Page 1613 - Economy & Policy News
Banks lend over Rs 65,000 crore to commercial sector in a fortnight
The year-on-year growth inched up to 5.8 per cent (November 6, 2020) from 5.2 per cent (October 23, 2020), according to the Reserve Bank of India
 "Banks lend over Rs 65,000 crore to commercial sector in a fortnight")
Loan moratorium is fiscal policy matter, we're on top of it: Centre to SC
The Centre told the SC that issue pertaining to loan moratorium is a fiscal policy matter and the government has taken various proactive steps keeping in mind different sectors.
 "Loan moratorium is fiscal policy matter, we're on top of it: Centre to SC")
Moody's calls stimulus measures positive, revises GDP forecast upwards
Lowers the contraction rate for India's gross domestic product to 10.6 per cent for 2020-21 from earlier 11.5 per cent
 "Moody's calls stimulus measures positive, revises GDP forecast upwards")
Analysts revise Q2 GDP projections, are divided on sharpness on contraction
As Q2 will be the second quarter of economic contraction, India in all probability has entered a technical recession for the first time since quarterly GDP data began being compiled
 "Analysts revise Q2 GDP projections, are divided on sharpness on contraction")
PM Modi to inaugurate 3rd global renewable energy meeting & expo on 26 Nov
During the last six years, over Rs 4.7 trillion were invested, making the country a preferred destination for investment in clean energy.
 "PM Modi to inaugurate 3rd global renewable energy meeting & expo on 26 Nov")
India set to attract Rs 10,000 cr for 1,000 LNG stations in three years
As a first step towards this, 50 stations were launched on Thursday on the Golden Quadrilateral
 "India set to attract Rs 10,000 cr for 1,000 LNG stations in three years")
GMR, L&T, BHEL among 13 players shortlisted for operating private trains
The operators would be selected after the requests for proposals (RFP) are submitted with a revenue share quote
 "GMR, L&T, BHEL among 13 players shortlisted for operating private trains")
RBI to conduct simultaneous purchase, sale of govt securities next week
The RBI further said it reserves the right to decide on the quantum of purchase/sale of individual securities.
 "RBI to conduct simultaneous purchase, sale of govt securities next week")
Over 77% optimistic of economic recovery in a year: IndiaLends survey
IndiaLends is an online marketplace for credit products, insurance and offer free credit reports
 "Over 77% optimistic of economic recovery in a year: IndiaLends survey")
NDB to lend $500 mn for rapid transition system between Delhi and Meerut
The total project cost is estimated at $3.75 billion, will also be financed by Asian Infrastructure Investment Bank, ADB, among others
 "NDB to lend $500 mn for rapid transition system between Delhi and Meerut")
India poised to export hand sanitiser bottle dispensers, says govt
India is poised to export hand sanitiser bottle dispensers thanks to interventions by the technology centres and tool rooms under the MSME ministry, the government said on Thursday.
 "India poised to export hand sanitiser bottle dispensers, says govt")
Property registrations in Mumbai surge, but FY21 to be tough: Crisil
FY21 is going to be a difficult year for the realty sector with primary sales likely to decline by 50 per cent in top 10 cities, a report said on Thursday.
 "Property registrations in Mumbai surge, but FY21 to be tough: Crisil")
Modi pitches for strong economic relations in India-Luxembourg summit
Prime Minister Narendra Modi on Thursday pitched for strengthening of cooperation in a range of areas like financial and digital technologies.
 "Modi pitches for strong economic relations in India-Luxembourg summit")
New education policy vision of PM, to be implemented by 2022: Adityanath
Uttar Pradesh Chief Minister Yogi Adityanath on Thursday said the National Education Policy-2020 is the vision of Prime Minister Narendra Modi and will be implemented in phases by 2022.
 "New education policy vision of PM, to be implemented by 2022: Adityanath")
Oxford Economics revises downwards India growth forecast for 2020-25
In a research note, it said India's post-COVID-19 scars could be among the worst in the world
 "Oxford Economics revises downwards India growth forecast for 2020-25")
India at 77 in global bribery risk rankings, improves by one spot
The list by TRACE, an anti-bribery standard setting organisation
 "India at 77 in global bribery risk rankings, improves by one spot")
India's economy to return to normal faster than expected: Barclays
Barclays lifted its fiscal 2022 growth forecast for the Indian economy to 8.5% from an earlier projection of 7%
 "India's economy to return to normal faster than expected: Barclays")
Despite 'Make-in-India' push, industry share in GDP hit 20-year low in 2019
India now has one of the smallest industrial sectors in Asia at 27.5%, with the exception of Pakistan, Nepal
 "Despite 'Make-in-India' push, industry share in GDP hit 20-year low in 2019")
India's economy may continue to face Covid-19 aftershocks till 2025: Report
HSBC Holdings Plc said India's potential growth could drop to 5% in the post-pandemic world from 6% on the eve of the outbreak and more than 7% before the global financial crisis
Deeply concerned over steel price rise due to Covid-19: EEPC India
A recent sharp rise in steel prices has a "crippling impact" on the country's engineering exports which are facing the most challenging global markets in the face of another wave of Covid-19
 "Deeply concerned over steel price rise due to Covid-19: EEPC India")