Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/work-towards-more-localisation-or-we-will-think-of-increasing-import-duty-nitin-gadkari-to-auto-industry/articleshow/81204754.cmsSynopsis “I am requesting to [Sic.] auto manufacturing companies to take it (localisation) very seriously. Otherwise, for import of components we will think on
Category: Economy
One corner of the job market is booming, over 8 lakh positions open across 1,100 companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/jobs/one-corner-of-the-job-market-is-booming-8-lakh-positions-open-across-1100-companies/articleshow/81203759.cms Synopsis–Executive search firm ManpowerGroup India said there has been an almost 30% increase in demand from the retail and e-commerce sectors in the
Sebi chief Ajay Tyagi says disconnect between financial markets, real economy a global phenomenon – The Financial Express
Clipped from: https://www.financialexpress.com/market/sebi-chief-ajay-tyagi-says-disconnect-between-financial-markets-real-economy-a-global-phenomenon/2201675/ Capital markets regulator Sebi chairman Ajay Tyagi on Thursday acknowledged the systemic risk concerns raised by the RBI and Financial Stability Board over
RBI should stop fretting over bond yields – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/rbi-should-stop-fretting-over-bond-yields/article33925921.ece?homepage=true The yield curve has risen in all countries in February. There’s no immediate threat to private borrowers from rising yields The RBI’s battle
TV makers jump on PLI bandwagon as more AC companies evince interest | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tv-makers-jump-on-pli-bandwagon-as-more-ac-companies-evince-interest-121021501406_1.html Apart from offering inducement to any incremental production over the next five years, the scheme has the potential to transform the manufacturing landscape
Air conditioners manufacturers commit to export target of 50% of sales | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/air-conditioners-manufacturers-commit-to-export-target-of-50-of-sales-121022401718_1.html As part of the announcement, the Centre has earmarked over Rs 1.46 trillion for 10 sectors under the scheme. Currently, India has a
More women in shop-floor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/more-women-in-shop-floor/article33925984.ece The electronics sector can show the way Electronics units have always focussed on empowering women. With the government giving a big push to
Keeping yields low when inflation is rising is risky – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/keeping-yields-low-when-inflation-is-rising-is-risky/2200631/ RBI risks losing credibility if it tries to keep bond yields low while, to contain inflation, it will be tightening policy Real interest
PLI scheme: Only a few PLI sectors might succeed; most of them risk failure. Swaminathan Aiyar explains why – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/only-a-few-pli-sectors-might-succeed-most-of-them-risk-failure-swaminathan-aiyar-explains-why/articleshow/80905360.cmsSynopsis Why should the government pick winners instead of letting market competition decide that? In the 1990s, nobody thought that software, autos, and pharma
India needs new fiscal rules targeting interest-revenue ratio – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-india-needs-new-fiscal-rules-targeting-the-interest-revenue-ratio/articleshow/81176723.cms SynopsisA target for reducing the interest-to-receipts ratio to 33% is easier for the public to grasp — interest on old debts should not
Positive cues from China to keep steel prices, demand and supply in balance | Business Standard News
Clipped from: https://www.business-standard.com/article/international/positive-cues-from-china-to-keep-steel-prices-demand-and-supply-in-balance-121022200414_1.html China’s opening post-holidays was keenly awaited, especially in the wake of the sluggishness in the market in January With the pollution curbs, China
Export a new opportunity for construction equipment industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/export-a-new-opportunity-for-construction-equipment-industry/articleshow/81202159.cmsSynopsis The Indian CE market has been hobbled by the fact that the bigger machines are imported from China, Korea and Japan. (This story
Dip in gold jewellery exports hits small-scale units – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/dip-in-gold-jewellery-exports-hits-small-scale-units/articleshow/81202270.cmsSynopsis Estimates suggest that Gujarat also accounts for upto 10% of jewellery exports in India. Ahmedabad is home to at least 30-40 wholesale jewellery
The need for business continuity planning caps a disastrous year for MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-need-for-business-continuity-planning-caps-a-disastrous-year-for-msmes/articleshow/81202797.cms The year 2020 was difficult for everyone, but it was particularly tough for SMEs. Months of lockdown, paucity of funds, and a fall in demand
MSME sector emerged as growth engine of economy: RBI Governor Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-sector-emerged-as-growth-engine-of-economy-rbi-governor-shaktikanta-das/articleshow/81208004.cms Outlining the emerging post Covid opportunities in India, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the MSME sector in India has emerged as the
Stainless steel MSMEs will be on the verge of bankruptcy due to excessive import dumping from China, Indonesia: ISSDA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/stainless-steel-msmes-will-be-on-the-verge-of-bankruptcy-due-to-excessive-import-dumping-from-china-indonesia-issda/articleshow/81212911.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The government reversed six trade remedies out of which three relate to stainless steel, which is just 3% of the overall steel industry
Q3 GDP numbers today: Will the economy spring a surprise? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/q3-gdp-numbers-today-will-the-economy-spring-a-surprise/articleshow/81215292.cmsSynopsis The numbers come amid rising hope that the economy may have slowly turned the corner after having shrunk sharply during the past two
Too much cess – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/too-much-cess/article33925957.ece?homepage=true Reliance on cess and surcharge in tax revenues should be reduced The rising component of cess and surcharges — a part of gross
PM Modi’s acknowledgement of role of private sector, in Parliament, is welcome–SANJEEV BIKCHANDANI WRITES: INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/prime-ministers-acknowledgement-of-role-of-private-sector-in-parliament-is-welcome-7201743/ Post the open support from the Prime Minister, it is also up to the private sector to respond — grow your business, pursue
Cabinet to approve PLI scheme for electronics, medical devices–BUSINESS TODAY
Clipped from: https://www.businesstoday.in/current/economy-politics/cabinet-likely-to-approve-pli-scheme-for-laptops-tablets-medical-devices-today/story/432180.html PLI scheme for electronic gadgets could entail an investment of over Rs 7,000 crore. Companies setting up manufacturing units in India are likely
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