Economy News ( English version)


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  • Rural India adds 4.3 million jobs in November December 8, 2022
    According to CMIE, the index of consumer sentiments fell by 0.2% in November on the back of a 1.5% dip in urban sentiments while it increased by 0.5% in rural India. As per the CMIE, the fall in the ICS in November 2022 comes after two months of robust increases when it had risen somewhat sharply by 11.4% in the preceding two months, which were the major fes […]
  • A cautious RBI will have to look inside and beyond the border for next policy action December 8, 2022
    Going forward, the Central Bank will not just be watching the domestic data but will also be closely monitoring global developments like US fed rate decisions, movement of global commodity prices and global currency movements. The RBI would also like to evaluate the impact of policy rate hikes so far.
  • India government invests over Rs 5,000 cr more in SWAMIH Investment Fund I to help homebuyers December 8, 2022
    SWAMIH Investment Fund I is India’s largest social impact fund aiming to provide priority debt financing for the completion of stressed, brownfield and RERA registered residential projects that fall in the affordable, mid-income housing category. The fund is sponsored by the Ministry of Finance, Government of India and is managed by SBICAP Ventures, a State […]
  • RBI-ESMA standoff: Time for India to demand its pound of flesh December 7, 2022
    At the heart of the dispute is ESMA’s right to inspect, penalise and de-recognise any Central Counterparty Clearing Houses (CCPs) in systemically important countries where European banks are involved. This the RBI sees as an extraterritorial provision that violates the sovereignty of the nation.
  • Duty reduction to impact customs, excise mop-up: CBIC Chairman Vivek Johri December 7, 2022
    Johri said most of the growth has been coming from the Goods and Services Tax (GST), where revenues have been doing very well for the last two months.

 

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