Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indias-spending-on-growth-to-bring-the-economy-on-track-leaves-little-for-its-vulnerable/articleshow/80778896.cmsSynopsis While Modi’s popularity has endured throughout the pandemic, lower spending on social programs risks undermining his support as farmer protests gain international support.
Category: Budget
The Finance Minister’s 2021 Budget has thrown a huge lifeline, but will it work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/search-rescue-operation/articleshow/80792802.cms Synopsis–The 2021-22 deficit is projected to decline to 6.5%, still very high, and similar in size to India’s fiscal deficits after the 1991-92
Nirmala Sitharaman’s Budget has growth written all over it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-nirmala-sitharamans-budget-has-growth-written-all-over-it/articleshow/80792799.cms Synopsis–This budget is not a traditional ‘consumption-led’ one, but rather infra-led, one that has high multipliers of growth. While it addressed several levers
No fiscal road map is meaningful without states: NK Singh – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/no-fiscal-road-map-without-states/articleshow/80795664.cms Synopsis–“Need a path that involves both Centre and states on fiscal deficit and debt; have suggested the constitution of an inter-governmental body of
Revamped Gold Scheme: Minimum deposit cut to 10 gm, jewellers roped in – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/revamped-gold-scheme-minimum-deposit-cut-to-10-gm-jewellers-roped-in/articleshow/80795970.cmsSynopsis Mobilising most of the idle gold from Indian households will help the country reduce dependence on import of gold and address the issue
Return of DFIs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/return-of-dfis/article33794397.ece?homepage=true Setting up a development financial institution is a good idea, but past errors should be avoided The Centre is banking on long-term infrastructure
Old wine, new bottle | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/old-wine-new-bottle-121020901964_1.html New DFI should not just be a bailout of the old One of the important announcements in this year’s Union Budget was the
A steep fiscal correction | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-steep-fiscal-correction-121020901981_1.html With modest revenue effort, the burden of cutting the deficit will fall on a big expenditure contraction About 10 days ago, the Union
CEA to bankers: If you want books in order then let your ‘karma’ be driven by your ‘dharma’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/cea-to-bankers-if-you-want-books-in-order-then-let-your-karma-be-driven-by-your-dharma/2191482/ CEA Krishnamurthy V Subramanian was delivering the 11th R K Talwar memorial lecture organised by the Indian Institute of Banking and Finance. It
V for Vindication: A Budget for V-shaped recovery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/v-for-vindication-a-budget-for-v-shaped-recovery/2191437/ The government could have gone for a survival Budget or a recovery Budget, but it had the gumption to think long-term and went
‘Bad bank could help PSBs focus on growth’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bad-bank-could-help-psbs-focus-on-growth-say-experts/articleshow/80758314.cms SynopsisAccording to experts, systemic corporate stress is in the range of Rs 5-6 lakh crore, out of which Rs 4 lakh crore is
What is a National Bad Bank and how it will work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/what-is-a-national-bad-bank-and-how-it-will-work/articleshow/80757961.cms SynopsisBankers estimate the new ARC will require a capital of at least Rs 15,000 crore as that could enable it to buy bad
MCA amends definition of small companies, allows NRIs to incorporate One Person Companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/mca-amends-definition-of-small-companies-allows-nris-to-incorporate-one-person-companies/articleshow/80664903.cmsSynopsis The changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to
‘India lost more than a year’s worth of growth; can’t afford to go on a debt binge’ – The Financial Express
Clipped from: https://www.financialexpress.com/budget/india-lost-more-than-a-years-worth-of-growth-cant-afford-to-go-on-a-debt-binge/2187664/ Union Budget 2021 India: The economic contraction — the first in India since the 1970s — has put pressure on its government like
Basic Customs Duty on mobile phone components to spur localisation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/basic-customs-duty-on-mobile-phone-components-to-spur-localisation/articleshow/80768190.cmsSynopsis Sandeep Narula, Chairman of ESC said: “The imposition of customs duty is designed to make India a strong assembling hub, and will considerably
budget 2021: Prudence doesn’t mean stinginess or frugality: TV Somanathan, Expenditure Secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/interviews/prudence-doesnt-mean-stinginess-or-frugality/articleshow/80675313.cmsSynopsis Revenue estimates have been prepared in a somewhat conservative manner… The numbers are reasonable, but it can still go wrong. If we do
Expect 20-25% uptick in financials and 40% upside in banks in near term – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/expect-20-25-uptick-in-financials-and-40-upside-in-banks-in-near-term-avneesh-sukhija/articleshow/80770179.cmsSECTIONSExpect 20-25% uptick in financials and 40% upside in banks in near termLast Updated: Feb 09, 2021, 06:32 PM ISTSynopsis The capex that everyone
India was a laggard last year, this Budget has changed growth trajectory: Punita Kumar Sinha – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/india-was-a-laggard-last-year-this-budget-has-changed-growth-trajectory-punita-kumar-sinha/articleshow/80770980.cmsSECTIONSIndia was a laggard last year, this Budget has changed growth trajectory: Punita Kumar SinhaLast Updated: Feb 09, 2021, 07:20 PM ISTSynopsis There could
PF interest rate: Tax on PF interest will change the way we invest in it: How the Budget hits your PF – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/tax-on-pf-interest-will-change-the-way-we-invest-in-it-how-the-budget-hits-your-pf/articleshow/80720630.cmsSynopsis This is not the first time the government has proposed to tax Provident Fund money. A significant number of salaried employees use the
Fiscal policy must be counter-cyclical: Krishnamurthy Subramanian, CEA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/fiscal-policy-must-be-counter-cyclical/articleshow/80774266.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis It’s quite likely that fiscal deficit will be lower than what’s mentioned. When you under-promise and over-deliver, it generates enormous credibility, says Krishnamurthy
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