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
Category: Economy
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
Create a market for catastrophe bonds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/create-a-market-for-catastrophe-bonds/articleshow/83045707.cmsSynopsis For another, these offer attractive yields, and so can well be lapped up by long-term investors with the requisite risk appetite. The rising
SME: Bengal SMEs, exporters seek relaxation from COVID-19 restrictions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/bengal-smes-exporters-seek-relaxation-from-covid-19-restrictions/articleshow/83033086.cmsSynopsis West Bengal hosts the highest number of MSMEs in the country and they play a vital role in the state economy. KOLKATA: In
Joe Biden’s $6 trillion budget: Social spending, taxes on business | Business Standard News
Clipped from: https://www.business-standard.com/article/international/joe-biden-s-6-trillion-budget-social-spending-taxes-on-business-121052801800_1.html Biden has already described, in general terms, major plans on infrastructure and he won a major victory on Covid-19 relief earlier this year
Booster dose – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-centre-will-need-to-step-in-with-measures-to-support-demand-and-revive-private-investment/article34669822.ece The Centre will need to step in with measures to support demand and revive private investment The Centre would do well to pay
KCCI seeks solutions to tackle Covid-induced problems of MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/kcci-seeks-solutions-to-tackle-covid-induced-problems-of-msmes/article34665139.ece Demands measures including relaxation of NPA norms for loans availed, waiver of fixed charges of Escoms With the second wave of Covid pandemic
Cab drivers seek moratorium on vehicle loans, support – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/national/cab-drivers-seek-moratorium-on-vehicle-loans-support/article34671113.ece “Banks and the finance cos are seizing vehicles even as the drivers are struggling to earn enough to survive” KV Kurmanath With the pandemic
FISME writes to RBI’s Shaktikanta Das; suggests funding cash losses, suspending SMA norms, others for MSMEs – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/fisme-writes-to-rbis-shaktikanta-das-suggests-funding-cash-losses-suspending-sma-norms-others-for-msmes/2260116/ FISME also suggested sanctioning term loans to firms whose capital expenditure may have got stuck midway, suspending bank loan ratings by external credit
‘SC ruling to hold personal guarantor liable in insolvency cases to strengthen MSMEs’ credit discipline’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/sc-ruling-to-hold-personal-guarantor-liable-in-insolvency-cases-to-strengthen-msmes-credit-discipline/2258952/ The judgment will also encourage the promoters to use the pre-pack regime for MSMEs to find resolutions acceptable to the creditors and strengthen
India’s apparel exporters stare at a rough patch amid Covid lockdown – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/apparel-exporters-stare-at-a-rough-patch/articleshow/82985056.cms SynopsisThe next six months will be tough, an exporter said, worried that a long spell of lockdowns could cost them the Christmas business
Spend, government, spend, to trigger growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/spend-government-spend-to-trigger-growth/articleshow/83015138.cmsSynopsis Higher spending is needed to contain the toll on the economy due to lockdowns in the second wave of the pandemic. At this
Experts suggest fiscal measures to boost demand amid pandemic – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/experts-suggest-fiscal-measures-to-boost-demand-amid-pandemic/articleshow/83016290.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis This targeting spending is also required for contact-based services that have borne the brunt of the pandemic since last year, economists said even
RBI says economic cost of second Covid-19 wave may be limited to Q1 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/covid-19-crisis-govt-must-step-up-expenditure-to-boost-demand-says-rbi-121052701722_1.html Government must now step up expenditure to boost demand for private investment and consumption, said RBI According to RBI, “the recovery of the
Housing demand to reach pre-Covid levels only after FY23: Crisil – The Financial Express
Clipped from: https://www.financialexpress.com/industry/housing-demand-to-reach-pre-covid-levels-only-after-fy23-crisil/2260284/ “However, absolute demand will catch up with pre-pandemic levels only after fiscal 2023. The demand in the first half of this fiscal (FY22)
RBI raises concern over ‘bubble’ in equity market – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/rbi-raises-concern-over-bubble-in-equity-market/article34660101.ece?homepage=true Measures of dividend yield also signal that markets are getting overpriced The RBI’s concern over the relentless increase in stock prices without fundamental
The great divide | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-great-divide-121052701650_1.html After the epidemic, we will again cater to the interests of the privileged class and keep the underprivileged quiet with handouts The Covid
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