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Thursday, February 9, 2023
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Economy

Petrol, diesel prices rise for 7th day in a row, rates go up by about half a rupee

PTI -
Petrol price in Delhi was hiked to Rs 75.16 per litre from Rs 74.57, while diesel rates were increased to Rs 73.39 a litre from Rs 72.81.
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IIP contracts by record 55% in April due to lockdown, but Modi govt says data not comparable

Remya Nair -
The data showed manufacturing contracted by 64 per cent in April, followed by mining at 27 per cent and electricity by 26 per cent.
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India could see millions pushed into extreme poverty due to pandemic: World Bank analysis

Remya Nair -
South Asia may see 42 mn people being pushed into extreme poverty, according to World Bank analysis, as the pandemic leads to longer shutdowns, increase in costs.
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25-30% of bank loans under moratorium but only small portion of these expected to turn NPAs

Remya Nair -
Banks are relying on a pick-up in economic activity amid unlock phase and borrower profiles to expect that majority of loans under moratorium won’t turn bad.
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What to watch in Pakistan’s budget today after its economy shrunk for first time in 68 yrs

Faseeh Mangi -
Pakistan’s budget, due to be presented in Parliament Friday, will be a tough balancing act of reviving economic growth without depleting the coffers.
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Mahindra loses trade case filed by Fiat Chrysler for ‘copying’ Jeep model

Susan Decker -
The International Trade Commission upheld a judge’s finding that Mahindra’s off-road vehicle Roxor is a copy of the iconic Jeep Wrangler.
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Covid shows India needs economic model focused on people at bottom of pyramid, report says

Debjit Chakraborty -
India needs to reorient its economic structure to make it much more people-centric & inclusive, think-tanks CEEW and NIPFP say in a report.
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Decline in 2020-21 output part of Modi govt’s working assumption: CEA Subramanian

Remya Nair -
In April, Modi govt had estimated that India may grow by 1.5-2%. But that was based on assumption of V-shaped recovery in second half of the year, says CEA Krishnamurthy Subramanian.
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India’s fundamentals demand much better rating, says Chief Economic Advisor

PTI -
Chief Economic Advisor Krishnamurthy Subramanian statement came after Moody's downgraded India's rating and S&P retained it at the lowest investment grade.
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Indians are shopping only for essentials even though economy is reopening

Vrishti Beniwal -
Consumption, which accounts for 60% of the economy, has been the driver of growth during previous stress periods, but a survey shows consumers are no longer confident.
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On Camera

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Opinion

FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song

US ‘shaking up’ Marine Corps shows its laser focus on China....

Manvendra Singh -
The iCET agreement goes the whole hog in joint cooperation between US and India. But there is a greater need to focus on how the defence budget is spent.
Rahul Gandhi speaking on Gautam Adani and Narendra Modi | ANI

TV knows what works. Get Rahul Gandhi to speak against Modi...

Army personnel during a parade | Representational image | Photo: Suraj Singh Bisht | ThePrint

Armed forces law too ambiguous about adultery. Military must keep up...

Economy

Representative Image | ANI

‘Need to see a decisive moderation in inflation’: RBI Governor on...

TCA Sharad Raghavan -
While overall inflation is moderating, high and persistent core inflation remains a worry, as does the uncertain global growth & inflation environment, the governor said.

Defence

File photo of the Chinese spy balloon which was later shot down by the US | Reuters

China has spy balloons, India has aerostats. But IAF’s had mixed...

Snehesh Alex Philip -
After Kargil Review Committee's recommendation, air force purchased 2 aerostats worth over Rs 300 crore for surveillance in 2007. IAF favours AWACS for vigilance operations.

National Interest

Illustration by Soham Sen | ThePrint

Market has won & now it’s for Adani to decide whether...

Shekhar Gupta -
If the political establishment responds to a situation like this as if it’s something that must only play out between a corporate & the market, it's coming of age of Indian capitalism.

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