Page 248 - Indian Economy

Most CFA Institute members predict K-shaped recovery from pandemic: Survey

A significant percentage of CFA Institute members believe that a "K-shaped" economic recovery is forming, where different parts of economy are recovering at different rates, times or magnitudes

Best of BS Opinion: Point of vulnerability, Covid-19 vaccines, and more

Here are the best of Business Standard's opinion pieces for Tuesday

India's June services PMI at 41.2, the fastest drop in 11 months

This is expected to affect GDP growth rate during April-June quarter

First purchase of G-secs worth Rs 20K cr under G-SAP 2.0 on July 8: RBI

The Reserve Bank on Monday said the first purchase of government securities for an aggregate amount of Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) will be conducted on July 8. On June 4, RBI Governor Shaktikanta Das had announced that the central bank will conduct open market purchase of government securities of Rs 1.2 lakh crore under the G-SAP 2.0 in the second quarter of 2021-22 to support the market. On Thursday (July 8), the RBI will purchase five government securities of different maturities through a multi-security auction using the multiple price method. The RBI said it reserves the right to decide on the quantum of purchase of individual securities, and purchase marginally higher/lower than the aggregate amount due to rounding-off. The result of the auctions will be announced on the same day, it added. The next purchase under G-SAP 2.0 will be conducted on July 22 for Rs 20,000 crore. The RBI had conducted open market purchase of government securiti

FM Nirmala Sitharaman shares India's response to Covid-19 with G-20 panel

Sitharaman on Monday highlighted the slew of measures undertaken to support the economy during the pandemic

India's June services activity shrinks at fastest rate in 11-months

IHS Markit's Services Purchasing Managers' Index plunged to 41.2 last month from an already depressed 46.4 in May. That was its lowest reading since July 2020

Best of BS Opinion: Gaps in tax reform, mapping recovery, and more

Here are the best of Business Standard's opinion pieces for Monday

Mapping recovery

India needs a new medium-term economic road map

Statsguru: In a year dominated by Covid-19, financial stability is intact

The central bank now expects about 9.8 per cent of gross advances to be non-performing by March 2022, in the baseline scenario

30 years of economic reforms: Here's a look at the broad contours of change

The pace of changes in the first 100 days of a minority govt remains unparalleled till today

The stock market as mirror: The changes that they reveal, and don't reveal

While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, notes T N Ninan

Reserve Bank of India: The real hero of the 1991 economic reforms

The three governments of that decade - the Congress, the United Front, and the National Democratic Alliance - went along because whatever the RBI did had no impact on votes

India's economic hit from second Covid wave to be limited to Q1: Moody's

India's economic damage due to the second wave of Covid-19 and subsequent lockdowns will remain restricted to the April to June quarter, Moody's Investors Service said in a new macroeconomic outlook.

Truck rentals go up by 12-15% in June as economy recovery gathers pace

The increase in rentals was also aided by export-import trade that increased by 40-50 per cent

Best of BS Opinion: Some stability returns, view from the edge & more

Here are the best of Business Standard's opinion pieces for Friday

View from the edge

The Union government is so fiscally ineffective that it can only spend an incremental 0.4 per cent of GDP on healthcare in a pandemic, against a global average of 1.2 per cent, writes Rathin Roy

Some stability returns

RBI report suggests banks weathering pandemic

Four years of GST

Some distance covered but there is scope for a huge improvement

India's CAD stood at 1% of GDP in Q4FY21, full year in surplus at 0.9%

Experts say surge in gold imports contributed to widening of CAD in Q4FY21, in spite of spike in exports

Have sunset clause for economic laws constraining growth: Vijay Kelkar

Kelkar suggested a system for periodic review of economic laws, howsoever revolutionary they might be when they are passed