-The Hindu Business Line Trade deficit, primary income outweighed services surplus: ICRA India’s current account deficit (CAD) doubled sequentially to an all-time high of $36.4 billion in Q2 FY23 from $18.2 billion in the previous quarter, and was nearly four times higher than the $9.7 billion posted a year ago. CAD for FY22 was at $38.77 billion. The Q2 CAD was equivalent to 4.4 per cent of the country’s GDP as against 2.2...
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Ensuring food security for all -Shruti Khanna
-The Hindu Business Line The National Food Security Act could adopt standardised criteria to identify beneficiaries across States/UTs India’s development report cards have long been plagued by high incidence of malnutrition, making it an often-cited example of the nation’s growth conundrum. With the country being home to more than one-third of undernourished children, it is evident that the problem underlines the need for a targeted and multi-sectoral approach, with the benefits of...
More »Opposition seeks answers to questions on economy from Centre
-The Telegraph Corporate tax contributes 8 percentage points less to the gross tax revenue now than it did in 2014 when the Modi government took over, says P Chidambaram New Delhi: The Opposition on Monday sought answers to fundamental questions on the economy that finance minister Nirmala Sitharaman has strenuously asserted is the fastest growing in the world. Corporate tax, paid by business houses, contributes 8 percentage points less to the gross tax...
More »Fish farming turns lucrative for Chhattisgarh women, supports rural economy -R Krishna Das
-Business Standard 'We wanted to do some work to make ourselves financially strong, but due to lack of guidance, things could not materialise Raipur: Pramina never had a notion that fish, which she loves to cook, could be a good source of income for her. In her mid-thirties, the resident of Chervapara village in Baikunthpur development block of Korea district is eyeing the big catch. Overwhelmed with the initial outcome, she and her group...
More »E-rupee transactions will not be tracked
-The Telegraph Many experts, including former RBI governor D Subbarao, have flagged concerns over the privacy aspect of CBDC Mumbai: The RBI on Wednesday said the central bank digital currency (CBDC) will remain anonymous and regulations that are applicable to paper currency will prevail on the e-rupee. Earlier this month, the RBI had begun a pilot for the retail digital rupee after it launched another project for wholesale digital rupee among financial institutions. Many...
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