Clipped from: https://indianexpress.com/article/opinion/columns/union-budget-2021-nirmala-sitharaman-covid-19-indian-economy-fiscal-deficit-rbi-7165741/ The central bank may have been the main game in town in 2020. But fiscal policy will likely play a bigger role in
Month: January 2021
Economic survey makes case for another bank balance sheet clean-up | Deccan Herald
Clipped from: https://www.deccanherald.com/business/economic-survey-makes-case-for-another-bank-balance-sheet-clean-up-944876.html The survey is also critical of the fact that the 2015 balance sheet did not reveal the extent of evergreening of loans by
RBI cancels licence of Kolhapur-based Shivam Sahakari Bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-cancels-licence-of-kolhapur-based-shivam-sahakari-bank/articleshow/80588883.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of Shivam Sahakari Bank as per the
Staying on track amid a pandemic, says Economic Adviser Rajiv Mishra – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/staying-on-track-amid-a-pandemic-says-economic-adviser-rajiv-mishra/articleshow/80595499.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The SOE describes the policy dilemma of lives versus livelihoods faced globally at the beginning of the pandemic forcing countries to choose between
Ethical wealth creation is way forward: Economic Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/ethical-wealth-creation-is-way-forward/articleshow/80591938.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “Given India’s stage of development, India must continue to focus on economic growth to lift the poor out of poverty by expanding the
TReDS: TReDs was touted as the tool to tackle delayed payments to MSMEs. Did it succeed? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/treds-was-touted-as-the-tool-to-tackle-delayed-payments-to-msmes-did-it-succeed/articleshow/80551986.cms Synopsis–TReDS was supposed to be a game changer-a platform that could sort out the issue of delayed payments for MSMEs. Almost five years
Your health insurance doesn’t cover treatment costs fully? That’s perfect says Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/your-health-insurance-doesnt-cover-treatment-costs-fully-thats-perfect-says-survey/articleshow/80586484.cmsSynopsis The Economic Survey 2021 says, “Because health insurance covers (some of) the financial costs that would be caused by poor health behaviour, individuals
Tax Ombudsman needed to protect tax-payer’s rights: Eco Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/tax-ombudsman-needed-to-protect-tax-payers-rights-eco-survey/articleshow/80577027.cmsSynopsis To avoid the conflict of interest, ensure fair dealings and consequently build the trust between taxpayers and the concerned tax authority, it is
What Economic Survey 2020-21 says about India’s startup ecosystem – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/what-economic-survey-2020-21-says-about-indias-startup-ecosystem/articleshow/80586774.cmsSynopsis The government has recognised 41,061 startups so far, more than 39,000 of which have reported 4,70,000 jobs, according to the Economic Survey 2020-21.
Rising Bangladesh exports hold lessons for India: Eco Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/rising-bangladesh-exports-hold-lessons-for-india-eco-survey/articleshow/80587971.cmsSynopsis Bangladesh’s share in world exports has increased from 0.1 per cent in 2011 to 0.3 per cent in 2019. The top five export
Economic Survey calls for simplification of regulations – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/economic-survey-calls-for-simplification-of-regulations/articleshow/80588998.cmsSynopsis The Economic Survey 2020-21 presented in Parliament on Friday said that in order to solve the problems, authorities often make attempts to reduce
New farm laws will have multiple benefits for farmers: CEA Subramanian – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/agriculture/new-farm-laws-will-have-multiple-benefits-for-farmers-cea-subramanian/articleshow/80588294.cmsSynopsis “We are economists and talk about economics. And economics says that it (the farm laws) has many benefits,” Subramanian said during a press
YES Bank, LVB events show RBI did not identify ‘evergreening’, shows Eco Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-lvb-events-show-rbi-did-not-identify-evergreening-shows-eco-survey/articleshow/80586474.cmsSynopsis The economic survey went on to add the audits conducted by the RBI failed to capture the evergreening at Yes Bank and LVB.
Move beyond Jugaad: Economic Survey calls for more spending on R&D – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/move-beyond-jugaad-economic-survey-calls-for-more-spending-on-rd/articleshow/80578217.cmsSynopsis “Mere reliance on ‘Jugaad innovation’ risks missing the crucial opportunity to innovate our way into the future,” the Survey notes. The Economic Survey takes a
Ignore rating agencies, focus on healthcare: Economic Survey 2021 highlights – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/economic-survey-2021-highlights-fy22-gdp-growth-seen-at-11-nominal-gdp-at-15-4/articleshow/80568573.cmsSynopsis Govt sees FY22 GDP growth at 11 per cent, and nominal GDP (which accounts for inflation) at 15.4 per cent. This would mark
Bitcoin jumps 14% after Elon Musk tags cryptocurrency in Twitter bio–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/bitcoin-jumps-14-after-elon-musk-tags-cryptocurrency-in-twitter-bio/story/429551.html Tesla CEO Elon Musk wrote simply ‘#bitcoin’ in his biography on the social media site. The world’s biggest cryptocurrency was up 10.2% at
Budget 2021: Enact measures that encourage citizens to purchase medical insurance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/budget-2021-enact-measures-that-encourage-citizens-to-purchase-medical-insurance/articleshow/80515815.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The combination of increased budgetary allocation, ease of GST regulations and a commitment by citizens to invest in insurance will position India’s healthcare
India’s 11.5% projected growth in FY22 will be largely mechanical: Gita Gopinath – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indias-11-5-projected-growth-in-fy22-will-be-largely-mechanical-gita-gopinath/articleshow/80516967.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Days ahead of the Budget, Gopinath suggested that India continue its direct cash support schemes to the poor in 2021, including the expanded
IndiGo reports Q3 loss of Rs 620 cr, revenue drops 51% YoY to Rs 4,910 cr | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/indigo-reports-q3-loss-of-rs-620-cr-revenue-drops-51-yoy-to-rs-4-910-cr-121012801095_1.html The pre-tax loss came in at Rs 623.1 crore for the quarter under review, compared with pre-tax profit of Rs 556.5 crore clocked
State Bank of India asset quality remains healthy: Chairman Khara | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/state-bank-of-india-asset-quality-remains-healthy-chairman-khara-121012800864_1.html The faster-than-expected economic recovery may limit the impact to lenders’ balance sheets, Khara said The asset quality situation at State Bank of India
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