Clipped from: https://economictimes.indiatimes.com/news/economy/finance/downside-risks-to-growth-still-persist-amid-uncertainty-around-covid-vaccine-availability-db/articleshow/79447377.cmsSynopsis According to Dun & Bradstreet’s latest Economy Forecast, a second wave of infections, which can’t be ruled out, would lead to partial re-establishment
Day: November 27, 2020
Clearing the air with President-elect Biden–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/clearing-the-air-with-president-elect-biden/ Climate change is big on America’s President-Elect Joe Biden’s agenda for governance, of which clean energy is an important plank. Reviving the India-US
Pre-packaged: Viable route to insolvency–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/pre-packaged-viable-route-to-insolvency/ The Insolvency and Bankruptcy Board’s proposal to allow companies to withdraw from the process of voluntary liquidation is pragmatic. It will facilitate revival.
ECLGS 2.0: Borrowers to repay principal amount in 48 installments post 1-year moratorium – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/eclgs-2-0-borrowers-to-repay-principal-amount-in-48-installments-post-1-year-moratorium/articleshow/79438893.cmsSynopsis The government termed the credit product under which the guarantee would be given as Guaranteed Emergency Credit Line (GECL), in the guidelines released
Atmanirbhar Bharat 3.0 package: ECLGS 2.0 scheme: Govt extends credit guarantee scheme to 27 sectors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/eclgs-2-0-scheme-govt-extends-credit-guarantee-scheme-to-27-sectors/articleshow/79439048.cmsSynopsis The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package. “Under
Loss in foreign exchange on external commercial borrowing can be capitalised: Tax tribunal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/loss-in-foreign-exchange-on-external-commercial-borrowing-can-be-capitalised-tax-tribunal/articleshow/79444505.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The tax department had argued that the forex loss is notional and cannot be capitalised. The tribunal held that such mark to market
SC directs govt to implement its decision to forego interest on eight categories of loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/sc-directs-govt-to-implement-its-decision-to-forego-interest-on-eight-categories-of-loans/articleshow/79446057.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The eight categories of loans are MSME (Micro, Small & Medium Enterprises), Education, Housing, Consumer durable, Credit card, Automobile, Personal and Consumption. NEW
RBI has set precedence in LVB bond write-off, will hurt other banks: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-has-set-precedence-in-lvb-bond-write-off-will-hurt-other-banks-report/articleshow/79446013.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis During the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrument
Adani tops DHFL bid, says its bid gives maximum to lenders; rivals want it out of race – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/adani-tops-dhfl-bid-says-its-bid-gives-maximum-to-lenders-rivals-want-it-out-of-race/articleshow/79446899.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis Adani Group, which had initially bid only for DHFL’s wholesale and Slum Rehabilitation Authority (SRA) portfolio, in the revised offer submitted on November
India steps up efforts to draw neighbors closer to counter China – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/defence/india-steps-up-efforts-to-draw-neighbors-closer-to-counter-china/articleshow/79443486.cmsSynopsis India has found it hard to match Chinese investments in infrastructure and security in smaller South Asian nations over the last decade, but
online festive sales: Flipkart and Amazon corner 88% share of festive online sales: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/flipkart-and-amazon-corner-88-share-of-festive-online-sales-report/articleshow/79434884.cmsSynopsis Pandemic woos new shoppers from small cities, offline retail slump helps e-commerce, the report said. Online marketplaces Flipkart Group and Amazon recorded combined sales of nearly $7.3
Q2 GDP shows India officially in recession but sequential improvement points to an economy on the mend – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/q2-gdp-shows-india-officially-in-recession-but-sequential-improvement-points-to-an-economy-on-the-mend/articleshow/79447729.cmsSynopsis The surprise was thrown by good performance by the manufacturing sector that showed marginal growth in the second quarter. However, the private consumption
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