Budget neglects export sector!
Bikky Khosla | 16 Jul, 2019 |
| Highlighting the importance of exports on a country’s economy, the latest Economic Survey said rightly that when an economy is in a virtuous cycle, investment, productivity growth, job creation, demand and exports feed into each other. |
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MSME-friendly Budget
Bikky Khosla | 08 Jul, 2019 |
| Union Finance Minister Nirmala Sitharaman last week presented the first budget of the Modi government in its second term. She laid down a 10-point vision to transform India's economy to reach USD 5 trillion by 2025. |
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Will Budget bring cheer to MSMEs
Bikky Khosla | 01 Jul, 2019 |
| Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy …. This sector is key to addressing the lingering job crisis in the country. This is what we often hear in speeches. |
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GST Council meet
Bikky Khosla | 25 Jun, 2019 |
| The 35th GST Council meet, held in New Delhi last week under the chairmanship of Union Finance Minister Nirmala Sitharaman proved a mixed bag. It did not deliver any big surprises, but introduced some minor changes only to the existing structure and procedures under the GST. |
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Paving the way for exports
Bikky Khosla | 18 Jun, 2019 |
| Merchandise exports grew 3.93 percent year-on-year to $29.99 billion in May. Imports were 7.76 percent higher at $45.35 billion during the month. |
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Fixing the economy
Bikky Khosla | 11 Jun, 2019 |
| The last week saw some important developments which augur well for the economy. First, the government formed two new cabinet committees to check the declining trend in growth, generate employment, spur demand and push consumption |
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Thumbs up to Modi 2.0
Bikky Khosla | 27 May, 2019 |
| Prime Minister Narendra Modi has roared back to power as hundreds of millions of Indians gave a thumping mandate to the National Democratic Alliance led by the Bharatiya Janata Party. |
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Industrial slowdown
Bikky Khosla | 14 May, 2019 |
| The Index of Industrial Production (IIP) contracted by 0.1% in March. This was against the consensus growth expectation of 1.2%. Also, it is after a gap of 21 months the index entered negative territory. |
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Manufacturing, services sectors' worries
Bikky Khosla | 07 May, 2019 |
| India’s manufacturing sector’s performance eased to an eight-month low in April. The Nikkei India Manufacturing Purchasing Managers' Index registered a reading of 51.8 in April, against the 52.6 in March. |
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End of US waivers on Iran oil!
Bikky Khosla | 30 Apr, 2019 |
| US President Donald Trump has ended the waiver allowed to certain countries including India to buy Iranian oil and threatened sanctions if the embargo is not complied with. |
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A look at, and beyond, GDP numbers
Bikky Khosla | 23 Apr, 2019 |
| India's GDP growth forecast for 2019-20 was lowered by multiple agencies recently. First, the ADB cut it to 7.2% from 7.6%. It was followed by the RBI’s cut to 7.2% from 7.4% and then by the IMF to 7.3%. |
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Bank credit growth
Bikky Khosla | 15 Apr, 2019 |
| Bank credit rose by 13.24 per cent to Rs 97.67 lakh crore in the fortnight to March 29, while deposits grew by 10.03 per cent to Rs 125.72 lakh crore for the period, according to data released by the Reserve Bank of India (RBI) last week. |
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Economic concerns amid poll heat
Bikky Khosla | 09 Apr, 2019 |
| With less than a week left for the Lok Sabha elections, our political parties are gearing up for an intense electoral battle. The ruling party has, in its manifesto, promised, among others, a |
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RBI rate cut eagerly awaited
Bikky Khosla | 01 Apr, 2019 |
| Retail inflation rose at a faster pace than anticipated in February. It picked up to 2.57 percent, after easing to 1.97 percent in January. This increase in prices is mainly due to higher costs of housing, health, education services and fuel. Wholesale inflation also showed a similar trend in the month, rising to 2.93 percent from 2.76 percent in January, due to rise in prices of fuel, electricity and some household items. Both readings are still within the RBI's comfort zone, however. |
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Strong Rupee, weak exports
Bikky Khosla | 26 Mar, 2019 |
| The Indian Rupee has recently seen an upward trend. Though it ended on a flat note at 68.96 per US dollar on Monday, sustained foreign fund inflows and narrowing trade deficit have helped the currency gain a lot of strength last week. |
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Slowing economy needs a boost
Bikky Khosla | 19 Mar, 2019 |
| The last week saw the release of data on some important macroeconomic parameters, including exports, industrial output growth and inflation. According to the Commerce Ministry, our exports rose 2.44 percent in February while wholesale inflation for the month rose to 2.93 percent. |
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GSP withdrawal
Bikky Khosla | 11 Mar, 2019 |
| US President Donald Trump last week announced that the US would end India's $5.6 billion trade concessions under the Generalised System of Preferences (GSP) programme. |
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Renewed growth concerns
Bikky Khosla | 05 Mar, 2019 |
| The government last week cut Gross Domestic Product (GDP) growth estimates for 2018-19 to 7 percent, down from the 7.2 percent attained during the previous financial year. These figures are worrisome. |
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Startups get a boost
Bikky Khosla | 23 Feb, 2019 |
| Startups have been reshaping the landscape of the Indian industry for quite some years now, making the country one of the largest startup ecosystems in the world. |
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Export sector concerns
Bikky Khosla | 19 Feb, 2019 |
| A meeting of the Board of Trade (BoT) was convened by the Commerce Ministry last week in the national capital. It was attended by top officials from several ministries, including Commerce, Finance and Agriculture and representatives of all major industry bodies, Export Promotion Councils and industrialists. |
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RBI surprises positively with rate cut
Bikky Khosla | 12 Feb, 2019 |
| The Reserve Bank of India (RBI) last week cut its policy rate by 25 basis points from 6.5 percent to 6.25 percent. It also changed its policy stance back to "neutral" from "calibrated tightening". |
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Interim Budget 2019-20
Bikky Khosla | 05 Feb, 2019 |
| The Centre presented the Interim Union Budget for 2019-20 in Parliament last week, and as was expected, the shadow of the general election fell squarely on it. |
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Budget 2019: Industry, MSMEs need support
Bikky Khosla | 29 Jan, 2019 |
| The Government will present its Budget or Vote-on-Account in the Lok Sabha on February 1. With the next general elections expected in May and in the backdrop of the victories by its Opposition parties in three state polls last month |
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Delayed payment: A solution coming!
Bikky Khosla | 22 Jan, 2019 |
| Late payment is a headache to small and medium enterprises. While majority of SMEs suffer from poor cash flow, still they extend credit to their clients, in fear of losing business. |
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Archives:
2019 ( 28 )
2018 ( 53 )
2017 ( 53 )
2016 ( 51 )
2015 ( 53 )
2014 ( 360 )
Index
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 18 Jul, 2019 |
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| Daily Poll |
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| Is the Union Budget 2019 MSME-friendly? |
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