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
Category: Economy
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
Banks can lend about ₹46,000 crore to MSMEs, civil aviation sector – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-can-lend-about-46000-crore-to-msmes-civil-aviation-sector/article34683172.ece?homepage=true Scheme extended up to Sept-end or till guarantees of ₹3-lakh crore are issued Banks can lend about ₹46,000 crore to the micro, small
Emergency credit scheme to now cover civil aviation, oxygen plants – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/emergency-credit-scheme-to-now-cover-civil-aviation-oxygen-plants/article34683988.ece In boost to multiple sectors, ₹500-crore debt ceiling for loan eligibility also goes The Government on Sunday expanded the scope of the Emergency
India: Inflation undone? Some inflation worries highlighted earlier have come to pass – The Financial Express
lipped from: https://www.financialexpress.com/opinion/india-inflation-undone-some-inflation-worries-highlighted-earlier-have-come-to-pass/2261827/ As demand for goods and services pick up gradually (though worth noting that we are not forecasting a rapid rise in demand like
NDA failed to do its job on the economy: Big job-creating schemes needed to revive consumer demand & small businesses – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/nda-failed-to-do-its-job-on-the-economy-big-job-creating-schemes-needed-to-revive-consumer-demand-small-businesses/2261834/ At the last count, the cumulative loss of salaried jobs, since the pandemic, was 12.6 million across urban and rural areas; as of
Interest payments: Centre’s soaring debt may curb productive spending – The Financial Express
Clipped from: https://www.financialexpress.com/economy/interest-payments-centres-soaring-debt-may-curb-productive-spending/2261908/ Foster expected debt to stabilise at around 92% of GDP by FY25, against 88.9% (Moody’s estimate) in FY21. This is among the least
‘RBI may keep repo rate unchanged’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-keep-repo-rate-unchanged/article34683797.ece?homepage=true The MPC has held repo rate rock-steady at 4% since May 2020 The rate-setting monetary policy committee (MPC) is likely to stand pat
Economy showing symptoms of stagflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/economy-showing-symptoms-of-stagflation/article34683323.ece?homepage=true Expansionary fiscal policy, especially increased govt spending, is needed to overcome the pandemic-induced disruptions Iranian oil workers’ strike and subsequent surge in fuel
PSBs to follow templated approach to restructure loans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/psbs-to-follow-templated-approach-to-restructure-loans/article34681671.ece?homepage=true Resolution process has to be invoked within 30 days from the receipt of the application Public Sector Banks (PSBs), under the aegis of
Across the Aisle: A bigger calamity awaits us, writes P Chidambaram – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/across-the-aisle-a-bigger-calamity-awaits-us-writes-p-chidambaram/2261454/ However, there is one thing about the future that is no longer uncertain. It is about the economic conditions of the people of
Covid-19 second wave caught us by surprise, India was not ready: Finance Minister Nirmala Sitharaman | Deccan Herald
Clipped from: https://www.deccanherald.com/national/covid-19-second-wave-caught-us-by-surprise-india-was-not-ready-finance-minister-nirmala-sitharaman-991552.html The issue of limited medical infrastructure was addressed in the February 2021 Budget, she said Finance Minister Nirmala Sitharaman. Credit: PTI File Photo
From ACs to LED lights, what the PLI booster dose can do for India’s white goods sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/from-acs-to-led-lights-what-the-pli-booster-dose-can-do-for-indias-white-goods-sector/articleshow/83056607.cmsSynopsis The Government has been ambitious in rolling out large sums for incentivising manufacturing in India. For the white goods sector also, the Cabinet
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