Clipped from: https://www.business-standard.com/article/opinion/old-wine-new-bottle-121020901964_1.html New DFI should not just be a bailout of the old One of the important announcements in this year’s Union Budget was the
Category: Economy
A steep fiscal correction | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-steep-fiscal-correction-121020901981_1.html With modest revenue effort, the burden of cutting the deficit will fall on a big expenditure contraction About 10 days ago, the Union
CEA to bankers: If you want books in order then let your ‘karma’ be driven by your ‘dharma’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/cea-to-bankers-if-you-want-books-in-order-then-let-your-karma-be-driven-by-your-dharma/2191482/ CEA Krishnamurthy V Subramanian was delivering the 11th R K Talwar memorial lecture organised by the Indian Institute of Banking and Finance. It
Pro forma gross NPAs of 17 banks estimated to be Rs 7 lakh crore – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/pro-forma-gross-npas-of-17-banks-estimated-to-be-rs-7-lakh-crore/2191468/ This implies Rs 1.04 lakh crore of bad loans in the system, which is yet to be recognised by the banks. The apex
V for Vindication: A Budget for V-shaped recovery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/v-for-vindication-a-budget-for-v-shaped-recovery/2191437/ The government could have gone for a survival Budget or a recovery Budget, but it had the gumption to think long-term and went
Honda raises full-year profit forecast helped by car sales rebound, cost cuts | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/honda-raises-full-year-profit-forecast-helped-by-car-sales-rebound-cost-cuts-949310.html Honda’s latest profit forecast is up from the 420 billion yen profit it predicted three months ago and higher than an average 463.6
Foreign tourist arrivals in India drop 97% in April-Dec 2020–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/foreign-tourist-arrivals-in-india-drop-97-percent-in-april-dec-2020/story/430749.html In 2019, for instance, foreign exchange earnings stood at $29.96 billion and $28.59 billion in the year before that. From January to June
‘Bad bank could help PSBs focus on growth’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bad-bank-could-help-psbs-focus-on-growth-say-experts/articleshow/80758314.cms SynopsisAccording to experts, systemic corporate stress is in the range of Rs 5-6 lakh crore, out of which Rs 4 lakh crore is
What is a National Bad Bank and how it will work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/what-is-a-national-bad-bank-and-how-it-will-work/articleshow/80757961.cms SynopsisBankers estimate the new ARC will require a capital of at least Rs 15,000 crore as that could enable it to buy bad
MCA amends definition of small companies, allows NRIs to incorporate One Person Companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/mca-amends-definition-of-small-companies-allows-nris-to-incorporate-one-person-companies/articleshow/80664903.cmsSynopsis The changes, announced by finance minister Nirmala Sitharaman during her budget speech on Monday, will come into effect from April 1, according to
Covid-hit MSMEs shutdown: Nitin Gadkari says no data maintained by government due to this reason – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-covid-hit-msmes-shutdown-nitin-gadkari-says-no-data-maintained-by-government-due-to-this-reason/2191127/ Ease of Doing Business for MSMEs: 88 per cent of the PMEGP beneficiaries reported that they were negatively affected, according to a KVIC
MSME registration crosses 20-lakh mark on Modi govt’s Udyam portal; nearly doubles in three months – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-msme-registration-crosses-20-lakh-mark-on-modi-govts-udyam-portal-nearly-doubles-in-three-months/2191291/ Technology for MSMEs: Udyam Registration is currently integrated with the Central Board of Direct Taxes and GST networks along with the public procurement portal
‘India lost more than a year’s worth of growth; can’t afford to go on a debt binge’ – The Financial Express
Clipped from: https://www.financialexpress.com/budget/india-lost-more-than-a-years-worth-of-growth-cant-afford-to-go-on-a-debt-binge/2187664/ Union Budget 2021 India: The economic contraction — the first in India since the 1970s — has put pressure on its government like
Basic Customs Duty on mobile phone components to spur localisation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/basic-customs-duty-on-mobile-phone-components-to-spur-localisation/articleshow/80768190.cmsSynopsis Sandeep Narula, Chairman of ESC said: “The imposition of customs duty is designed to make India a strong assembling hub, and will considerably
budget 2021: Prudence doesn’t mean stinginess or frugality: TV Somanathan, Expenditure Secretary – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/interviews/prudence-doesnt-mean-stinginess-or-frugality/articleshow/80675313.cmsSynopsis Revenue estimates have been prepared in a somewhat conservative manner… The numbers are reasonable, but it can still go wrong. If we do
Discretionary consumption coming back: Amnish Aggarwal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/discretionary-consumption-coming-back-amnish-aggarwal/articleshow/80768959.cmsSECTIONSDiscretionary consumption coming back: Amnish AggarwalLast Updated: Feb 09, 2021, 05:17 PM ISTSynopsis ‘Small and medium scale enterprises have been under pressure.’ Shift towards
Expect 20-25% uptick in financials and 40% upside in banks in near term – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/expect-20-25-uptick-in-financials-and-40-upside-in-banks-in-near-term-avneesh-sukhija/articleshow/80770179.cmsSECTIONSExpect 20-25% uptick in financials and 40% upside in banks in near termLast Updated: Feb 09, 2021, 06:32 PM ISTSynopsis The capex that everyone
India was a laggard last year, this Budget has changed growth trajectory: Punita Kumar Sinha – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/india-was-a-laggard-last-year-this-budget-has-changed-growth-trajectory-punita-kumar-sinha/articleshow/80770980.cmsSECTIONSIndia was a laggard last year, this Budget has changed growth trajectory: Punita Kumar SinhaLast Updated: Feb 09, 2021, 07:20 PM ISTSynopsis There could
PF interest rate: Tax on PF interest will change the way we invest in it: How the Budget hits your PF – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/tax-on-pf-interest-will-change-the-way-we-invest-in-it-how-the-budget-hits-your-pf/articleshow/80720630.cmsSynopsis This is not the first time the government has proposed to tax Provident Fund money. A significant number of salaried employees use the
Government may issue clarification on e-commerce sector: Piyush Goyal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-considering-certain-clarifications-on-fdi-in-e-commerce-sector-piyush-goyal/articleshow/80771632.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Separately, the minister also said that India is waiting for the confirmation of the new United States Trade Representative before starting a dialogue
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