Page 16 - India Economy

Fiscal deficit at 8.2% in April-May as tax collection rises, lockdowns ease

Deficit was less 30 per cent less of last-year's level amid the nationwide lockdown to contain the coronavirus.

India's core sector output in May grows 16.8% year-on-year on low base

Steel, refinery products, cement, electricity, crude oil witnessed contraction due to restrictions imposed by various state governments

Large part of FM's stimulus package will work only in medium-term

The government and the central bank's credit measures appear to show India has gotten its priorities against a possible third wave of Covid-19.

Indian economy poised for recovery in FY22, says SBI Chairman

SBI Chairman Dinesh Kumar Khara has expressed hope that the country's economy would recover in the ongoing financial year

Bull run will last for 'very, very long time', says Rakesh Jhunjhunwala

Annual equity returns from Indian stocks will be about five percentage points, says ace investor.

As Covid made employee verification tough, 32% firms turned to tech: EY

Survey makes a case for tech-driven tailored approach, rather than one-size-fits-all process.

Recovery tracker: Workplace visits rise to April-end levels as curbs ease

Retail & recreation visits at nearly 60% of normal times

India's record foreign exchange pile may not be adequate: RBI paper

Foreign exchange reserves surged to $605 billion in the week to June 4 as the central bank mopped up dollars.

Govt okays proposal to roll out project to explore deep ocean for resources

The cost of the mission has been estimated at Rs 4,077 crore over a five-year period and will be implemented in phases

India should focus on exports, attracting best manufacturers: NITI Aayog

NITI Aayog CEO Amitabh Kant said that path to India's economic recovery post pandemic lies in attempting to focus on capturing the export markets, and push for consumer demand as the economy opens up.

In India's pandemic, the rich buy luxury cars and the poor lose their homes

Obsessed with keeping a lid on borrowing costs, the government is making things worse for the common man by its regressive consumption taxes.

Nomura ups India's 2022 GDP forecast to 7.7%; sees inflation at 5.3%

GDP, according to their estimates, is likely to contract by 4.3 per cent quarter-on-quarter (q-o-q) in Q2, much smaller than during the first wave (-24.7 per cent)

Print money and finance fiscal deficit? Why RBI doesn't agree with idea

The central bank has managed the government's borrowing programme well, helping in liquidity.

Analysts cut Bajaj Finance's FY22 earnings estimate as it warns of NPA hit

Bajaj Finance, in a mid-quarter update, indicated that its B2B and Auto Finance businesses were most affected due to strict lockdowns in majority of states

RBI Policy: Are central bank's inflation & GDP targets too 'optimistic'?

In this podcast, we assess Street's reaction to RBI policy, how achievable do RBI's growth and inflation targets look, can additional liquidity measures help to relieve stress in the Covid hit sectors

RBI assures liquidity for economy, keeps growth revival top priority

MPC unanimously votes in favour of keeping rates on hold and maintaining accommodative monetary policy stance.

RBI cuts FY22 GDP forecast to 9.5%, holds rates; stance stays accommodative

RBI governor Shaktikanta Das says repo rate remains unchanged at 4 per cent, reverse repo rate at 3.35 per cent; MSF and bank rate kept unchanged at 4.25%

Growth delayed, not denied due to Covid-19 wave: Axis MF's Jinesh Gopani

Markets believe growth will revive in the latter half of FY22, says executive.

Now is the time to move forward, re-open economy: Karnataka chief secy

Time has come for Karnataka to move forward and re-open the economy as the State has reached a stage where it can resume industrial operations in a staggered phase, Chief Secretary P Ravi Kumar said

Covid: FICCI suggests graded approach to unlock eco activities

It said any unit that is able to create an isolation bubble should be allowed to operate at all times even if it does not qualify as essential.