Economic Recovery

Union budget likely to continue capex hike to boost investment

The previous budget for 2022-23 had allotted Rs 7.50 lakh crore as capital expenditure, which was a 35.4 per cent jump over 2021-22.

published on : 22nd January 2023

Economy on recovery path; inflationary pressure, geopolitical risks warrant careful handling of situation: RBI

The RBI's 25th Financial Stability Report said banks, as well as non-banking financial institutions, have sufficient capital buffers to withstand shocks.

published on : 30th June 2022

Compliance, economic recovery behind higher tax-GDP ratio: Government

The government has credited better compliance and economic recovery for the significant jump in tax-GDP ratio to 11.7 percent in 2021-22.

published on : 15th April 2022

UN says Ukraine war threatens to devastate many poor nations

The task force calls on countries to ensure a steady flow of food and fertilizer through open markets, lift export restrictions, and direct surpluses and reserves to those in need.

published on : 14th April 2022

India on cusp of major economic recovery; talks of stagflation 'overhyped': Niti Aayog VC

On rising inflation, the Niti Aayog Vice Chairman said that RBI is keeping a close watch as per its mandate.

published on : 3rd April 2022

Government did not raise taxes to fund economic recovery, focussed on capex: FM

The reduction in corporate tax has "helped the economy, government and companies, and we are seeing the progress", she said.

published on : 25th March 2022

State-owned banks on course to book better profits next fiscal: Report

The report expects earnings and profitability of banks to recover next fiscal on the back of falling loan impairment charges that improved to 1.2 per cent in H1 of FY22, from 1.7 per cent a year ago.

published on : 11th March 2022