Clipped from: https://economictimes.indiatimes.com/news/international/world-news/joe-biden-democrats-prevail-as-senate-oks-1-9-trillion-covid-19-relief-bill/articleshow/81372444.cmsSynopsis After laboring all night on a mountain of amendments – nearly all from Republicans and rejected – bleary-eyed senators approved the sprawling package
Category: Economy
India’s IIP contracts to 1.6% in Jan; retail inflation rises to 5.03% in Feb – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/double-whammy-indias-industry-output-contracts-to-1-6-jan-retail-inflation-rises-to-5-03-in-feb/articleshow/81467922.cmsSynopsis The National Statistical Office (NSO) in the Ministry of Statistics and Programme Implementation (MoSPI) released the Quick Estimates of Index of Industrial Production
The ‘right way’ towards a $5-trillion economy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-right-way-towards-a-5-trillion-economy/article34046388.ece With focus on capex and R&D, Budget 2021 has given a push to the domestic market, which holds the key to India’s growth
Auto dealers may see pre-Covid levels of revenue, profitability in FY22: Crisil – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/auto-dealers-may-see-pre-covid-levels-of-revenue-profitability-in-fy22-crisil/article34044340.ece Recovery in new vehicle sales, and ancillary revenues will also help restore operating profitability Automobile dealers in the country may see their revenue
Bank privatisation as an experiment | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/bank-privatisation-as-an-experiment-121031101402_1.html The government must test the efficacy of privatising two banks first before going the whole hog Say this for the proposed move to
Customs duty on imported solar cells likely to hike power bill by 20% | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/customs-duty-on-imported-solar-cells-likely-to-hike-power-bill-by-20-121031101415_1.html There is a 14.5-per cent safeguard duty on imported solar gears from China and Malaysia. SEZ manufacturing units are considered on a par
NITI Aayog submits first list of about 12 PSUs for privatisation | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/niti-aayog-submits-first-list-of-about-12-psus-for-privatisation-121031200061_1.html Banks, insurers part of the list as process kicks off In her Budget Speech, Finance Minister Nirmala Sitharaman had announced privatising two public
Through the looking glass: India’s $550 billion stimulus – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/through-the-looking-glass-indias-550-billion-stimulus/2210832/ Relaxation in fiscal deficit targets creates enhanced fiscal space; this offers an opportunity to build India The central government has indicated in the
A higher operative inflation target may hurt growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-higher-operative-inflation-target-may-hurt-growth/articleshow/81450628.cmsSynopsis The recent firming up of food prices, cooking gas and rising petrol prices are expected to push CPI-consumer price index (CPI) inflation up
Banking on slower recovery | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/banking-on-slower-recovery-121030901718_1.html The Centre’s current deficit glide path reveals a conservative stance on growth While presenting her Budget for 2021-22, Finance Minister Nirmala Sitharaman had announced the
US weekly jobless claims at four-month low; labour market regaining footing | Business Standard News
Clipped from: https://www.business-standard.com/article/international/us-weekly-jobless-claims-at-four-month-low-labour-market-regaining-footing-121031200081_1.html Unadjusted claims dropped 47,170 to 709,458 last week, amid declines in Texas, New York and Mississippi, where claims had been boosted in the
India may not hit pre-Covid growth levels before 2025: Gita Gopinath – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/interviews/india-may-not-hit-pre-covid-growth-levels-before-2025-gita-gopinath/articleshow/80491306.cmsSynopsis “Lots of pandemic measures have been put in place in India and everywhere else in the world, given where the financial system was
A higher operative inflation target may hurt growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-higher-operative-inflation-target-may-hurt-growth/articleshow/81450628.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The recent firming up of food prices, cooking gas and rising petrol prices are expected to push CPI-consumer price index (CPI) inflation up
Cement industry expected to grow 13% by volume in FY22: Crisil Ratings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/india-chairing-taliban-sanctions-committee-key-factor-behind-inclusion-in-high-table/articleshow/81455625.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The decision to include India as the chair of this important sanctions committee in the UN significantly shaped the move to have India
India’s February fuel demand falls to 5-month low – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/indias-february-fuel-demand-falls-to-5-month-low/articleshow/81453555.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Consumption of fuel, a proxy for oil demand, fell 4.9% to 17.2 million tonnes year-on-year in February, data from the Petroleum Planning and
India economy: Five uncertainties for the world’s fastest-growing major economy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/five-uncertainties-for-the-worlds-fastest-growing-major-economy/articleshow/81455013.cms Synopsis–Let’s acknowledge that even with strong double-digit growth in FY22, India’s GDP as FY23 begins will be just about bigger than the FY20
Is the stock market in a bubble? Though bulls are running amok, investors should be cautious now – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/is-the-stock-market-in-a-bubble-though-bulls-are-running-amok-investors-should-be-cautious-now/articleshow/81363115.cms Synopsis–As the economy limps back to normalcy, demand recovery still remains nascent and vulnerable. While optimism seems high and the stock market bulls
Vaccines unlikely to be a silver bullet for the global economy: Moody’s – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/vaccines-unlikely-to-be-a-silver-bullet-for-the-global-economy-moodys/articleshow/81445698.cmsSynopsis Gross Domestic Product growth will depend on how countries manage the virus through vaccination programmes and other measures, but the longer-term economic impact
India’s growth in FY22 will be a story of two halves: Crisil – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/indias-growth-in-fy22-will-be-a-story-of-two-halves-crisil/article34026613.ece Says recovery won’t be easy with scars of the pandemic deep for small businesses Crisil expects India’s gross domestic product (GDP) growth to
Measured incentives – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/measured-incentives/article34029774.ece The Centre must assess the performance of the initial set of PLI beneficiaries before expanding the list The government is promoting Production Linked
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