Clipped from: https://www.financialexpress.com/industry/banking-finance/second-covid-wave-to-hit-banks-growth-harder-than-asset-quality-analysts/2252201/ “February and March were our best ever months in LAP, too. This has traditionally been an area where we have done well, both
Category: Economy
Steel industry faces challenges to pursue growth with stability – The Financial Express
Clipped from: https://www.financialexpress.com/industry/steel-industry-faces-challenges-to-pursue-growth-with-stability/2252198/ Manufacturing for full FY21 grows by (-) 9.8% and IIP by (-) 8.6%. This may be compared to second advance estimates for GDP
PLI for batteries should spur R&D – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/pli-for-batteries-should-spur-rd/articleshow/82638480.cmsSynopsis The plan, National Programme on Advanced Chemistry Cell Battery Storage, put forward by the department of heavy industry, proposes to create a battery
E-commerce firms face more hurdles in Maharashtra, Assam – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/e-commerce-firms-face-more-hurdles-in-maharashtra-assam/articleshow/82602598.cmsSynopsis The Maharashtra government, in a notification on Wednesday, said drivers and helpers of all goods carriers entering the state must carry a negative
Commerce Ministry seeks anti-dumping duty on certain rubber imported from 4 countries – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/comm-min-seeks-anti-dumping-duty-on-certain-rubber-imported-from-4-countries/articleshow/82625393.cmsSynopsis Directorate General of Trade Remedies (DGTR) has recommended the duty after concluding in its probe that ”Acrylonitrile Butadiene Rubber” from these regions has
Big apparel brands still need Bangladesh’s workers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/big-apparel-brands-still-need-bangladeshs-workers/articleshow/82624993.cmsSynopsis Bangladesh’s garment-export economy is something of a modern miracle. In 1978, the country was primarily agricultural; its garment industry amounted to nine factories
Air cooler industry feels the heat due to COVID wave II–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/air-cooler-industry-feels-the-heat-due-to-covid-wave-ii/story/439095.html “The second wave of COVID-19 calling for lockdowns and movement restrictions has had an adverse impact on the industry. The air cooler industry
Commodities are the cheapest asset class in the world now: Jim Rogers – The Economic Times
lipped from: https://economictimes.indiatimes.com/markets/expert-view/commodities-are-the-cheapest-asset-class-in-the-world-now-jim-rogers/articleshow/82627407.cmsSECTIONSCommodities are the cheapest asset class in the world now: Jim RogersLast Updated: May 14, 2021, 02:19 PM ISTSynopsis “If you can find the
Stranded NRIs look at Cambodia, Vietnam & Lanka for tax tourism – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/stranded-nris-look-at-cambodia-vietnam-lanka-for-tax-tourism/articleshow/82612491.cmsSynopsis Many multinational employees are stuck in India as several countries are not allowing Indians to fly back. In other cases, some NRIs want
Commodity conundrum | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/commodity-conundrum-121051301342_1.html Higher international prices will increase policy risks A decline in the inflation rate and a surge in the index of industrial production (IIP) would please markets and
Auto-debit payment bounce rate increases again in April | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/second-covid-wave-auto-debit-payment-bounce-rate-increases-again-in-april-121051400052_1.html Experts say the rise may continue, given the lockdowns In absolute terms, in April of the 85.4 million auto-debit transactions initiated, 56.3 million
Will the deadlier second wave prompt Modi govt to go for another stimulus? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/will-the-deadlier-second-wave-prompt-modi-govt-to-go-for-another-stimulus-121051201327_1.html A recent study found that the poorest of workers earned Rs 15,000 less on average last year. This time, state lockdowns may dent
Housing revival to boost economic sentiment: FM Nirmala Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/housing-revival-to-boost-economic-sentiment-fm-nirmala-sitharaman-121051400045_1.html SWAMIH Fund to benefit 116,000 home buyers, help banks and NBFCs grow Finance Minister Nirmala Sitharaman on Thursday said renewing stalled real estate projects will significantly improve
MSME credit gap: How Bitcoin, Ethereum, other crypto investors may address small business liquidity crisis – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-credit-gap-how-bitcoin-ethereum-other-crypto-investors-may-address-small-business-liquidity-crisis/2251607/ Credit and Finance for MSMEs: Of Rs 95.69 lakh crore gross bank credit outstanding as of February 26, 2020, the share of MSE
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
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
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