Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-policy/mobile-pli-timeline-may-begin-in-fy22/articleshow/82984538.cmsSynopsis A change in the timeline will mean manufacturers need to post incremental production worth Rs 4,000 crore in this fiscal year, instead of
Category: Economy
Govt likely to raise allocation for key export scheme – The Financial Express
Clipped from: https://www.financialexpress.com/economy/tax-refund-govt-likely-to-raise-allocation-for-key-export-scheme/2259644/ While the revenue department will take a final call on the hike, sources said the total allocation for FY22 may finally jump to
Moody Blues — the fickle world of ratings – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/moody-blues-the-fickle-world-of-ratings/article34651915.ece?homepage=true Ratings Boon or bane? – fazon1 Rating agencies have got things horribly wrong in the past. But they still carry a lot of
RBI to the rescue, again – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-centre-cannot-be-grudged-the-large-surplus-transfer-from-the-rbi-but-prudence-is-important/article34651731.ece?homepage=true The Centre cannot be grudged large surplus transfer from the RBI, but prudence is important The transfer of ₹99,122 crore of its surplus
Second Covid-19 wave may leave a bigger dent on GDP: Reports – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/2nd-wave-may-leave-a-bigger-dent-on-gdp/articleshow/82959246.cmsSynopsis Slow vaccinations and the uneven easing of curbs by states will likely weigh on recovery. “Even as India’s second Covid-19 wave starts to
Growth pangs: Govt weighs fresh stimuli, relief package to soften Covid-19 blow – The Financial Express
Clipped from: https://www.financialexpress.com/economy/growth-pangs-govt-weighs-fresh-stimuli-relief-to-soften-covid-19-blow/2258903/ Package could be ‘smaller compared to last year’s yet meaningful’; tourism, hospitality, aviation among focus sectors The RBI had in April (before the
Pandemic Lows: Formalisation of jobs takes a big hit – The Financial Express
Clipped from: https://www.financialexpress.com/economy/pandemic-lows-formalisation-of-jobs-takes-a-big-hit/2258901/In the case of ESIC also, the net addition to the subscriber base is much lower than what the number of new subscribers indicates
IREDA invites bids for solar PLI scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ireda-invites-bids-for-solar-pli-scheme/article34642062.ece The offer-for-bids will close on June 30 Indian Renewable Energy Development Agency on Tuesday invited bids for setting up solar manufacturing units under
‘Domestication’ of the Chinese economy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/domestication-of-the-chinese-economy/article34644030.ece ‘Dual circulation’ marks China’s transition from an export-led economy to a domestically driven, services-led one At a time when the world economy is
Do not to ignore the probable cost of lower inflation: RBI study – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/do-not-to-ignore-the-probable-cost-of-lower-inflation-rbi-study/article34635746.ece The Study estimated the trade-off between long run inflation and steady State growth (SSG) rate, whereby the long-term growth would fall by 40
Increase in default risk leads to rise in interest rate spread, decline in credit growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/increase-in-default-risk-leads-to-rise-in-interest-rate-spread-decline-in-credit-growth/article34636079.ece A positive shock to risk premium increases interest rate spread by 30 basis points An increase in default risk, captured by gross non-performing
Up for sale: At least 1,200 Covid-hit small businesses looking for exit route – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34645983.ece More than 50 per cent of the stressed businesses listed on its website are from thetravel industry More than 50 per cent of
Mudra Loans: Govt wants lenders to step up focus on Mudra loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/govt-wants-lenders-to-step-up-focus-on-mudra-loans/articleshow/82889995.cms Synopsis“We are also considering extending the interest subvention of 2% on prompt repayment of Shishu loans sanctioned under the Pradhan Mantri Mudra Yojana
Reserve Bank of India surplus is rightfully the government’s – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/reserve-bank-surplus-is-rightfully-gois/articleshow/82917954.cmsSynopsis In this unprecedented time of economic contraction and much uncertainty, the larger RBI dividend would proactively improve government finances and reduce market borrowings.
Vehicle unit sales forecast down 5-10 percentage points for FY22 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/cars-uvs/vehicle-unit-sales-forecast-down-5-10-pp-for-fy22/articleshow/82926310.cmsSynopsis Vehicle retailing in India declined more than 30% in April, registration data showed, and is expected to fall to just a quarter of
The time has come for a states income tax | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-time-has-come-for-a-states-income-tax-121052400287_1.html What better way is there to empower states than for them to have their own income tax and have a greater degree of
Fiscal vs monetary policy, under uncertainty | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/fiscal-vs-monetary-policy-under-uncertainty-121052401432_1.html Heightened uncertainty from a second wave is likely to increase the relative efficacy of fiscal vis-a-vis monetary policy The first of this two-part
Double-digit unemployment rate makes a return | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/double-digit-unemployment-rate-returns-121052400643_1.html The unemployment rate touched 14.5 per cent in the week ended May 16, 2021 The unemployment rate has moved into double-digits. This is
What to make of RBI’s QE: The govt was the winner in 2020 and is so again, in the latest round – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/what-to-make-of-rbis-qe-the-govt-was-the-winner-in-2020-and-is-so-again-in-the-latest-round/2258236/ The curious part of this QE exercise was that all these measures were invoked at a time when there was surplus liquidity in
India plans stimulus package for sectors worst affected by second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/india-plans-stimulus-package-for-sectors-worst-affected-by-second-wave/articleshow/82933881.cmsSynopsis In April, the finance ministry eased rules for capital expenditure by government departments to try to boost spending in the economy. Pressure also
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