Dealers Care: May 2022

The eight sectors - coal, steel, cement, fertilisers, electricity, natural gas, refinery products, and crude oil - comprise two-fifths of In...

News

Centre's FY22 fiscal deficit at 6.7% vs revised estimates of 6.9%

April saw revenue surplus of Rs 591 crore from News https://ift.tt/aJK2mhs

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India's farm sector clocks 4.1% growth in Q4 of FY22, shows data

Any growth between 3.5 and 4 per cent for the farm sector is considered above the long-term trend line from News https://ift.tt/7towNIe

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India is better placed than others to face inflation, says CEA Nageswaran

Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation from News https://ift.tt/fA3JI4e

News

Revenue spend may be cut to limit slippage: Finance secretary TV Somanathan

To compensate for impact of over Rs 1.5 trn on account of measures announced to rein in inflation, including cut in fuel prices and Customs ...

News

Govt releases Rs 86,912 cr to states, clears entire GST compensation dues

To meet the shortfall in GST compensation to states, the Centre said that it borrowed Rs 1.59 trillion in FY22 and Rs 1.1 trillion in FY21 f...

News

WTO MC12: India to oppose zero Customs duties on electronic transmissions

In 1998, WTO members agreed not to impose customs duties on electronic transmissions and the moratorium has been periodically extended at su...

India in better place than many other nations, don't see prospect of recession: CEA

Despite the sequential decline in Q4 growth, Chief Economic Adviser V Anantha Nageswaran on Tuesday said he does not see a prospect of reces...

Monday, 30 May 2022

News

India Q4 GDP preview: Did economic growth slowdown in the last quarter?

A Reuters poll predicts India's FY22 GDP growth rate at 8.9 per cent while a Bloomberg survey suggest a growth rate of 8.7 per cent fr...

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Indian house prices set to rise again despite higher rates, shows poll

A lack of demand has kept India's property market relatively quiet during the pandemic compared with other world markets that rocketed h...

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India's FY22 Q4 GDP growth expected at one-year low on weak consumption

Asia's third-largest economy probably grew 4.0% in the January-March quarter from a year earlier, a Reuters poll showed last week from...

News

Why India's curbs on Chinese investment may spell bad news for its plans?

The govt has been pursuing its PLI scheme to boost manufacturing and grow exports. But it involves a lot of competition from smaller nations...

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Why did India restrict wheat exports despite big trade plans?

With global wheat supplies impacted, the world turned to India - which promised to fill the void. But domestic compulsions forced it to back...

News

Consultation paper on crypto almost ready; to be submitted soon: DEA Secy

Ajay Seth also said that a global response is needed to deal with the challenges posed by crypto from News https://ift.tt/dp1YhD7

News

Taking on Google, FB, Apple: CCI seeks more teeth to tackle Big Tech

The government is planning to bring changes to the existing Competition Bill 2020 to give the regulator wider powers from News https://ift...

Sunday, 29 May 2022

News

East, west dedicated freight corridors delayed again, 2-yr extension sought

The Dedicated Freight Corridor Corporation of India has sent its revised completion estimates to the Ministry of Railways, seeking time till...

Gold price today: 10 grams of 24-carat stands at Rs 52,090; silver at Rs 62,200 per kilo

In India, 10 grams of 24-carat gold today, 30 May, stands at Rs 52,090, with no change from yesterday’s selling price. One kilogram of silv...

News

States gained Rs 49k crore when fuel prices rose, have room to cut VAT: SBI

States gained Rs 49,229 crore from VAT revenue on fuel when oil prices were increasing and will forego Rs 15,021 crore now that excise duty ...

News

Haryana CM Khattar announces development works worth Rs 575 cr for Sirsa

Haryana Chief Minister Manohar Lal Khattar on Sunday announced development works worth Rs 575 crore for Sirsa district from News https://i...

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Haryana CM Khattar allocates Rs 2,711cr for development work in Gurugram

Haryana CM Manohar Lal Khattar announced an allocation of Rs 2,711 crore for development work in all four assembly constituencies of Gurugra...

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What are key takeaways from WEF meet? What made India stood out this year?

The World Economic Forum ended with a call for unity and a win-win world. But is the world order shaping up like that? Here are the highligh...

