43% MSMEs won't reach pre-Covid margins this fiscal: Crisil
Crude prices have risen significantly this fiscal, averaging $104 per barrel between April and October compared with $61 per barrel pre-pandemic.
crude oil prices
November 2022
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Growth top budget priority; energy, fertiliser prices key challenges: FM
Amid the ongoing geo-political situation, energy and fertiliser prices are one of the key near–term challenges, says Nirmala Sitharaman.
Oil stocks up after OPEC+ agrees on deep crude output cut
Crude oil rises to nearly a three-week high; key oils stocks trade in positive territory as OPEC+ decides to cut output by 2 mn barrels/day.
Petrol, diesel prices to rise after OPEC oil production cut
OPEC Plus – a grouping of 23 oil-rich countries -- is meeting in Vienna on Wednesday to discuss a major production cut for the first time since March 2020.
India managed inflation well; RBI must synchronise more: FM
FM Nirmala Sithraman praises PM Modi for “his courage” to get crude oil from Russia at a discount while also making sure friendship with all countries remains intact
Windfall tax: Centre hikes levies on diesel, ATF export; raises domestic crude oil tax
Export cess on diesel increased further to ₹13.5 per litre, while ATF will now attract export levy of ₹9 per litre, shows revised notification by FinMin
Govt, RBI closely monitoring rupee, says FM
Rupee has recovered from its all-time low of over ₹80 against the U.S. dollar to ₹78.6 currently. FinMin says rupee has strengthened against currencies like Pound, Yen and Euro
IMF cuts India’s FY23 economic growth forecast by 80 bps to 7.4%
For India, IMF says revision reflects mainly less favourable external conditions and more rapid policy tightening
Soft opening seen for Sensex, Nifty; Tata Steel, Axis Bank, RIL, Infy, ICICI, YES Bank shares eyed
The Sensex and Nifty are headed for a soft opening on Monday, following mixed cues from Asian peers and negative trends on SGX Nifty futures.
Current account deficit faces high global prices menace: FinMin
Absence of a sustained and meaningful reduction on food and energy commodities will cause current account deficit to widen in FY23, says finance ministry.
