crisil on Wednesday said that the capital expenditure is "not as high as it sounds". It, however, was quick to add that considering that governments usually tend to cut capex during a crisis, the government has maintained its focus on growth-spurring initiatives amid the pandemic. The research wing of the agency said, if one excludes the Rs 1 lakh crore of loans to states for capex included in the headline figure of Rs 7.50 lakh crore or 2.91 per cent, the actual spend in FY23, will go down to 2.58 per cent of GDP, which is barely at par with the revised estimate of FY22. The report also pointed out that the overall number showing a rise has been 'offset' through a reduction in internal and extra budgetary resources (IEBR), which funds capex of central public sector enterprises (CPSEs). IEBR has been budgeted at 1.82 per cent of GDP for the next fiscal, much lower than the pre-pandemic average ...

Cost of annuity projects: A new risk has emerged in govt's financials

This favoured route for financing roads is gaining traction for other infrastructure projects but could result in unsustainable liabilities for the government

Little fiscal headroom for govt to respond to future shocks: Fitch

Rating agency says it revised Outlook on India's rating to Negative from Stable in June 2020, partly due to its assumptions about pandemic impact on public finance metrics

It's time to formalise the normalisation process: Part 2

MPC's stance should remain accommodative till growth is secured, and future actions should be data-driven. But for now, reverse repo rate should be hiked by at least 20 bps

Keeping eye on global inflation pressure, says FM Nirmala Sitharaman

'Global price of fuel is now a concern for all of us', FM said

Budget: Growth-oriented, protectionist

The Budget aims to boost economic growth and create more employment and entrepreneurial opportunities through substantial increase in capital expenditure for building infrastructure

Sliding statistics standards

Govt must make data more timely, comparable and accessible

Union Budget 2022-23 aimed at making India future-ready: Piyush Goyal

Speaking at a public function to explain the nuances of the Union Budget in Mumbai today, the Minister said "the budget should be seen as an exercise in continuity to make India future-ready".

Best of BS Opinion: The optimistic scenario, New battle for KCR, and more

Here are the top BS Opinion articles of the day

Weak fiscal strength to remain key credit challenge for India: Moody's

Agency says it may be challenging for govt to push through material revenue reform given general elections that need to be held by mid-2024, as well as various state elections before then

Low tax rate has a sunset date, says Revenue Secretary Tarun Bajaj

'I will not be surprised if, in the current year, my tax-to-GDP ratio is the highest-ever for direct and indirect taxes taken together', he said