Indian Economy
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State of Indian economy extremely concerning, says P Chidambaram
The former Union finance minister said that the country’s post-pandemic economic recovery has been indifferent and faulty.
Scroll Staff
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HDFC hikes housing loan rates by 0.3% for all customers from May 9
The move came three days after the RBI raised India’s repo rate by 40 basis points, or 0.4%.
Scroll Staff
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India’s record GST collections are partly because of its soaring inflation
Apart from significant input costs for producers, experts have attributed the record collections to tighter input tax credit regulations.
Mimansa Verma, qz.com
Trending
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When India was a ‘land of diamonds’, Russian tsars eagerly tried to build ties with Aurangzeb
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Watch: Madhuri Dixit does the viral ‘My Money Don’t Jiggle Jiggle’ dance trend on Instagram
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Former Uttarakhand minister kills himself after police book him for molesting granddaughter
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How have some people managed to avoid Covid-19 for so long? It could be more than just luck
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Watch: Japanese man transforms himself into a dog with Rs 12 lakh costume
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RBI raises repo rate by 40 basis points to 4.40% to control inflation
The decision was taken by the central bank at an off-cycle meeting held between May 2 and May 4.
Scroll Staff
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India’s economy likely to take till 2035 to overcome losses due to Covid-19, says RBI
The country’s economic output has suffered a loss of nearly Rs 52 lakh crore due to the pandemic, says the central bank in its report.
Scroll Staff
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IMF lowers India’s growth forecast to 8.2% from 9% for financial year 2022-’23
Higher crude oil prices are expected to weigh on India’s private consumption and investment, the International Monetary Fund said.
Scroll Staff
Video
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Watch: Duchess of Sussex Meghan Markle visits Uvalde, Texas to honour school shooting victims
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‘She was the sweetest little girl who did nothing wrong’: Father of student killed in Texas shooting
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Watch: Akila the temple elephant celebrates her twentieth birthday with a feast of fruits
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Watch: Nine-year-old boy discovers a puma in one of the toilet stalls at his school in Brazil
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Watch: Shikhar Dhawan mock-knocked out by father for not qualifying for IPL playoffs
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When it comes to fiscal policy, some Indian states are almost as imprudent as Sri Lanka
Bureaucrats are concerned that populist schemes may end up wrecking the economies of some Indian states.
Mimansa Verma, qz.com
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World Bank lowers India’s growth forecast to 8% from 8.7% for 2022-’23
It cited the impact on the global economy of Russia’s invasion of Ukraine as the reason behind the revision.
Scroll Staff
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Upper-caste businesspersons own 61.8% of micro, small and medium firms in India: Government data
Entrepreneurs from the Scheduled Caste category own 6.8% of these enterprises, while those in the Scheduled Tribe category own just 2.1% of them.
Scroll Staff
The Reel
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‘Anek’ review: Political thriller muddles its way through the North East
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‘Top Gun: Maverick’ review: Flights of nostalgia
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‘Goodfellas’ and ‘Field of Dreams’ actor Ray Liotta dies at 67
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Watch: Partition, art and the idea of home in short film ‘The Miniaturist Of Junagadh’
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Watch: ‘The Gray Man’ stars Ryan Gosling, Chris Evans, Dhanush and Ana de Armas
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RBI lowers GDP growth from 7.8% to 7.2% for 2022-’23, retains repo rate at 4%
The Reserve Bank of India also increased the reverse repo rate by 40 basis points to 3.75% from previous years’ 3.35%.
Scroll Staff
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India Ratings lowers economic growth forecast to 7-7.2% from 7.6% for 2022-’23
The agency cited the Russia-Ukraine war and the rising prices of crude oil as the reason behind their revision.
Scroll Staff
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Fitch Ratings cuts India’s growth forecast for 2022-’23 to 8.5%, cites higher energy prices
The agency revised its forecast for the current financial year (2021-’22) from 8.1% to 8.7%.
Scroll Staff
The Field
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IPL 2022, Qualifier 2, RR v RCB as it happened: RR reach final, fourth ton of the season for Buttler
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Champions League final: The economic tactics that drive Liverpool and Real Madrid off the field
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Athletics: ‘Great feeling,’ says Sreeshankar after 8.31m jump for first international gold of season
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Watch: When grandson took his 84-year-old grandfather with dementia to Man City’s title-winning game
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Football: Gokulam Kerala defend Indian Women’s League title after beating Sethu FC 3-1 on final day