macro Capital expenditure of 18 states surge 2.2% in H1 FY23: ICRA The report says that there needs to be a whopping increase of 57% in the capital expenditure of these states to meet their FY23 budget target. By Astha Oriel
macro Govt halves windfall tax on domestic crude oil; here's how oil stocks reacted The windfall tax on domestically produced crude oil has been halved to ₹4,900 per tonne from ₹10,200 per tonne, whereas the tax of export of diesel has been slashed to ₹8 per litre. By Astha Oriel
enterprise Energy efficient technologies can open investment opportunity of $1.6 trillion in India: World Bank The report says that shifting to a more energy-efficient pathway could lead to a substantial reduction in the expected carbon-di-oxide levels over the next 20 years. By Astha Oriel
macro Global trade to slow down in 2022 and 2023: WTO The WTO has cited global macroeconomic situations such as the Russia-Ukraine crisis, soaring energy prices, and monetary tightening in major economies to be among the reasons for the slowdown. By Astha Oriel
macro S&P Global cuts India’s GDP forecast by 30 bps to 7% for FY23 Earlier the rating agency had projected the country’s economic growth to be at 7.3% for the current fiscal year. By Astha Oriel
