Clipped from: https://www.thehindubusinessline.com/opinion/fault-lines-in-rbis-surplus-transfer-to-govt/article34701274.ece?homepage=true The higher transfer is an attempt to lower the fiscal deficit, reduce borrowing cost and cushion the weak cash management The RBI’s account
Category: Economy
E-way bill generation slows 35% over April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/e-way-bill-generation-slows-35-over-april/article34702234.ece?homepage=true …but some recovery seen during last 15 days, overall mobility also improved The average E-way bill generation in May dropped to nearly 35
Prioritising expenditure | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/prioritising-expenditure-121060101581_1.html Govt must focus on providing relief to the needy at this point The national income data released on Monday showed that the economy
How RBI’s Resolution Framework 2.0 can help MSMEs tide over Covid mess; is Udyam registration required? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/how-rbis-resolution-framework-2-0-can-help-msmes-tide-over-covid-mess-is-udyam-registration-required/2263186/ For borrowers who had availed restructuring under Resolution Framework 1.0, RBI Governor Shaktikanta Das had allowed lenders to modify their plans to increase
Use fiscal leeway to boost spending – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/use-fiscal-leeway-to-boost-spending/articleshow/83153041.cmsSynopsis At the same time, the government managed to slip in outstanding dues to the Food Corporation of India and fertiliser producers into the
Non-banks’ NPAs may rise to 4.5-5 per cent by March 2022: Icra – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/non-banks-npas-may-rise-to-4-5-5-per-cent-by-march-2022-icra/articleshow/83147376.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Icra Ratings said non-banks (NBFC and HFCs) will feel the stress of the second wave of COVID-19 and movement restrictions imposed by various
India’s GDP growth numbers hide more than they reveal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-indias-q4-gdp-growth-numbers-hide-more-than-they-reveal/articleshow/83152609.cmsSynopsis The economy sprang out of technical recession in Q3 FY2021, and expanded by a revised 0.5% after reporting two consecutive quarters of de-growth
India Inc must contribute to the ‘stimulus’: Given bumper profits & cost-cuts of Rs 4 lakh crore, it could cut a cheque for the have-nots – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/india-inc-must-contribute-to-the-stimulus-given-bumper-profits-cost-cuts-of-rs-4-lakh-crore-it-could-cut-a-cheque-for-the-have-nots/2262627/ The pandemic may have hurt thousands of small businesses and killed many MSMEs, but given their financial and management muscle, the larger corporations
High government cash balance likely to limit additional borrowing – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/high-government-cash-balance-likely-to-limit-additional-borrowing/articleshow/83119486.cmsSynopsis The fears of additional borrowing due to GST shortfall may not be as substantial as bond dealers anticipated initially. Any large additional borrowing
All you wanted to know about Stagflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article34691993.ece?homepage=true In India we have hardly had any periods without inflation, while developed markets besides inflation, also experience deflation occasionally. But it’s been decades
How RBI managed to boost its surpluses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-rbi-managed-to-boost-its-surpluses/article34691702.ece?homepage=true Revenue from foreign and domestic investments apart, there was a spike in RBI’s holdings of GSecs for which it earns interest The transfer
GDP growth springs a positive surprise: Four implications for FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gdp-growth-springs-a-positive-surprise-four-implications-for-fy22-121053101265_1.html The positives apart, it is clear consumption can’t rebound meaningfully without large-scale vaccination; the good news is the rate is likely to improve
GDP growth number: A pleasant surprise, but will it help in FY22? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gdp-growth-number-a-pleasant-surprise-but-will-it-help-in-fy22-121053101050_1.html With the second wave leading to a close down of services, in particular, progress will remain retarded Madan Sabnavis The GDP growth number
Can the rich help? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/can-the-rich-help-121053101220_1.html The recovery cannot be investments-led because most enterprises are nursing excess capacities Thanks to the second wave of Covid-19, India’s economic recovery process is stalled.
What is Modi govt’s pet PLI scheme, who is eligible, which sectors have it? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/production-linked-incentive-what-is-modi-govts-pet-pli-scheme-who-is-eligible-which-sectors-have-it/2262391/ PLI scheme offers incentives on incremental sales for products manufactured in India. The first three PLI schemes were approved in March last year
Fiscal support to MSMEs needed to pay employees’ salaries; refunds of unadjusted taxes a must: FICCI survey – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/fiscal-support-to-msmes-needed-to-pay-employees-salaries-refunds-of-unadjusted-taxes-a-must-ficci-survey/2262471/ Even as businesses acknowledged the policy support extended by the Reserve Bank of India on May 5, 2021, including financial support to MSMEs,
How supply chain financing can resolve capital issues for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/how-supply-chain-financing-can-resolve-capital-issues-for-msmes/articleshow/83106050.cmsSynopsis Lenders’ reluctance to extend financing to most MSMEs can be traced back to their inability to adequately assess creditworthiness of small borrowers and
Now we know where exactly RBI wants the bond yields to stay – The Economic Times
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
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
