Page 230 - Indian Economy

India bonds likely to gain as govt refrains from adding to borrowing plan

The administration will adhere to its plan to borrow 12.05 trillion rupees ($163 billion) in the year through March, the finance ministry said in a statement Monday

Organised sector weathers second Covid wave on job front: Labour survey

Among industries, employment generated by the construction sector rose by 42% and the manufacturing sector by 22%

Festive rate cut not a mispricing of risks: Union Bank of India MD & CEO

In a Q&A, Rajkiran Rai G says retail credit can't make up for tepid corporate demand

A good start

Employment surveys should be made more relevant

Govt to borrow Rs 5.03 trn in H2FY22 to fund revenue gap: Finance Ministry

According to the Budget for 2021-22, the government's gross borrowing was estimated at Rs 12.05 trillion, while net borrowing was pegged at Rs 9.37 trillion in the financial year beginning April 1

History will look at this year as important for privatisation: CEA

Chief Economic Adviser Krishnamurthy Subramanian on Sunday said history will look at this year as important for privatisation

Brisk Covid vaccination rate primes Indian economy for acceleration

Two of the eight high-frequency indicators tracked by Bloomberg News gained speed last month, while five held steady and one slowed

Top headlines: Top firms' advance tax up 47%; Invesco considers suing Zee

India needs more big banks to aid economic growth, says Finance Minister. More in top headlines of the day

India emerges as Dubai's second biggest trade partner after China

Saudi Arabia came fourth with 30.5 billion dirham up 26 per cent from H1 2020, followed by Switzerland at 24.8 billion dirham

The Quad's new direction

The four democracies define a new vision of "security" for the Indo-Pacific

Leading indicators suggest economy recovering, says economist Bhanumurthy

Eminent economist N R Bhanumurthy on Sunday said leading indicators are suggesting that the Indian economy is on recovery path and clearly moving out of the "dark clouds" brought on by Covid-19

Indian economy on sustained path of revival: Finance Minister Sitharaman

She said that the confidence in the Indian stock market is growing as retail and small investors are keenly investing money in the share market.

Mispricing of risks a concern given there is ample liquidity : SBI chairman

Country's largest lender State Bank of India (SBI), the country's largest lender, Friday said that mispricing of risks is a cause of concern given the fact that there is ample liquidity in the system.

Don't see RBI withdrawing ultra-loose policy in FY22: Former DG Gandhi

Gandhi also pointed to RBI DG Michael Patra's recent statement, where he made it clear that the central bank will prefer to have a clearly communicated glide path rather than taking any strong actions

RBI to retain cash surplus, may announce GSAP auction: Report

This fiscal year, the RBI has bought bonds worth 2.05 trillion rupees in auctions forming part of its government securities acquisitions programme (GSAP).

Economy slowly returning to pre-Covid, cloud over topping level two yrs ago

Economic recovery: GDP at constant prices during Q1 of FY22 was still 9.2 per cent lower than in Q1 of 2019-20, a pre-Covid period. But economists expect GDP to hit the pre-pandemic level by Q3FY22

Global services trade remains below pre-Covid levels, says WTO

Global services purchasing managers' index (102.7) and financial services (100.2) indices indicated that the pace of growth has slowed down.

Entitlement under SEIS for services exports in FY20 capped at Rs 5 crore

The facility to claim benefits under SEIS on payments in Indian currency will not be available for services rendered in FY20

See formal sector at pre-Covid level by year-end: Montek Singh Ahluwalia

Ahluwalia said he is in favour of NMP that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways

PM to interact with top CEOs in US visit, highlight opportunities in India

Prime Minister Narendra Modi has said he would highlight economic opportunities in India during his meetings with CEOs here