lipped from: https://economictimes.indiatimes.com/news/economy/indicators/care-ratings-revises-downward-gdp-forecast-to-9-2-for-fy22/articleshow/82554245.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis This is the fourth revision by the rating agency in its GDP growth forecast for FY2021-22 since March this year. On March 24
Category: EXIM
Exporters raise high input costs, pending export refunds with Piyush Goyal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/exporters-raise-high-input-costs-pending-export-refunds-with-piyush-goyal/articleshow/82550693.cmsSynopsis At a meeting with export promotion councils, issues related to high input costs due to rising prices of steel and plastics, release of
Rupee appreciates on expectations of weak dollar, global risk sentiment – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rupee-appreciates-on-expectations-of-weak-dollar/article34529424.ece Gained 154 paise over the last month The rupee could see an appreciating bias on expectations of a weak dollar and global risk
Carry positions can hurt exchange rate and cause inflation, says SBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/carry-positions-can-hurt-exchange-rate-and-cause-inflation-says-sbi-121051001437_1.html This is particularly important for the Reserve Bank of India (RBI) as it works under an inflation-targeting regime The combination of two instruments
JSPL repays Rs 2,462 crore to its term lenders, aims to be debt-free in the short term – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jspl-repays-rs-2462-crore-to-its-term-lenders-aims-to-be-debt-free-in-the-short-term/articleshow/82523860.cmsSynopsis “This reduction of Rs.2,462 Cr is over & above the annual committed debt reduction in the financial year 2020-2021,” the company said in
Domestic steel players poised for strong deleveraging plans as prices surge | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/domestic-steel-players-poised-for-strong-deleveraging-plans-as-prices-surge-121051001139_1.html With profitability at record levels, even if steel prices correct by 15-20% going ahead, players would still be in a comfortable position to
Large dollar supply will ensure that rupee appreciates: SBI report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/large-dollar-supply-will-ensure-that-rupee-appreciates-sbi-report/article34525493.ece Will help the Reserve Bank of India in inflation management, says Ecowrap The large supply of dollars will ensure that rupee will appreciate
FAITH urges Centre, RBI to take measures to protect tourism and hospitality jobs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/faith-urges-centre-rbi-to-take-measures-to-protect-tourism-and-hospitality-jobs-in-the-country/article34527636.ece Seeks waiver or compensation for fixed statutory liabilities, direct benefit transfer of basic pay The Federation of Associations in Indian Tourism & Hospitality
Rupee levels too crucial for inflation management: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rupee-levels-too-crucial-for-inflation-management-report/articleshow/82522354.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Estimates of exchange rate pass through suggest some moderation during the flexible Inflation targeting period. “But inflation can still alter by 0.1-0.13% for
Suresh Prabhu seeks release of FY20 benefits for services exports | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/economy/suresh-prabhu-seeks-release-of-fy20-benefits-for-services-exports-7306399/ Prabhu recommended that the travel and tourism (including health tourism), education and aviation sectors be exempted from the Rs 5-crore ceiling as they
India Inc’s overseas borrowing touches $9.23 billion, a two year high in March – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/india-incs-overseas-borrowing-touches-923-billion-a-two-year-high-in-march/article34528254.ece?homepage=true The sudden spike in March 2021 can largely be attributed to Indian Railway Finance Corporation (IRFC) which raised $4.92 billion External commercial borrowings
An asymmetric story: Big steelmakers mint money as smaller ones struggle | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/from-tata-to-jsw-steel-an-asymmetric-story-of-india-s-steel-industry-121050900889_1.html Large producers with iron ore mines and export markets are thriving in the current cycle but small ones, with access to neither, are
Finmin turns down India Inc’s plea for IGST exemption on imported Covid relief material – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/finmin-turns-down-india-incs-plea-for-igst-exemption-on-imported-covid-relief-material/article34512646.ece Only State Government’s authorised entity will get exemption and distribute freely Finance Ministry has turned down India Inc’s plea for IGST (Integrated Goods
Slashing of steel export rebate by China augurs well for India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/commodities/slashing-of-steel-export-rebate-by-china-augurs-well-for-india/article34508853.ece Provides enough room for companies to raise prices as global rates pick up China’s withdrawal of export rebates of 13 per cent on
CBIC allows import, export of goods without furnishing bonds to Customs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbic-allows-import-export-of-goods-without-furnishing-bonds-to-customs/articleshow/82479122.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis CBIC said importers and exporters will have to furnish an undertaking to the Customs authorities in lieu of the bonds till June 30.
Shaktikanta Das speech highlights: The emergency measures outlined by RBI Governor in unscheduled address – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/the-emergency-measures-shaktikanta-das-outlined-at-his-unscheduled-address-today/articleshow/82399785.cmsSynopsis Governor Das had been holding discussions with banks and NBFCs for some time about the ground situation on liquidity, credit flow and balance
Managing FX risks on imports – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/managing-fx-risks-on-imports/2247412/ While the premiums are, in general, higher than the average depreciation, they are substantially lower than the worst depreciation (to tenor) that we
Supply-chain: Solar industry crimped by supply chain and logistical challenges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/solar-industry-crimped-by-supply-chain-and-logistical-challenges/articleshow/82398275.cmsSynopsis The solar industry is facing a constellation of issues this year including higher prices for steel and aluminum, as well as elevated freight
Aluminium — the metal for an ‘Atmanirbhar Bharat’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/aluminium-the-metal-for-an-atmanirbhar-bharat/article34491805.ece The govt must rectify the pricing anomalies of bauxite to boost local production The primary source for aluminium is bauxite ore, which is
Lockdown unviable, COVID-19 vaccine the only solution; here’s why–business today
Clipped from: https://www.businesstoday.in/opinion/columns/lockdown-unviable-covid-19-vaccine-the-only-solution-heres-why/story/437900.html It is time policymakers and the national disaster management team sit together and find out how to ramp up existing domestic production of
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