Clipped from: https://www.business-standard.com/article/companies/startups-connect-india-with-talk-to-type-audio-only-in-covid-times-121050400822_1.html Companies such as Chingari and Koo roll out audio-only and talk-to-type features to keep people connected amid the pandemic At a time when
Category: Economy
Performance-linked incentives fail to excite solar manufacturing firms | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/performance-linked-incentives-fail-to-excite-solar-manufacturing-firms-121050401398_1.html Domestic manufacturers could end up getting barely 3-5 per cent of the sale value of their solar cells and modules as incentives through
Clamour for packages for banks and NBFCs grows | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/clamour-grows-for-covid-19-regulatory-package-from-banks-and-nbfcs-121050401071_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Senior bankers say the situation had become serious and it was tough to gauge the economic impact Lenders are seeking a three-month moratorium
Structural shift | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/structural-shift-121050401323_1.html Higher GST collection reflects better compliance Goods and services tax (GST) collection for April indicates a structural shift. Collection touched an all-time high of
Bad debt! Banks, NBFCs sell LAP loans to asset reconstruction companies–business today
Clipped from: https://www.businesstoday.in/sectors/banks/bad-debt-banks-nbfcs-sell-lap-loans-to-asset-reconstruction-companies/story/438240.html The estimated LAP portfolio of banks and NBFCs is over Rs 6 lakh crore. Bankers suggest the gross NPAs in the LAP portfolio
For solar atmanirbharta, rethink duties – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/for-solar-atmanirbharta-rethink-duties/2245864/ A CEEW-CEF analysis shows India can achieve greater self-reliance in solar manufacturing through time-bound application of BCD at much lower rates—around half of
PLI scheme guidelines for food processing don’t have measures to benefit MSMEs, says industry body AIFPA – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/pli-scheme-guidelines-for-food-processing-dont-have-measures-to-benefit-msmes-says-industry-body-aifpa/2245750/ Ease of Doing Business for MSMEs: The Ministry of Food Processing Industries on Monday had issued the PLI guidelines for the food processing
Wistron: Foxconn, Wistron, Dell, 16 other cos apply for investments under PLI scheme for IT hardware – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/foxconn-wistron-dell-16-other-cos-apply-for-investments-under-pli-scheme-for-it-hardware/articleshow/82386724.cmsSynopsis Out of the total production, IT hardware companies have proposed production worth over Rs 1.35 lakh crore, and domestic companies have proposed production
Electronics, handset cos slash production – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/electronics-handset-cos-slash-production/articleshow/82396211.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Some component and device makers such as TMB Battery, Khy Electronics, Salcomp, Jabil, Sunwoda Electronics, JSP electronics, Hong Guang De Technology, Rashmi Rare
Banks, NBFCs ask RBI to relax bad loan rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-nbfcs-ask-rbi-to-relax-bad-loan-rules/articleshow/82396212.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Want central bank to classify second Covid wave as national natural calamity A second Covid wave many times worse the first has prompted
Indian exports: Several key sectors stare at export impact as pandemic rages – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/several-key-sectors-stare-at-export-impact/articleshow/82396215.cms Synopsis–“People are scared to buy from India and uncertain if we can deliver the orders,” said Sharad Kumar Saraf, president of the Federation
PLI scheme for solar PV modules, BCD a positive for domestic OEMs: ICRA – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/pli-scheme-for-solar-pv-modules-bcd-a-positive-for-domestic-oems-icra/article34471778.ece To support 21 GW modules from over 5 years The Ministry of New & Renewable Energy guidelines for the Production-Linked Incentive (PLI) scheme
Food Processing Ministry floats EoI for PLI scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/food-processing-ministry-floats-eoi-for-pli-scheme/article34472819.ece Selected applicants will get sales-based sops after fulfilling fresh investment target The Ministry of Food Processing has floated an expression of interest (EoI)
Two-wheeler makers report double-digit decline in sales in April on MoM basis – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/two-wheeler-makers-report-double-digit-decline-in-sales-in-april-on-mom-basis/article34473960.ece Honda, Bajaj Auto post record export sales Just like passenger vehicle manufacturers, major two-wheeler companies in the country, including Hero MotoCorp, Honda Scooter
Number of open job positions saw sharp fall in April – The Economic Times
Clipped from: https://economictimes.indiatimes.com/jobs/number-of-open-job-positions-sawsharp-fall-in-april/articleshow/82378741.cmsSynopsis Open positions at the end of April dropped 31% from March to touch the lowest level in 2021, according to data from official
Rupee: Forwards premium on Rupee-Dollar soars up to 360 bps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/forwards-premium-on-soars-up-to-360-bps/articleshow/82378740.cms Synopsis–The cost of covering unhedged currency risks in the derivative markets surged on Monday, potentially affecting companies with large import bills, with the
Real estate projects to feel the pinch as steel, cement prices rise | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/real-estate-projects-to-feel-the-pinch-as-steel-cement-prices-rise-121050400003_1.html Road transport & highways ministry charges a 10x toll rate for major bridges, structures Photo: Bloomberg An increase in prices of raw materials
Pessimism on the rise: Consumer sentiment weakens in April amid Covid surge | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/pessimism-on-the-rise-121050300935_1.html Consumer sentiments have been battered particularly badly during the last three weeks The raging second wave of Covid-19 has had an adverse impact
E-way bills likely to fall to five-month low amid Covid-19 lockdown | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/e-way-bills-likely-to-fall-to-five-month-low-amid-covid-19-lockdown-121050400036_1.html Likely to decline to 55-58 million in April In April e-way bill generation may decline to 55-58 million, which is the lowest since
Let us pray: RBI needs to pull out all the stops to prevent another sharp drop in the rupee – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/let-us-pray-rbi-needs-to-pull-out-all-the-stops-to-prevent-another-sharp-drop-in-the-rupee/2245323/ The rupee, on the surface, appears to be playing its own game. Since the start of 2020, it has taken two major hits,
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