As Nirmala Sitharaman gears up to present the Budget, scheduled for July 23, let’s have a look at what the Budget Survey by ET Online said about the good, the bad, and the ugly of the Indian economy at the moment. The good, surprisingly, is that ‘inflation is under control’, the bad part is the … Read more
Santanu Sengupta, Chief India Economist, Goldman Sachs, says India’s public debt to GDP at 80% plus is one of the highest among EMs. So though India has had high growth, over a period of time. that debt to GDP number needs to consolidate below 80% and probably get closer to 75%. That is why the … Read more
Budget 2024: There have been speculations ahead of the Union Budget 2024 that there could be potential modifications to the income tax slabs. These anticipated adjustments are predicted to be advantageous for individual taxpayers, leading to a higher disposable income. Any additional tax exemptions introduced in the upcoming budget could promptly benefit employees. Individuals receiving … Read more
Washington, Jul 10, 2024 -The US central bank will not want to wait for inflation to cool to its two percent target before considering a rate cut, Federal Reserve Chair Jerome Powell told lawmakers Wednesday. “We’ve said that you don’t want to wait until inflation gets all the way down to two percent, because inflation … Read more
Budget 2024-25: Before each Budget, the allocation of funds and tax incentives for various sectors become prominent topics of discussion. Leading up to this year’s comprehensive Budget, experts and industry insiders have emphasized the need to increase the healthcare spending as a percentage of GDP. This would enhance accessibility, affordability, and most importantly, the overall … Read more
Mumbai: Apart from high food inflation, incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay reversal of the rate cycle by the Reserve Bank of India (RBI). Transmission through loan and deposit rates ranged between 111 and 245 bps until May 2024, an analysis of the latest RBI data … Read more
Food inflation in India has been around 8 per cent year-on-year since November 2023, with no signs of easing despite the early arrival of monsoon rains and forecasts of above-normal rainfall. This persistent inflation has kept the headline inflation above the central bank’s target of 4 per cent. Impact of Heatwave on Food Supplies A … Read more
With the 2024 Budget approaching, the government has received a proposal to establish the 8th Pay Commission. This commission would review the basic pay, allowances, pension, and other benefits for central government employees and pensioners. Shiv Gopal Mishra, Secretary of the National Council (staff side, Joint Consultative Machinery for central government employees), wrote to the … Read more
The Bank of Japan kept ultra-low interest rates on Friday but decided to start trimming its huge bond purchases in a slow but steady retreat from its massive monetary stimulus. While it will continue to buy government bonds at the current pace of roughly 6 trillion yen ($38 billion) per month, the central bank decided … Read more
The performance of America’s economy over the past two years has been remarkable, especially given the dire predictions of many observers. Remember the economists who forecast a recession in 2023? Remember all those warnings that getting inflation down would require years of high unemployment? Instead, our economic growth has been the envy of other wealthy … Read more