Topic: Indian Economy
New govt should review RBI’s inflation goals, says PM Modi’s economic adviser
PM Modi’s Economic Advisory Council Rathin Roy says India will need to decide whether the inflation target band of 2% to 6% is too wide.
Weak power demand indicates more slowdown pain ahead
Listless growth in electricity demand points to lack of appetite among factories & commercial firms who consume about half of India’s power.
Growing slump in India’s $70 billion auto industry should worry the govt
With unemployment sky-rocketing and expenses growing, people in India don't have the purchasing power for vehicles anymore.
Back-to-back rate cut in store. What to watch out for in RBI policy statement today
With inflation below RBI’s 4% medium-term target, MPC expected to drop repurchase rate by 25 basis points to 6%.
Pick-up in quarterly sales reflect an upswing in Indian economy as GST regime stabilises
There is finally evidence of formalisation of the economy as the GST regime stabilises & has a big positive effect on the business cycle.
India is one of world’s fastest growing economies, says International Monetary Fund
Indian economy details would be revealed in the upcoming World Economic Outlook survey report, which will be released by the IMF in April.
New debt worries push borrowing costs of NBFCs to record highs
Access to funds will, in turn, become more expensive for a range of businesses at a time when economic activity is already teetering.
RBI’s new boss Shaktikanta Das is stuck between a rock and a hard place
If the RBI keeps buying government bonds, it surrenders its power to teach the government a lesson in fiscal arithmetic.
108 economists & social scientists accuse Modi govt of blocking unfavourable data
The scholars slammed the Modi govt for ‘political influence’, pointing at the decision to withhold NSSO jobs data and to alter GDP data from the UPA era.
India’s fiscal deficit widens as govt overestimates revenue
India is set to miss budget deficit target for a second straight year by overestimating the income it expects to receive from taxes, asset sales and other sources.
Sadhvi Pragya’s nomination is no advertisement for Hindutva, whatever you may think of it
In opposition, the BJP used to stand for law and order, and its leaders were known for measured language. The ticket to Sadhvi Pragya goes against all that.
IAS poll observer: With Modi breaking rules, should EC give him special security treatment?
The Election Commission has suspended an IAS officer who had inspected PM Narendra Modi’s chopper in Odisha’s Sambalpur Tuesday.
Defence
China is now testing laser ASAT weapons from its naval ships
China has already tested missile & EMP anti-satellite weapons from the ground. Now it’s using icebreaker ships in the Yellow Sea/Bohai Sea area.
Modi & Shah have turned India into ‘Jingostan’ & are out to conquer the paranoid country
The Modi-Shah BJP has resurrected dangers & the enemy from the past, and built a scary jingoism. It’s a great diversionary tactic, but it never ends well.