Clipped from: https://www.business-standard.com/article/opinion/winners-and-losers-in-shipping-crisis-121091300039_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Indian exporters complain of increase in freight rates by 300% to 1000% for various destinations and additional charges The steep rise in ocean freight
Category: Economy
Ford leaves India, prompting question about capital intensity and industry | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/ford-leaves-india-prompting-question-about-capital-intensity-and-industry-121091300213_1.html The higher the capital intensity the fewer the number of companies an industry is able to support. How many producers can an industry
Bank loans to NBFCs grow slower as credit to small lenders dries up – The Financial Express
Clipped from: https://www.financialexpress.com/industry/bank-loans-to-nbfcs-grow-slower-as-credit-to-small-lenders-dries-up/2328866/ Credit outstanding to non-bank lenders has been growing in the low single digits through much of the current year, with banks’ NBFC book
Restored normalcy in PSU banks hamstrung by sticky bad assets: Finance minister Nirmala Sitharaman – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/restored-normalcy-in-psu-banks-hamstrung-by-sticky-bad-assets-finance-minister-nirmala-sitharaman/2328886/ The Centre, apart from infusing required capital, monitored the PSU banks with regular assessment and reviews while taking prompt corrective actions. She said
Aluminum industry frets that its supply snarls have just begun – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/aluminum-industry-frets-that-its-supply-snarls-have-just-begun/articleshow/86157469.cmsSynopsis Global supply chains, with container shipping as their backbone, are struggling to keep pace with the demand for goods and overcome labor disruptions
Cryptos may revolutionise micro payments, but we are not there yet, says Raghuram Rajan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/cryptos-may-revolutionise-micro-payments-but-we-are-not-there-yet-says-raghuram-rajan/articleshow/86137933.cmsSynopsis The former RBI governor said the notion that cryptocurrencies are more reliable than fiat currencies was a little overstretched. There is a limited
The impossible task of taming the rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/the-impossible-task-of-taming-the-rupee/article36365287.ece Managing the currency, even with capital controls & pro-active monetary policy, is a big ask. Why not allow the rupee to rise? Most
Across the Aisle: The greater catastrophe, writes P Chidambaram – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-the-greater-catastrophe-writes-p-chidambaram/2328434/ There has been a lot of debate on availability of hospital beds, oxygen, ventilators, medicines, ambulances, space at burial/cremation grounds and vaccines. The
If inflation remains elevated, Monetary Policy Committee could lose credibility. This must be avoided | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/gdp-data-economic-fallout-second-wave-pandemic-covid-19-7501670/ If inflation continues to stay elevated, the MPC risks losing credibility vis-a-vis achieving its objective of price stability, which could lead to the
Picking up the threads – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/picking-up-the-threads/article36385534.ece PLI for man-made fibres is timely, but it should help MSMEs improve scale Following representations from industry, the Cabinet has approved certain changes
No easy rides: Why is India becoming a graveyard for world’s auto majors? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/no-easy-rides-why-is-india-becoming-a-graveyard-for-world-s-auto-majors-121091000833_1.html India is a market for low-priced cars with low running costs. The global majors don’t have models that fit the bill; only Maruti
ford: Doesn’t reflect business environment, India’s story intact, says top babu on Ford’s exit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/doesnt-reflect-biz-environment-india-story-in-top-gear/articleshow/86104811.cmsSynopsis The government is also working on a production-linked incentive scheme for the automobile sector, which is one of the 13 identified for the
Shaktikanta Das: Banks’ NPAs stable in June quarter, look manageable; IBC needs improvement: RBI Governor Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-npas-stable-in-june-quarter-look-manageable-ibc-needs-improvement-rbi-governor-shaktikanta-das/articleshow/86072286.cmsSynopsis RBI Governor Shaktikanta Das said banks have capital buffers of over 16 per cent while the same for NBFCs is at 25 per
Central banks must stop pussyfooting on climate | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/central-banks-must-stop-pussyfooting-on-climate-121090801482_1.html Ignoring climate risks will complicate macroeconomic management, just as overlooking financial risks eventually led to the global financial crisis After a drop in
PLI scheme: Cabinet approves Rs 10,683 cr PLI scheme for textile sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cabinet-approves-rs-10683-cr-pli-scheme-for-textile-sector/articleshow/86033142.cmsSynopsis The scheme, part of 13 identified sectors, some of which have already been approved by the Union Cabinet, is expected to boost manufacturing
PLI scheme: Voltas, Blue Star among AC biggies planning to invest ₹3,000 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/fmcg/pli-scheme-ac-majors-set-to-invest-3000-cr/articleshow/86023660.cmsSynopsis Voltas, Blue Star, Dixon, China’s GMCC, Amber Enterprises, Panasonic, Lloyd and Hindalco are set to apply for the government’s production-linked incentive (PLI) scheme
Will India’s export boom herald a return to 7% miracle GDP growth? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/so-is-this-the-7-solution/articleshow/86027342.cms SynopsisIn 2021, for the first time in eight years, exports are booming. Merchandise exports hit a record $35.17 billion (₹2.58 lakh crore) in
The employment dividend from exports | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-employment-dividend-from-exports-121090701697_1.html The surge in some export sectors has the potential to address India’s urban jobs challenge with necessary policy intervention India’s exports of merchandise
Indian exporters allege global shipping companies are forming cartels | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/indian-exporters-allege-global-shipping-companies-are-forming-cartels-121090601484_1.html Ask govt to regulate them, bat for a larger Indian shipping company A major point the exporters are raising as proof of this
Exporters worried about stuck payments as Sri Lanka declares economic emergency – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/exporters-worried-about-stuck-payments-as-sri-lanka-declares-economic-emergency/article36319894.ece?homepage=true Bilateral trade and investment outlook may depend on the extent to which international community can give assistance, say experts Sri Lanka’s economic emergency
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