-The Hindu Business Line Share of imports to reduce to 55% by FY22, says ICRA Ahmedabad: The Centre’s push for oilseeds production can potentially BRIng down India’s dependence on imports for edible oil. The share of imports in overall edible oil consumption may decline from 60 per cent at present to about 55 per cent by FY22, according to rating agency ICRA. The Centre’s National Mission on Oilseeds and Oil Palm (NMOOP) — to...
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Downturn in India's growth 'very worrying': Kaushik Basu
-PTI Washington: Basu said from 2003 to 2011, India was growing typically over 8 per cent per annum. The year of global crisis, 2008, it dropped BRIefly to 6.8 per cent, but over 8 per cent growth had become the new norm for India. The downturn in India’s growth is “very worrying”, World Bank’s former chief economist Kaushik Basu said, underscoring that this is the “hefty price” the country had to pay...
More »India Beats Pakistan To Be The 'Most Corrupt Country in Asia'
-Outlook India's neighbour, Pakistan, stands fourth in the list with 40 per cent BRIbery rate. If the statistics furnished by the Transparency International (TI), an anti-corruption global civil society organisation, are anything to go by, India has a long way ahead to fulfil one of the many objectives as told by the current Indian government - defeating the malice of corruption. A recent survey by the Transparency International states that India is the...
More »At 5.7%, Q1 GDP growth slumps to 3-year low -KR Srivats
-The Hindu Business Line Uncertainty over GST and related de-stocking hit industrial sector in Q1, says Anant New Delhi: Three key macro-data points released on Thursday presented a worrying picture of the economy, adding credence to the Reserve Bank of India Monetary Policy Committee’s recent fears of slower growth. The keenly-awaited first-quarter GDP growth number came in at 5.7 per cent, a three-year low and far lower than the 7.9 per cent GDP...
More »RBI says 98.96% of Rs 500, Rs 1000 notes returned after demonetisation -Gopika Gopakumar
-Livemint.com RBI annual report estimates value of Rs 500 and Rs 1000 notes returned was Rs 15.28 trillion against Rs 15.44 trillion in circulation before demonetisation Mumbai: According to Reserve Bank of India’s (RBI) annual report released Wednesday, 98.96% of Rs 500 and Rs 1000 notes (by value) that were invalidated due to the demonetisation exercise had been returned by the end of June. The numbers put to rest one of the big...
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