Clipped from: https://indianexpress.com/article/opinion/editorials/centre-coronavirus-second-wave-stimulus-nirmala-sitharaman-7381809/ Centre leans heavily on credit guarantees to aid the economy. Direct demand side support remains minimal. The actual fiscal outgo on account of
Category: Economy
In stimulus, the helping hand: FM’s policy of guaranteed loans to urban poor is superior to other welfare schemes
Clipped from: https://timesofindia.indiatimes.com/blogs/et-commentary/in-stimulus-the-helping-hand-fms-policy-of-guaranteed-loans-to-urban-poor-is-superior-to-other-welfare-schemes/ Among proposals announced by FM Sitharaman on Monday, an important element is the credit guarantee scheme to incentivise microfinance institutions (MFIs) to lend
FX reserves strong enough to absorb shocks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fx-reserves-strong-enough-to-absorb-shocks/article35041329.ece?homepage=true But the RBI, in its urge to maximise returns, should not invest the forex reserves in risky market instruments India today has above
Some credit support, but little stimulus – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/some-credit-support-but-little-stimulus/2280137/ Additional spending may be just a tenth of headline number; credit guarantee will help small businesses & Covid-hit sectors One appreciates the government’s
RBI in a bind amid weak growth, surging inflation; may not hike rates till Q1 FY23: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rbi-in-a-bind-amid-weak-growth-surging-inflation-may-not-hike-rates-till-q1-fy23-report/articleshow/83952481.cmsSynopsis The central bank may hike the repo rate only by the first quarter of next fiscal (April-June 2022) and continue to maintain the
Economists doubt India’s new loan guarantees will boost growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/economists-doubt-indias-new-loan-guarantees-will-boost-growth/articleshow/83942444.cmsSynopsis Industry leaders and economists said the new loan guarantees, amounting to $35 billion, may provide some temporary relief but would not be sufficient
More can be done: For GoI’s economic package to make a difference, demand needs a fiscal stimulus
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/just-not-enough-gois-economic-package-wont-make-a-real-difference-india-needs-a-fiscal-stimulus/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Revival after April-June: Thanks to boosters of vaccination, ample liquidity and upswing in global growth
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-edit-page/economy-revival-after-april-june-thanks-to-boosters-of-vaccination-ample-liquidity-and-upswing-in-global-growth/Sonal Varma The writer is the Chief Economist for India and Asia (minus Japan) at Nomura India’s economy and its citizens have just endured
Onus on banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/onus-on-banks/article35023455.ece?homepage=true Renewed credit push to informal sector welcome, but banks need to shed conservatism for the proposals to work The Centre’s credit-driven push to
India has managed its external sector well – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/india-has-managed-its-external-sector-well/article35023198.ece Forex reserves are healthy and CAD is sustainable, thanks to encouraging long-term non-debt creating capital inflows India has faced two major crises in
The post-Covid economy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-post-covid-economy-121062801507_1.html There is a strong case for the government to shift its attention from the economy to public service management The Indian economy has clearly fallen
The credit push | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-credit-push-121062801488_1.html Relief package is well-intentioned but won’t move the needle much Union Finance Minister Nirmala Sitharaman on Monday announced another set of measures to provide relief
How many years have we lost to coronavirus? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bs-number-wise-how-many-years-have-we-lost-to-coronavirus-121062800255_1.html One measure is the change in gross domestic product (GDP). The pandemic chipped away 7.3 per cent of India’s real GDP in 2020-21
Large part of FM’s stimulus package will work only in medium-term | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/large-part-of-fm-s-stimulus-package-will-work-only-in-medium-term-121062800965_1.html The government and the central bank’s credit measures appear to show India has gotten its priorities against a possible third wave of Covid-19.
Tax cuts for individuals, companies needed to boost demand, say economists | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/tax-cuts-for-individuals-companies-needed-to-boost-demand-say-economists-121062801313_1.html While the measures announced on Monday are focussed more on the supply side, these steps would take a lot of time to move
Financial Express MSME Webinar 2021: Business Webinars, MSME Webinar by Entrepreneurs
Clipped from: https://www.financialexpress.com/industry/sme/msme-minister-gadkari-announces-integration-of-udyam-with-cscs-a-dashboard-to-monitor-schemes/2280190/ Ease of Doing Business for MSMEs: Minister for MSME Nitin Gadkari said there is a need to focus on all-round efforts for the
No respite to the shipping crisis and that’s bad news for Indian SMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/no-respite-to-the-shipping-crisis-and-thats-bad-news-for-indian-smes/articleshow/83911708.cmsSynopsis In India, October is the onset of the holiday season, similar to that in the US. Hence, it is usually the time when
Vehicle scrappage policy can provide positive push to new automotive circular economy: EY – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/vehicle-scrappage-policy-can-provide-positive-push-to-new-automotive-circular-economy-ey/articleshow/83922733.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In its latest report — Scrappage policy for the automotive sector is here! Mobility Roadmap in Circular Economy — EY India said original
It is a ”lifeline dose” to a wide number of sectors: ASSOCHAM on Rs 6.29 lakh crore stimulus package – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/it-is-a-lifeline-dose-to-a-wide-number-of-sectors-assocham-on-rs-6-29-lakh-crore-stimulus-package/articleshow/83923368.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Mr Sood added on top of ECLGS, Loan Guarantee Scheme for Covid affected sectors, to the tune of Rs 1.10 lakh crore and
Fiscal impact of fresh stimulus package under 1% of GDP: Experts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/fiscal-impact-of-fresh-stimulus-package-under-1-of-gdp-experts/articleshow/83933280.cmsSynopsis According to the finance ministry, the total value of the latest package came up to Rs 6.29 lakh crore, representing about 3% of
