Macro

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‘RBI Policy to Support Growth’

Financial sector players have said that Reserve Bank of India’s (RBI) decision for keeping the key repo rate unchanged is an accommodative approach to manage inflation while keeping growth as target, amid the current economic conditions, PTI reports. “It also decided to continue with the accommodative stance of monetary policy as long as necessary at least

  • October 29, 2020
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India’s Exports Rose 5.99% to $27.58 Bn in September

After contracting for six straight months, the country’s exports rose 5.99% to $27.58 billion in September on account of growth in shipments of drugs and pharmaceuticals and readymade garments, PTI reports quoting the latest government data. Exports stood at $26.02 billion in September 2019. The country’s imports contracted 19.6% to $30.31 billion in September. It

  • October 21, 2020
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Global Economy to contract by 5.2% in 2020: Report

The global economy is likely to contract by 5.2% in 2020 with the coronavirus still spreading and the economic prospects of countries across the world looking muted, PTI reports quoting a Dun and Bradstreet’s Country Risk and Global Outlook Report. According to Dun and Bradstreet’s Country Risk and Global Outlook Report, that covered 132 countries,

  • August 21, 2020
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Indian Economy has Started Showing Signs of Going Back to Normalcy: RBI Governor

The domestic economy has begun showing signs of normalcy with the ease in lockdown restrictions across the country, PTI reports RBI Governor Shaktikanta Das as saying. Das added that post containment of Covid-19, a very careful trajectory has to be followed in the orderly unwinding of countercyclical regulatory measures. The financial sector should return to

  • July 18, 2020
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Most MSMEs are Approaching Banks for Collateral-free Loans: Care Ratings Survey

A large number of Micro, Small & Medium Enterprises (MSMEs) has approached banks for collateral-free loans to steer their businesses out of the crisis triggered by Covid-19 pandemic, PTI reports quoting a Care Ratings survey. According to the Care Ratings survey, about 70% of the MSME respondents have approached banks for availing collateral-free and government-guaranteed

  • July 14, 2020
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Reforms will Revive Economy: Niti Aayog’s Rajiv Kumar

The country’s economy will witness a recovery after the containment of Covid-19 pandemic, as well as the ongoing reforms directed at keeping India’s growth rate ahead of peers, PTI has reported Niti Aayog vice-chairman Rajiv Kumar as saying. “India’s economy will recover following the containment of the Covid-19 pandemic. India’s strong democratic institutions promote policy

  • July 1, 2020
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*Real Estate

Reverse Migration Can Spur Housing Demand in tier-II and III cities after Covid-19

The domestic real estate is bracing itself for a very new post-Covid-19 world. One significant trend may be reverse migration spurring housing demand in tier-II and III cities, according to the latest report by real estate consultancy firm Anarock Property Consultants. According to Anarock’s report titled ‘India Real Estate: A Different World Post COVID-19‘, currently, the

  • May 26, 2020
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RBI Announces Additional Measures to Support Business Continuity amid Covid-19

In an effort to further ease financial stress caused by Covid-19 disruptions, Reserve Bank of India (RBI) on Friday announced several monetary measures to provide “relief” on debt servicing and improving access to working capital. “The intensification of Covid-19 disruptions has imparted priority to relaxing repayment pressures and improving access to working capital by mitigating

  • May 22, 2020
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Govt May Soon Announce Package for Infra Sector: Nitin Gadkari

The government is working on a financial package for infrastructure sectors and it may be announced soon, Union minister Nitin Gadkari said on Friday, reports PTI. He was interacting with the members of the Finance Industry Development Council through a video conference. “I feel in 2-4 days a package can be announced…The government is working

  • May 8, 2020
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Govt Deliberates on Second Economic Stimulus Package

Prime Minister Narendra Modi on Saturday held a series of meetings with key ministers, including Home Minister Amit Shah and Finance Minister Nirmala Sitharaman, and officials of economic ministries to firm up the second stimulus package for sectors impacted by lockdown to curb the spread of coronavirus, PTI reports. The prime minister held discussions with

  • May 2, 2020
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GCC Hits Indian Ceramic Tile Industry with 41.2% Anti-dumping Duty

Redirected volumes from Morbi to create pricing pressure in the Indian market The Gulf Cooperation Council (GCC) has announced the imposition of anti-dumping duty on imports of ceramic floor and wall tiles originating from India. The average duty imposition will be 41.2%, and the levy will come into effect from 06.06.2020. This announcement has come

  • May 1, 2020
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India to be the Fastest Growing Major Economy: IMF

The International Monetary Fund (IMF) projects India to be the fastest growing major economy this year in a world plunged into a recession by the coronavirus pandemic, despite drastically slashing its growth rate to a paltry 1.9%. The World Economic Outlook (WEO) report released by chief economist Gita Gopinath expects India to rebound in the

  • April 22, 2020
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ITC on Construction Expenses – Macro Outlook on Bones of Contention

Every indirect taxation system contains a credit/set-off mechanism to avoid the cascading effect of taxes incurred at the previous stage. The credit framework should be wide in ambit and with the least exceptions. Yet the lawmakers choose to keep a long list of goods and services outside the basket. By Puneet Bansal and Neha Jain

  • April 2, 2020
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CA RK Agrawal Gives Six-point Income Tax Advisory

The financial year 2019-20 was closed on March 31 as usual, and the new fiscal year 2020-21 is starting from today. In view of the lockdown to check the spread of the coronavirus, the government has already extended the deadlines for certain statutory compliances for 2019-2020. As the government did not extend the financial year

  • April 1, 2020
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Armour of Reserve Bank: ‘Optimist’ Governor Shaktikanta Das Announces Mission-ready Monetary Medicine to Combat Coronavirus

Acknowledging a long-term economic ramification fuelled by the novel coronavirus pandemic, the Reserve Bank of India (RBI) announced a slew of extra-ordinary measures on Friday. “In spite of the very challenging environment, I remain optimistic,” RBI Governor Shaktikanta Das averred as he announced the steps to achieve a three-fold objective: mitigate the negative effects of

  • March 27, 2020
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