Fuel excise cut positive for oil & gas, automobiles, India logistics, says Motilal Oswal

<ul><li>Fuel prices have jumped sharply since the beginning of the Ukraine war and in order to ease inflation, the Finance Minister of India on May 21 announced the cut on excise duty on petrol and diesel by ₹8 and ₹6 per liter, respectively.</li></ul>

Intense heatwave in India is costing your pocket dear, Moody's says

<ul><li>Drawdowns in coal inventory could lead to prolonged power outages in industrial and agricultural production, leading to significant cuts to output and weighing further on India’s economic growth – particularly if the heatwaves continue beyond June.</li></ul>

Fuel Excise Cut: Govt may cut revenue spend, borrow more to keep fiscal math, report says

<ul><li>To tame inflation, the Finance Minister of India on May 21 announced the cut on excise duty on petrol and diesel by ₹8 and ₹6 per liter, respectively.</li></ul>

Fuel excise duty cut may help cut inflation by 40 basis points, report says 

The excise duty cut will translate into a reduction of ₹9.5 a litre on petrol and ₹7 a litre in diesel after taking into account its impact on other levies.

We stand at the point of a multi-cycle of corporate earnings recovery: Mrinal Singh of InCred Asset Management

<ul><li>India is well-positioned in relative terms as it reduces its external dependencies and continues to focus on becoming increasingly indigenous, says Singh.&nbsp;</li></ul>

Q4FY22 GDP growth seen at 4.2%; FY22 at 9.2% and FY23 at 7.5%: Nirmal Bang Equities

<ul><li>The brokerage firm said that services output (including construction) is likely to grow by 6 percent YoY in Q4FY22, slowing from 6.7 percent in Q3FY22 and up from 3.2 percent in Q4FY21.</li></ul>

RBI MPC minutes: Brace for aggressive rate hikes

<ul><li>Just a month ago in April, RBI said that the rate hikes will be gradually done in a way that does not derail the economic recovery. Now, keeping inflation under control is the top priority of the central bank.</li></ul>

S &P Global Ratings trims India's FY23 growth forecast to 7.3%

Inflation is another factor whic is impacting growth. It is broad-based and more persistent than anticipated even a few quarters ago.

<ul><li>Inflation is another factor whic is impacting growth. It is broad-based and more persistent than anticipated even a few quarters ago.</li></ul>

India well-placed among its peers amid global uncertainties, says CEA Nageswaran

<ul><li>The recent reforms initiated in the financial sector such as bankruptcy code has made banks capable of lending more and supporting growth.</li></ul>

The RBI may let the exchange rate adjust gradually, says Madhavi Arora of Emkay Global

The RBI is taking all possible measures to control the growing inflation rate, said Arora.

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