Clipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/restaurants-pubs-stare-at-long-gloomy-nights/articleshow/81942046.cms Covid-19 curbs: Restaurants, pubs stare at long, gloomy nights Synopsis–Nightclub and bar owners said the night curfew from 10 pm to 5 am
Category: Economy
RBI inflation forecasting: RBI amends India’s criticized inflation-forecasting model – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/rbi-amends-indias-criticized-inflation-forecasting-model/articleshow/81956099.cmsSynopsis Dubbed as the Quarterly Projection Model 2.0, the RBI’s economists describe the framework as a forward-looking, open economy, calibrated, new-Keynesian gap model. The
Cabinet approves PLI scheme for ACs, LEDs, high-efficiency solar PV modules–business today
Clipped from: https://www.businesstoday.in/sectors/energy/cabinet-approves-pli-for-ac-leds-high-efficiency-solar-pv-modules/story/435977.html PLI scheme: The PLI scheme, which aims at boosting domestic manufacturing in the country, is a central government initiative to make the indigenous industry
4 lakh jobs, Rs 7,920 crore investment: The perks of PLI for white goods–business today
Clipped from: https://www.businesstoday.in/current/corporate/4-lakh-jobs-rs-7920-crore-investment-the-perks-of-pli-for-white-goods/story/435989.html The scheme is expected to be instrumental in achieving growth rates that are much higher than existing ones for AC and LED industries,
RBI revises inflation projection upwards: What changed in 2 months?–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/rbi-revises-inflation-projection-upwards-what-changed-in-2-months/story/435943.html While the RBI has kept the repo rate unchanged, hinting at short-term interest rates to remain low, the risk from ultra-loose monetary policy
RBI’s MPC keeps key lending rates unchanged; maintains accommodative stance–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/rbi-mpc-keeps-key-lending-rates-unchanged-maintains-accommodative-stance/story/435942.html RBI Governor Shaktikanta Das says MPC kept its estimate for economic growth unchanged at 10.5 per cent for FY22. MPC also saw inflation
Tweak the formula for small savings rates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/tweak-the-formula-for-small-savings-rates/article34255379.ece There’s a need to de-link the small savings rates from the G-Sec market. Also, the setting period needs reconsideration The announcement relating to
Why cash is still king in Indian economy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-cash-is-still-king-in-indian-economy/article34255724.ece Collapse of credit confidence post-GST and now Covid has played a role, besides illicit Chinese imports The riddle of a dramatic and record
NITI Aayog considers separate PLI scheme for MSMEs, examines biz models | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/niti-aayog-considers-separate-pli-scheme-for-msmes-examines-biz-models-121040601463_1.html Seeks different schemes for firms with higher targets, and smaller ones The PLI scheme does not currently focus on making MSMEs a part
The GST puzzle | Business Standard Column
The sharp rise in GST collection in March could be a false indicator if further rate reforms are delayed The amount of goods and services tax (GST)
Competition among auto cos address issue of vehicle scrapping sops: Gadkari | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/competition-among-auto-cos-address-issue-of-vehicle-scrapping-sops-gadkari-121040600772_1.html In a Q&A, the Union minister of road transport and highways says scrapping centres will become an entire industry on their own, subject
Small business lender Lendingkart raises new debt funding to disburse loans to 5,000 MSMEs via NBFC arm – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-small-business-lender-lendingkart-raises-new-debt-funding-to-disburse-loans-to-5000-msmes-via-nbfc-arm/2227855/ Credit and Finance for MSMEs: Lendingkart, which has disbursed over 1 lakh loans to more than 91,000 MSMEs so far through its NBFC
Germany hails US move on corporate tax as ‘great step forward’ – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/international/business/germany-hails-us-move-on-corporate-tax-as-great-step-forward/articleshow/81932849.cmsSynopsis The optimism comes a day after US Treasury Secretary Janet Yellen said Washington was pushing in the G20 for a global minimum corporate
global economy news: Why shortages of a $1 chip sparked crisis in the global economy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/why-shortages-of-a-1-chip-sparked-crisis-in-the-global-economy/articleshow/81924485.cmsSynopsis The chip crunch was born out of an understandable miscalculation as the coronavirus pandemic hit last year. When Covid-19 began spreading from China
Real exchange rate: Why the RER is so important – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/real-exchange-rate-why-the-rer-is-so-important/2228278/ Maintaining a competitive RER is necessary for the economy to achieve its full growth potential The reason why market forces cause the rupee
savings scheme interest rate: Why the economy needs a low interest rate regime – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/why-the-economy-needs-a-low-interest-rate-regime/articleshow/81885104.cms SynopsisFor credit markets to revive again and for lending to expand as needed, we need a low interest rate regime. This cycle will
Mine Stalled Real Estate for Growth–the economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/mine-stalled-real-estate-for-growth/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The latest figures suggest that growth is stalling
Mandatory registration of copper, aluminium products import is a welcome move – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/commodities/mandatory-registration-of-copper-aluminium-products-import-is-a-welcome-move/article34246707.ece The process of mandatory registration of import contracts for several copper and aluminium items under the ‘Non-ferrous metal import monitoring system’ has kicked-in
ipo–Primary froth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/primary-froth/article34246799.ece?homepage=true The IPO boom is seeing better quality issuers, but this doesn’t make IPO investing any less risky When a bull market is in
Should interest rates of small savings schemes be cut? Experts are divided on the matter – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/should-interest-rates-of-small-savings-schemes-be-cut-experts-are-divided-on-the-matter/articleshow/81885920.cms SynopsisExperts are divided on whether rate cuts are necessary or not. The government slashed small savings interest rates on 31 March, only to
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