Page 1433 - Economy & Policy News
Covid impact: S&P slashes India's GDP growth forecast to 9.8% for FY22
S&P Global Ratings slashed India's GDP growth forecast for the current financial year to 9.8 per cent saying the second Covid wave may derail the budding recovery in the economy and credit conditions
 "Covid impact: S&P slashes India's GDP growth forecast to 9.8% for FY22")
RBI swings into action after banks indicate rising asset quality pressure
On tap liquidity for SFBs to address needs of small borrowers
 "RBI swings into action after banks indicate rising asset quality pressure")
'RBI in battle mode': Full text of Shaktikanta Das's speech on May 5
Central bank announces scheme allowing banks to support vaccine manufacturers, medical facilities, hospitals in Covid-19.
 "'RBI in battle mode': Full text of Shaktikanta Das's speech on May 5")
Could India have averted the crisis? And why more districts need a lockdown
More than half of the india's districts have a higher growth rate in covid-19 infection cases than the national average. Growth rate has doubled in three-fourth of India's districts in last fortnight.
 "Could India have averted the crisis? And why more districts need a lockdown")
India seeks investments from US companies in pharma, medical devices sector
India has reached out to top American pharma companies seeking investment in the country's pharmaceutical and medical devices sector
 "India seeks investments from US companies in pharma, medical devices sector")
RBI governor to make unscheduled speech at 10am as Covid devastates India
Central bank had last year announced a series of measures to support the economy suffering the impact of a nationwide lockdown
 "RBI governor to make unscheduled speech at 10am as Covid devastates India")
Explainer: Covid-19 vaccine patents dominate global trade talks
WTO members will assess on Wednesday signs of progress in talks on a proposal by South Africa and India to waive patent rights on Covid-19 vaccines in order to boost supply to developing countries
 "Explainer: Covid-19 vaccine patents dominate global trade talks")
Health care infrastructure is India's only pain point: USISPF's Mukesh Aghi
In an interview with Shreya Nandi, Aghi talks about the global task force on pandemic response and how it plans to support India
 "Health care infrastructure is India's only pain point: USISPF's Mukesh Aghi")
Performance-linked incentives fail to excite solar manufacturing firms
Domestic manufacturers could end up getting barely 3-5 per cent of the sale value of their solar cells and modules as incentives through this scheme
 "Performance-linked incentives fail to excite solar manufacturing firms")
27 mn households sought work under employment guarantee scheme last month
This was mainly on account of migrants again returning to their homes due to the second wave of Covid-19 and several cities going into lockdowns
 "27 mn households sought work under employment guarantee scheme last month")
India Covid-19 crisis shows complacency, lack of leadership: Raghuram Rajan
Country should have recognised coronavirus potentially comes back in more virulent forms, says former RBI governor.
 "India Covid-19 crisis shows complacency, lack of leadership: Raghuram Rajan")
Export outlook might remain robust despite second coronavirus wave
According to preliminary data released by the ministry of commerce and industry, India's merchandise exports nearly trebled in April to $30.21 billion as compared to last year
 "Export outlook might remain robust despite second coronavirus wave")
Rolls-Royce partners with Hindustan Aeronautics for warship engines
The partnership will provide packaging, installation, marketing and services support for the MT30 engine
 "Rolls-Royce partners with Hindustan Aeronautics for warship engines")
DoT approves telcos' applications for 5G trials; no Chinese tech for trials
The Department of Telecom on Tuesday approved applications of Reliance Jio, Bharti Airtel, Vodafone and MTNL
 "DoT approves telcos' applications for 5G trials; no Chinese tech for trials")
Coronavirus second wave to hit first quarter growth, says report
Swiss brokerage UBS on Tuesday said lockdowns will impact the first quarter GDP to some extent.
 "Coronavirus second wave to hit first quarter growth, says report")
India's recovery to be hit by Covid surge; fiscal metrics to stay weak: S&P
The second wave could possibly diminish growth for the full year: S&P
 "India's recovery to be hit by Covid surge; fiscal metrics to stay weak: S&P")
DoT nod to telcos for conducting 5G technology and spectrum trials
Telcos to start 5G trials in different locations across India and the trials will cover rural, semi-urban and urban areas
 "DoT nod to telcos for conducting 5G technology and spectrum trials")
April auto sales show impact of coronavirus lockdowns, says report
The lockdowns have put the brakes on the recovery of the sector
 "April auto sales show impact of coronavirus lockdowns, says report")
Goldman Sachs lowers India growth forecast for FY22 to 11.1% amid lockdowns
A number of cities and states announced lockdowns of varying intensities to check spread of coronavirus infections
 "Goldman Sachs lowers India growth forecast for FY22 to 11.1% amid lockdowns")
SC strikes down WB law on regulating real estate, holds it unconstitutional
The Supreme Court struck down West Bengal's law on regulating the real estate sector in the state, and said it was unconstitutional as the statute encroached upon the Centre's Real Estate Act
 "SC strikes down WB law on regulating real estate, holds it unconstitutional")