Clipped from: https://timesofindia.indiatimes.com/world/us/wall-street-didnt-build-this-country-joe-biden-unveils-mega-investment-plan/articleshow/81812962.cms WASHINGTON: President Joe Biden has said his $2 trillion investment proposal, touted as a “once-in-a-generation” plan, would boost the US’s global competitive edge, modernise aging infrastructure and
Category: Economy
Is RBI fighting the wrong battle? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/is-rbi-fighting-the-wrong-battle-967411.html Forgotten in this tug of war is the question of whether interest rates really matter under Indian conditions RBI Governor Shaktikanta Das. Credit:
PLI deadline: Device makers likely to knock on PMO door for extension | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pli-deadline-device-makers-likely-to-knock-on-pmo-door-for-extension-121040100018_1.html The scheme was the first among the 10 new PLI schemes across various sectors which was announced last September The move comes close
Slippery slope | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/slippery-slope-121033101333_1.html Guaranteeing DFI debt will increase systemic risk Parliament has cleared the way for setting up the National Bank for Financing Infrastructure and Development
Inflation targeting has been a success – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/inflation-targeting-has-been-a-success/article34208320.ece This policy has done well to reduce inflation and improve transparency, and the Centre is rightly continuing with it In May 2016, the
Can’t let PLI scheme go bust, nurture it – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rational-expectations-cant-let-pli-scheme-go-bust-nurture-it/2224379/ This includes carrying over FY21’s PLI due to force majeure, allowing Chinese players in & ensuring WTO compatibility Since such localisation targets are
PLI scheme for IT hardware: Deadline to file application extended to April 30 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/pli-scheme-for-it-hardware-deadline-to-file-application-extended-to-april-30/2224259/ The scheme aims at providing incentive of 4% to 1% on net incremental sales over base year (2019-20) to the selected companies. “The
India records 0.2 pc current account deficit in December quarter – The Financial Express
Clipped from: https://www.financialexpress.com/economy/india-records-0-2-pc-current-account-deficit-in-december-quarter/2224170/ In the current fiscal, the current account had been in surplus in the previous two quarters, at USD 15.1 billion and USD 19
Why MSMEs are still looking for more government support? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/why-msmes-are-still-looking-for-more-government-support/2223993/ Ease of Doing Business for MSMEs: As the new fiscal begins, MSMEs share their asks from the government to help them get their
Cabinet approves Rs 10,900 crore PLI scheme for food processing industry–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cabinet-approves-rs-10900-crore-pli-scheme-for-food-processing-industry/story/435351.html The PLI scheme will incentivise manufacturing of four major food product segments — ready to cook/eat foods, processed fruits and vegetables, marine products
Emergency credit line guarantee scheme extended till June 30–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/emergency-credit-line-guarantee-scheme-extended-till-june-30/story/435370.html ECLGS 3.0, which will cover the newly added service sectors, will involve extension of credit of up to 40 per cent of total
Govt extends current foreign trade policy till Sept 30–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/govt-extends-current-foreign-trade-policy-till-sept-30/story/435360.html The government had extended the Foreign Trade Policy 2015-20 for a year till March 31, 2021 on March 31, 2020 amid the coronavirus
Cabinet approves Rs 10,900 crore PLI scheme for food processing industry–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cabinet-approves-rs-10900-crore-pli-scheme-for-food-processing-industry/story/435351.html The PLI scheme will incentivise manufacturing of four major food product segments — ready to cook/eat foods, processed fruits and vegetables, marine products
A billion for every chip-maker who ‘makes in India’ – The Hindu
Clipped from: https://www.thehindu.com/sci-tech/technology/a-billion-for-every-chip-maker-who-makes-in-india/article34207041.ece How to disburse the cash incentives has yet to be decided and the government has asked the industry for feedback, said a second
Govt defers labour codes implementation – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/govt-defers-labour-codes-implementation/article34206220.ece Employees’ take home pay, companies’ PF liability to remain same for now The four labour codes will not come into effect from April
RBI asked to ensure retail inflation remains at 4% till March 2026, says top official – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/govt-rbi-retain-2-6-inflation-target-for-5-years-ministry-official/articleshow/81781131.cmsSynopsis The earlier monetary policy framework, signed by Prime Minister Narendra Modi’s government with the Reserve Bank of India in 2015, had set up
France turns to grandparents to liberate Covid cash pile – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/france-turns-to-grandparents-to-liberate-covid-cash-pile/article34195397.ece France is weighing tax breaks for grandparents who hand cash to their grandchildren as a way to boost the economic recovery and mobilise
CBIC notifies new system for filing bill of entry for importers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cbic-notifies-new-system-for-filing-bill-of-entry-for-importers/article34197122.ece Hopes to facilitate faster clearance The Central Board of Indirect Taxes and Customs (CBIC) has notified a new system for filing Bills of
Higher import tariffs will hurt Atmanirbharta – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/higher-import-tariffs-will-hurt-atmanirbharta/article34200087.ece?homepage=true A well-calibrated Foreign Trade Policy is key to helping import competing industries. Higher import tariffs will hurt exports An overarching goal of the
‘Fintech can bridge MSME credit gap with digital data to assist risk analysis, cash flow-based lending’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-fintech-can-bridge-msme-credit-gap-with-digital-data-to-assist-risk-analysis-cash-flow-based-lending/2223151/ Credit and Finance for MSMEs: Access to reliable data in an “easy to access and analyse” digital format is at the center of
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