Page 1998 - Economy & Policy News
India's buildings sector to grow by 6.6% next year on fiscal support: Fitch
With funds more readily available, it expects a portion of stalled housing projects to resume construction, and this will feed into its forecasts for India's buildings sector growth in the short term.
 "India's buildings sector to grow by 6.6% next year on fiscal support: Fitch")
Steep rise in China demand helps arrest decline in marine exports
Value of shipments to that country rose 257 per cent to reach $811 million in FY19, and to $1,025 million in the first eight months of the current financial year
 "Steep rise in China demand helps arrest decline in marine exports")
RBI to flag bad loan issues with Finance Ministry in pre-Budget meet
Fresh provisioning and telco loans to figure in pre-Budget meet. Inability to find resolution may put Rs 3.8 trn loans at risk
 "RBI to flag bad loan issues with Finance Ministry in pre-Budget meet")
NBFC slowdown due to low demand and lack of market funding, says RBI
The cash crunch among robust NBFCs is mainly due to a financial support from market instruments, rather than from the lenders.
 "NBFC slowdown due to low demand and lack of market funding, says RBI")
Budget 2020: Govt likely to assume a growth rate of 6-6.5% in real GDP
It is also likely to assume a deflator of around 4 per cent. That could take the nominal GDP outlook for FY21 to around 10 per cent
 "Budget 2020: Govt likely to assume a growth rate of 6-6.5% in real GDP")
India may overtake Germany to become fourth-largest economy in 2026: Report
The report further said India is also set to reach a gross domestic product (GDP) of $5 trillion by 2026, 2 years later than the government's target
 "India may overtake Germany to become fourth-largest economy in 2026: Report")
Indian railways stares at weak finances as staff, pension costs rise
Operating ratio has already crossed 100% in FY20, while share of internal resources in capex is down to 3.5%
 "Indian railways stares at weak finances as staff, pension costs rise")
India's economy is expected to rebound in 2020 on govt measures: CII
The chamber also suggested a flexible fiscal policy that will set a central government's target for the deficit in the range of around 0.5 to 0.75 per cent
 "India's economy is expected to rebound in 2020 on govt measures: CII")
Future is green: 2020 may see re-birth of electric vehicles, say experts
Recently, Union minister Prakash Javadekar told Parliament about 285,000 buyers of electric/hybrid vehicles had been supported by a subsidy of Rs 360 crore under FAME.
 "Future is green: 2020 may see re-birth of electric vehicles, say experts")
Slowdown effect on the credit growth of lenders: Explained in seven charts
On the profitability front, public sector banks profitability ratios were muted because of weak credit growth as well as slow resolution of bad assets.
 "Slowdown effect on the credit growth of lenders: Explained in seven charts")
No decision on passenger and freight fare hike, says Railway Board
The railway board chairman further said that efforts are on to ensure that after next five years, passengers do not have to face difficulties due to waitlisted tickets.
 "No decision on passenger and freight fare hike, says Railway Board")
States likely to step up borrowing in 4th quarter for social expenditures
Almost all states have raised much more debt than at the same time last year, except Maharashtra.
 "States likely to step up borrowing in 4th quarter for social expenditures")
Jewar airport has potential to transform Noida's real estate market
Its proximity to popular tourist destinations like Agra, which attracts 45 per cent of the international passenger traffic at IGI, could be diverted to Jewar
 "Jewar airport has potential to transform Noida's real estate market")
The decade that was best for customers, but worst for telecom firms
As the decade ends, the bloodbath in the market has forced consolidation and closures
 "The decade that was best for customers, but worst for telecom firms")
New procedures in GST system may be challenged in courts, say experts
Experts said under the pre-GST state-level value-added regime, cancellation of registration rarely happened
 "New procedures in GST system may be challenged in courts, say experts")
Housing market down but commercial real estate came out strong in 2019
Consultants and developers say next year is also going to be bad for home developers - prices are expected to remain stagnant and sales to move only slowly
 "Housing market down but commercial real estate came out strong in 2019")
Dedicated rail freight corridors look to rope in Amazon, Flipkart
'A game-changer for parcel industry'; move expected to slash parcel delivery times drastically
 "Dedicated rail freight corridors look to rope in Amazon, Flipkart")
Reflections of one of the most dynamic, volatile economic periods in India
The most pronounced transformation has been India's accelerated adoption of the digital way
 "Reflections of one of the most dynamic, volatile economic periods in India")
India Inc garners Rs 8.7 trn from markets in 2019, debt preferred route
This was way below than Rs 30,959 crore raked in through main-board IPOs and Rs 2,287 crore via SME segment in 2018
 "India Inc garners Rs 8.7 trn from markets in 2019, debt preferred route")
Rahul promises farm loan waiver for all, sleepless nights for PM Modi
Rahul Gandhi declared that he would not let Prime Minister Narendra Modi 'sleep or rest' till he gave a reprieve to farmers
 "Rahul promises farm loan waiver for all, sleepless nights for PM Modi")