News

India risks another power crisis in July-August: Report on coal stock

Stock at power stations 'reducing consistently' since May 2020, says CREA. from News https://ift.tt/XRVtMsU

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Income of 94.11% registered informal workers at Rs 10,000 or below

Over 94% of 276.9 million informal sector workers registered on the e-Shram portal have a monthly income of Rs 10,000 or below and over 74% ...

News

US surpasses China as India's biggest trading partner in FY22 at $119.42 bn

The US surpassed China to become India's top trading partner in 2021-22, reflecting strengthening economic ties between the two countrie...

Saturday, 28 May 2022

Invoking Sri Lanka is fearmongering: Inflation in India is a short-term phenomenon

In the last two-three months, most people have been talking about inflation. The government’s cost-push inflation (CPI) data for the month o...

How mobile marketing is helping brands to reach and engage with rural audience

India is a land full of marketing opportunities, a playground to learn, unlearn, experiment and build successful case studies. The land of d...

How to achieve success as a woman entrepreneur surmounting all odds

Being an entrepreneur is hard. But what is harder than being an entrepreneur is being a female entrepreneur. An entrepreneur needs strong ca...

How Modi government’s decision to widen and deepen India’s debt markets is a good move

In a conventional term, the economic development of a nation is in many ways a function of the vibrancy of its debt market as it is a great ...

News

MeitY issues draft norms to mobilise non-personal citizen data with govt

MeitY has issued a draft National Data Governance Framework to mobilise non-personal data of citizens for use by both public and private ent...

Friday, 27 May 2022

News

Centre to develop framework to check fake reviews on e-commerce websites

Department of Consumer Affairs held meeting with stakeholders including Amazon, Flipkart, Reliance and Tata to discuss issues arising due to...

Gold price today: 10 grams of 24-carat traded at Rs 52,090; silver at Rs 62,150 per kilo

The purchasing price of 10 grams of 24-carat gold today, 28 May is Rs 52,090 in India after a rise of Rs 110 from yesterday’s selling price...

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India to face wider coal crisis in Q2, worsening power outage risks: Report

India expects local coal supply to fall 42.5 million tonnes short of demand in the September quarter, 15% higher than previously projected ...

News

Focus on emerging risks in fintech space, says RBI annual report

"The central bank, while encouraging innovation, is also factoring in emerging risks in the fintech segment. Greater use of technology ...

Thursday, 26 May 2022

News

Strong demand powers Indian economy past record inflation, for now

The activity backed by stronger new orders was accompanied by a bump in output prices as producers started passing on high raw material cost...

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How close is the govt to its divestment target for FY23?

After missing disinvestment target for three years, will the govt be able to nail it this financial year? How are things progressing for the...

News

Do Thomas Malthus's words still hold water?

If the Ukraine-war doesn't end soon, we may witness food crises in parts of the world. So, do we need another green revolution to boost ...

News

Moody's cuts CY22 India GDP growth forecast to 8.8% amid rising inflation

Says rise in crude, food, and fertiliser prices will weigh on household spending from News https://ift.tt/yUmDKOx

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SBI economists peg Q4 GDP growth at 2.7%, FY22 expansion at 8.5%

Official data on the economy is expected to be released on May 31 from News https://ift.tt/AtKMRZp

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Adityanath 2.0 presents maiden UP Annual Budget 2022-23 of Rs 6.15 trn

Big ticket Budget aligns with UP's trillion dollar economy vision from News https://ift.tt/9tJdiRD

Wednesday, 25 May 2022

News

Telecom dept removes five products from its prior mandatory testing list

DoT has exempted "Mobile user equipment/mobile handset", "server", "smart watch", "smart camera" and...

News

Hope sanity returns at soonest to supply chains: Sunil Bharti Mittal

He was speaking during a session on 'advancing digital cooperation', moderated by Observer Research Foundation President Samir Saran...

News

India joins First Movers Coalition to decarbonise carbon-heavy sectors

Led by the WEF and the US government, the First Movers Coalition targets sectors, including aluminium, aviation, chemicals, concrete, shippi...

News

RailTel posts highest-ever consolidated income of Rs 1,628 crore in FY22

With this, RailTel has posted a profit before tax amounting to Rs 281 crore and profit after tax of Rs 209 cr during the Financial Year 21-2...

