Farmer groups in India have been protesting against three farm bills introduced in September, with heightened agitations held on the country’s Republic Day. The laws were aimed at bringing in reforms in the agriculture markets and boost farmer incomes. However, the farmers’ contention has been that the new rules would make it easier for corporations …
The recent Union budget proposed plans to target a fiscal deficit of 6.8 percent of the Gross Domestic Product (GDP) for the coming financial year 2021-2022 and consequently reduce it to 4.5% by financial year 2025-2026. For a developing country like India, the proposed deficit targets seem far from liberal. While the government projects a …
In opening trade on February 12, the rupee gained by 10 paise to touch 72.77 against the US dollar. The rupee hit a near one-year high as it touched 72.65 against the US dollar a day before. So, what does the strength of the rupee mean to the markets? If you have noticed past INR …
The markets have largely maintained their bullish run over the past several months, although there have been some corrections and breathers from time to time. The announcement of the retail inflation touching a 16-month low in January is expected to sustain positive sentiment in the market. Early trading on February 15, Monday, already shows the …
An Overview For the second month in a row, the August PMI statistics indicated an improvement in overall operating conditions. A number above 50 indicates expansion, whereas a score below 50 indicates contraction. “The Indian manufacturing sector continued to rebound in August, although growth slowed as demand showed symptoms of contraction due to the epidemic. …
Even as India’s GDP growth data for the first quarter of the fiscal has come in, the country’s chief economic adviser (CEA) K V Subramanian has noted that the numbers reinforce the government’s stance that a V-shaped recovery is on the cards. A V-shaped recovery is a term used to describe a sudden decline of …
Surge in GST Collection The Goods and Services Tax (GST) collection hit rupees one lakh crore in August, up by around 30 percent year-on-year, indicating a strong resurgence in commercial activity following the second wave of the pandemic outbreak. Even when compared to August revenues of 98,202 crore in 2019-20 [a non-pandemic year], this is …
Indian companies have altogether raised more than US$3.43 billion via ECB (external commercial borrowings) in July 2021. According to data from the RBI, Indian companies had borrowed US$2.15 billion in July 2020, so there’s a 60% increase in ECB from last year. A total of US$3.03 billion from borrowings in July 2021 was derived from …
