Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/we-should-target-340-350-billion-in-exports-for-fy-22-contraction-in-trade-lower-than-expected-fieo/articleshow/80787035.cmsSynopsis Addressing a range of issues that are impeding growth for the exports sector, FIEO said that economic growth is not possible without a
Category: Economy
Nearly 70K women borrowers get credit guarantee under Modi govt’s flagship MSME support scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-cgtmse-nearly-70k-women-borrowers-get-credit-guarantee-under-modi-govts-flagship-msme-support-scheme/2192094/ Credit and Finance for MSMEs: The loan accounts approved during FY20 for women entrepreneurs under CGTMSE to support their business expansion and growth
The Finance Minister’s 2021 Budget has thrown a huge lifeline, but will it work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/search-rescue-operation/articleshow/80792802.cms Synopsis–The 2021-22 deficit is projected to decline to 6.5%, still very high, and similar in size to India’s fiscal deficits after the 1991-92
Nirmala Sitharaman’s Budget has growth written all over it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-nirmala-sitharamans-budget-has-growth-written-all-over-it/articleshow/80792799.cms Synopsis–This budget is not a traditional ‘consumption-led’ one, but rather infra-led, one that has high multipliers of growth. While it addressed several levers
No fiscal road map is meaningful without states: NK Singh – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/no-fiscal-road-map-without-states/articleshow/80795664.cms Synopsis–“Need a path that involves both Centre and states on fiscal deficit and debt; have suggested the constitution of an inter-governmental body of
Revamped Gold Scheme: Minimum deposit cut to 10 gm, jewellers roped in – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/revamped-gold-scheme-minimum-deposit-cut-to-10-gm-jewellers-roped-in/articleshow/80795970.cmsSynopsis Mobilising most of the idle gold from Indian households will help the country reduce dependence on import of gold and address the issue
Return of DFIs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/return-of-dfis/article33794397.ece?homepage=true Setting up a development financial institution is a good idea, but past errors should be avoided The Centre is banking on long-term infrastructure
Old wine, new bottle | Business Standard Editorials
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
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
