Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rising-covid-spends-fuel-prices-online-delivery-to-crowd-out-consumer-demand-warns-sbi-report/articleshow/82708604.cmsSynopsis As the pandemic rages through the country, it is worthwhile to look beyond the headline inflation as rural core has now jumped to
Category: Economy
Coronavirus second wave hit aggregate demand more than supply, says RBI bulletin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/coronavirus-second-wave-hit-aggregate-demand-more-than-supply-says-rbi-bulletin/articleshow/82710345.cmsSynopsis The central bank said despite seasonally adjusted month-on-month momentum in industrial production being positive for the fourth consecutive month, anecdotal evidence points to
India Inc sheds debt to boost ratings, valuations – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/india-inc-sheds-debt-to-boost-ratings-valuations/articleshow/82696851.cms Synopsis–Reliance Industries has reduced its gross debt by nearly Rs 1.21 lakh crore in FY21 to Rs 2.24 lakh crore, riding on a
How to spend, yet reduce government debt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/ashima-goyal/how-to-spend-yet-reduce-government-debt/article34573377.ece Deficit matters India must never lose sight of fiscal consolidation – /iStockphoto Deficit matters India must never lose sight of fiscal consolidation –
How to reconstruct asset reconstruction companies | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/how-to-reconstruct-asset-reconstruction-companies-121051600864_1.html Banks feel happy shifting their toxic assets from loan books to investment books, while the ARCs are enjoying the management fees with a
Microfinance institutions using AI, machine learning to disburse more loans | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/microfinance-institutions-using-ai-machine-learning-to-disburse-more-loans-121051600789_1.html Tailor-made financial products are being devised, and credit histories are created for all customers. New tools have led to high collection efficiencies Imaging:
Truck rentals on key trunk routes down by further 5-7% in past fortnight | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/truck-rentals-on-key-trunk-routes-down-by-further-5-7-in-past-fortnight-121051600615_1.html Poor fleet utilisation, lack of return loads weighs on capacity of transporters to repay truck loans, puts question mark on business viability Poor
Solar power: Levy of basic customs duty may hit tariff trajectory – The Financial Express
lipped from: https://www.financialexpress.com/industry/solar-power-levy-of-basic-customs-duty-may-hit-tariff-trajectory/2253036/ The role of imports in solar capacity addition is evident from the numbers for the April-January period of the last fiscal. In December,
India launches probe against China, Thailand and Vietnam – The Financial Express
Clipped from: https://www.financialexpress.com/economy/india-launches-probe-against-china-thailand-and-vietnam/2253094/ Solar cells are the basic ingredient used in the manufacturing of solar modules and Chinese products are 15-20% cheaper than their Indian counterparts.
Liquidity Woes: Services exporters hit as benefits held back – The Financial Express
Clipped from: https://www.financialexpress.com/economy/liquidity-woes-services-exporters-hit-as-benefits-held-back/2252982/ The SEIS was introduced in the Foreign Trade Policy (FTP) for 2015-20; the validity of the FTP has now been extended up to
Small businesses struggle to stay afloat in second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/small-businesses-struggle-to-stay-afloat-in-2nd-wave/articleshow/82690642.cmsSynopsis The second lockdown, following the more deadly second wave of the pandemic, has completely disrupted the entire payments cycle that’s critical for small
Tractor sales to be hit as second Covid wave impacting rural areas: Escorts – The Economic Times
Synopsis The company, which has a joint venture with Japan’s Kubota, is looking at around 55 per cent growth in exports in 2021-22 with Europe
Sales of AC, other cooling products again hit by pandemic in peak season; companies now pin hopes on extended summer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/durables/sales-of-ac-other-cooling-products-again-hit-by-pandemic-in-peak-season-companies-now-pin-hopes-on-extended-summer/articleshow/82677786.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Leading players in the segment including Voltas, Daikin, Blue Star, Panasonic and Haier reported almost 75 per cent dip in April sales this
Staggered lockdowns start to bite battered restaurants – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/staggered-lockdowns-start-to-bite-battered-restaurants/articleshow/82666514.cmsSynopsis Even though take-outs and ordering have been exempted from the restrictions and continue in the bigger metros, there are fears that deliveries alone
Over 1.3 million blue-collar jobs up for grabs in India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/over-1350-lakh-blue-collar-jobs-are-up-for-grabs-in-india/article34565255.ece?homepage=true The demand for skilled manpower was seen higher in telecom, logistics, apparels and retail, as per the listings on ASEEM portal In what
Govt not present as India faces ‘greatest challenge’ in Covid-19: Rajan | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/covid-probably-india-s-greatest-challenge-since-independence-rajan-121051501036_1.html ‘Pandemic has shown that we are all connected,’ says economist and former RBI governor at a virtual event. Covid-19 is probably India’s greatest
Liquidity Crunch: New mechanism in the works to aid exporters – The Financial Express
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
Covid to act as speed-breaker, but won’t derail economy, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/covid-to-act-as-speed-breaker-but-won-t-derail-economy-say-experts-121051401215_1.html Some improvement likely when enough people are vaccinated in the later part of the year The pandemic and ensuing lockdowns would push up
Reserve Bank of India leaves 10-year bond unsold in auction, rejects bids | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/reserve-bank-of-india-leaves-10-year-bond-unsold-in-auction-rejects-bid-121051401367_1.html The rejection of the bids brought down yields by 2 basis points and the 10-year bond closed at below 6 per cent again,
SBI eyes over Rs 10K-crore credit pipeline for health infrastructure | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/sbi-eyes-over-rs-10k-crore-credit-pipeline-for-health-infrastructure-121051500044_1.html Ashwani Bhatia, managing director, SBI, said the bank had held discussions with firms that needed funds for building hospital infrastructure The Reserve Bank
