Page 19 - Economic Recovery

Airlines, hotels stare at uncertain future amid new curbs in Maharashtra

Tightening of travel restrictions and introduction of RT-PCR tests by more states had led to a near flat air traffic growth in Feb and demand will be dented further due to new curbs in Maharashtra.

Economic recovery resilient despite surging Covid cases: FinMin report

As India witnesses a rapid resurgence of Covid cases, a Finance Ministry report has exuded confidence in the economy and termed recovery as resilient citing improvement in high-frequency indicators

Surge in commodity prices to impact India's economy, says Ind-Ra

Indian economy is still struggling to come out of the Covid-19 impact

Shekhar Gupta: It isn't the economy, genius

Flurry of economic reform suggests Modi realises his muscular nationalism script is getting jaded. Chances are he'll try for economic recovery but stick to what's worked so far

Record GST collection due to recovery, increased compliance: Revenue Secy

GST collection in March this year stood at a record high of Rs 1,23,902 crore

Recovery on a roll: GST mop-up hits record Rs 1.24 trillion in March

Tax collections exceed Revised Estimates; Centre's fiscal deficit expected lower than 9.5% of GDP in FY21

Inflation to vaccines: Factors that will guide markets as economy recovers

India is battling a second Covid wave as its economy recovers from last year's devastation. And the RBI is unlikely to change lending rates. How will these factors influence stock markets in FY22?

All-round contraction in core sectors leads to 4.6% fall in overall index

May sharpen decline in IIP in Feb

World trade to see strong but uneven recovery, to grow by 8% in 2021: WTO

WTO said that global trade is primed for a strong but uneven recovery after the Covid-19 pandemic shock, forecasting an increase in the volume of world merchandise trade of 8 per cent this year

India records current account deficit of 0.2% in Dec quarter: RBI data

However, the current account remained in surplus at 1.7% for Apr-Dec 2020 as against in a deficit of 1.2% in Apr-Dec 2019

Govt to borrow Rs 7.24 trn, or 60% of planned amount, till September

Borrowing will be done across yield curve ranging from two-year bonds to 40 years, and including floating rate bonds (FRB)

China's factory growth accelerates most in 3 months, bolsters recovery

China's manufacturing activity expanded at the fastest pace in three months in March as factories cranked up production after a brief lull during the Lunar New Year holidays

Recovery tracker: Traffic, emissions stay below 2021 highs, powergen steady

People are spending more time at home than they were in pre-Covid times. Data as of March 23 shows 9% spike in time spent at residential locations. Workplace visits are down 15%

Gold prices hover near 2-week low as US dollar rallies on economic recovery

Gold prices slipped on Tuesday, around a more than two-week low hit in the previous session, pressured by a stronger US dollar and higher Treasury yields on optimism around a quick economic recovery

India needs to focus on improving project preparedness: JICA

JICA is the world's largest bilateral development agency, with India being it's most prominent partner in the world

India's economy on path of gradual recovery: International Monetary Fund

India's economy is on the path of gradual recovery, real GDP growth, return to positive territory in fourth quarter of 2020, IMF's spokesperson Gerry Rice said

Faster global growth will boost Asia Pacific's economic recovery: S&P

Asia Pacific's economic recovery from Covid-19 will be boosted by US stimulus and stronger global demand, S & P Global Ratings said on Thursday.Vaccine rollout in the region may lag other parts of the world but there will be enough progress to lift consumer spending and domestic demand later in 2021, it said in a report titled 'Economic Outlook Asia Pacific Q2 2021: Three-Speed Recovery Will Benefit From Faster Global Growth."S & P Global Ratings revised upward its growth forecast for Asia Pacific to 7.3 per cent for 2021 from 6.8 per cent previously.A faster-than-expected global vaccine rollout, a large dose of US stimulus and upside surprises in trade and manufacturing pushed its forecasts higher and offset recent weakness in household spending."We also expect gradual vaccine coverage in the region to encourage a virtuous cycle of higher spending on services, more jobs and rising incomes to power the next leg of recovery," said Shaun Roache, Asia Pacific chief economist at S

The making of another storm

Evolving conditions in both domestic and international markets can materially increase policy complexities

Railways registers 70% loss in passenger earnings; sees profit in freight

The Railways suffered a loss of Rs 38,017 crore in the passenger segment in the last fiscal due to the coronavirus crisis

Looking back at lockdown: Second Covid-19 wave dims demand recovery hopes

After unlock, demand improved month-on-month till December, when it hit a speed-breaker