News

ESIC-run social security scheme adds 1.4 million new members in March

From September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC scheme from News https://ift.tt/itQjS9d

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Govt exploring Rupee-Rouble payment for fuel import amid sanction: Report

The government is exploring a payment mechanism for the import of oil from Russia in view of the sanctions imposed by the US and European co...

Tuesday, 24 May 2022

News

Coal production rose to 34 MT in 1st half of May to meet power demand: Govt

The total coal dispatch including non-CIL coal producing units has been to the tune of 71.77 MT for the entire month of April, registering a...

News

Govt imposes restrictions on sugar exports from June 1, says DGFT

However, it said that these restrictions would not be applicable on sugar being exported to the EU and the US under CXL and TRQ from News ...

News

Exports rises 21% to $23.7 billion during May 1 to 21, shows data

The total figure for May is likely to be realised by the commerce ministry in June from News https://ift.tt/FvcuYyz

News

Lanka seeks $500-mn loan from India for fuel purchases amid forex crisis

The economic crisis has also triggered a political crisis in Sri Lanka and a demand for the resignation of President Gotabaya Rajapaksa fr...

News

WEF 2022: India on top for trust in domestic companies, says study

On the overall trust index, taking into account trust in NGOs, business, government and media, India is now placed at the second place after...

News

Food inflation is manageable, people won't feel pain: Piyush Goyal

Tells India Inc to focus on value-added exports, ensure jobs come into the country from News https://ift.tt/IUS9hLJ

News

Women in lower-middle-income countries facing worst brunt of pandemic: Data

There are 44 million fewer jobs for women across the world compared to pre-pandemic period; 25.5 million fewer jobs were available in lower-...

Monday, 23 May 2022

News

In bid to boost investment, PM Narendra Modi proposes 'Japan Week'

"Met top business CEOs and highlighted the numerous investment opportunities in India," the Prime Minister said in a tweet from ...

News

India joins US-led Indo-Pacific economic bloc aimed at countering China

On issues such as digital commerce, labour, and environmental standards, India and the US have contrasting views from News https://ift.tt/...

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Modi meets Japanese biz leaders, discusses investment avenues in India

Prime Minister Narendra Modi on Monday courted top Japanese business leaders, including Masayoshi Son of SoftBank and Osamu Suzuki of Suzuki...

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Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das

The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June...

News

Railways may scrap new dedicated freight corridors, enhance existing ones

New assessment will delay DPR of new corridors by 5 months from News https://ift.tt/WZqjyoD

News

Heatwaves may make India's inflation problem worse, hurt growth: Moody's

Over the longer term, India's highly negative credit exposure to physical climate risks means its economic growth will become more volat...

News

Missing at WEF in Davos this year: Billionaire stars, snow, and excitement

World Economic Forum's guest list is hundreds of names shorter, with many titans of finance conspicuously absent. from News https://if...

News

WEF at Davos needs to identify solutions instead of just problems

On paper, the upcoming Davos meeting would be perfectly suited for resolving these conflicts. History, however, does not provide much encour...

Sunday, 22 May 2022

Gold price today: 10 grams of 24-carat sold at Rs 51,330; silver at Rs 61,400 per kg

Ten grams of 24-carat gold in India is priced at Rs 51,330 today, 23 May, with no change from its yesterday’s selling price. One kilogram o...

News

Explained: Can global biodiversity framework actually protect, promote it

Experts tell us that the world needs a stronger framework, which compels countries to abide by it, and to keep a check on biopiracy issues ...

News

Govt considering Rs 1 trn extra borrowing to offset fuel-tax cut: Report

The loss to the exchequer due to the recent excise duty cuts will have to be borne through additional market borrowings, says Bloomberg. f...

News

Taxpayers can now claim refund of IGST on ocean freight, say Experts

Indian importer is liable to pay IGST on the 'composite supply' in a CIF contract, a separate levy for the supply of services' b...

News

GST Council likely to modify monthly tax payment form for ITC clarity

The modified form will help in checking bogus ITC claims and ensure that honest taxpayers are able to timely avail the ITC benefit from Ne...

