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Explained: RBI’s concerns on slow deposit growth -Saptaparno Ghosh

-The Hindu Why did senior officials of the apex banking regulator meet the MD and CEOs of public and certain private sector banks? What are the possible reasons for low deposit growth? What is the net status of non-performing assets? Has credit growth risen when compared to the year-ago period? The story so far: The Governor, Deputy Governor and a few other senior officials of apex banking regulator, the Reserve Bank of...

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Budget should focus on job creation, steps to broaden tax base: India Inc to Sitharaman

-PTI/ The Telegraph Confederation of Indian Industry, which was part of the virtual pre-Budget meeting, calls for an aggressive focus on privatisation of public sector units The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday. "The external scenario is likely to continue...

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Charting the economic journey ahead -C Rangarajan

-The Hindu India has no choice but to grow fast, given the present level of per capita income The big question before India is where its economy will be 25 years from now. By 2047, India will complete 100 years after Independence. By that time, will India achieve the status of a developed economy, which means achieving a minimum per capita income equivalent to $13,000? We also need to know what the...

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Global Hunger Index: Misplaced Debate and Ignoring Priorities -Achin Chakraborty and Simantini Mukhopadhyay

-The India Forum The annual public debate over the poorly constructed Global Hunger Index is all hot air; in the process the critical issue of child undernutrition in India, where authentic data is available showing very slow improvement, gets ignored. In the seminal book An Uncertain Glory: India and its Contradictions, Jean Drèze and Amartya Sen lamented that "social failures that are of enormous importance for development" received scant attention in public...

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Energy prices to fall 11% in 2023 as economies slow down: World Bank study -Raghav Aggarwal

-Business Standard Currency depreciation in developing countries could deepen food and energy inflation: Commodity Markets Outlook report Global energy prices will ease in the next couple of years but "remain considerably" higher than the historic average, said a report on Wednesday. In many economies, prices in domestic-currency terms remain elevated because of depreciation and this could deepen food and energy crises. "As the global growth slowdown intensifies, commodity prices are expected to ease in...

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