Page 1439 - Economy & Policy News
India's GDP to grow at 11% this fiscal, economic recovery at risk: ADB
The Indian economy is projected to grow at 11 per cent in the current financial year amid the "strong" vaccine drive, said ADB on Wednesday
 "India's GDP to grow at 11% this fiscal, economic recovery at risk: ADB")
NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc
Those who had availed themselves of the recast earlier should get a second chance, the Finance Industry Development Council said in a letter to the RBI
 "NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc")
MSMEs urge FM Nirmala Sitharaman to review NPA classification norms
In its suggestions to the finance ministry, the Federation of Indian Micro, Small and Medium Enterprises has said the greatest need that has emerged is the flexibility in assigning NPAs
 "MSMEs urge FM Nirmala Sitharaman to review NPA classification norms")
USTR discusses proposed IP rights waiver with Pfizer, AstraZeneca
Development comes a day after US President Joe Biden said he is determined to help India in its time of need
 "USTR discusses proposed IP rights waiver with Pfizer, AstraZeneca")
Covid-19 Second wave may not derail Modi govt's disinvestment plan
Privatisation and strategic disinvestment drive are seen as key tools in boosting the economy amid the sharp surge in Covid-19 cases
 "Covid-19 Second wave may not derail Modi govt's disinvestment plan")
Decoded: Why higher circulation of currency is normal in abnormal times
In a country like India, where inflation is a curse word, currency in circulation has to be curtailed to control inflation
 "Decoded: Why higher circulation of currency is normal in abnormal times")
Building for scrap: Does India have the capacity to handle this?
Creating the capacity to scrap vehicles in the volumes required to make a significant dent in vehicular pollution will be a tough ask
 "Building for scrap: Does India have the capacity to handle this?")
In a nation of inequalities, India's vaccine strategy is bad economics
Free, universal access to inoculation could prepare India better for a third Covid-19 resurgence.
 "In a nation of inequalities, India's vaccine strategy is bad economics")
India was world's 3rd-biggest military spender in 2020, behind US and China
The five biggest spenders in 2020 were the United States, China, India, Russia and the United Kingdom, which together accounted for 62 per cent of world military spending
 "India was world's 3rd-biggest military spender in 2020, behind US and China")
FIDC seeks loan recast for its retail borrowers as second wave wreaks havoc
In letter to RBI, requests this be done irrespective of whether such accounts have been restructured on earlier occasions
 "FIDC seeks loan recast for its retail borrowers as second wave wreaks havoc")
Supply lines at risk as shipping containers topple over at alarming rate
Millions of dollars of cargo sinks to the bottom of oceans as pressure to speed deliveries raises the risk of safety errors.
 "Supply lines at risk as shipping containers topple over at alarming rate")
Recovery tracker: Retail and recreation footfalls back to September lows
Traffic and emission also take a hit in both Delhi and Mumbai
 "Recovery tracker: Retail and recreation footfalls back to September lows")
Need new well-capitalised asset-reconstruction companies, says RBI study
Notwithstanding the increase in the number of ARCs over time, there has been a concentration in the industry in terms of AUM and the security receipts issued
 "Need new well-capitalised asset-reconstruction companies, says RBI study")
Monetisation route is value-accretive, says PGCIL Chairman & MD K Sreekant
Power Grid Chairman & MD K Sreekant tells Shreya Jai and Jyoti Mukul that transmission assets are better placed than road and real estate InvITs
 "Monetisation route is value-accretive, says PGCIL Chairman & MD K Sreekant")
Centre won't import vaccines, wants states and companies to do so: Report
Two govt officials said New Delhi is now leaving it up to states, companies to sign deals with foreign drugmakers while it buys in bulk most of the output of local producers - SII and Bharat Biotech
 "Centre won't import vaccines, wants states and companies to do so: Report")
Resurgence of pandemic may bring back inflation pressure, says RBI
Pandemic protocols, speedier vaccination, ramping up health care capacity, and remaining resolutely focused on a post pandemic future is the way forward, state-of-economy report says
 "Resurgence of pandemic may bring back inflation pressure, says RBI")
Commerce ministry starts Covid-19 helpdesk to resolve import, export issues
This relates to issues such as customs clearance delays and banking matters
 "Commerce ministry starts Covid-19 helpdesk to resolve import, export issues")
New loan scheme for discoms shows little impact on on clearance of dues
States' pending payments to distributors down just 4% since March 2020
 "New loan scheme for discoms shows little impact on on clearance of dues")
Amid Covid-19 pandemic, exports could come as a saviour for India
The global trading environment is very encouraging, as developed countries have increased the pace of vaccination and are reporting lesser numbers of infections
 "Amid Covid-19 pandemic, exports could come as a saviour for India")
Amid Covid-19 second wave, Centre may not weigh in on 'essential' debate
Will let states define what kind of e-com deliveries will be allowed
 "Amid Covid-19 second wave, Centre may not weigh in on 'essential' debate")