Page 23 - Economic Recovery

AIADMK govt presents interim budget ahead of TN assembly polls

The assembly elections are likely to take place in April

Organisations in India projecting 7.7% salary increase in 2021: Survey

The projected increase is one of the highest among the BRIC nations

Consumer sentiment in India's recovery

Growth that bounced back from -23.9 per cent in the first quarter to -7.5 per cent now seems poised to return to the positive zone in the third quarter

Biden to revise small business loans to reach smaller, minority firms

US President Joe Biden will launch changes on Monday to the main coronavirus aid program for small businesses

EPFO net new enrolments grow 24% to 1.25 million in December

The enrolments provide a perspective on the formal sector employment amid the coronavirus pandemic

Consumer confidence among urban Indians improves in February

Consumer confidence among urban Indians has moved up slightly, by 0.9 percentage point, in February so far, a report said

India's inflation target band up for review: Finance minister Sitharaman

The current inflation target band is at 2%-6%

Airbus lost $1.3 billion amid pandemic; expects better 2021

The firm expects to deliver hundreds of planes and make a profit this year

US: Dollar buoyed by economic recovery hopes, bitcoin near record $52,640

Stimulus cheques helped U.S. retail sales to rebound sharply in January, while industrial output and producer prices data also provided robust upside surprises

Asian markets eye muted start on economic hopes, Covid pandemic fears

Australia's benchmark S&P/ASX 200 index was down 0.1% in early trading, while Japan's Nikkei 225 futures were up 0.05%

NBFC stress will ease from FY22 with recovery in the economy: Experts

The level of stress in the sector will be less intense as economic activity has been improving gradually

Fed minutes highlight willingness to steer past coming inflation

The Fed made few changes to its policy statement at its last meeting in January, and did not issue new economic forecasts

Employers keen on hiring freshers across job roles: TeamLease report

Hiring of entry-level professionals is likely to witness a significant uptick going ahead, according to a survey by TeamLease EdTech

Investors bet big on cyclicals as economic recovery gathers pace

Going ahead, given the sharper-than-expected economic recovery back home, analysts say, can fuel a further rally in domestic cyclicals, industrials, and financials

Indian economy on track for recovery from upcoming fiscal, says S&P

S&P Global Ratings on Tuesday said Indian economy is on track for a recovery in the next fiscal year beginning April 1, as consistent good performance of the farm sector, flattening COVID-19 infection curve, and a pickup in government spending are all supporting the economy. Stating that India needs many things to be right for its recovery to continue, S&P said the country needs to quickly and thoroughly vaccinate most of its 1.4 billion people. "The emergence of yet more contagious COVID-19 variants with the potential to evade vaccine-derived immunity present a major risk to this recovery. As does the possibility of early withdrawal of global fiscal stimulus," S&P said in a report titled 'Cross-sector outlook: India's escape from COVID'. It said the budget for fiscal 2021-22, will also support the recovery, with higher than expected expenditures. India's improving growth prospects are critical to its ability to sustain the higher deficits associated with its more ...

Business optimism for Jan-Mar quarter turns positive: D&B survey

Business optimism has turned positive on a year-on-year basis for the ongoing quarter after witnessing negative growth throughout 2020, amid rising consumer demand, higher businesses transactions and normalisation of supply disruptions, according to a survey. The Dun & Bradstreet Composite Business Optimism Index stood at 79.9 for the first quarter of 2021, registering an increase of 26.8 per cent as compared to the year-ago quarter. Five out of six optimism indices have registered an increase as compared to the first quarter of 2020. The latest survey was carried out in December and covered 350 chief executive officers and managing directors. "The survey data indicates a positive upturn in GDP growth during January-March 2021. The latest Index reflects the optimism generated from green shoots of economic recovery and the deployment of COVID-19 vaccines from January 2021," said Dun & Bradstreet Global Chief Economist Arun Singh. Singh further said the surge in optimism is also

GDP to be in growth territory in December quarter: Icra Ratings

India's GDP is set to revert to the growth territory in the October-December 2020 period compared to the year-ago period, the ratings agency said

India on track for economic recovery in fiscal year ending March 2022: S&P

India is on track for an economic recovery in the fiscal year ending March 2022, S & P Global Ratings said on Tuesday.Consistently good agriculture performance, a flattening of the Covid-19 infection curve and a pickup in government spending are all supporting the economy, it said in a report titled 'Cross-Sector Outlook: India's Escape From Covid.'India needs many things to be right for its recovery to continue. Most significantly, the country needs to quickly and thoroughly vaccinate most of its 1.4 billion people."The emergence of yet more contagious Covid-19 variants with the potential to evade vaccine-derived immunity present a major risk to this recovery. As does the possibility of early withdrawal of global fiscal stimulus," said the report.However, near-term prospects are positive. With a sustained decline in national confirmed Covid-19 cases allowing for a gradual relaxation of formerly stringent epidemic control measures, high frequency economic indicators continue to ...

India's recovery gathers pace on good agri show, falling Covid cases: S&P

India faces a permanent loss of output versus its pre-pandemic path, suggesting a long-term production deficit equivalent to about 10 per cent of GDP

Economic activity on verge of normalcy, GDP to grow 13.5% in FY22: Report

Economic activity is on the 'verge of normality' after getting severely hit by Covid-19, a Japanese brokerage said