Economy and Finance

News and views related to the Indian Economy and Financial sector

Much ado about nothing: Demystifying the needless hue and cry over the RBI

Nothing justifies this misinformation campaign attempt at political point scoring even though there is no credible point which Congress can harp on to while making those claims.

Farmer loan waivers tell us why Congress has no agenda

Congress had announced a similar farmer loan waiver in 2008 which led it to a victory in the 2009 elections

PM Modi makes a big announcement: 99% items to soon fall under 18% GST slab or lower

"Today, GST system has been established to a large extent and we are working towards a position 99% things would attract the sub- 18% slab", said Prime Minister Narendra Modi

Facts, No Fiction: There’s a new sheriff in RBI

The man who steered the economy through Demonetization, Shaktikanta Das, has been put in charge of the RBI by the Modi government

Amidst speculations over Govt-RBI stand off, Jaitley asks how a mere discussion be considered ‘destruction’ of an institution

Urjit Patel had resigned earlier this week as RBI governor citing personal reasons.
Image Source: Zee News

Industrial production growth at a 11 month high of 8.1% in October, while retail inflation dips to 17 month low

The retail inflation has hit a 17-month low of 2.33% in November as against 3.31 per cent in October as the prices of food items, including vegetables have come down.
Vijay Mallya to be extradited

UK Home Office acknowledges receipt of extradition order against Vijay Mallya

British-Pakistani Home Secretary Sajid Javid will now contemplate on the order of the court and then decide whether further action on extradition should be taken or not.
The Congress ecosystem is sharpening their knives against PM Modi

Has PM Modi sounded the start of slog overs with the new RBI Governor’s appointment?

Shaktikanta Das, who is currently a member of The Finance Commission and Former Finance Secretary (the one who presided over Demonetisation), has been appointed as the new RBI Governor by the Modi government

Modi Sarkar’s performance since 2014: An overview

PM Modi was largely elected on the plank of development and his record speaks for itself.

GST resulted in 5 times increased lending to small businesses- SBI report

The SBI report dismissed the concerns over credit supply to MSMEs as "myth", said that the sector witnessed stupendous loan growth post GST.

The Wire comes up with flawed logic to rubbish new methodology which slashed growth rates of Congress regime

The reasons given by the article by The Wire more amusing as it clearly showed their lack of understanding of data, statistic and above all, of economics.

SC grants clearance for RCom’s spectrum sale to Jio, Rcom to furnish Rs 1400 crore corporate guarantee

Once the corporate guarantee is furnished by RCom, the government is bound to give its NOC for the spectrum sale within a week

Facts, No Fiction: What the rupee does (not) tell us

Rupee does not signal the health of the Indian Economy, however, it is an important indicator as far as the external sector is concerned.

Rupee rises 21 paise against US Dollar, touching a three-month high

The Rupee rose by 21 paise to 69.64 against the US Dollar.

Latest GDP and growth figure revision is based on robust and rigorous methodology

According to the revised GDP numbers released by the government on Wednesday, India’s economic growth under the previous Congress-led coalition government was slower than estimated earlier and was never in double digits.

Insolvency and Bankruptcy Code has led to recovery of Rs. 3 lakh crores of stressed assets in 2 years

More than 9,000 cases have come for redressal under the Insolvency and Bankruptcy Code (IBC) after it became fully operational in December 2016.
Finance Minister Arun Jaitley and RBI governor Urjit Patel

Finance Minister Arun Jaitley puts to rest reports of Government seeking reserves from RBI

Finance Minister Arun Jaitley said that government does not RBI reserve for next 6 months

Facts, No Fiction: Growth prospects of the Indian Economy

One underlying reason for India’s growth to accelerate are the fact that the economy is now well transitioned from the tectonic shifts it went through due to successive reforms.

The Print uses year old data to predict doomsday for BJP in assembly elections

The article by Shivam Vij in question talks about an economic slowdown that is being projected for the year ahead.

Rahul Gandhi and the eternally changing amount of ‘industrialists’ loans waived off’ by Modi

From 1.1 to 3.5 lakh crores, Rahul Gandhi's claims of industrialist's loan waiver just get bigger and bigger.

Demonetisation: Step that kick started the digitisation process and formalised a large chunk of the Economy

The truth of the matter is that if India had to leapfrog into the 4th Industrial Revolution as it is doing today, then the journey would not have been possible without the kickstart of demonetization.

Two years post Demonetisation, a journey towards new India has begun

Demonetisation was an important step in building a culture where tax compliance is a habit. Demonetisation and GST are heralding the New India.

Demonetisation – A step towards ‘Charitra Nirman’

The Khao aur khaane do culture had become a way of life for the nation, and we clearly needed action to control this trend from becoming the ‘only’ way of doing business in India.

SBI registers a profit for the first time after 3 quarters, improves asset quality as well

Slippage ratio has dropped to 2% as well, which is the lowest in 6 quarters.

Media falsely claims that 2 out of 3 chartered accountants don’t pay income tax, here is the truth

The Institute of Chartered Accountants of India has expressed disappointment at misrepresentation of facts by the leading dailies

China agrees to increase imports from India this year, announces Suresh Prabhu

The Indian government announced that trade relations between India and China will increase this year, in 2018.
China wants India to engage and counter together the trade protectionism of US

Speaking against US trade war, China seeks deeper trade ties with India

US president Donald Trump has recently stated that 'India will find out soon' on the probability of US sanctions for buying S-400 air defence system from Russia.
Indian Economy will at 7.3% in 2018-19 fiscal year

Growth in India solidifying, will propel upwards says World Bank

The World Bank predicts 7.3% growth in 2018-19 fiscal year

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