Clipped from: https://www.thehindubusinessline.com/economy/goods-export-can-hit-400-b-in-fy22-goyal/article34536743.ece Assures exporters that there concerns related to export promotion schemes, inverted duties were being taken up with the Finance Ministry India’s goods exports
Category: Economy
Lazy banking: Banks’ bond investment surpasses loans | Business Standard News
lipped from: https://www.business-standard.com/article/finance/lazy-banking-banks-bond-investment-surpasses-loans-121051000247_1.html Standard Chartered’s Sahay said the gap between investments and advances will narrow only gradually Deposit growth remained sturdy in double digits clocking 11.4
Developers likely to face tough time in office leasing, says study | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/developers-likely-to-face-tough-time-in-office-leasing-says-study-121051101508_1.html About 90 million square feet of lease renewals coming up this year, says a report by Anarock Developers agree that there will be
Disruption of essential supplies: Move policy from obtuse to sensible – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/move-policy-from-obtuse-to-sensible/articleshow/82555281.cmsSynopsis Policy must address both kinds of problems. Any deemed sign of shortage leads to hoarding and realised shortage. This must be averted. COVID-19
Microfiance sector seeks RBI’s additional support to combat COVID-19 second wave – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/microfiance-sector-seeks-rbis-additional-support-to-combat-covid-19-second-wave/articleshow/82550827.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “RBI timely intervention for the sector and its recent announcement of special long-term repo operations (SLTRO) of Rs 10,000 crore for Small Finance
Care Ratings revises downward GDP forecast to 9.2% for FY22 – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/indicators/care-ratings-revises-downward-gdp-forecast-to-9-2-for-fy22/articleshow/82554245.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis This is the fourth revision by the rating agency in its GDP growth forecast for FY2021-22 since March this year. On March 24
Exporters raise high input costs, pending export refunds with Piyush Goyal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/exporters-raise-high-input-costs-pending-export-refunds-with-piyush-goyal/articleshow/82550693.cmsSynopsis At a meeting with export promotion councils, issues related to high input costs due to rising prices of steel and plastics, release of
India opened up prematurely, Dr Fauci on COVID-19 crisis – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/india/india-opened-up-prematurely-dr-fauci-on-covid-19-crisis/articleshow/82556685.cmsSynopsis India has been severely affected by the unprecedented second wave of the coronavirus and hospitals in several states are reeling under the shortage
Moody’s cuts India’s growth forecast to 9.3 pc, risks of longer-term economic recovery scarring – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/moodys-slashes-india-growth-forecast-to-9-3-pc/articleshow/82549351.cmsSynopsis India is experiencing a severe second wave of coronavirus infections which will slow the near-term economic recovery and could weigh on longer-term growth
India might see ‘serious livelihood crisis’, says economist Jean Dreze – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/india-might-see-serious-livelihood-crisis-says-economist-jean-dreze/articleshow/82547631.cmsSynopsis The eminent economist said the situation today is not very different from what it was around this time last year as far as
Rupee appreciates on expectations of weak dollar, global risk sentiment – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rupee-appreciates-on-expectations-of-weak-dollar/article34529424.ece Gained 154 paise over the last month The rupee could see an appreciating bias on expectations of a weak dollar and global risk
Carry positions can hurt exchange rate and cause inflation, says SBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/carry-positions-can-hurt-exchange-rate-and-cause-inflation-says-sbi-121051001437_1.html This is particularly important for the Reserve Bank of India (RBI) as it works under an inflation-targeting regime The combination of two instruments
Tens of millions on the fringes sink into poverty as Covid wrecks India | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/tens-of-millions-plunge-into-poverty-during-second-coronavirus-wave-121050900675_1.html The government estimates India’s gross domestic product shrank 8 per cent in the year ended March, its biggest contraction since 1952 Experts have
HDFC picks up stake in CSC Grameen e-Store, banking on rural commerce – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/hdfc-bank-gets-1-5-of-grameen-estore-for-rs-10-crore/articleshow/82532483.cmsSynopsis This comes after the digital arm of the Tata Group — Tata Digital — had purchased a similar stake in the government-run rural
Solar power majors get $3-billion shock from Supreme Court order – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/renewables/solar-power-majors-get-3b-shock-from-sc-order/articleshow/82538167.cmsSynopsis Developers estimate the total cost to change the existing overhead wires to underground cables at ₹22,000 crore (approximately $3 billion), requiring a tariff
Restructuring 2.0: can RBI’s pre-emptive move help avert a crisis in retail loans? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/restructuring-2-0-can-rbis-pre-emptive-move-help-avert-a-crisis-in-retail-loans/primearticleshow/82531066.cms Synopsis–Gross retail NPAs have steadily been on the rise and with FY21 numbers breaching the five-year average by a huge margin, regulatory forbearance
JSPL repays Rs 2,462 crore to its term lenders, aims to be debt-free in the short term – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jspl-repays-rs-2462-crore-to-its-term-lenders-aims-to-be-debt-free-in-the-short-term/articleshow/82523860.cmsSynopsis “This reduction of Rs.2,462 Cr is over & above the annual committed debt reduction in the financial year 2020-2021,” the company said in
Mumbai Angels Network sees 36 exits, eyes 50 investments this year | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mumbai-angels-network-sees-36-exits-eyes-50-investments-this-year-121051001374_1.html Purplle has raised $45 million from Sequoia Capital India and existing investors Verlinvest, Blume Ventures and JSW Ventures. The platform closed 36 fresh
Domestic steel players poised for strong deleveraging plans as prices surge | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/domestic-steel-players-poised-for-strong-deleveraging-plans-as-prices-surge-121051001139_1.html With profitability at record levels, even if steel prices correct by 15-20% going ahead, players would still be in a comfortable position to
RBI: Restructuring 2.0: can RBI’s pre-emptive move help avert a crisis in retail loans? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/restructuring-2-0-can-rbis-pre-emptive-move-help-avert-a-crisis-in-retail-loans/primearticleshow/82531066.cms Synopsis–Gross retail NPAs have steadily been on the rise and with FY21 numbers breaching the five-year average by a huge margin, regulatory forbearance
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