Clipped from: https://www.businesstoday.in/current/economy-politics/at-141-lakh-crore-gst-revenue-collection-for-april-2021-sets-new-record/story/438011.html The GST collections remained above the Rs 1-lakh-crore mark for the seventh month in a row in April, the finance ministry said on
Category: Economy
Four reasons why India’s coronavirus crisis will derail the world economy | Business Standard News
lipped from: https://www.business-standard.com/article/current-affairs/four-reasons-why-india-s-coronavirus-crisis-will-derail-the-world-economy-121050100373_1.html The virulence of the second wave in India seems to be related to a confluence of factors: government complacency, driven by poor data
MSMEs seek easing of NPA, compliance rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msmes-seek-easing-of-npa-compliance-rules/articleshow/82287398.cmsSynopsis The Federation of Indian Small and Medium Enterprises (FISME) also pitched for creation of a “war-room” to monitor prices of key raw materials
Assocham MSME chairman urges Centre to relax norms in view of second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/assocham-msme-chairman-urges-centre-to-relax-norms-in-view-of-second-wave/articleshow/82320910.cmsSynopsis Assocham along with other national and regional organisations have urged the Centre to extend the deadline for statutory filings in view of the
crowdfunding: How crowdfunding is transforming lives – The Economic Times
Clipped from: https://economictimes.indiatimes.com/how-crowdfunding-is-transforming-lives/articleshow/82213708.cms?utm_source=Desktop&utm_medium=HP_ETGreatReads&utm_campaign=DPSynopsis The success of campaigns related to COVID causes launched by top Indian crowdfunding platforms proves their acceptance among the masses and the role
Inflation: Retail inflation for industrial workers rises to 5.64% in March – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/retail-inflation-for-industrial-workers-rises-to-5-64-in-march/articleshow/82327437.cmsSynopsis “Year-on-year inflation for the month (March) stood at 5.64 per cent compared to 4.48 per cent for the previous month (February 2021) and
India’s manufacturing industries pin hope on a speedy recovery – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/indias-manufacturing-industries-pin-hope-on-a-speedy-recovery/articleshow/82346948.cms SynopsisThere is still uncertainty on the demand front, and manufacturers are also hit by a shortage of raw material, restrictions on movements, diversion
Amazon India announces measures to help SMBs amid COVID-19 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-india-announces-measures-to-help-smbs-amid-covid-19/articleshow/82345740.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The e-commerce major said it is waiving 50 per cent of the ‘sell-on-amazon’ or ‘referral fee’ from May 1-31 for a section of
Poultry sector in trouble for the third time in 14 months on Covid surge – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/poultry-sector-in-trouble-for-the-third-time-in-14-months-on-covid-surge/article34448841.ece Broiler meat rates nosedive as production costs rise on costlier soyameal, edible oils India’s poultry sector, valued at nearly ₹90,000 crore, is going
Credit costs to remain elevated for NBFCs: CARE Ratings – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-costs-to-remain-elevated-for-nbfcs-care-ratings/article34447543.ece The second wave of Covid-19 has pulled back the recovery gains with subsequent impact on asset quality, Says the credit rating agency Credit
Solar PLI to depend on sales volume, domestic sourcing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/solar-pli-to-depend-on-sales-volume-domestic-sourcing/article34451170.ece The incentive will be tapered annually over five years, says Ministry The size of the Central government’s production-linked incentive for new solar module
More job-loss ahead, raise govt spending – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/more-job-loss-ahead-raise-govt-spending/2243360/ There is now a real danger of structural damage to the economy; the govt must quickly come up with a new relief package
Joe Biden calls for United States to enter a new superpower struggle – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/defence/joe-biden-calls-for-united-states-to-enter-a-new-superpower-struggle/articleshow/82328965.cmsSynopsis In fact, he is facing the worst relations in two decades with very different superpower adversaries that are seeking to exploit America’s visible
Loan growth touches new low in the pandemic year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/loan-growth-touches-new-low-in-the-pandemic-year/articleshow/82332926.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Gayatri NayakEditor, The Economic TimesSynopsis The pandemic led contraction in economic activity led to a sharp slowdown in credit demand Non-food bank credit
Stocks to buy: Bank of Baroda, RBL and IDFC First could double from here: Sanjiv Bhasin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/bank-of-baroda-rbl-and-idfc-first-could-double-from-here-sanjiv-bhasin/articleshow/82328706.cmsSECTIONSBank of Baroda, RBL and IDFC First could double from here: Sanjiv BhasinLast Updated: Apr 30, 2021, 05:31 PM ISTSynopsis Midcap banks and PSUs
Free rides and beer: Incentives are added to vaccine drive – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/free-rides-and-beer-incentives-are-added-to-vaccine-drive/articleshow/82326940.cmsSynopsis Public health officials say the efforts are crucial to reach people who haven’t been immunised yet, whether because they are hesitant or because
Yes Bank pins hopes of economic recovery even as slippages rise – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-pins-hopes-of-economic-recovery-even-as-slippages-rise/articleshow/82331201.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis CEO Prashant Kumar said he expects the economy to recover faster this fiscal amidst the second wave of Covid led by faster vaccinations
A pandemic is not the time to worry about fiscal deficit | The Indian Express
lipped from: https://indianexpress.com/article/opinion/columns/a-pandemic-is-not-the-time-to-worry-about-fiscal-deficit-7295959/ Given that a timely deficit may not have adverse macroeconomic consequences, surviving this pandemic first by enhancing the required spending is crucial Kasturba
Indian economy was well on the road to recovery before new virus wave hit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indian-economy-was-well-on-the-road-to-recovery-before-new-virus-wave-hit/articleshow/82320064.cmsSynopsis Passenger vehicle sales more than doubled from a year ago, rising to 291,000 units in March, according to SIAM data. Two-wheeler sales were
Plants gaining from M-SIPS not eligible for solar PLI scheme – The Financial Express
lipped from: https://www.financialexpress.com/industry/plants-gaining-from-m-sips-not-eligible-for-solar-pli-scheme/2242784/ The MNRE, on Thursday, released the broad guidelines on how PLI scheme can be availed by domestic solar manufacturers. Companies producing more efficient
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