ECONOMY


Moneylife Digital Team 05 December 2024
In November, the average cost of a veg thali jumped 7% and non-veg thali increased by 2%, mainly due to an increase in the prices of tomato and potato, which collectively account for about 26% of the thali cost, says CRISIL Ratings.    According to Roti Rice Rate (RRR), CRISIL's monthly...

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Azera Parveen Rahman (IndiaSpend) 25 November 2024
The last quarter of each year is chock-full of festivals—which, traditionally, is when Indians shop for new clothes, spurred on by myriad sales and big discounts.   The textile industry is a vital sector of the Indian economy, contributing 2.3% of the gross domestic product (GDP), 13% of...

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The Indian stock market has experienced a remarkable surge over the past four years, recovering from the depths of despair during the COVID-19 pandemic. The Nifty 50 closed at 8,598 at the end of March 2020, and no one could have predicted the extent of the rebound: a pandemic, the Russian...

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Moneylife Digital Team 21 November 2024
Rating agency ICRA has projected the year-on-year (y-o-y) expansion of India's gross domestic product (GDP) to dip to 6.5% in the second quarter (Q2) of FY24-25 from 6.7% in the first quarter (Q1), with heavy rains and weak margins offsetting the buoyancy injected by the turnaround in...

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Varsha Torgalkar (IndiaSpend) 19 November 2024
Balasaheb Solanki, a 52-year-old farmer from Parbhani district in Maharashtra’s Marathwada region, is keen to cultivate sugarcane, oilseeds and pulses for the rabi season (winter harvest), which begins around November and lasts till late March. But his five acres of land does not have...

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With the Indian economy and markets, if you are too pessimistic, you will miss an opportunity; we saw this starting from the middle of 2022 until now, when growth has been strong across the board and stocks shot up in unison. However, once the cycle has turned, if you start to extrapolate,...

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Moneylife Digital Team 30 October 2024
The Reserve Bank of India (RBI) added another 102MT (metric tonnes) to the domestically held gold in April-September 2024.   In its 43rd half-yearly report on management of foreign exchange reserves, RBI says its foreign exchange reserves as of 18 October 2024 are valued at US$688.27bn...

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What seemed like a one-off issue is starting to look like a trend. Collections from the goods and services tax (GST) fell to 6.5%, its lowest level in 40 months. At 6.5%, it barely tracked inflation which means there was no volume growth. The trade deficit widened to US$29.7bn (billion) in...

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Moneylife Digital Team 16 October 2024
Consumer price index (CPI)-based inflation rose to a nine-month high of 5.5% in September from 3.7% in August on high and volatile prices of vegetables, oils and costlier gold. At the same time, the index of industrial production (IIP) contracted by a slight 0.1% year-on-year (y-o-y) in August,...

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Many people seem convinced that the India is on track to our becoming a developed nation. The untrammelled bullish case is that we have shed the vulnerabilities that were obvious until 2014 when the Indian economic renaissance burst forth. In this view, a steady gross domestic product (GDP)...

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Dr TV Gopalakrishnan 11 October 2024
Low inflation is the key to ensuring fast, equitable economic development and welfare for all.   Control high inflation, bring down the cost of living and cost of production, reduce inequality and realise the dream of the nation to be the most advanced economy by 2047. High inflation kills...

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Investors worldwide are positioning themselves for a stock market surge, encouraged by signals from the US Federal Reserve that it will soon begin cutting interest rates. After all, the conventional belief is that stocks rise when the Fed cuts rates. Expectations of a 0.5% cut at this month's...

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Sneha Richhariya (IndiaSpend) 09 September 2024
In Peeliya village, around 2 km off the main road in Bassi tehsil of Jaipur district, lies a 27-bigha (about 17-acre) farmland--roughly the size of Bengaluru's Chinnaswamy cricket stadium. The owner Kajodmal Sharma guides me through a mud-soaked trail, now slick and treacherous after a day of...

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Varsha Torgalkar (IndiaSpend) 04 September 2024
In a typical year, Savitra Thadke, 50, and her husband work as sugarcane cutters at farms in Sangli or Kolhapur in western Maharashtra from October to March-April. In the summer months of April-June, they work as agricultural labourers in their village, Chopdyachiwadi in the Georai taluka of...

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Moneylife Digital Team 03 September 2024
The World Bank has increased its growth forecast for India's financial year 2024-25 to 7%, revising it from the previous estimate of 6.6%. This adjustment highlights the impressive performance of the Indian economy, which led major economies with an 8.2% growth rate in FY23-24 says a report...

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Moneylife Digital Team 30 August 2024
In a significant policy development that aims to enhance ethanol production and support sustainable energy initiatives, the Union government of India has allowed sugar mills to utilise cane juice and syrup for ethanol production for the upcoming 'ethanol supply year' (ESY) 2024-25, starting 1...

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Moneylife Digital Team 29 August 2024
The Indian government has unveiled a new regulation, the draft 'Sugar (Control) Order, 2024,' which will permit the sale of raw sugar in the domestic market, effectively replacing a six-decade-old rule that restricted this commodity to exports only. Released on 22 August, 2024, by the ministry...

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The Finance Bill 2024 had proposed the removal of indexation for all capital assets.    The implications of the change were earlier commented upon in this column on 28 July 2024.   One of the points highlighted in the article was that the change, inter alia, hit hard the investments made in...

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Nushaiba Iqbal (IndiaSpend) 16 August 2024
A rise in prices of potato, onion and tomato led to a 9% increase in grocery bills for a family of four compared to the previous month, according to our analysis of government price data. Prices of meat and dairy products like curd and paneer were not included in the analysis, which makes these...

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Moneylife Digital Team 08 August 2024
The monetary policy committee (MPC) of Reserve Bank of India (RBI) on Thursday decided to maintain the status quo on the repo rate, the central bank's rate for short-term loans to banks, unchanged at 6.5%. Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25% and the...

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