Key expectations from the Union Budget on Direct Taxation…

Direct taxation is normally one of the key areas to be watched in any budget. Broadly this budget is likely to focus on 2 key themes. Firstly, the focus of the Union Budget will be on mitigating the p...
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Why are tax revenues higher despite the demonetization drive?

Finance Minister, Arun Jaitley, surely had reasons to smile when he announced a growth in direct and indirect tax revenues for the April-December 2016 period. Of course, demonetization was only presen...
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Trade Data shows some signs of improvement in December…

The trade data for the month of December 2016 was gratifying in that the exports were up by 15% on a sequential basis. Like the IIP numbers, the exports data also surprised on the upside because it wa...
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CPI comes in lower but IIP actually flatters on the upside…

It was a day of positive macro flows for the Indian economy on the inflation and the industrial growth front. Inflation came in slightly lower helped by lower food inflation. Of course, non-food infla...
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GDP advance-estimates confirm lower GDP growth this fiscal…

The GDP advance-estimates (at 7.1% for fiscal year 2016-17) put out by the Central Statistical Office (CSO) of the Government of India has virtually confirmed a slowdown in growth. This is as against ...
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Key takeaways from the PMI numbers for December 2016…

The PMI (Purchase Manager Index) is a classic measure of whether the particular segment is seeing an expansion or a contraction. Markit Economics calculates this PMI for manufacturing and services sep...
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Why the Union Budget 2017-18 could be a path breaker…

Union Budget 2017-18 will be announced in the first week of February. Structurally it will be unique and pioneering in 3 distinct ways. Firstly, it will be the first budget to be presented on the 01st...
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RBI Financial Stability Report (FSR): What are the key takeaways…?

The RB I released its Financial Stability Report (FSR) covering the key aspects of the financial stability of the financial markets in general and banking system in particular. Here are the key takeaw...
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Key takeaways from PM Narendra Modi’s New Year address…

The New Year address by the Honourable Prime Minister on 31st December was special in more ways than one. It was, probably, the first time that a prime minister was addressing the nation directly on t...
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Trade data raises some questions for Indian macros…

India’s trade numbers announced for the month of November have been largely in line with expectations. While the Trade deficit at $13 billion for the month of November is definitely at a 2-year high...
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