Page 48 - India Economy

In India's pandemic, the rich buy luxury cars and the poor lose their homes

Obsessed with keeping a lid on borrowing costs, the government is making things worse for the common man by its regressive consumption taxes.

Nomura ups India's 2022 GDP forecast to 7.7%; sees inflation at 5.3%

GDP, according to their estimates, is likely to contract by 4.3 per cent quarter-on-quarter (q-o-q) in Q2, much smaller than during the first wave (-24.7 per cent)

Print money and finance fiscal deficit? Why RBI doesn't agree with idea

The central bank has managed the government's borrowing programme well, helping in liquidity.

Analysts cut Bajaj Finance's FY22 earnings estimate as it warns of NPA hit

Bajaj Finance, in a mid-quarter update, indicated that its B2B and Auto Finance businesses were most affected due to strict lockdowns in majority of states

RBI Policy: Are central bank's inflation & GDP targets too 'optimistic'?

In this podcast, we assess Street's reaction to RBI policy, how achievable do RBI's growth and inflation targets look, can additional liquidity measures help to relieve stress in the Covid hit sectors

RBI assures liquidity for economy, keeps growth revival top priority

MPC unanimously votes in favour of keeping rates on hold and maintaining accommodative monetary policy stance.

RBI cuts FY22 GDP forecast to 9.5%, holds rates; stance stays accommodative

RBI governor Shaktikanta Das says repo rate remains unchanged at 4 per cent, reverse repo rate at 3.35 per cent; MSF and bank rate kept unchanged at 4.25%

Growth delayed, not denied due to Covid-19 wave: Axis MF's Jinesh Gopani

Markets believe growth will revive in the latter half of FY22, says executive.

Now is the time to move forward, re-open economy: Karnataka chief secy

Time has come for Karnataka to move forward and re-open the economy as the State has reached a stage where it can resume industrial operations in a staggered phase, Chief Secretary P Ravi Kumar said

Covid: FICCI suggests graded approach to unlock eco activities

It said any unit that is able to create an isolation bubble should be allowed to operate at all times even if it does not qualify as essential.

Manufacturing PMI drops to 50.8 in May from 55.5 the previous month

The seasonally adjusted Purchasing Managers' Index (PMI) for manufacturing stood at 50.8 in May, down from 55.5 in April

Who bore brunt of income losses in CY20 as India battled coronavirus?

Almost four-fifth of all income losses were incurred by households and the corporate sector

Govt considers enhancing Rs 3 trn loan-guarantee for small firms: Report

It may allow small companies to borrow an additional 30% of their credit limit, up from 20% announced last year.

97% Indians poorer post-Covid; steady fall in salaried jobs: Mahesh Vyas

Centre for Monitoring Indian Economy CEO Mahesh Vyas explains whether India's economy can make another quick recovery

Mall owners suffer around Rs 3,000 cr loss in 8 weeks due to lockdowns

Several states are now mulling easing restrictions.

RBI's forex gains enabled it to give Rs 1-trillion dividend to govt

An accounting change enabled the central bank to book gains from the sale of foreign currency against the historical weighted-average holding cost.

Centre may need to borrow Rs 1.6 trn more to pay states for revenue loss

The government is expected to muster only Rs 1.1 trillion as it borrows more for a second year straight.

Finance Ministry plans stimulus package to support economic growth: Report

Ministry working on proposals to bolster the tourism, aviation and hospitality industries, along with small and medium-sized companies.

Govt not present as India faces 'greatest challenge' in Covid-19: Rajan

'Pandemic has shown that we are all connected,' says economist and former RBI governor at a virtual event.

Covid-19: Depleting savings, falling incomes leave millions poor in India

Many economists are cutting their forecasts for the current fiscal year as rising unemployment and dwindling savings dim the chances of a double-digit growth