India seeks revision in price of gas via TAPI line
India has sought re-negotiation of the natural gas price it is to source through a proposed $10 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline due to slump in global energy markets.
Credit registry: RBI Act may need tweak
RBI Deputy Governor proposed the enactment of a special law to enable the proposed public credit registry (PCR) in order to resolve the deep data asymmetry in the financial system and prevent the bad loan accumulation.
CAD to widen to 2.5% of GDP: Moody’s
According to Moody’s and other experts, India’s current account deficit (CAD) will widen to 2.5 per cent of the GDP in the current fiscal due to higher oil prices that has been accentuated by rupee depreciation.
U.S. tech giants plan to fight India’s data localisation plans
U.S. technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India.
Half of farm households indebted: NABARD
According to a recent survey by the National Bank for Agriculture and Rural Development (NABARD), more than half the agricultural households in the country have outstanding debt.
Steel imports from Japan, South Korea surge
A recently published government document showed that India is being hit by a wave of steel from producers in Japan and South Korea, as mills there redirect supply after U.S. President Donald Trump slapped an import duty on the alloy earlier this year.
India Ratings cuts growth forecast for FY19 to 7.2%
India Ratings & Research, revised down its growth estimate for Indian economy to 7.2 per cent from its earlier projection of 7.4 per cent for 2018-19.
Crude oil import bill is likely to jump by about USD 26 billion
As per the official statement, India’s crude oil import bill is likely to jump by about USD 26 billion in 2018-19 as rupee dropping to a record low has made buying of oil from overseas costlier.
Trade deficit hits 62-month high in July
As per the official data released, India’s trade deficit widened to a more than five year high of $18.02 billion in July, driven largely by a surge in oil imports.
WPI inflation slows to 5.09% in July
According to official data released on 14th August, Inflation at the wholesale level slowed to 5.09% in July largely due to a cooling down of food inflation.