Saturday, 21 May 2022

News

Kerala govt announces tax cut on petrol by Rs 2.41, diesel by Rs 1.36

जेके भैया May 21, 2022 0 Comments

"Kerala government announces cut in tax on petrol and diesel by Rs 2.41 and Rs 1.36 respectively," state Finance Minister KN Balag...

News

Rajasthan govt reduces VAT on petrol by Rs 2.48, diesel by Rs 1.16

जेके भैया May 21, 2022 0 Comments

Due to the reduction in the prices of petrol and diesel by the central government, the state government will reduce VAT by Rs 2.48 per litre...

Friday, 20 May 2022

News

RBI to transfer Rs 30K cr surplus to govt for FY22; lowest amount in 8 yrs

जेके भैया May 20, 2022 0 Comments

Last year, the transfer of Rs 99,126 crore was for a nine-month period ended March 2021 from News https://ift.tt/JNoiROt

News

At $83.57 billion, India reports 'highest-ever' FDI inflow in FY22

जेके भैया May 20, 2022 0 Comments

During the entire 2020-21 financial year, the total FDI inflow was $81.72 billion, despite the disruption caused by the outbreak of the pand...

News

Power crisis: Govt asks regulator to allow utilities to import 30% of coal

जेके भैया May 20, 2022 0 Comments

India had asked utilities to import 10% of its total requirement to blend with local coal as demand was outstripping supply from News http...

Thursday, 19 May 2022

Gold price today: 10 grams of 24-carat priced at Rs 50,520; silver at Rs 61,700 per kilogram

The market value of 10 grams of 24-carat gold today, 20 May, stands at Rs 50,520, after an increase of Rs 10. One kilogram of silver is bei...

Twitter deal with Elon Musk 'not on hold', moving forward as planned: Top executives inform employees

Has Elon Musk actually put his $44 billion Twitter deal on hold? This is the pertinent question in minds of most people across the globe. Ea...

Sushil Modi says Supreme Court verdict on Centre, states not bound to recommendations of GST council isn't new

Sushil Modi, a former deputy chief minister of Bihar, who in the past headed ministerial panels on the Integrated Goods and Services Tax (IG...

Tesla on my mind 24/7, spending less than 5% of time on Twitter acquisition, says Elon Musk

Multi-billionaire Elon Musk on Friday said that Tesla is on his mind all the time, in a way calming down the investors worried about him bei...

News

How will the SC ruling affect the GST framework?

The Supreme Court ruled that GST on ocean freight paid for import of goods is unconstitutional. What does this mean for the GST framework? H...

News

India's power grid creaks under hybrid work model, extreme heatwave

Indians are cranking up air conditioning as they still work from home, while lights come back on in offices and factories with an end to Cov...

News

GST Council will work like it has for 5 years: Tarun Bajaj on SC verdict

Bajaj clarified that Article 279A of the Constitution allows the Council to make recommendations but nowhere has it said that Council will ...

News

RBI allows settlement of trade transactions with Sri Lanka in Indian rupee

Sri Lanka is facing its worst economic crisis since gaining independence from Britain in 1948 from News https://ift.tt/G5OtYlJ

Wednesday, 18 May 2022

News

Recommendation of GST Council are not binding on the Centre, states: SC

The Supreme Court said the Parliament and state legislatures possess equal powers to legislate on GST from News https://ift.tt/bjxKE7B

Elon Musk calls S&P 500 ESG Index 'a scam' after Tesla gets kicked off list

Elon Musk lambasted S&P Global Ratings and said it has "lost its integrity" after Tesla lost its spot from the Environment, So...

News

Senior executives in India may get 8.9% salary hike in 2022: Report

Salaries of senior executives in India have increased 8.9 per cent in 2022 from 7.9 per cent in 2021, a report said from News https://ift....

News

S&P cuts FY23 India growth forecast to 7.3% on inflation, Ukraine war

S&P Global Ratings on Wednesday cut India's growth projection for the current fiscal to 7.3 per cent from 7.8 per cent earlier on ri...

News

Parl panel holds meeting for discussing railway connectivity to ports

Parliamentary Committee on Transport, Tourism and Culture is scheduled to convene a meeting on the subject of 'Railway Safety and Rail C...

