Clipped from: https://www.financialexpress.com/economy/liquidity-crunch-new-mechanism-in-the-works-to-aid-exporters/2251629/ Given paucity of funds with govt, exporters to borrow at repo rate against MEIS entitlement As per the mechanism being explored, the government
Category: Economy
7.4 million job losses in April due to lockdowns, unemployment rate jumps to 8%: CMIE – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/1-1-million-job-losses-in-april-due-to-lockdowns-unemployment-rate-jumps-to-8-cmie/articleshow/82600685.cmsSynopsis Joblosses have pushed up India’s unemployment rate to 8% in April compared to 6.5% in March while the employment rate fell to 36.8%
Mobility curbs: More than 2.5 million trucks go off the road – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/mobility-curbs-more-than-2-5-million-trucks-go-off-the-road/articleshow/82623326.cms SynopsisAccording to Indian Foundation of Transport Research and Training or IFTRT, about 450,000 drivers who take up the difficult task of transporting necessities
‘PLI scheme can bring 8-12 GW more solar manufacturing capacity’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/pli-scheme-can-bring-8-12-gw-more-solar-manufacturing-capacity/article34543051.ece The ₹4,500-crore allocation towards solar modules may attract investments, says report The production-linked incentive (PLI) scheme for the renewable sector could facilitate the
PC shipments register 73 per cent growth in Q1 2021: IDC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/pc-shipments-register-73-per-cent-growth-in-q1-2021-idc/article34548562.ece A total of 3.1 million PCs were shipped during the quarter The Indian traditional PC market inclusive of desktops, notebooks, and workstations continued
The financial condition of PMC Bank continues to be precarious: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/the-financial-condition-of-pmc-bank-continues-to-be-precarious-rbi/article34550106.ece Liquidity position not improving enough to allow enhancement of withdrawal limit The Reserve Bank of India said any generalisation for release of funds
Retail loans constitute large share of loan recast by private banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/retail-loans-constitute-large-share-of-loan-recast-by-private-banks/article34549157.ece?homepage=true Overall restructuring of loans was low for most private sector banks; these banks have made sufficient provisions Even as Resolution 2.0 announced by
Low-cost charge-points plan seen as big plug for EV adoption – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/low-cost-charge-points-plan-seen-as-big-plug-for-ev-adoption/article34552441.ece?homepage=true The Indian Standards for LAC for EVs will be released in the next two months The government’s initiative on low-cost AC charging infrastructure
Risky rush – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebi-needs-to-do-all-it-can-to-steer-retail-investors-away-from-trading-in-risky-instruments/article34551816.ece SEBI needs to do all it can to steer retail investors away from trading in risky instruments Much has been written about the
IT hardware PLI not attractive enough – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/it-hardware-pli-not-attractive-enough/2251667/ Govt must put in place chunkier incentives, of closer to 3-4% and not the measly 2.2% that it is offering now Going ahead
The rise of cash a transient symptom – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/the-rise-of-cash-a-transient-symptom/articleshow/82612200.cmsSynopsis The huge increase in India’s cash in circulation during the pandemic is no cause for alarm. Central bank data shows that currency in
Import dependence | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/import-dependence-121051201480_1.html India must attain self-sufficiency in edible oils Buoyed by the good performance of agriculture in the past few years and the India Meteorological
Pandemic-impacted renewable energy projects can apply for extension again | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/pandemic-impacted-renewable-energy-projects-can-apply-for-extension-again-121051201191_1.html Frequent delays to hurt the 175 GW RE capacity target of next year This is the second time since last year that RE
‘INNergise’ to Mood Diet: Five-star hotels go all out to beat Covid blues | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/5-star-hotels-curate-special-menus-for-home-delivery-to-beat-pandemic-blues-121051201279_1.html Focus of home delivery menus is on foods that provide nutrition and improve mood without pinching customers’ pockets The move, they hope, would
Opportunity for India Inc to take forward cover widens as rupee strengthens | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/opportunity-for-india-inc-to-take-forward-cover-widens-as-rupee-strengthens-121051200828_1.html Many mid-sized firms don’t take proper forward cover, exposing themselves to risk; others are going for it as they feel the rupee will
Import dependence | Business Standard Editorials
lipped from: https://www.business-standard.com/article/opinion/import-dependence-121051201480_1.html India must attain self-sufficiency in edible oils Buoyed by the good performance of agriculture in the past few years and the India Meteorological
G-SAP: Second tranche of bond buying worth Rs 35k cr on May 20, says RBI – The Financial Express
lipped from: https://www.financialexpress.com/economy/g-sap-second-tranche-of-bond-buying-worth-rs-35k-cr-on-may-20-says-rbi/2250843/ The first such auction of Rs 25,000 crore was held on April 15. After the Monetary Policy Committee meeting last month, RBI Governor
Hardware PLI: Govt cuts manufacturing target by half – The Financial Express
Clipped from: https://www.financialexpress.com/industry/hardware-pli-govt-cuts-manufacturing-target-by-half/2250763/ The global manufacturing hubs are limited to a handful of countries with China being the predominant supplier to the world 66% market share
Rs 18k-cr PLI push for ACC battery storage – The Financial Express
Clipped from: https://www.financialexpress.com/industry/cabinet-nod-rs-18k-cr-pli-push-for-acc-battery-storage/2250875/ Under the latest scheme, the government aims to create domestic capacity to manufacture as much as 50 giga-watt hour (GWh) of ACC and
Battery storage tech: Cabinet green lights ₹18,100-cr PLI scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/battery-storage-tech-cabinet-nod-for-18100-cr-pli-scheme/article34542908.ece?homepage=true The plan is to achieve Advanced Chemistry Cell manufacturing capacity of 50GWh and niche ACC capacity of 5GWh The Union Cabinet on Wednesday
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