Economy

India's Policy Rate Hike Cycle To Be Shallower Than US: Ratings Body

India's Policy Rate Hike Cycle To Be Shallower Than US: Ratings Body

Asian News International | Monday June 27, 2022, New Delhi

Aiming to view to addressing high inflation in the US, America's central bank has recently hiked policy rates by a steep 75 basis points

Are Inflation Prospects Tapering? Bad News Is Now Good News For Markets

Are Inflation Prospects Tapering? Bad News Is Now Good News For Markets

Edited by Rahul Karunakar | Sunday June 26, 2022

Global markets: Bad news for the financial markets now appears to be quickly turning into good news.

Cannot Have 'Intolerable Growth Sacrifice' To Tame Inflation: RBI Member

Cannot Have 'Intolerable Growth Sacrifice' To Tame Inflation: RBI Member

Edited by NDTV Business Desk | Sunday June 26, 2022

Reserve Bank of India Monetary Policy Committee (MPC) member Jayanth Varma said there should not be 'intolerable growth sacrifice' to tame inflation abruptly.

India Aims To Dominate Global Market In All Industries, Says Piyush Goyal

India Aims To Dominate Global Market In All Industries, Says Piyush Goyal

Press Trust of India | Saturday June 25, 2022, New Delhi

Union Minister Piyush Goyal said India would "very soon" become a $30 trillion economy from the current $3 trillion level.

Why Margin Calls And Bot Liquidations Are Roiling Crypto

Why Margin Calls And Bot Liquidations Are Roiling Crypto

Olga Kharif, Bloomberg | Saturday June 25, 2022

Its a vicious circle long familiar to those in traditional finance: trades made with borrowed money coming apart when the value of their collateral put up against the loans drops, forcing liquidations that in turn push prices down further.

Global Stocks' Gains Sharp For The Week On Tempered Inflation Outlook

Global Stocks' Gains Sharp For The Week On Tempered Inflation Outlook

Edited by Rahul Karunakar | Saturday June 25, 2022

A recent decline in commodity prices allayed concerns about inflation and the prospect of rate hikes, causing stocks on international markets to surge on Friday and post significant gains for the week.

Maharashtra Ministerial Delegation Meets Foxconn Chief, Discusses Investment Plans

Maharashtra Ministerial Delegation Meets Foxconn Chief, Discusses Investment Plans

Edited by Animesh Singh | Friday June 24, 2022

A high-powered delegation from Maharashtra led by Industries Minister Subhash Desai met electronics manufacturer Foxconn's chairman Young Liu

RBI Charts Out Plan For IT Services Outsourcing By Banks

RBI Charts Out Plan For IT Services Outsourcing By Banks

Asian News International | Friday June 24, 2022, New Delhi

Regulated entities have been extensively leveraging IT and IT-enabled services to support their business models and services offered to customers

Retail Inflation May Exceed Top Of RBI Band Until December: Shaktikanta Das

Retail Inflation May Exceed Top Of RBI Band Until December: Shaktikanta Das

Reuters | Friday June 24, 2022, Mumbai

India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said in an article in the Times of India on Friday.

Your Markets Roundup After The Opening Bell: Global Stocks Up

Your Markets Roundup After The Opening Bell: Global Stocks Up

Edited by Rahul Karunakar | Friday June 24, 2022

Investors on Friday increased their bet that central banks would reign in inflation, sending stocks and bonds on their way to their first weekly gains in a month, but growth concerns hurt commodities.

No Further Fuel Excise Duty Cut To Help Government Meet Fiscal Deficit Target: Report

No Further Fuel Excise Duty Cut To Help Government Meet Fiscal Deficit Target: Report

Press Trust of India | Thursday June 23, 2022, Mumbai

Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices

GST Council Meet: States To Push For Compensation Beyond June

GST Council Meet: States To Push For Compensation Beyond June

Press Trust of India | Thursday June 23, 2022, New Delhi

To meet the shortfall in the GST compensation fund, the Centre has borrowed and released to states Rs 1.1 lakh crore in 2020-21

India's Engineering Exports Rose 13.5% In May, US Emerges Top Buyer

India's Engineering Exports Rose 13.5% In May, US Emerges Top Buyer

Asian News International | Thursday June 23, 2022, New Delhi

Exports of engineering goods from India surged by 13.5 per cent to $9.79 billion in May 2022 from $8.62 billion recorded in the same month last year

India Cannot Cut Budget Deficit This Year As Per Plan: Report

India Cannot Cut Budget Deficit This Year As Per Plan: Report

Reuters | Thursday June 23, 2022

India's government won't be able to cut its budget deficit in the current fiscal year as previously projected, officials said, but will seek to cap the shortfall at last year's level to prevent a major deterioration in public finances.

Government Removed 32,000 Unrequired Compliances: Prime Minister Modi

Government Removed 32,000 Unrequired Compliances: Prime Minister Modi

Edited by Animesh Singh | Thursday June 23, 2022

Prime Minister Narendra Modi on Thursday said that Government has removed over 32,000 unnecessary compliances