Tuesday, 17 May 2022

News

World's food baskets need a better safety net as India curbs wheat exports

The world had been counting on Indian grain after the war in Ukraine, drought in Argentina and floods in Australia cut production from those...

Gold price today: 10 grams of 24-carat stands at Rs 50,790; silver at Rs 61,200 per kilogram

Ten grams of 24-carat gold today, 18 May, is priced at Rs 50,790, after an increase of Rs 10 from yesterday. One kilogram of silver is being...

News

Top headlines: Weakening rupee, LIC may exit Ambuja Cements, ACC and more

Business Standard brings you top headlines on Wednesday from News https://ift.tt/GA4iDrh

News

Prices of food items continuing to increase in May, says RBI report

"Pulses prices remained steady, although tur prices have moderated while masoor prices edged up. Edible oils prices registered a broad-...

Monday, 16 May 2022

News

What is CPI-based inflation?

The government and RBI are also circumspect as soaring inflation is hitting the common man hard. But what is CPI-based inflation and how is ...

News

PM Modi signs 6 MoUs with his Nepalese counterpart Deuba in Lumbini

Modi, who is in the Himalayan nation at the invitation of Deuba on a day-long visit to Lumbini on the occasion of Buddha Purnima, met Deuba ...

News

Jet fuel prices at all-time high with 5.3% hike; 10th increase this year

The price of aviation turbine fuel (ATF) was hiked by Rs 6,188.25 per kilolitre, or 5.29 per cent, to Rs 1,23,039.71 per kl (Rs 123 per litr...

News

WEF 2022: 5 Indian start-ups among 100 to join Tech Pioneers community

The selected start-ups are also invited to participate in WEF 2022 workshops and events and high-level discussions during their two years in...

News

WEF Annual Meet 2022 starts May 22 in Davos; Sitharaman, 3 CMs to attend

The WEF Annual Meeting 2022 will be held in Davos from May 22 to May 26 after a two-year hiatus due to Covid-19 pandemic from News https:/...

Sunday, 15 May 2022

Gold price today: 10 grams of 24-carat trades at Rs 50,450; silver at Rs 59,400 per kilo

The purchasing price of 10 grams of 24-carat gold today, 16 May, in India remained steady at Rs 50,450, with no change from yesterday. One ...

News

Resilient during pandemic, home-based women workers' recovery far from over

The national lockdown and series of movement restrictions meant that supply chains were hit and demand for their labour dried up, which led ...

News

Wheat procurement deadline extended after export ban; quality norms eased

Till May 14, some 18 million tonnes of wheat have been bought for Central pool; that's 51% lower than the procurement during the same pe...

News

Am hoping govt, RBI will control inflation in medium term: EAC-PM member

Sanjeev Sanyal tells reporters govt is taking several steps to rein in process, including free rations, pruning of taxes; RBI has increased ...

News

India restricting wheat exports could make world's food problems worse

India's decision to halt wheat exports came as a record-breaking heat wave parched the crop during a crucial period, spurring estimates ...

News

Commerce ministry to hold inter-ministerial consultations on May 18

The commerce ministry has convened an inter-ministerial meeting on May 18 to hold consultations on issues that are likely to figure prominen...

News

Muted impact of wheat export ban on India's domestic food inflation: Nomura

If India's wheat ban leads to higher price of substitutes like rice, then there could be upward pressure on other food prices from New...

News

RBI not 'behind the curve' in hiking rate, says MPC member Ashima Goyal

While noting that Inflation has just exceeded RBI's tolerance band due to the protracted Ukraine-Russia war, Goyal said Indian demand an...

Saturday, 14 May 2022

News

CNG price hiked by Rs 2 per kg in Delhi-NCR with effect from today

जेके भैया May 14, 2022 0 Comments

With the latest hike, CNG is now priced at Rs 73.61 per kg in Delhi, Rs 76.17 per kg in Noida, and Rs 81.94 in Gurugram from News https://...

Friday, 13 May 2022

News

Govt will be able to control inflation in the medium-term: Sanjeev Sanyal

जेके भैया May 13, 2022 0 Comments

"Taking all these measures into account, I think that we are broadly in a good situation economically and will be able to keep inflatio...