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Total 1711 results found. Search for [ India GDP news ]

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Anand Adhikari
New Delhi, June 23, 2021
In the past two years, the monetary policy has done most of the heavy lifting by keeping surplus liquidity in the system and low-interest rates to support the growth. It is now time for the fiscal policy to take the burden off from the RBI as the central bank has to address the inflation issue and plan an exit from the easy monetary policy. What more can be done on the fiscal side as the Union budget clearly lays down the fiscal measures for 2021-22? There are also fiscal constraints. The government has set a new 5-year fiscal consolidation path to 4.5 per cent fiscal deficit of GDP by 2025-26. The public debt to GDP which includes both center and state govt debt is 90 per cent of the GDP. The additional fiscal stimulus, if any, has to be very focused because of the resource constraints. First, the govt should do whatever it takes -- to vaccinate all and also faster. There is a big demand to increase the direct income support for the poor, which are the hardest hit by local lockdowns. The government guarantee to banks is another area where the banking system could be used to provide funds to sectors worst affected by the lockdowns. Clearly, the burden of supporting the economic recovery is gradually shifting to fiscal policy as the monetary policy globally is taking a reversal with central banks preparing for hiking rates and withdrawing the surplus liquidity. Also Read: Moody's slashes India 2021 growth forecast to 9.6% from 13.9%


PTI
June 20, 2021
With growth drivers such as favourable demographics, increasing per capita and disposable income, and growing consumption, India is expected to return to a strong growth trajectory, despite uncertainty over near-term outlook, Tata added


BusinessToday.In
June 18, 2021
Mohan says there is a mismatch between the performance of the real sector and financial markets. RBI this month revised its real GDP projection from 10.5 per cent to 9.5 per cent in 2021-22 amid second Covid-19 wave


BusinessToday.In
June 10, 2021
The former RBI Governor said that when people say the central bank should print money to finance the government's deficit they don't realise that it is doing so even now but indirectly


BusinessToday.In
New Delhi, June 9, 2021
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved Vedanta Group's Twin Star Technologies' resolution plan for beleaguered Videocon Industries Ltd; The World Bank's Board of Executive Directors has approved a $500 million program to support the Government of India's nationwide initiative to revitalise MSME (micro, small and medium enterprise) sector; After finance minister Nirmala Sitharaman's directions, Infosys co-founder and its chairman Nandan Nilekani said on Tuesday that he and his team are working to resolve issues observed on Day 1 of the launch of the new e-filing income tax platform. Watch this and more on News Blast.Also Read: Richer they are, lesser the tax: Jeff Bezos, Elon Musk, other rich Americans paid little to nothing


BusinessToday.In
June 8, 2021
A World Bank report said although forecast has been revised up by 2.9 percentage points, this masks significant expected economic damage from an enormous second COVID-19 wave and localised mobility curbs since March


BusinessToday.In
June 7, 2021
As per CRISIL economists, Covid-19 restrictions will continue and mobility will remain affected in some form or other, at least till August. Also, the pace of vaccination will play a huge role in economic recovery


Reuters
June 5, 2021
Spot gold jumped 1% to $1,889.27 per ounce by 1:46 p.m. EDT (1746 GMT), having earlier in the day hit its lowest since May 19 at $1,855.59. It was down 0.7% for the week so far


BusinessToday.In
June 5, 2021
The current situation index dropped to a record 48.5 in May 2021 from 53.1 in March 2021, according to the Reserve Bank of India's (RBI's) consumer confidence survey


BusinessToday.In
June 5, 2021
Kumar's statements came a day after the Reserve Bank of India (RBI) lowered the country's growth forecast for the current fiscal by a percentage point to 9.5 per cent from 10.5%


Avneet Kaur
June 4, 2021
If growth recovery gets back on track as Covid-19 infections decline, focus may shift to policy normalisation. Fund managers say RBI has already exhausted monetary policy options to support growth and any further reduction in policy rates is unlikely


BusinessToday.In
June 4, 2021
Decision to close down this business was not an easy one, but unfortunately due to COVID-19 and the restrictions on international travel, it was not sustainable for the company, says Witco


BusinessToday.In
June 4, 2021
All sorts of payments including dividend, interest, salary, pension, to payments on electricity, gas, telephone, water, periodic instalments towards loans, investments in mutual funds, insurance premium, etc, can take place even on bank holidays now


BusinessToday.In
June 4, 2021
RBI will also purchase Rs 40,000 crore of government securities, comprising state development loans worth Rs 10,000 crore under the ongoing G-SAP 1.0 via an auction on June 17


BusinessToday.In
June 4, 2021
Governor Das said that the favourable base effect that brought about the moderation in headline inflation by 1.2 percentage points in April may persist throughout the first half of the year


Anand Adhikari
June 4, 2021
As per RBI's new estimate, growth in the first quarter (April-June) of 2021-22 will fall from 26.2 per cent to 18.5  per cent. This is mainly because of lockdowns in various states.


BusinessToday.In
June 4, 2021
India's foreign exchange reserves jumped by $2.865 billion to hit a record high of $592.894 billion for the week ended May 21, bolstered by gold and currency assets, RBI data showed on Friday


BusinessToday.In
June 4, 2021
RBI MPC meet: The RBI is likely to revise growth projections for FY22, which would be in line with a host of rating agencies, banks and brokerages' estimates


BusinessToday.In
New Delhi, June 2, 2021
The second wave of COVID-19 has severely impacted household incomes and jobs as local lockdowns remain imposed in most states. The impact of these local restrictions has been felt by people working in the informal sector, according to fresh data released by the Centre for Monitoring Indian Economy (CMIE). In an exclusive interview with India Today, Centre for Monitoring Indian Economy (CMIE) Chief Mahesh Vyas said that India had lost more than 22 million jobs in the months of April and May due to the lockdown. Stating that the main reason for the job losses is 'mainly the second wave' of COVID-19 infections, Vyas said as the economy opens up, part of the problem will be solved but not entirely. He added that people who lose jobs find it hard to get employment, specifying that while the informal sector jobs come back quickly, the formal sector and better quality job opportunities take up to a year to come back. Watch the video for more.Also Read: RBI's MPC begins discussions; repo rate likely to remain unchanged


BusinessToday.In
June 2, 2021
The interim deal will be a part of the mega-trade agreement that's aimed at cutting tariffs on a number of items, boosting infrastructure investment and allowing bigger access to services and goods


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