Even after central banks recognized they got their inflation calls wrong last year, they’ve continued to flub their policy guidance, threatening greater damage to their credibility, roiling markets and undermining the pandemic recovery. The Federal Reserve is now expected to hike interest rates by 75 basis points Wednesday, just weeks after Chair Jerome Powell and… Continue reading World’s central banks got it wrong, and economies pay the price
Author: Economic Times of India Online News
5G soon in India, to be 10 times faster than 4G
New Delhi: With the Union Cabinet approving the proposal to conduct a spectrum auction, India is soon to get a strong ecosystem for the launch of 5G services which will likely to about 10 times faster than 4G. To boost digital connectivity, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal… Continue reading 5G soon in India, to be 10 times faster than 4G
GoM meet on GST rate rationalisation to be held on June 17
The Group of Ministers (GoM) headed by Finance Minister Nirmala Sitharaman will be holding a meeting to review and finalize the Goods and Service Tax (GST) Rate rationalisation on June 17. The proposal will also focus on the merger of the GST slab. Earlier last month, PTI sources had reported that a GST tax rate… Continue reading GoM meet on GST rate rationalisation to be held on June 17
90% Indian CXOs view GST rollout as a positive step: Study
Automation of tax compliances and introduction of e-invoicing facility emerged as the most beneficial reforms introduced by the government. NEW DELHI: Giving a thumbs up to the GST regime, 90% Indian CXOs across key sectors have backed this technologically driven indirect tax regime. Industry leaders are of the view that ‘one nation, one tax’ reform… Continue reading 90% Indian CXOs view GST rollout as a positive step: Study
Fighting inflation: India looks to rains, not just rates
As India faces a crippling surge in food and fuel prices, its policymakers will be counting mostly on this year’s monsoon rains, not just interest rate hikes, to take inflationary pressure off the country’s households and businesses. Like its international peers, the Reserve Bank of India is expected to raise rates aggressively over the next… Continue reading Fighting inflation: India looks to rains, not just rates
WTO ministerial conference outcome looks hazy
Geneva: An outcome from the ongoing WTO ministerial looked out of reach on the penultimate day of the conference as divergent views remained on fish and food stockholding negotiations. With the rich countries unduly pressuring India to accept the decisions on their terms and New Delhi not giving in, nothing substantial is expected from the… Continue reading WTO ministerial conference outcome looks hazy
What are key demands of India’s trading partners
GENEVA: The pandemic, WTO’s response to it, impact of the Ukraine-Russia war and the subsequent food scarcity have been the dominant theme at the 12th ministerial conference. TOI scanned through ministerial statements to identify the key issues flagged by some of India’s major trading partners. . . › Brazil: Health plan should cover other diseases… Continue reading What are key demands of India’s trading partners
Greek power utility PPC to buy e-mobility startup
The startup, called Carge, has developed a mobile application that allows electric vehicles drivers to find the quickest route to a charging station in Greece. ATHENS – Greek power utility Public Power Corp. (PPC) said on Tuesday it was buying an e-mobility services startup to help upgrade its expanding network of charging stations for electric… Continue reading Greek power utility PPC to buy e-mobility startup
A stronger dollar could make India’s inflation fight tougher
The inflation in the United States surging to record levels of 8.6% in May, the highest level since December 1981, will make the Fed more aggressive in its action. India’s inflation worries will compound as a stronger dollar makes India’s imports more costlier. In intraday trade, the rupee hit a new low of 78.28 and… Continue reading A stronger dollar could make India’s inflation fight tougher
Andhra Pradesh seeks to raise over INR 500 crore through HSRPs
As part of its continued efforts to raise additional resources, the Andhra Pradesh government has decided to make High Security Registration Plates (HSRP) mandatory for all vehicles, including older ones, in line with the Supreme Court judgment. The cash-starved state government hopes to net over INR 500 crore from HSRP as each set will cost… Continue reading Andhra Pradesh seeks to raise over INR 500 crore through HSRPs