Page 266 - Indian Economy

Covid-19: Deserted streets, fleeing workers threaten India's oil demand

After dipping by about 2 per cent in March from February, overall consumption of oil products looks set to extend declines this month.

Second Covid-19 wave poses threat to India's economic recovery: Moody's

Given the focus on "micro-containment zones" to deal with the latest wave of infections, as opposed to a nationwide lockdown, the impact on economic activity will be less severe than that seen in 2020

Rising Covid-19 infections may hit RBI's inflation maths, say experts

Consumer price index (CPI)-based inflation rose to 5.52 per cent in March, from 5.03 per cent in February. Core inflation was at 5.7 per cent.

Govt not going for lockdowns in big way, says Sitharaman amid Covid-19 wave

Amid surging coronavirus cases in India, Finance Minister Nirmala Sitharaman on Tuesday made it clear that the government would not go for lockdowns in a big way and only resort to local containment

Virus second wave: Goldman Sachs lowers growth forecast, Nifty target

Wall Street brokerage Goldman Sachs has flagged a slew of concerns on the surging COVID-19 caseload that has been hitting new records everyday, coupled with the rising lockdowns

Lockdowns again: Migrant crisis to job cuts, fear has come back too soon

The lockdown will hurt urban employment in April or beyond

Petrol usage in India jumps 27% to four-month high, shows data

Motor fuel demand rose to 88,380 tons per day last month, the highest level since November last year, according to official data.

India to see 'k-shaped' recovery as inequalities grow: ex-RBI governor

Duvvuri Subbarao says policymakers have limited to help the economy as India battles a second wave of Covid-19 cases.

Nomura cuts India's 2021 GDP forecast to 11.5%; sees higher inflation

Nomura GDP forcast: Repricing of emerging market (EM) risk premium, Nomura said, could expose vulnerabilities in Indonesia, India and the Philippines

March inflation rises to four-month high of 5.52% due to food, core prices

The development may prevent RBI's monetary policy committee from cutting policy rates unless growth really takes a hit due to regional lockdowns in 2021-22, experts say

Systemic risk to stay high for Indian banks amid second Covid surge: S&P

The impact of broader lockdowns on the economy could be substantial, depending on their length and scope, S&P said in a statement

Sporadic lockdowns to cost India $1.25 billion per week: Barclays

Barclays has maintained FY22 real GDP growth forecast at 11 per cent y-o-y - at least for now, cautioning against the downside risk if the covid-19 lockdowns and night curfews are tightened further

NBFCs well prepared to face second coronavirus impact, says report

With strong capital and on-balance sheet buffers, non-banking financial companies are well prepared to deal with any impact on economic activities due to the second wave of COVID-19, a report said.

Top headlines: TCS Q4 net rises 15%; factory output contracts 3.6% in Feb

Business Standard brings you top news of the evening

RIP, Robert Mundell: The economist BJP needs to adopt

Mundell was an intellectual's intellectual and he was exactly what the BJP needs today to legitimise its economic policies.

India hits out at US on linking climate issues to economic recovery

Says imposing stringent climate conditionalities unfair

April monetary policy a fine balancing act

Structurally, it's a well-crafted policy. But like in cricket and politics, things can change dramatically for a central bank in a very short time

TReDS can be a lifeline for small businesses

The government and its enterprises are the single largest agencies that procure goods from MSMEs. They need to use the Trade Receivables Discounting System to make timely payments to such businesses

India needs to grow faster to make up for contraction during Covid-19: IMF

India, which is projected to grow at an impressive rate of 12.5 per cent this year, needs to grow at a much faster pace to make up for the unprecedented contraction of eight%

Net direct tax mop-up exceeds revised estimates at Rs 9.45 trillion in FY21

The government also issued 41 per cent higher refunds compared to last year.