Clipped from: https://indianexpress.com/article/opinion/editorials/centre-coronavirus-second-wave-stimulus-nirmala-sitharaman-7381809/ Centre leans heavily on credit guarantees to aid the economy. Direct demand side support remains minimal. The actual fiscal outgo on account of
In stimulus, the helping hand: FM’s policy of guaranteed loans to urban poor is superior to other welfare schemes
Clipped from: https://timesofindia.indiatimes.com/blogs/et-commentary/in-stimulus-the-helping-hand-fms-policy-of-guaranteed-loans-to-urban-poor-is-superior-to-other-welfare-schemes/ Among proposals announced by FM Sitharaman on Monday, an important element is the credit guarantee scheme to incentivise microfinance institutions (MFIs) to lend
FX reserves strong enough to absorb shocks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fx-reserves-strong-enough-to-absorb-shocks/article35041329.ece?homepage=true But the RBI, in its urge to maximise returns, should not invest the forex reserves in risky market instruments India today has above
SEBI moves to empower independent directors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-moves-to-empower-independent-directors/article35044704.ece?homepage=true Overhauls rules on appointment, removal of IDs In a bid to empower independent directors of listed companies, market regulator SEBI has overhauled rules
Some credit support, but little stimulus – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/some-credit-support-but-little-stimulus/2280137/ Additional spending may be just a tenth of headline number; credit guarantee will help small businesses & Covid-hit sectors One appreciates the government’s
Your Queries (Income Tax): Use ITR Form 1 if you have income from salary and dividend only – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-use-itr-form-1-if-you-have-income-from-salary-and-dividend-only/2280783/ Assuming that you have income only from salary and dividends, you may continue to declare income in ITR-1. Disclosure may be made under
Industry bodies to take up GST issues with govt; GST to mark 4 years on July 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/industry-bodies-to-take-up-gst-issues-with-govt-gst-to-mark-4-years-on-july-1/articleshow/83960032.cmsSynopsis Simplifying input tax credit procedures, addressing issues arising from inverted duty structure, exploring faceless assessment within the GST structure, introducing process of rectification
RBI in a bind amid weak growth, surging inflation; may not hike rates till Q1 FY23: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rbi-in-a-bind-amid-weak-growth-surging-inflation-may-not-hike-rates-till-q1-fy23-report/articleshow/83952481.cmsSynopsis The central bank may hike the repo rate only by the first quarter of next fiscal (April-June 2022) and continue to maintain the
Economists doubt India’s new loan guarantees will boost growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/economists-doubt-indias-new-loan-guarantees-will-boost-growth/articleshow/83942444.cmsSynopsis Industry leaders and economists said the new loan guarantees, amounting to $35 billion, may provide some temporary relief but would not be sufficient
New TDS/TCS regime from July 1 – are you ready? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/new-tds/tcs-regime-from-july-1-are-you-ready/articleshow/83944077.cmsSynopsis The new provision coming into effect requires both sellers and buyers to undertake due diligence w.r.t. tax return filing status of the other
Have sunset clause for economic laws constraining growth: Vijay Kelkar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/have-sunset-clause-for-economic-laws-constraining-growth-vijay-kelkar/articleshow/83960998.cmsSynopsis Kelkar, who has also served as the Union finance secretary, cited the Land Act and Rent Act while illustrating the constraints posed by
More can be done: For GoI’s economic package to make a difference, demand needs a fiscal stimulus
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/just-not-enough-gois-economic-package-wont-make-a-real-difference-india-needs-a-fiscal-stimulus/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Revival after April-June: Thanks to boosters of vaccination, ample liquidity and upswing in global growth
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-edit-page/economy-revival-after-april-june-thanks-to-boosters-of-vaccination-ample-liquidity-and-upswing-in-global-growth/Sonal Varma The writer is the Chief Economist for India and Asia (minus Japan) at Nomura India’s economy and its citizens have just endured
A non-performing code for bad debt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/a-non-performing-code-for-bad-debt/article35023396.ece?homepage=true Five years after the Insolvency and Bankruptcy Code was enacted, banks are still struggling to recover the vast sums they have lent In
Onus on banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/onus-on-banks/article35023455.ece?homepage=true Renewed credit push to informal sector welcome, but banks need to shed conservatism for the proposals to work The Centre’s credit-driven push to
All you need to know about Meme stocks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-need-to-know-about/article35023447.ece Meme stocks, what many believed was a pandemic-induced diversion, seems to be staying on as a trend. Beginning with AMC Entertainment, GameStop and
India has managed its external sector well – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/india-has-managed-its-external-sector-well/article35023198.ece Forex reserves are healthy and CAD is sustainable, thanks to encouraging long-term non-debt creating capital inflows India has faced two major crises in
The post-Covid economy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-post-covid-economy-121062801507_1.html There is a strong case for the government to shift its attention from the economy to public service management The Indian economy has clearly fallen
The credit push | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-credit-push-121062801488_1.html Relief package is well-intentioned but won’t move the needle much Union Finance Minister Nirmala Sitharaman on Monday announced another set of measures to provide relief
How many years have we lost to coronavirus? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bs-number-wise-how-many-years-have-we-lost-to-coronavirus-121062800255_1.html One measure is the change in gross domestic product (GDP). The pandemic chipped away 7.3 per cent of India’s real GDP in 2020-21
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