Page 20 - Economic Recovery

In spite of the pandemic

The Budget for 2021 makes a fresh beginning in dealing with numbers and estimates

Loan moratorium: SC ruling clears overhang for banks, sets path for action

Liability seen at Rs 8,000 cr if govt does not foot the bill; more transparency expected, loan recoveries to start

Jerome Powell says economy recovering but US Fed support still needed

Federal Reserve Chairman Jerome Powell says the economic recovery from the pandemic has progressed more quickly than expected, but the central bank does not intend to let up in its support efforts

India's rising coronavirus cases risk denting recovery out of recession

India's jobless rate, as calculated by think-tank Centre for Monitoring Indian Economy Pvt., inched up to 6.9% in February from 6.5% in January

Recovery tracker: Workplace visits dip; nitrogen dioxide emissions down

Power generation holds steady compared to previous week

Manufacturing gaining lost momentum in fourth quarter: FICCI survey

FICCI's latest quarterly survey on manufacturing assessed recovery of the sector for Q-3 (October-December 2020-21)

India to emerge as world's third largest economy in 2031: BofA Securities

Covid-19 to push back this feat by three years. BofA had earlier projected this in 2017 and had expected the Indian economy to achieve this status by 2028

IMF sees signs of stronger global recovery, but significant risks remain

IMF First Deputy Managing Director Geoffrey Okamoto said that in early April the Fund would update its January forecast for global growth of 5.5% to reflect additional fiscal stimulus spending in US

US economic recovery far from complete: Fed Chairman Jerome Powell

The economic situation in the US is much improved since the Covid-19 pandemic hit, but the recovery is "far from complete", Federal Reserve Chairman Jerome Powell said

Gold prices decline on firm dollar, strong economic rebound forecast

Gold prices fell as the dollar held onto its gains from the previous session on the back of rising US Treasury yields, while the Fed's forecast of a strong economic rebound further pressured the metal

India's economy projected to record stronger recovery in 2021: UNCTAD

India's economy, estimated to contract by 6.9 per cent in 2020 due to the coronavirus pandemic, is forecast to record a "stronger recovery" in 2021 and grow by 5 per cent, according to a UN report

Steps taken by govt during pandemic yielding results, says Thakur

Steps taken by the government to deal with Covid-19 pandemic are resulting in 'V-shaped' economic recovery, Thakur said

RBI may have to delay liquidity normalisation amid rising virus cases

RBI may have to delay liquidity normalisation amid rising virus cases

Retail jewellers to sustain recovery with 30-35% growth in FY22: Report

The outlook is stable, according to a report

Economic reforms to drive India sovereign rating, says K V Kamath

Veteran banker K V Kamath on Wednesday expressed optimism that India's sovereign rating would go up on the back of efforts being taken by the government to push economic reforms. Participating in a virtual event organised by India International Centre (IIC), Kamath, former chief of Shanghai-based New Development Bank, further said that he does not think rating agencies can hold India's rating "where it is". "With all the efforts (economic reforms) the government of India is making, I think that sovereign rating itself would go up. Because, I don't think rating agencies can hold India's rating where it is," Kamath said. The Economic Survey had expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals. Global ratings agencies have the lowest investment-grade rating on India, which is just above the junk status. In June 2020, Fitch Ratings revised India's outlook to 'negative' from 'stable' .

India and Philippines most vulnerable to risks of a 'taper tantrum': S&P

S&P Global Ratings on Wednesday said the recovery across Asia's emerging economies would withstand rising US yields so long as this reflects an improving growth outlook and reflation rather than a monetary shock. US yields are rising mostly due to expectations of higher growth, rather than fears of imminent tightening, or monetary-policy shock. This time around, initial conditions in Asia are sturdier than they were in 2013, the rating agency said. It said current account surpluses, low inflation (for the most part), higher real interest rates, and fatter foreign-exchange reserve buffers give regional policymakers more flexibility and should allow central banks to remain focused on supporting recovery. "The recovery across Asia's emerging economies should withstand rising US yields so long as this reflects an improving growth outlook and reflation rather than a monetary shock," S&P Global Ratings Asia-Pacific Chief Economist Shaun Roache. The US-based agency, however, said ...

7.8 mn domestic air passengers in Feb, 36.71% lower than last year: DGCA

The pandemic has heavily weighed on the aviation sector

Retailers reach 93% of pre-Covid sales in Feb, on verge of full recovery

The retail industry's business is on the verge of full recovery, a report said

India's exports during March 1-14 increase 17% to $14 billion

Exports are showing healthy signs of revival

President Joe Biden to join road show promoting economic relief plan

Biden is joining top messengers already crisscrossing the country to highlight the benefits of his massive COVID-19 rescue plan, in his case by promoting aid for small businesses