#MCOpinion: The government walked the #fiscal middle ground by keeping FY22 #deficit closer to the initial target, and followed the past template of 0.5 percent of #GDP reduction for FY23.
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https://www.moneycontrol.com/news/opinion/budget-2022-government-focuses-on-capex-multipliers-8033321.html?utm_source=telegram&utm_medium=social
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Moneycontrol
Budget 2022 | Government Focuses On Capex Multipliers
The bond market reception of the Budget has been underwhelming as a sharp drop in disinvestments increased the reliance on debt receipts. Moreover, recourse to market borrowing increased as the provision for small savings has come down
#RBIPolicy | The #RBI today projected the real #GDP for FY22-23 at 7.8%, as it surprised the market by holding the key rates steady, continuing policy support for the #economy amid the pandemic.
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https://www.moneycontrol.com/news/business/economy/rbi-monetary-policy-gdp-growth-projected-at-7-8-for-fy23-8070231.html?utm_source=telegram&utm_medium=social
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Moneycontrol
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#MCProOpinion: The third quarter #GDP data, out on Monday, is a bit academic now, given the negative economic impact of the #Russian invasion of #Ukraine.
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https://www.moneycontrol.com/news/opinion/covid-weary-economy-faces-expensive-energy-bar-amid-ukraine-crisis-8172541.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/opinion/covid-weary-economy-faces-expensive-energy-bar-amid-ukraine-crisis-8172541.html?utm_source=telegram&utm_medium=social
Moneycontrol
COVID-weary economy faces expensive energy bar amid Ukraine crisis
While the third quarter GDP data may show a rebound, it has already been overtaken by the adverse economic effects of the Russian invasion of Ukraine
#Economy | #GDP figures have revealed that in the Q3 of 2021-22, both components of India's external trade have zoomed past their pre-Covid levels. #Exports are also now 20.4% of India's economy, up from 17.8% a year back.
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https://www.moneycontrol.com/news/business/economy/q3-gdp-data-exports-and-imports-shoot-past-beyond-pre-covid-levels-8175161.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/economy/q3-gdp-data-exports-and-imports-shoot-past-beyond-pre-covid-levels-8175161.html?utm_source=telegram&utm_medium=social
Moneycontrol
Q3 GDP data| Exports and imports shoot past beyond pre-Covid levels
GDP figures have revealed that in the third quarter of 2021-22, both components of India's external trade have zoomed past their pre-Covid levels. Exports are also now 20.4 percent of India's economy, up from 17.8 percent a year back However, runaway importsβ¦
#TakingStock: Indian equity #markets were battered again today, as a worsening #Ukraine crisis, rising #crude prices, which are stoking #inflation worries, and weak #GDP numbers weighed on #investors.
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https://www.moneycontrol.com/news/business/markets/taking-stock-worsening-ukraine-war-hits-indian-market-hard-sensex-and-nifty-down-1-8184581.html?utm_source=telegram&utm_medium=social
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Moneycontrol
Taking Stock: Worsening Ukraine war hits Indian market hard, Sensex and Nifty down 1%
Volatility is expected in the near term, with surging crude price, state election outcome and the Fed policy status weighing on investor sentiment
The Centre will continue to support demand in FY23 through the 2022 #Budget even though it plans to improve its #finances and lower the #fiscal deficit to 6.4% of #GDP.
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https://www.moneycontrol.com/news/business/economy/fiscal-policy-to-boost-demand-by-0-3-of-gdp-in-fy23-rbi-staff-say-8244651.html?utm_source=telegram&utm_medium=social
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Moneycontrol
Fiscal policy to boost demand by 0.3% of GDP in FY23, RBI staff say
According to the RBI staff, the 2022 Budget will continue to support aggregate demand in FY23 despite some consolidation in the government's finances.
However, as a percentage of the #GDP, the external #debt declined slightly to 20% from 20.3% as at the end of September 2021.
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https://www.moneycontrol.com/news/business/economy/indias-external-debt-rises-11-5-billion-in-oct-dec-2021-to-614-9-billion-8301231.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/economy/indias-external-debt-rises-11-5-billion-in-oct-dec-2021-to-614-9-billion-8301231.html?utm_source=telegram&utm_medium=social
Moneycontrol
India's external debt rises $11.5 billion in Oct-Dec 2021 to $614.9 billion
External debt that must be repaid in 2022 rose to 44.4 percent of India's total external debt as on December 31 from 43.2 percent at the end of September 2021, accounting for 43.1 percent of the foreign exchange reserves.
While the latest numbers on the govt's finances continue to show the Centre is on track to meet its revised #fiscal deficit target of 6.9% of #GDP for FY22, February saw a sharp rise in the #deficit.
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https://www.moneycontrol.com/news/business/economy/centres-fiscal-deficit-jumps-to-82-7-of-fy22-target-in-april-2021-february-2022-8302031.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/economy/centres-fiscal-deficit-jumps-to-82-7-of-fy22-target-in-april-2021-february-2022-8302031.html?utm_source=telegram&utm_medium=social
Moneycontrol
Centre's fiscal deficit jumps to 82.7% of FY22 target in April 2021-February 2022
The fiscal deficit rose sharply in February, having amounted to 58.9 percent of the full-year target in April 2021-January 2022.
India's annual median #GDP growth forecast stood at 7.4% for 2022-23, according to a survey by the FICCI released today.
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https://www.moneycontrol.com/news/business/economy/indias-fy23-gdp-growth-estimated-at-7-4-rbi-rate-hike-of-50-75-bps-seen-by-fy-end-ficci-survey-8311901.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/economy/indias-fy23-gdp-growth-estimated-at-7-4-rbi-rate-hike-of-50-75-bps-seen-by-fy-end-ficci-survey-8311901.html?utm_source=telegram&utm_medium=social
Moneycontrol
India may clock 7.4% GDP growth in FY23; RBI likely to hike rates by 50-75 bps: FICCI survey
On the upcoming RBI monetary policy to be announced on April 8, the survey of economists said the central bank will refrain from undertaking policy reversal and is expected to look through temporary inflation spikes in the near term.
#RBIMonetaryPolicy
π #RepoRate left unchanged at 4%
π RBI lowered the projected #GDP growth for FY23 to 7.2%
π #CPIInflation is seen averaging higher at 5.7% in FY23
Here are key takeaways from #RBI Guv Shaktikanta Das' speech π»
https://www.moneycontrol.com/news/business/announcements/rbi-monetary-policy-key-takeaways-from-governor-shaktikanta-das-address-2-8333781.html?utm_source=telegram&utm_medium=social
π #RepoRate left unchanged at 4%
π RBI lowered the projected #GDP growth for FY23 to 7.2%
π #CPIInflation is seen averaging higher at 5.7% in FY23
Here are key takeaways from #RBI Guv Shaktikanta Das' speech π»
https://www.moneycontrol.com/news/business/announcements/rbi-monetary-policy-key-takeaways-from-governor-shaktikanta-das-address-2-8333781.html?utm_source=telegram&utm_medium=social
Moneycontrol
RBI Monetary Policy: Key takeaways from Governor Shaktikanta Das' address
RBI Monetary Policy: The MPC leaves key rates steady, continues with the accommodative stance but rephrases it stressing on the need for withdrawal of accommodation. Raises inflation and lowers growth forecasts