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
Category: Economy
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
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.
Karnataka SME industry: Strict lockdown, slump may dent Karnataka’s SMEs this year too – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/strict-lockdown-slump-may-dent-karnatakas-smes-this-year-too/articleshow/82933539.cmsSynopsis Karnataka is home to over 800,000 medium, small and micro enterprises and the sector provides the second largest employment after agriculture BENGALURU: Medium,
India could be staring at Rs 5.4 lakh crore loss due to second round of lockdowns: Barclays – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/india-could-be-staring-at-rs-5-4-lakh-crore-loss-due-to-second-round-of-lockdowns-barclays/articleshow/82934758.cmsSynopsis Barclays lowered its growth forecast for the ongoing fiscal to a single-digit figure of 9.2% from 10% earlier. Similarly, SBI Research saw FY22
Time to look at ‘Ease of Living’ – OPINION – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34638008.ece Post-Covid worldThe unorganised sector needs a big boostSOMASHEKARA GRNSOMASHEKARA GRN Post-Covid worldThe unorganised sector needs a big boostSOMASHEKARA GRNSOMASHEKARA GRN1/2 Post-Covid worldThe unorganised
GST Council unlikely to bite the bullet on fuels – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34637944.ece Officials say Centre, States facing revenue shortfall due to lockdowns, lower demand The GST Council, which is meeting on May 28, is unlikely
RBI’s new restructuring package for small borrowers: Will it work? | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/rbi-s-new-restructuring-scheme-for-small-borrowers-will-it-work-121052300905_1.html The new restructuring package for small borrowers has little chance of taking off Imaging: Ajay Mohanty “Eat a live frog first thing in
A recovery interrupted | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-recovery-interrupted-121052300845_1.html This first of a two-part essay assesses the emerging economic fallout of the second wave After a very challenging two months, India’s second
RBI’s disclosure dilemma | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-disclosure-dilemma-121052300852_1.html While the RBI must respect the spirit of freedom of expression, we need to draw a Laxman rekha, and the RTI Act should
Cabinet secretary Rajiv Gauba to check progress of PLI schemes this week | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/cabinet-secretary-rajiv-gauba-to-check-progress-of-pli-schemes-this-week-121052300954_1.html The scheme also aims at making domestic manufacturing globally competitive, create jobs, and boost exports. The meeting comes in the backdrop of companies,
Centre, states stare at Rs 2-trillion GST cess gap amid Covid-19 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-states-stare-at-rs-2-trillion-gst-cess-gap-amid-covid-19-121052400026_1.html The GST compensation of states is expected to widen to Rs 2.5-3 trillion in FY22 as against the cess collection of Rs 1
Assessing RBI’s on-tap liquidity scheme – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/assessing-rbis-on-tap-liquidity-scheme/2257485/ The tenor of loans is three years for the banks, but there are no such restrictions for on-lending. This could lead to asset-liability
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