ECONOMY


Exactly 30 years ago, writing in this space, I argued that there are two companies in Reliance Industries. One sets up manufacturing plants and sells products while the other is focused on raising capital and managing it well through its treasury. They are in a symbiotic relationship....

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Even while the coalition partners are slated to take office in the next few hours to form the new team at the Centre, it is interesting to note that the captains of the industry have, in a poll held by the Business Standard, emphasised the urgency to address the issue of unemployment in the...

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A new government will take over the job of running the country shortly. There is a lot of hope among businessmen and stock market participants that a third term led by Narendra Modi will transform India into viksit Bharat (developed India). The question is: How do we measure such a...

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Moneylife Digital Team 07 June 2024
As predicted by economists, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50% during its second bi-monthly meeting for FY24-25. Consequently, the Standing Deposit Facility (SDF) rate remains at 6.25%, and the marginal standing facility...

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In less than a week from now, election results will determine who governs India. Historically, this period makes markets jittery; but this time, there's an unusual calm, even after a long and ferocious bull market. Traders largely believe the National Democratic Alliance (NDA) is poised for a...

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Moneylife Digital Team 31 May 2024
Reserve Bank of India (RBI) has moved 100 tonnes of gold from the UK to its vaults in India, marking a significant shift in gold storage, says a report.   In the report, Times of India (ToI) says this is the first time at least since early 1991, when RBI has added precious metal at this scale...

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We hear many tall claims about green energy. A few examples: - Farmers will be urja-data (energy-providers), not just anna-data (food-providers), and save Rs16 lakh crore of oil imports.   - India will export green hydrogen to the whole world.   - Petrol will disappear within five years.

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Moneylife Digital Team 30 May 2024
Indian economy is likely to grow at 7% in the financial year 2024-25, the third successive year of growth at or above 7%, says Reserve Bank of India (RBI) in its annual report. The size of RBI's balance sheet increased by 11.08% to Rs70.47 lakh crore as of March 2024, leading to the...

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Moneylife Digital Team 30 May 2024
After a gap of about 10 years, S&P Global Ratings revised its outlook on India to positive from stable on robust growth prospects for the next three years and public spending and raised hopes for an upgrade in two years, provided the government continues reforms and policies to keep fiscal...

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As we get closer to the final stages of the 2024 general elections, we are being told that plans for Modi 3.0 are ready. While expectations among his fans are high that Narendra Modi will put India on a different orbit, I would say we are really at Modi 1.5 now, given the series of ineffective...

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Moneylife Digital Team 24 May 2024
The central board of directors of the Reserve Bank of India (RBI) decided to increase the contingent risk buffer (CRB) for FY23-24 to 6.50% from 6% a year ago and transfer Rs2.11 lakh crore surplus to the Union government. This is the highest-ever yearly surplus transfer by RBI to the Union...

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Moneylife Digital Team 21 May 2024
The year-on-year (y-o-y) expansion of India's gross domestic product (GDP) is likely to moderate to a four-quarter low of 6.7% in the fourth quarter (Q4) of FY23-24 from 8.4% in Q3FY23-24. Further, the growth in the gross value added (GVA) is estimated to ease to 5.7% in Q4 from 6.5% in...

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The Ram mandir at Ayodhya is expected to secure a massive electoral victory for the Bharatiya Janata Party (BJP)-led government, but things are not going so well for Ajay Harinath Singh, founder of the Darwin Platform group of companies, who claims lineage to the Ikshavaku clan and a...

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Debayan Roy (Bar  and   Bench) 26 April 2024
Turihe Supreme Court on Friday rejected the petition seeking directions to tally all voter verifiable paper audit trail (VVPAT) slips with votes cast through electronic voting machines (EVMs) dng elections.   A bench of justices Sanjiv Khanna and Dipankar Datta also rejected the prayer for...

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Moneylife Digital Team 05 April 2024
As predicted by economists, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50% during its first bi-monthly meeting for FY24-25. The marginal standing facility (MSF) rate and the bank rate will be steady at 6.75%. It has been 14 months...

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India's services sector growth accelerated in March on the back of strong demand, leading to employment increasing at the fastest rate in seven months and export business expanding at a record pace during the month, according to an HSBC survey released on Thursday.   HSBC India Services...

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Moneylife Digital Team 19 March 2024
While expecting gradual easing of liquidity to stabilise lending rates, India Ratings and Research (Ind-Ra) says the Indian economy is in the middle of coordinated tightening on the fiscal, monetary, liquidity and regulatory fronts, the aggregate impact of which will be felt in...

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The high visibility of structural demand and healthier corporate and bank balance sheets are likely to propel India’s growth going forward even as the global economy is losing steam, according to the Reserve Bank of India's (RBI’s) monthly bulletin released on Tuesday.   The report states...

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India's inflation rate based on the Wholesale Price Index (WPI) eased to 0.2% in February, from 0.27% in January, data released by the Commerce and Industry Ministry on Thursday showed.   This is the third consecutive month of decline in the annual rate of WPI inflation, which had...

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India's retail inflation slowed to a four-month low of 5.09 per cent in February bringing some relief to household budgets, official figures released on Tuesday showed.   The retail Inflation in January was a tad higher at 5.1 per cent.   There was a sharp decline in cooking...

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