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
India opened up prematurely, Dr Fauci on COVID-19 crisis – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/india/india-opened-up-prematurely-dr-fauci-on-covid-19-crisis/articleshow/82556685.cmsSynopsis India has been severely affected by the unprecedented second wave of the coronavirus and hospitals in several states are reeling under the shortage
Moody’s cuts India’s growth forecast to 9.3 pc, risks of longer-term economic recovery scarring – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/moodys-slashes-india-growth-forecast-to-9-3-pc/articleshow/82549351.cmsSynopsis India is experiencing a severe second wave of coronavirus infections which will slow the near-term economic recovery and could weigh on longer-term growth
India might see ‘serious livelihood crisis’, says economist Jean Dreze – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/india-might-see-serious-livelihood-crisis-says-economist-jean-dreze/articleshow/82547631.cmsSynopsis The eminent economist said the situation today is not very different from what it was around this time last year as far as
Time to slash stamp duty – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/time-to-slash-stamp-duty/article34528970.ece The Damani property deal must lead to a rethink In one of the biggest property deals, DMart founder Radhakishan Damani and his brother,
E-pharmacy is what the doctor ordered – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/e-pharmacy-is-what-the-doctor-ordered/article34528944.ece More competition E-pharmacies give the option of cheaper prices to consumers – iStockphoto More competition E-pharmacies give the option of cheaper prices to
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
Gaining currency | Business Standard Editorials
Large firms signal mainstream acceptance of crypto Cryptocurrencies came a step closer to widespread mainstream acceptance last weekend. Aerospace major Space-X will accept payment in cryptocurrency Dogecoin from
Decoded: Here’s how to tell the difference between Bitcoin and Ethereum | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/decoded-here-s-how-to-tell-the-difference-between-bitcoin-and-ethereum-121051001322_1.html The prices of both Bitcoin and Ether were relatively flat from early 2018 to the fall of 2020, a period known as the
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
Tens of millions on the fringes sink into poverty as Covid wrecks India | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/tens-of-millions-plunge-into-poverty-during-second-coronavirus-wave-121050900675_1.html The government estimates India’s gross domestic product shrank 8 per cent in the year ended March, its biggest contraction since 1952 Experts have
Notify Covid-19 vaccines as zero-rated supply under GST, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/notify-covid-19-vaccines-as-zero-rated-supply-under-gst-say-experts-121051100005_1.html Tax waiver on entire Covid-related supply chain could prevent a rise in price Experts point out that a tax waiver for the entire
HDFC picks up stake in CSC Grameen e-Store, banking on rural commerce – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/hdfc-bank-gets-1-5-of-grameen-estore-for-rs-10-crore/articleshow/82532483.cmsSynopsis This comes after the digital arm of the Tata Group — Tata Digital — had purchased a similar stake in the government-run rural
Solar power majors get $3-billion shock from Supreme Court order – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/renewables/solar-power-majors-get-3b-shock-from-sc-order/articleshow/82538167.cmsSynopsis Developers estimate the total cost to change the existing overhead wires to underground cables at ₹22,000 crore (approximately $3 billion), requiring a tariff
Restructuring 2.0: can RBI’s pre-emptive move help avert a crisis in retail loans? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/restructuring-2-0-can-rbis-pre-emptive-move-help-avert-a-crisis-in-retail-loans/primearticleshow/82531066.cms Synopsis–Gross retail NPAs have steadily been on the rise and with FY21 numbers breaching the five-year average by a huge margin, regulatory forbearance
Private banks allowed to undertake agency jobs for central and state govts without any fresh approval: RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/private-banks-allowed-to-undertake-agency-jobs-for-central-and-state-govts-without-any-fresh-approval-rbi/articleshow/82530826.cmsSynopsis Banks seeking fresh approval from RBI for government agency businesses should be healthy and are not under prompt corrective action framework or moratorium
GST exemption for Covid drugs unsound – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/gst-exemption-forcovid-drugs-unsound/articleshow/82530064.cmsSynopsis Estimates show that the country loses about 2% of the GDP on GST exemptions. Exemptions must be scrapped. The Centre is right to
Get Pfizer in, work out indemnity – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/get-pfizer-in-work-out-indemnity/articleshow/82530099.cmsSynopsis WHO experts opine there could be one or more Indian variants of the SARS Cov-2 virus that escape available vaccines. The vaccination drive is constrained
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
Mumbai Angels Network sees 36 exits, eyes 50 investments this year | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mumbai-angels-network-sees-36-exits-eyes-50-investments-this-year-121051001374_1.html Purplle has raised $45 million from Sequoia Capital India and existing investors Verlinvest, Blume Ventures and JSW Ventures. The platform closed 36 fresh
