Page 1440 - Economy & Policy News

Crisil says multiplexes to be on losses; may recover only in FY23

Localised lockdowns and night curfews amid the newer wave of Covid-19 is set to extract a toll on multiplexes

India's bank credit growth may dip further after touching record low

Amid Covid surge, some experts fear credit growth may worsen as a dramatic improvement in macroeconomic outlook anytime soon looks unlikely

Govt to provide Rs 15,000 crore to states for capital expenditure

This is an interest-free 50-year loan for spending on capital projects.

PM Modi to hold a meeting with ministers on Covid-19 situation today

This would be the first such meeting to be held after the second wave of the pandemic hit India

Units in chemicals sector set for rebound in revenue: CRISIL SME Tracker

Growth mainly on account of recovery in domestic demand and higher realisation due to a rise in the prices of chemicals

LIC has now become tenth-most-valuable insurance brand globally

The total value of the world's top 100 most valuable insurance brands declined 6% in 2021 from a year earlier. But LIC's brand value increased by almost 7%

Covid-19: Labour crunch hits roads construction and realty business

States like Uttar Pradesh and Maharashtra, where the severity of Covid-19 infections is high, are reporting a higher loss of on-site labourers

Covid-19 stress: Companies may not get immediate relief measures

Some of the exemptions given as part of Covid relief measures last year would come to an end in June 2021

India's gold demand up 37% YoY in March qtr; global demand dips 23%: WGC

The next phase of gold demand - in the second half of 2021 - will not be driven by fear, but by economic growth, WGC said

A point for HAL Nashik to ponder: What after Sukhoi-30MKI fighters?

Used to totting up over Rs 6,000 crore each year from the assembly of 15-16 Sukhoi-30MKIs, HAL's Nashik division is now scrabbling for orders

Private sector has to be key driver of growth: Niti Aayog official

Vice-chairman of Niti Aayog Rajiv Kumar on Thursday said that the private sector of the country will have to drive growth and not the public enterprises as they used to be.

Coronavirus sends Modi govt from 'vocal for local' to relying on global aid

Despite being home to the world's largest vaccine industry, India's inoculation drive has suffered in recent weeks amid a shortage of key ingredients

Most Indian companies protected against weakening rupee: Moody's report

Firms' costs in dollar terms might rise as India battles second wave of Covid-19, says agency.

T V Somanathan named finance secy in place of Ajay Bhushan Pandey

Pandey superannuated in February this year

Govt looking to monetise possible IT parks, SEZs developed on PSU land

Developing long-term, revenue-generating resources by using such idle assets will help create more value than by disposing them of at low valuations

Cabinet approves India-UK deal on information sharing, Customs cooperation

The draft text of the proposed agreement has been finalised with the concurrence of the two Customs administrations.

Single-window clearance mechanism for foreign investors hits a bump

Manpower crunch because of Covid, only 8 states put in place the requisite infra

Bombay HC stays investigation under FIR against Indiabulls Housing

Says charges malafide, casts doubts on bonafide of complainant

Second Covid-19 wave heightens downside risks to India's GDP, says S&P

The country is already facing a permanent loss of output versus its pre-pandemic path, suggesting a long-term production deficit equivalent to about 10% of GDP

IHS Markit sees India's FY22 GDP growth at 9.6% amid rising Covid cases

Those at Nomura, too, expect the pain in the economy to grow given the recent measures to curb the pandemic. However, they believe that the overall impact will be muted and be for the short-term