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
Category: Economy
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
PLI scheme going under utilised, says Niti Aayog vice chairman – The Financial Express
Clipped from: https://www.financialexpress.com/economy/pli-scheme-going-under-utilised-says-niti-aayog-vice-chairman/2242724/ He stressed that the share of manufacturing in GDP should increase and limiting manufacturing only to small scale would not suffice. The Niti
Interest on interest refunds: Lenders make provisions in Q4FY21 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/interest-on-interest-refunds-lenders-make-provisions-in-q4fy21/article34439976.ece?homepage=true The IBA recently finalised a uniform methodology for refund or adjustment, as per the Supreme Court judgement Post the announcement of fourth quarter
States need to come on board for success of PLIs: MAIT – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/states-need-to-come-on-board-for-success-of-plis-mait/articleshow/82270561.cmsSynopsis The Manufacturers’ Association of Information Technology (MAIT), whose members include Apple, Dell, Lenovo, Cisco and HP, said single-window clearance system in several states
MSMEs: Can’t pay 28 days’ salary to Covid absentees: MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cant-pay-28-days-salary-to-covid-absentees-msmes/articleshow/82284855.cmsSynopsis In its order on April 26, the state government asked all industries to cover 28 days of salary for Covid-affected workers and to
Companies look to cover currency risk as rupee set to turn volatile – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/companies-look-to-cover-currency-risk-as-rupee-set-to-turn-volatile/articleshow/82315086.cms Synopsis”Companies with overseas borrowings are increasingly covering their positions as any sudden drop in the rupee’s value will raise their repayment liabilities amid
Niti Aayog: Private sector of India has to be key driver of growth: Niti Aayog VC Rajiv Kumar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/private-sector-has-to-be-key-driver-of-growth-niti-aayog-official/articleshow/82311122.cmsSynopsis Speaking at a webinar organised by Merchants’ Chamber of Commerce and Industry, Kumar said that the private sector also needs to create trust
Madras HC orders CBI probe into ‘artificial cement scarcity, price fixing’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/madras-hc-orders-cbi-probe-into-artificial-cement-scarcity-price-fixing/article34433265.ece?homepage=true Hearing the petition filed by the Class I Contractors Welfare Association on Wednesday, Justice Bhavani Subbarayan directed CBI counsel Srinivasan to ‘take notice,’
Chip shortages make manufacturers prioritise how to allocate resources | Business Standard News
Clipped from: https://www.business-standard.com/article/international/chip-shortages-make-manufacturers-prioritise-how-to-allocate-resources-121042801275_1.html Manufacturers are warning that production will continue to be affected because of the deepening chip crisis. It’s also shaken complacent companies to move
The perils of irrational exuberance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-perils-of-irrational-exuberance/article34432317.ece As Piketty observes, when the returns on wealth exceed GDP growth, the result is a massive rise in inequality One of the apparent
MSME loans: NBFC lenders stare at significant dip in lending for at least three months amid Covid 2.0 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-loans-nbfc-lenders-stare-at-significant-dip-in-lending-for-at-least-three-months-amid-covid-2-0/2241981/ Credit and Finance for MSMEs: Recently industry association for NBFCs Finance Industry Development Council (FIDC) had written to RBI seeking another round of
Inflation looms large, but need accommodative RBI – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/inflation-looms-large-but-need-accommodative-rbi/2242045/ Second surge has hit recovery, and the pain could linger for some time; despite discomfort, RBI must keep monetary policy easy This is
Retailers to FM Sitharaman: Give ECLGS benefits, 6-month moratorium, interest rate cut to fight Covid 2.0 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/retailers-to-fm-sitharaman-give-eclgs-benefits-6-month-moratorium-interest-rate-cut-to-fight-covid-2-0/2242034/ Credit and Finance for MSMEs: The expert Committee made under the chairmanship of K.V. Kamath had last year recommended financial ratios for 26
Atmanirbharta: Making a case for stainless steel – The Financial Express
lipped from: https://www.financialexpress.com/opinion/atmanirbharta-making-a-case-for-stainless-steel/2241314/ Increase the usage of stainless steel and ensure no dumping takes place It is a misnomer that the price of Indian companies’ stainless
Bad Banks: Not by sovereign guarantee–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/bad-banks-not-by-sovereign-guarantee/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. A sovereign guarantee for the security receipts issued
Cost to cover default risks goes up for banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/cost-to-cover-default-risks-goes-up-for-banks/articleshow/82295319.cmsSynopsis Credit Default Swaps (CDS), an insurance against default, tied to ICICI Bank and State Bank of India are now at elevated levels that
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