Clipped from: https://economictimes.indiatimes.com/news/economy/finance/rbis-higher-payout-to-help-govt-tide-over-revenue-losses-from-lockdowns-analysts/articleshow/82832506.cmsSynopsis After the RBI surprised the Centre with a record Rs 99,122 crore in surplus transfer for FY21, analysts said this will help the
Category: Economy
Unemployment rises to 14.5% in May, highest since last year’s lockdown – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/unemployment-rises-to-14-5-in-may-highest-since-last-years-lockdown/articleshow/82796137.cmsSynopsis CMIE data shows that the consumer sentiment index dipped further by 1.5% for the fifth consecutive week with the cumulative index down by
Setback for PLI scheme on IT hardware as peeved manufacturers cut investment commitments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/setback-for-pli-scheme-on-it-hardware-as-peeved-manufacturers-cut-investment-commitments/articleshow/82799574.cmsSynopsis Manufacturers are piqued over the low incentive structure of the scheme which offers only 1%-4% reward and does not compensate for the disabilities
Second Covid-19 wave rocks ecommerce boat, hits consumer spends – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/second-covid-19-wave-rocks-ecommerce-boat-hits-consumer-spends/articleshow/82807434.cmsSynopsis Fashion hit hardest; non-metro markets feel impact too, could be critical for recovery Ecommerce hasn’t been able to escape the impact of the ongoing
NBFCs brace for defaults, grim business prospects | Business Standard News
clipped from: https://www.business-standard.com/article/economy-policy/second-covid-19-wave-nbfcs-brace-for-defaults-grim-business-prospects-121052001459_1.html The collections are down as staff is not able to reach out to customers. With falling collections in the second Covid wave and
Centre considers a revamp of stressed asset guarantee scheme for MSMEs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-considers-a-revamp-of-stressed-asset-guarantee-scheme-for-msmes-121052001518_1.html As of May 14, guarantees of only Rs 68.39 crore had been issued, benefiting 632 businesses, a senior government official told Business Standard
Ahead of jobs miss, some Fed officials edged towards ‘taper’ debate | Business Standard News
Clipped from: https://www.business-standard.com/article/international/some-fed-officials-edged-toward-policy-debate-in-april-minutes-show-121052000022_1.html US stocks dropped further into negative territory after the release of the minutes, while the US 10-year Treasury yield rose to a session
Dec quarter saw rise in home loan delinquencies: CRIF High Mark – The Financial Express
lipped from: https://www.financialexpress.com/industry/banking-finance/dec-quarter-saw-rise-in-home-loan-delinquencies-crif-high-mark/2255946/ While housing finance companies (HFCs) faced 7.84% delinquencies, public sector banks saw 6.3% loans under stress during Q3FY21. CRIF High Mark, however, mentioned
Allow banks wider recast of loans – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/allow-banks-wider-recast-of-loans/2255982/ The second wave has hit small businesses hard; permit recast of loans of upto Rs 50 crore, while classiying the accounts as NPAs
Eateries launch own ordering websites – The Financial Express
Clipped from: https://www.financialexpress.com/industry/eateries-launch-own-ordering-websites/2255988/ “We used Instagram to market the brands. The marketing costs are justified given that we are building the brands for the long term,”
FAITH urges Centre to review and rationalise GST on tourism value chain – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/policy/faith-urges-centre-to-review-and-rationalise-gst-on-tourism-value-chain/article34606072.ece Say hospitality players must be allowed to get a refund of unutilised GST credit lying with State governments The Federation of Associations in
Released liquidity may help banks to subscribe to G-Secs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/released-liquidity-may-help-banks-to-subscribe-to-g-secs-aggregating-32000-cr-at-fridays-auction/article34607405.ece Market participants offered to sell seven G-Secs aggregating ₹1,21,696 crore Liquidity released on account of purchase of Government Securities (G-Secs/GS) aggregating ₹35,000 crore
Covid ‘infects’ leather exporters’ biz – NEWS – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34610861.ece Skeletal staff andshortage of sea containers emerge major concerns Leather exporters have enough orders on hand, but skeletal staff strength and shortage of
Creeping threat – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/creeping-threat/article34607953.ece?homepage=true The surge in global commodity prices poses a challenge in managing inflation At a time when the demand contraction caused by the second
We expect a massive disruption in supply-chain: Bosch India chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/we-expect-a-massive-disruption-in-supply-chain-bosch-india-chief/article34608200.ece ‘Nobody knows what impact the second wave of Covid will have on the industry’ India’s leading auto parts manufacturer Bosch posted a sharp
Depositors’ body wants banks to take a cue from Govt and not cut deposit rates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/depositors-body-wants-banks-to-take-a-cue-from-govt-and-not-cut-deposit-rates/article34605190.ece Cautions that a negative real interest rate may hamper growth in the long run The All India Bank Depositors’ Association (AIBDA) has requested
Don’t tinker with FDI e-comm rules – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/dont-tinker-with-fdi-e-comm-rules/article34599745.ece Clearing the air The government must take a clear stand on its e-commerce policy – /iStockphoto Clearing the air The government must take
Foreign Exchange Policy; Intervention isn’t manipulation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-foreign-exchange-policy-intervention-isnt-manipulation/articleshow/82778237.cmsSynopsis The criteria for branding currency manipulators are rather simple. The US Treasury looks at three criteria: (1) foreign exchange intervention in terms of
ECB warns of financial stability risks amid market ‘exuberance’ | Business Standard News
Clipped from: https://www.business-standard.com/article/international/ecb-warns-of-financial-stability-risks-amid-market-exuberance-121052000051_1.html Says flood of fiscal & monetary stimulus may build up dangerous imbalances The euro zone is vulnerable to such spillovers because, like most
Second wave of Covid-19: Consider second loan recast, PSBs tell RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/second-wave-of-covid-19-consider-second-loan-recast-psbs-tell-rbi-121052000034_1.html Want lower provisioning for restructuring than last year Reeling from the second wave of Covid-19 and its economic impact, public sector banks have
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