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Economy

A vendor sits at a fruit stall at Crawford Market in Mumbai (Representational image)

Latest inflation data opens room for RBI rate cuts

With inflation expected to decline in the coming months, it will allow the Reserve Bank of India to keep the door open for more policy easing to boost credit demand.

India’s political, social tensions will delay economic recovery, says US fund manager

WisdomTree Investments Inc. touted India as its favorite investment pick for years but says it's now concerned with the country's political & social tensions.
Finance Minister Nirmala Sitharaman | Photo: Suraj Singh Bisht | ThePrint

To meet fiscal deficit target, Sitharaman’s Budget leaves out some expenditure

Govt has provided Rs 30,000 cr as against Rs 74,340 cr proposed by 15th finance commission, towards revenue deficit grants to states & has made no allocation for bank recapitalisation.  
An Indian Oil Corp. employee loads LPG cylinders onto his vehicle in Cochin | Dhiraj Singh/Bloomberg

LPG price increases by Rs 144.5 per cylinder, biggest hike in 6 years

Domestic LPG users, who are entitled to buy 12 bottles of 14.2-kg each at subsidised rates in a year, will get more subsidy.
Indian worker

Industrial production falls 0.3 per cent: NSO data

According to the National Statistical Office data, manufacturing sector output declined by 1.2 per cent compared to growth of 2.9 per cent in Januaro 2019.
Vegetable market

Retail inflation jumps to 7.59% in January, highest since May 2014

The National Statistical Office data showed overall food inflation in January at 13.63 per cent, slightly lower than 14.19 per cent in December.
Women try to protect themselves from heavy smog and air pollution | PTI

Air pollution costs world $8 billion a day, Greenpeace says

India bears one of the highest economic costs of pollution at an estimated $150 billion every year. China and US are impacted more at $900 billion and $600 billion respectively.
Commuters cross a road near Chhatrapati Shivaji Maharaj Terminus railway station in Mumbai

Prolonged slide in credit ratings of Indian companies is beginning to end

The downswing in credit ratings, triggered by liquidity stress in NBFC sector, had worsened as companies struggled to raise funds & sell assets to pare debt.
File image of medical staff at isolation ward where 3 patients were admitted for suspected coronavirus infection, in New Delhi | ANI

Coronavirus adds risk to India’s nascent recovery, Chief Economic Adviser Subramanian says

India’s economy is seeing some green shoots but faces unknown risks from the coronavirus outbreak, Chief Economic Adviser Krishnamurthy Subramanian says.
Nirmala Sitharaman

Modi govt to lift foreign investment cap on some sovereign bonds

Issuing new debt with no limits on investments by foreigners will be the first ‘necessary step’ for inclusion in global indexes, CEA Krishnamurthy Subramanian says.

On Camera

Amit Shah

Coronavirus-hit China must look at helpful India, not pick on Amit Shah’s Arunachal visit

The India-China border dispute is a complicated issue and it is futile to expect it to be resolved in the ‘early harvest’ manner suggested by China.

Do Shaheen Bagh protesters run risk of waning interest or should stay put for CAA endgame?

The Shaheen Bagh protest against CAA has entered its third month. SC-appointed mediators met protesters this week and may meet them again at a different location.

Defence

Representational image of Kandla Port, Gujarat | Photo: Commons

Chinese ship carrying suspected cargo to Pakistan allowed to leave, equipment held back

The ship was detained at Gujarat's Kandla Port for allegedly mis-declaring an autoclave, which can be used to launch ballistic missiles, as an industrial ‘dryer’.

Amit Shah’s performance as minister will now determine the success of Modi-Shah power pair

Modi-Shah share a unique power equation unlike Nehru-Patel and Vajpayee-Advani. After Delhi defeat, Shah enters a new, unfamiliar phase of his political career.