economy

December 04, 2022 09:54 AM IST

Fuel Prices on December 4: Check petrol, diesel rates in Delhi, Mumbai and other cities

Fuel prices remain unchanged. In Delhi, petrol costs Rs 96.72 a litre and diesel Rs 89.62 a litre. In Mumbai, petrol is being sold for Rs 106.31 and diesel for Rs 94.27

Moneycontrol Pro Weekender | When central bankers laugh

Cracking jokes during a monetary policy review meeting? Don’t laugh it off. Central bankers in advanced economies are actually walking the laugh

Chandigarh aims to phase out fuel vehicles, but will there be enough EVs to meet the ambitious targets?

Chandigarh is among the 20 states and union territories (UTs) that have unveiled their separate policies to promote EV sales so far, after the centre unveiled its first phase of the FAME India Scheme.

Centre seeks to roll back states’ ability to borrow more

States’ borrowing, including those to undertake power sector reforms, is likely to be capped at 3.5% of their gross domestic product for the fiscal year starting April 1.

Larry Summers sees more Fed rate hikes than markets expect

Business in the Week Ahead (December 5-9, 2022)

Central banks of India, Australia, Canada will decide on interest rates. Dharmaj Crop Guard will list on the stock exchanges

Moneycontrol Pro Panorama | Is a geopolitical thaw in the making? Markets are not holding their breath

In today’s edition of Moneycontrol Pro Panorama: China unrest is bad news for Xi Jinping, Jet Airways' future looks cloudy, fuel prices and politics do not mix, all that glitters is gold, and more

Gold still adds a little lustre to a very well-diversified portfolio

Volatility in prices has taken the sheen off the metal as a safe-haven asset — though the rich still like their jewellery

China Protests | Xi Jinping takes one step back to prepare for two steps forward later

To understand the ongoing protests in China, it is necessary to remember that change has been the only constant in that country in the last seven decades

Legal Affairs | Collegium system has its flaws, but government interference is not the remedy

The Union Law Minister forgets that it was his own government which nixed a plan to make the process of appointment of judges more transparent

Directors’ disqualification on default is a remedy with severe side-effects

Well intended they may be but harsh company law provisions disqualify directors for five years if their company has incurred certain financial defaults. It’s no surprise that directors jump ship at such companies, worsening their problems

As Nifty creates all-time highs, what should investors do?

Investors should do what the US Fed is doing, wait and watch and let the evolving situation be a guide. Right now, it’s saying play safe

Protests across China reflect a governing crisis — that’s bad news for Xi Jinping

The CPC’s self-governance model has not adequately reflected the ‘people’s interests’, but prioritised maintaining ‘political stability’ at all costs for regime survival and continuity

Budget 2023: India must sustain its growth momentum despite stiff global challenges

With rising global inflation, threat of pause as interest rates rise across the world, a national budget can do little to manage domestic public finances. The one outcome it can deliver is to ensure domestic growth continues

Digital rupee — A long way to go in a land where cash is the king

Unless the retail digital rupee achieves critical mass, it will have limited impact on the monetary and financial systems, payments infrastructure, and welfare policies of the country 

With its lenders back in the court, Jet’s future looks cloudy

In retrospect, it is clear that the consortium that bid for and bagged the rights to revive the airline underestimated the financial requirements of the task they had undertaken

Rupee retreats from two-week peak, but closes higher

Despite strong inflows and positive cues, market participants are doubtful about the rupee's likely trend for the rest of the year as a wide current account keeps the currency under pressure.

GDP data points towards weak growth patches ahead

Even as recovery in domestic economic activity is yet to be broad-based, protracted global drags in the form of still-elevated prices, shrinking corporate profitability, demand-curbing monetary policies and diminishing global growth prospects weigh on output

Unable to order butter? Here’s why

The availability of butter across the country was impacted by a fall in milk supply, along with exponential demand, starting in the peak July-October season.

Gujarat Elections | Why this contest is crucial for AAP

AAP will become a national party even if it only wins a few seats in Gujarat. It is, without question, a remarkable accomplishment on its own

Unlocking state economic activity – key to harness India’s growth potential

Over the last decade, as world slowed down post global financial crisis, Indian share has grown significantly, and in 2021, its share was 3.3%, becoming the 6th largest economy

Bharat Jodo Yatra | Marathon man’s journey is already legendary, but Rahul Gandhi must now walk the talk

Are we seeing the Congress’ national renaissance, or is this a strategy for burnishing, reimagining the damaged brand of Rahul Gandhi? The answer depends upon one’s time horizon for assessment 

Government, RBI caution on cryptocurrencies has served India well

While the exact number of cryptocurrency investors and the scale of investments in India is not clear, in all likelihood the Indian investor community has not faced the brunt of crypto meltdown as have the investors in other countries

Chart of the Day: Why China’s growth matters so much for the global economy 

While Chinese stimulus held up global growth after the Global Financial Crisis, this time China won’t be able to play the same role 

Start-up Street | When does a start-up stop being one?

The question arises as we see some start-ups raising more money than even established companies but still laying claim to the moniker. Opinion is divided on what separates the two but they share a common aim