On May 4th, RBI caught the country by surprise by announcing a 40-basis point increase in the policy repo rate. In addition, RBI increased the CRR by 50 basis points to 4.5%. The announcement was made after an emergency meeting of the Monetary Policy Committee. Later, on the same day and after the RBI announcement,… Continue reading Inflation conundrum: The need to tackle supply-side disruptions without dampening economic recovery
Author: Economic Times of India Online News
View: India can’t afford to lose the world’s trust on trade
Modi himself is intensely attuned to international perceptions of India. Yet he keeps on being forced into embarrassing climbdowns by his own government. Indian Prime Minister Narendra Modi often speaks of “trusted” supply chains. At the G-20 last year, he said that global supply chains depend upon “trust, transparency, and timeframes”; he’s made a similar… Continue reading View: India can’t afford to lose the world’s trust on trade
Private equity to boost EV foray of Greaves Cotton
Greaves Cotton through its electric vehicles (EV) subsidiary has become the second listed company after Tata Motors to tap overseas private equity to fund the EV venture. Abdul Latif Jameel International (ALJI), a Saudi based fund, will invest $150 million (Rs 1,160 crore) for 35.8% stake in Greaves Electric Mobility (GEM). This values the latter… Continue reading Private equity to boost EV foray of Greaves Cotton
NHAI to raise ₹20k crore from monetisation
During 2021-22, the NHAI had raised Rs 8,000 crore through monetisation of five projects accounting for 400 km through the first tranche of InVIT. NEW DELHI: The National Highways Authority of India (NHAI) has put out a list of 14 NH projects with a cumulative length of 1,750 km which will be monetised during the… Continue reading NHAI to raise ₹20k crore from monetisation
Auto sales in May 2022: All segments move up from the pandemic-marred low base of May 2021
For the passenger vehicle segment in May 2022, there were production constraints owing to the semiconductor shortage. New Delhi: The good news is that all segments of the automobile industry were in the green in May 2022. This comes after a long time and looks like a real relief. But the not-so-good news is that… Continue reading Auto sales in May 2022: All segments move up from the pandemic-marred low base of May 2021
Bilateral trade between India and Korea grew 40% to $23.7 billion in 2021
The bilateral trade between India and Korea grew 40 per cent to USD 23.7 billion in 2021, according to Korea Trade-Investment Promotion Agency (KOTRA). In 2020, the value of bilateral trade between the two countries was at USD 16.9 billion. KOTRA is the economic division of the Embassy of the Republic of Korea in India.… Continue reading Bilateral trade between India and Korea grew 40% to $23.7 billion in 2021
Supply snarls promise Southeast Asia bigger slice of trade pie
Trade disruptions from China’s lockdowns and the war in Ukraine are seen doing for Southeast Asia what the US’s spat with Beijing couldn’t meaningfully do — redistribute supply chains. “Much of the discussion around dependency on China has been linked to the US-China rivalry,” according to a report by Hinrich Foundation. But the latest “disruptions… Continue reading Supply snarls promise Southeast Asia bigger slice of trade pie
USPS expects to boost purchase of electric delivery vehicles
The US Postal Service (USPS) said on Wednesday it is seeking to boost the number of electric delivery vehicles it plans to buy as it modernizes its network for a new delivery plan. The USPS currently plans to buy at least 10% EVs including 10,019 of an initial $2.98 billion order of 50,000 from Oshkosh… Continue reading USPS expects to boost purchase of electric delivery vehicles
Jio-bp, MG Motor, and Castrol join hands to set up 4W e-charging infra in India
Representative Image New Delhi: Today MG Motor India and Castrol India entered into a partnership with Jio-bp to explore mobility solutions for electric cars. With this partnership, the companies will explore establishing a four-wheeler EV charging infrastructure and expand Castrol’s existing auto service network to cater to EV Customers. Under the partnership, Castrol will develop… Continue reading Jio-bp, MG Motor, and Castrol join hands to set up 4W e-charging infra in India
India’s Q1 growth seen in double digits but inflation, crude prices pose risks
India’s economy is off to a strong start in the new financial year with several high-frequency indicators holding firm despite multiple headwinds, bouncing back from the tepid fourth quarter of FY22. Data released June 1 showed goods and services tax (GST) collections topped ₹1.4 lakh crore for the third month running in May, while the… Continue reading India’s Q1 growth seen in double digits but inflation, crude prices pose risks