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Sunday, June 13, 2021

Indian Economy

Covid, high tax burden to slowdown consumption recovery: India Ratings

Covid triggered economic turbulence along with no relief on the tax front is expected to delay the consumption recovery, said India Ratings and Research (Ind-Ra). Accordingly, the ratings agency said that with no relief in sight on the tax front,...

As India battles Covid, World Bank forecasts growth at 8.3%

By Arul Louis (IANS) The World Bank has forecast that the Indian economy would grow by 8.3 per cent during the current fiscal year, an increase of nearly 3 per cent from its January projection, but lower than the...

Impact of new wage code on employees largely positive: Experts

By Venkatachari Jagannathan (IANS) Mixed views were expressed by various experts on the impact of the new wage code on the pay packets and the retirement benefits of employees/workers. They also said it is "myopic" to term social security as...

Risk to consumption, employment to be more prolonged

New Delhi, June 4 (IANS) With restrictions expected to be eased even more gradually than previously assumed, there is an increasing risk that the hit to consumption and employment will be more prolonged, Moodys Analytics said. On the production side...

RBI Guv meets private bank CEOs, seeks implementation of liquidity measures

Mumbai, May 25 (IANS): Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday asked heads of select private sector banks to boost credit flows to retail and small business borrowers and quickly implement all the measures announced by the...

India’s business risk environment deteriorates in Jan-Mar: Report

New Delhi, May 18 (IANS): The business risk environment in India deteriorated in the fourth quarter of FY 2021, according to a Quarterly Risk Transition Report by Rubix Data Sciences. It noted that the Rubix GST Compliance Score of 2,292 business...

Second COVID-19 surge will delay earnings recovery for Indian companies : Moody’s

Singapore, May 18 (IANS) India's sharp rise in infections will disrupt earnings recovery of companies recorded over the past six months, a research report by Moody's Investors Service has said. A prolonged and wider lockdown will have a more severe...

Centre must support household sector directly: MOFSL

New Delhi, May 14 (IANS) To mitigate the impact of much ferocious second Covid wave, Centre should support the household sector directly, Motilal Oswal Financial Services Ltd (MOFSL) said in a study. Accordingly, the report suggested that Centre should provide...

2nd wave of Covid threatens economic growth: Crisil

Mumbai, May 10 (IANS): The second wave of novel coronavirus threatens the economic growth of India, said a Crisil report. It said that base GDP growth forecast for fiscal 2022 at 11 per cent, with risk firmly tilted downwards. As per the...

Microfinance industry to witness disruptions from Covid surge: ICRA

New Delhi, May 4 (IANS) Covid resurgence is expected to further disrupt the microfinance industry, ratings agency ICRA said. According to ICRA, risk perception for the microfinance industry remains high as Covid-19 pandemic is still not under control. "Though some states...

Latest News

India’s Covid vax policy leading to avertable deaths: Experts

London, Jun 10 (IANS): The Indian government's Covid-19 vaccination approach has inappropriately prioritised people and is thus causing huge numbers...