-Moneylife.in While highlighting the need for proactive building up of adequate capital for banks to withstand possible asset quality deterioration, the Reserve Bank of India (RBI) has warned that the gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) may escalate to 14.8% under a severe stress scenario. In its financial stability report (FSR), the central bank says, "Macro stress tests incorporating the first advance estimates of gross domestic product (GDP) for...

-Livemint.com The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap After dithering on a fiscal stimulus package for nearly a year, India’s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming budget. The government hopes that growth will generate higher...

-Livemint.com/ PTI Icra expects the headline CPI inflation to decline to 4.6% in FY2022 from 6.4% in FY2021, while exceeding the mid-point of the Monetary Policy Committee's medium target of 4%, for the third consecutive year MUMBAI: Domestic rating agency Icra Ratings on Monday said it expects the country's real gross domestic product (GDP) to grow by 10.1% in FY2022. It, however, said the value of GDP in the next financial year will...

-Newsclick.in Timidity vis-à-vis international finance capital, callousness toward people, and cynicism in manipulating the electorate and legislators, have made the Modi government one of the most ultra-Right governments in the world. The Narendra Modi government must be the most timid in the world vis-à-vis international finance capital. By the same token, it must be the most callous in the world vis-à-vis the working people of the country. The one is the flip...

-The Indian Express Budget needs to ramp up spending on health and education. Pandemic has enhanced inequalities, shown up absence of safety nets. India is committed to achieving the Sustainable Development Goals (SDGs) by 2030, and social sector development is important in reaching them. Progress in this sector has intrinsic (for its own sake) and instrumental (for higher growth) value. It is needed even to build a $5 trillion economy faster. Inequalities...