Page 32 - Economy & Policy Analysis

Economic survey 2020-21: Promise of a counter cyclical fiscal stance

While this will mean material deviation from the FRBM road map, we feel that a decisive and credible stance on near-term fiscal deficit and FRBM targets is the need of the hour

Economic Survey 2020-21 prioritises growth over fiscal consolidation

India's recovery can be faster than many other economies if the budgetary allocations are appropriately prioritized, writes D K Srivastava.

Economic Survey tries hard to dispel stigma of overusing fiscal policy

Given the government's cautious fiscal response to the pandemic so far, it seems unlikely that it will drop the ball on consolidation in the upcoming Budget

Supreme Court order on farm laws: None to praise and very few to love it

The order illustrates the axiom, that Indian judiciary's idea of justice is that when two people fight in court over a 100 rupee note, the judge tears it up into two and gives each person a half

No surprises in first advance estimate of GDP, govt expenditure crucial

Rural economy is helping consumption demand, but it is inadequate to compensate for the loss of urban demand.

2020: A year of coronavirus, consolidation and claims for non-life insurers

Industry officials are of the view that with the Covid-19 pandemic still evolving, it is difficult to predict the extent of impact on the sector.

The power of forward guidance

The point of dissonance is, however, regarding the surplus liquidity sloshing around the banking system and the fear that it might endanger financial stability

Macro backdrop calls for status quo on rates

The MPC in all likelihood would keep the repo rate unchanged at 4 per cent, extending the pause from its August and October meetings and reiterating the accommodative stance

India Inc sees a faster return to pre-Covid profits than other countries

A majority of Indian businesses intend to increase financial investment in their business over the next year, notably higher than the global average.

GDP data: Contraction can be ignored, but pre-Covid declining trend irksome

While the country is now technically in a recession with two successive quarters of negative growth, it should not be worrisome as this is the case across the globe with China being the only exception

Indian GDP to contract by 7-9% in FY21; Q2 numbers a positive surprise

Despite the base effect, agriculture and allied activities maintained a steady growth of 3.4 per cent in Q2 FY2021

FMCG industry sees signs of recovery in September quarter: Nielsen

Rural areas continued to drive growth for the FMCG sector.

The payment woes of the Municipal Corporation of Greater Mumbai

Reports suggest that contractors and vendors could set off their dues, such as property tax and penalties imposed by MCGM, using credit notes

RBI's out-of-the-box solutions may strengthen India's banking sector

Whether YES Bank, PMC Bank or LVB, year 2020 has seen the regulator taking market-oriented solutions to rescue failed banks

Covid-19 effect: Small savings cross Rs 1-trillion mark in first 6 months

A record, this is 25% more than last year, and 130% more than the average of the past five years

The pain points that India's burgeoning farm exports don't reveal

Seen at $17.68 bn in April-Sept, the export performance is set to surpass all expectations. Yet, the poor show by buffalo meat and plantation crops tell a different story

Cities with higher circle rates to gain from Sitharaman's new relaxation

While developers hail FM's announcement, they want the govt to exempt the entire interest paid on housing loan from income tax

India may start 2021-22 with 'little' fertiliser subsidy arrears

Centre allocates extra Rs 65,000 crore for FY21, over the BE of Rs 71,309 crore

Atmanirbhar Bharat 3.0: Prudent measures to boost job creation, stem capital destruction

The government is hoping that the green shoots visible in high-frequency data will further translate into a GDP uplift. And the latest measures - pragmatic and specific - will aid that

FM's move on circle rate-deal value gap may not help much in Mumbai, Delhi

Most homes in the two cities are worth more than Rs 2 cr and fall outside the ambit of the relaxation; smaller cities such as Bengaluru, Pune to benefit more