Clipped from: https://economictimes.indiatimes.com/markets/bonds/now-we-know-where-exactly-rbi-wants-the-bond-yields-to-stay/articleshow/83105248.cmsSynopsis The number of people below the poverty line has increased from 6 crore to 13.4 crore due to Covid (Pew Research ). The
Category: Economy
Government approves four firms under PLI scheme for bulk drugs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/government-approves-four-firms-under-pli-scheme-for-bulk-drugs/articleshow/83118978.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis All the 215 applications received for the 36 products spread across the four target segments were considered and appraised and selected participants duly
What do the latest GDP numbers tell us? Sadly, nothing encouraging – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-what-do-the-latest-gdp-numbers-tell-us-sadly-nothing-encouraging/articleshow/83124097.cmsSynopsis Barring agriculture, which continued its stellar performance, growing at 3.6% in FY2021, and electricity that grew at 1.9%, every other sector contracted during
Overall impact of second COVID-19 wave on economy not likely to be large, says CEA Subramanian – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/overall-impact-of-second-covid-19-wave-on-economy-not-likely-to-be-large-says-cea-subramanian/articleshow/83117733.cmsSynopsis He further said that given the circumstances due to the pandemic, it is difficult to forecast if the country would achieve a double
India’s 2020-21 fiscal deficit at 9.3% of GDP – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indias-2020-21-fiscal-deficit-at-9-3-of-gdp/articleshow/83113133.cmsSynopsis For this financial year, the government had initially pegged the fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of the
india gdp growth: GDP contracts 7.3% in FY21 as Q4 sees 1.6% growth; focus shifts to second wave’s impact on Q1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/gdp-contracts-7-3-in-fy21-as-q4-sees-1-6-growth-focus-shifts-to-second-waves-impact-on-q1/articleshow/83114362.cmsSynopsis Gross Value Added (GVA), which is a more accurate way of assessing the actual growth in the economy, contracted by 6.2% for the
Second wave rendered 1 cr Indians jobless; 97 pc households’ incomes declined in pandemic: CMIE – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/second-wave-rendered-1-cr-indians-jobless-97-pc-households-incomes-declined-in-pandemic-cmie/articleshow/83123171.cmsSynopsis The unemployment rate measured by the think-tank is expected to come at 12 per cent at the end of May as against 8
The rocket rupee | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-rocket-rupee-121053000932_1.html It does feel like we are close to the end of the rupee’s rally, says Jamal Mecklai Technically, it is beginning to appear
Decision deferred in deference to public – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/decision-deferred-in-deference-to-public/articleshow/83094003.cmsSynopsis The marginal benefit to individual Covid patients from scrapping tax is likely to be smaller than the loss to the collective from the
US budget plan: Money is cheap, let’s spend it: White House $6 trillion budget message – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/money-is-cheap-lets-spend-it-white-house-6-trillion-budget-message/articleshow/83057035.cmsSynopsis The first comprehensive budget offered by Democratic President Joe Biden faces strong opposition from Republican lawmakers, who want to tamp down US government
Govt expands credit lifeline for MSMEs amid second wave of Covid-19 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-eases-emergency-credit-guarantee-scheme-to-help-businesses-in-pandemic-121053000305_1.html Scheme removes the ceiling of outstanding loans of Rs 500 crore, keeps government’s guarantee cover of Rs 3 trillion. Loans given under ECLGS
Stimulus package should be broad-based, like Budget: NITI Aayog chief | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/stimulus-package-should-be-broad-based-like-budget-niti-aayog-chief-121053000658_1.html In a Q&A, Amitabh Kant says the package should aim to lift growth instead of picking specific sectors for assistance Amitabh Kant said
PSU banks to follow template with three loan buckets for recast 2.0 | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/psu-banks-to-follow-template-with-three-loan-buckets-for-recast-2-0-121053000537_1.html Lenders come out with standardised products to help mitigate Covid crisis Public sector banks, including the country’s largest lender State Bank of India
Corporate profit to GDP ratio hits 10-year high of 2.63% in FY21 | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/corporate-profit-to-gdp-ratio-hits-10-year-high-of-2-63-in-fy21-121053100041_1.html India Inc’s combined net profit was up 57.6% to Rs 5.31 trillion in FY21 Corporate revenue to GDP also inched up to 34.4
Who bore brunt of income losses in CY20 as India battled coronavirus? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/who-bore-brunt-of-income-losses-in-cy20-as-india-battled-coronavirus-121053100082_1.html Almost four-fifth of all income losses were incurred by households and the corporate sector Nikhil Gupta is Economist, Motilal Oswal Financial Services Ltd.
Distant thunder in the world economy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/distant-thunder-in-the-world-economy-121053000925_1.html We’re in the happy period of global economy coming back to life, but we need to watch carefully the US inflation situation Here
The rural worry | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-rural-worry-121053000918_1.html Bharat is suffering on multiple counts Prime Minister Narendra Modi rightly noted last week that the economic impact of the Covid-19 pandemic was “huge”. The
A no-action policy with focus on growth | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-no-action-policy-with-focus-on-growth-121053000836_1.html ‘Unwinding’ is unlikely to happen before the third quarter of this year even if we don’t mess up in tackling a possible third
The goofed-up story of rooftop solar – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/clean-tech/the-goofed-up-story-of-rooftop-solar/article34682693.ece The segment is seeing big growth during the pandemic, but a host of reasons — including governmental missteps — threaten to dim it
Significant Economic Presence and its legal significance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/significant-economic-presence-and-its-legal-significance/article34683362.ece Lawmakers have created scenarios where foreign corporations are deemed to have “business connection” in India, thus bringing their Indian operations within the ambit
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