Page 27 - Economic Recovery

FDI into India increases 37% to $43.85 billion during Apri-Nov 2020

Foreign direct investment into India increased by 37 per cent during April-November 2020 period

India's GDP to contract 8% in fiscal year 2021, says FICCI Survey

India's gross domestic product (GDP) is expected to contract by 8 per cent in 2020-21, according FICCI

An expansionary consolidation

The Budget can generate an expansionary fiscal impulse even as it consolidates the headline deficit

Address the K question

Uneven economic recovery will not be sustainable

Best of BS Opinions: India's 72nd Republic Day, economic recovery, and more

Here are the top BS Opinions of the day

Economy has regained dynamism, showing faster recovery: President Kovind

Kovind's remarks came amid the nearly nine-month-long military standoff with China in eastern Ladakh and the deadlock between the Centre and the farmer unions over the farm laws enacted in September.

Job losses from virus four times as bad as 2009 global financial crisis: UN

The pandemic severely disrupted the global economy

Bank of America gives pandemic bonus to 97% of its 170,000 staff

This includes over 24,000 of the bank's staffers in India

Reliance 'ebitda' back to pre-pandemic levels driven by consumer businesses

Reliance has seen pre-tax profit recover to pre-pandemic levels on the back of continued growth in consumer businesses, Moody's said

Investment in upskilling can boost global GDP by $6.5 trillion by 2030: WEF

The investment can create 5.3 million new jobs by 2030, according to a World Economic Forum report

India Inc on recovery path; 53% firms to raise headcount in 2021: Report

India's hiring activities declined last year due to the coronavirus pandemic

Pandemic-induced lockdowns boost household savings to 20-yr high: Report

Extra savings pegged at $200 billion, according to a foreign brokerage report

Top headlines: Sensex scales 50k for first time, RBI sees growth recovering

Business Standard brings you top news of the evening

World is surprised at Indian economy's 'V-shaped recovery': Shah

The Indian economy is undergoing a 'V-shaped recovery', Union Home Minister Amit Shah said

Economic recovery will lead to broader market rally: Rahul Singh of Tata MF

In a Q&A, the CIO-Equities of the fund house says the movement of the dollar and global crude prices will be key factors to watch out for going ahead

Fiscal deficit of states to hit peak of Rs 8.7 trn as tax collections slide

The Covid pandemic-induced lockdown and consequent slump in economic activity will hit tax collections of states, Crisil said

India seen contributing 15% of global growth by fiscal year 2026

The ongoing key reforms such as sops for manufacturing, easier labour laws, wooing FDI inflows and privatisation will help improve productivity, says a report

Covid-19: Optimism rises for deal on nearly $1 trn relief package in US

House Speaker Nancy Pelosi, D-Calif., said a provision by Sen. Pat Toomey, R-Pa., that would curb emergency Federal Reserve powers was the biggest hurdle to a sealing a deal

Global stocks sink as soaring coronavirus cases outweigh recovery hopes

Germany's DAX traded flat, France's CAC 40 index fell 0.1 percent and Italy's FTSE MIB index gained 0.1 percent. Britain's FTSE 100 index fell 0.3 percent

Economic activity tentatively returning to pre-Covid levels, says Icra

It can be noted that there have been apprehensions about the sustainability of the demand after a pick-up in economic activity during the festivities