Arvind Panagariya pointed out that even a large economy such as the U.S. has not been very successful with its sanctions either against China or even Russia. | Photo Credit: Shanker Chakravarty Amid demands for snapping trade ties with China for its transgressions on the border, former NITI Aayog Vice-Chairman Arvind Panagariya has opined that […]
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S&P projected inflation to average 6.8% in current fiscal year and RBI’s benchmark interest rate to rise to 6.25% by March 2023. S&P Global Ratings on November 28 cut India’s economic growth forecast for current fiscal year to 7%, but said the domestic demand-led economy will be less impacted by the global slowdown. S&P had in September […]
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Inflation is low compared to other parts of the world, says the Union Finance Minister Inflation is low compared to other parts of the world, says the Union Finance Minister Union Finance Minister Nirmala Sitharaman has said that the Indian rupee is holding ground at a time when dollar has strengthened, asserting that the fundamentals […]
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The global situation continues to be challenging and it is not the right time to throw caution to the winds as yet, she said. The global situation continues to be challenging and it is not the right time to throw caution to the winds as yet, she said. Union Finance Minister Nirmala Sitharaman on August […]
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The ministry said it expects the manufacturing sector to pick up due to lower input costs and festive demand The ministry said it expects the manufacturing sector to pick up due to lower input costs and festive demand The sustained decline in crude oil price since June and the decline in the inflation rate below […]
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Shaktikanta Das said country’s current account deficit will be manageable and the central bank has the ability to manage the gap Shaktikanta Das said country’s current account deficit will be manageable and the central bank has the ability to manage the gap Reserve Bank of India Governor Shaktikanta Das on August 5, 2022 said the […]
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S&P Global Ratings on Thursday said non-performing loans of banks are expected to decline to 5-5.5% of the total advances by March 2024. As per the latest Financial Stability Report published by the RBI, the gross non-performing assets (GNPA) declined to a six-year low of 5.9% in March 2022. “We project the banking sector’s weak […]
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Widespread lockdowns hammer industrial activity, demand; analysts expect full-year growth to lag 5.5% target Widespread lockdowns hammer industrial activity, demand; analysts expect full-year growth to lag 5.5% target China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months […]
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Finance Minister Nirmala Sitharaman while attending the third G20 Finance Ministers and Central Bank Governors meeting hosted by Indonesia in Bali, said evidence-based policy making is vital for resilient economic systems. Finance Minister Nirmala Sitharaman while attending the third G20 Finance Ministers and Central Bank Governors meeting hosted by Indonesia in Bali, said evidence-based policy […]
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Mill’s fourth proposition on capital states that “demand for commodities is not demand for labour.” It was stated by English political economist John Stuart Mill in his famous 1848 book The Principles of Political Economy as one of his four propositions on capital. Mill argued that, contrary to popular belief, labour and other factors of […]
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