Scribd Logo
Upload

Welcome to Scribd!

  • 7 views

    The Economics Hub Edition 273

    Uploaded by

    minakshi.pandey8
    The document is an issue of The Economics Hub newspaper dated May 18, 2023. It provides an overview of economic news in India including a trade deficit in April, plans for India to challenge the EU's carbon tax at the WTO, expectations that several Indian states will fall short of their expenditure targets, and infrastructure lender NaBFID planning to disburse Rs. 1 lakh crore in loans this fiscal year. It also includes a story on Tata Motors shares jumping after strong Q4 earnings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    The Economics Hub Edition 273

    Uploaded by

    minakshi.pandey8
    7 views8 pages
    The document is an issue of The Economics Hub newspaper dated May 18, 2023. It provides an overview of economic news in India including a trade deficit in April, plans for India to challenge the EU's carbon tax at the WTO, expectations that several Indian states will fall short of their expenditure targets, and infrastructure lender NaBFID planning to disburse Rs. 1 lakh crore in loans this fiscal year. It also includes a story on Tata Motors shares jumping after strong Q4 earnings.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document is an issue of The Economics Hub newspaper dated May 18, 2023. It provides an overview of economic news in India including a trade deficit in April, plans for India to challenge the EU's carbon tax at the WTO, expectations that several Indian states will fall short of their expenditure targets, and infrastructure lender NaBFID planning to disburse Rs. 1 lakh crore in loans this fiscal year. It also includes a story on Tata Motors shares jumping after strong Q4 earnings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    7 views8 pages

    The Economics Hub Edition 273

    Uploaded by

    minakshi.pandey8
    The document is an issue of The Economics Hub newspaper dated May 18, 2023. It provides an overview of economic news in India including a trade deficit in April, plans for India to challenge the EU's carbon tax at the WTO, expectations that several Indian states will fall short of their expenditure targets, and infrastructure lender NaBFID planning to disburse Rs. 1 lakh crore in loans this fiscal year. It also includes a story on Tata Motors shares jumping after strong Q4 earnings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 8

    MAY 18, 2023 THURSDAY ISSUE #273

    THE ECONOMICS HUB

    SCHOOL'S COLUMN

    PAGE - 1
    QUICK VIEWS
    Good News For Tata Motors! Indias
    Carmakers Back Zero Duty On Limited
    British Imports Under Trade Deal.

    World's biggest brand Zara's India sales


    increase by 40 percent in FY23

    India's April trade deficit at $15.24 billion,


    with imports at $49.90 billion.

    ECONOMIC LEXICON

    Capacity Cost
    An expenditure or cost incurred
    by a company in order to expand
    its business operations.

    PAGE - 2
    Q Q
    U U
    I I
    C C
    K K

    G G
    L L
    A A
    N N
    C C
    E PAGE - 3
    E
    INDIA PLANS TO
    CHALLENGE EU CARBON
    TAX AT WTO

    Indian plans to fill a complaint to the World


    TradeOrganisation over the European Union's
    proposal to impose 20% to 35% tariffs on
    imports of high-carbon goods like steel, iron
    ore and cement from India, top government
    and industry .
    This is part of New Delhi's strategy to combat
    the EU's Carbon Border Adjustment
    Mechanism (CBAM) designed to push local
    industries to invest in new technologies to
    bring down carbon emissions, while also
    raising the issue in bilateral talks.
    Piyush Goyal, India's trade minister, is on a
    visit to Brussels to meet EU leaders to
    address bilateral issues and promote trade.
    Last month, the European Union approved
    the world's first plan to impose a levy on
    high-carbon goods imports from 2026,
    targeting imports of steel, cement,
    aluminium, fertilisers, electricity, and
    hydrogen, aiming to become a net zero
    emitter of greenhouse gases by 2050, ahead
    of India's target of 2070.
    PAGE - 4
    Indian states
    likely to fall

    •The states - including


    Maharashtra, home to the
    country's financial capital
    Mumbai, India's most populated
    state Uttar Pradesh and Prime
    Minister Modi's home state of
    Gujarat - are estimating
    expenditure to have risen 21.5%
    in 2022-23, and plan to increase
    it further by 11% in 2023-24.

    PAGE - 5
    INDIA'S NEWEST INFRA
    LENDER TO LOAN RS 1
    LAKH CRORE THIS FISCAL.

    The infrastructure lender, which


    started operations last year, has
    sanctioned in-principle loans
    worth 450 billion rupees so far and
    is ready to disburse 230 billion
    rupees, said Rajkiran Rai,
    managing director of NaBFID.
    NaBFID was set up as a
    development finance institution to
    help fill the gap in infrastructure
    financing after commercial banks
    withdrew from the space due to
    large defaults between 2010 and
    2015.

    PAGE - 6
    Tata Motors shares jump 4% on
    strong Q4 earnings. Should you
    buy, sell or hold?

    Shares of Tata Motors jumped over 4% in


    Monday's trade after the company posted robust
    Q4FY23 earnings on Friday. Several top
    brokerages have maintained their bullish
    recommendations on the counter. Jefferies,
    Nuvama, Emkay and Prabhudas Lilladher all have
    'Buy' calls on the counter.
    At 10 am, Tata Motors shares were trading at Rs
    532.05 on NSE, up 3.12%
    Tata Motors reported a net profit of Rs 5,407.8
    crore in the quarter under review against a loss of
    Rs 1,032 crore in Q4FY22. For the quarter ended
    March 31, 2023, the auto major also posted a 35%
    year-on-year (YoY) jump in consolidated revenue
    to Rs 105,932 crore.
    The company announced a final dividend of Rs 2
    per equity share and Rs 2.1 per share for DVR
    shareholders, subject to approval by the
    shareholders at the AGM.

    PAGE - 7
    CHIEF EDITOR VICE CHIEF EDITOR

    SAFIA DUTT TUSHAR CHAUDHARY

    EDITORS
    JITHIN RANGANI (X-C)
    SNEHIL (X-C)

    COLUMNISTS
    Shivansh JANVI
    Tyagi AARUSHI SINGH
    XI-B XI-B XI-B

    Pavni Yugratna Vedant


    Kumra XII-C rana
    XI-A XI-A

    You might also like