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
Category: Economy
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
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
RBI’s renewed challenges | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-renewed-challenges-121042701330_1.html The second wave could increase risk for the banking system The Indian economy has been recovering well in recent months but a sudden
MSMEs urge FM Nirmala Sitharaman to review NPA classification norms | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/msmes-urge-fm-nirmala-sitharaman-to-review-npa-classification-norms-121042701411_1.html In its suggestions to the finance ministry, the Federation of Indian Micro, Small and Medium Enterprises has said the greatest need that has
Permission does not a bond market make–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/permission-does-not-a-bond-market-make/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Insurance regulator, Irdai, has given its go-ahead for
Defer PLI targets for global, domestic smartphone cos: Industry associations – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/defer-pli-targets-for-smartphone-cos/articleshow/82247086.cms Synopsis–Nine out of ten companies under the PLI scheme for handsets could not meet the year one incremental sales turnover targets in the
Restructure retail & individual loan accounts, liquidity support: FIDC to RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/restructure-retail-individual-loan-accounts-liquidity-support-fidc-to-rbi/articleshow/82273060.cmsSynopsis The body in a letter addressed to Shaktikanta Das, Governor of RBI, said this was for the interests of retail NBFCs who “primarily
Pandemic has household savings jumping to 22.5% of GDP: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/pandemic-has-household-savings-jumping-to-22-5-of-gdp-report/articleshow/82275685.cmsSynopsis But households’ physical savings fell to a low 5.8 per cent of GDP in the April-June period — when the whole nation was
