Clipped from: https://www.business-standard.com So, while we have achieved some success on the health front, are the steps taken to revive the economy adequate? As we hunker
Category: Economy
GST Council to mull market borrowings to bridge shortfall in compensation cess collection – The Financial Express
Clipped from: https://www.financialexpress.com/ Apart from the Centre and states which have raised their market borrowing plan for the current fiscal year amid a big revenue shortfall,
Debt to GDP ratio to rise in this fiscal, says Finance Commission chairman – The Financial Express
Clipped from: https://www.financialexpress.com/economy/ Additional expenditures to tackle Covid-19 pandemic and reduction in economic activity will push up the general government debt to GDP ratio in FY21.
MSMEs pin hopes on release of payments by govt – The Financial Express
Clipped from: https://www.financialexpress.com More than availing of the benefit of new credit lines and loan-related schemes announced by the government, nearly 63.3 million micro, small and
Banks approach MCA to expedite nod for 40 resolved IBC cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com With prospects of almost zero recovery over the next few months, banks are worried that buyers may call off deals or reduce valuations
Street vendor loans may come with subvention – The Economic Times
Clipped from: https://economictimes.indiatimes.com The government is considering a 5-7% interest subvention on loans to street vendors to make the targeted ₹5,000-crore financial assistance scheme popular amid
Alibaba.com hosts online summit to help Indian MSMEs navigate post Covid-19 world – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ Insights from Alibaba.com showcase that 65% of Indian sellers on the platform have no exporting experience while 32% of incoming sellers have no
A lot on the state government’s plate
Clipped from: https://economictimes.indiatimes.com/ Opening up after nearly two months of lockdown does not mean throwing caution to the winds. Rather, it means taking measures that build
No restrictions on utilisation of additional borrowing by states: FinMin official – The Economic Times
Clipped from: https://economictimes.indiatimes.com It is to be noted that the basic limit of 3 per cent remains unconditional, while only additional one per cent out of
Migrant workers turn towards banking for employment – The Economic Times
Clipped from: https://economictimes.indiatimes.com Financial institutions dominant in the villages have seen queries for opening banking kiosks surge fivefold since the lockdown began. Industry players attributed the
Raghuram Rajan says migrant workers need money for vegetables, cooking oil, shelter; foodgrains not enough – The Economic Times
Clipped from: https://economictimes.indiatimes.com India’s stimulus is inadequate in providing recovery of an economy pummelled by COVID-19, Rajan said. New Delhi: Calling India’s Rs 20.9 lakh crore
Rationale behind the package | Business Standard Editorials
Govt seems to be preserving some firepower The Rs 20-trillion economic package, announced by the government last week to deal with the impact of Covid-19,
Unproductive idea | Business Standard Editorials
Telangana should not dictate to farmers what to produce The Telangana government’s decision to dictate to the farmers what to grow and on how much area seems
Centre considers market borrowing for GST compensation to states | Business Standard News
Raising GST rates or rationalisation of tax slabs may be discussed by the GST Council in the next meeting to be scheduled early next month.
GDP growth in this fiscal depends on intensity of Covid-19: FinMin report – The Financial Express
The country’s actual GDP growth in FY 2020-21 will be contingent upon the intensity, spread and duration of the COVID-19 pandemic within national territory, Finance
Weaker NBFCs to gain from partial credit guarantee scheme 2.0 – The Financial Express
The decisions will help NBFCs, hit hard by the Covid-19 crisis, tackle their temporary liquidity mismatch and also enable them to continue to lend and
Restaurants staring at closures due to uncertainties over lockdown – The Financial Express
As per Dineout estimates, of the 4,05,000 QSRs (quick service restaurants)/takeaways with CFT (cost for two) of less than Rs 700, nearly 90,000 will shut.
The real story behind PM Modi’s mega MSME push – The Financial Express
Appearing on the same programme, economist Venkatraman Anantha Nageswaran reminded viewers that the relief should extend to micro, small, and medium farmers and agri-businesses. On
India needs a much larger stimulus–Economic Times
It is welcome that finance minister Nirmala Sitharaman expressed the willingness, while talking to this newspaper and others, to keep open the possibility of further
Not much use sans reform of MSP–Economic Times
The Centre’s game plan to amend the Essential Commodities Act (ECA), 1955, so as to purposefully encourage private sector investment in storage of food products
