-CBGA Blog India presented its latest Union Budget (for FY 2022 -23) in early February amid much hope, as the country is still reeling from the aftermath of Covid-19 pandemic, which has lasted for two years. To deal with the pandemic induced socio-economic crisis, countries across the world have been announcing policy measures outside of their annual budgets. The Indian government, too, made many such announcements, but given the scale of the...
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India to be one of Asia’s ‘biggest losers’ from the Ukraine war as Russia slammed by global sanctions -Paran Balakrishnan
-The Telegraph Recovery will stumble, inflation will rise, rupee could weaken further, say economists New Delhi: India abstained on the US-sponsored UN Security Council “deploring” Russia’s invasion of Ukraine. But we definitely won’t be able to stay on the sidelines when it comes to facing the economic consequences of the war, the most serious conflict in Europe since the second world war. India’s not a part of organisations like Nato whose members like...
More »India’s GDP growth slows down to 5.4% in October to December quarter
-Scroll.in The government has projected 8.9% growth in 2021-’22, which is lower than the January estimates. India’s Gross Domestic Product grew by 5.4% in the October-December quarter and is likely to expand at 8.9% in 2021-’22 financial year, government data showed on Monday. During the second quarter (July-September) of the 2021-’22, the economy grew by 8.4%. In its first advance estimates released in January, the National Statistical Office had projected 9.2% growth for...
More »Healthcare Budget Allocation Low As It's States' Responsibility: Finance Secretary
-PTI/ NDTV Finance secretary T V Somanathan on Monday said healthcare is primarily the responsibility of the states Mumbai: Finance secretary TV Somanathan on Monday said healthcare is primarily the responsibility of the states, amid suggestions by the industry that the budgetary allocation for the sector is still low at 1.3 per cent of GDP. At a post-budget interaction of industry representatives in Mumbai with finance minister Nirmala Sitharaman, Confederation of Indian Industry...
More »Strange optimism -Renu Kohli
-The Telegraph The RBI’s inflation analysis goes against the grain The budget for 2022-23 was saluted for its growth push despite the record gap in revenues and expenditures: Rs 15 trillion would be borrowed to fill these. This, however, did not hold back the stock market from touching the sky, nor commentary greeting the raised capex to draw in private investments, create jobs, and support demand. Days later, the euphoria subsided as...
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