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BusinessToday.In
June 23, 2021
Adani Ports, which is India's largest port operator, has been facing criticism from various international investors over its plan to construct a container terminal in Yangon, Myanmar, on land leased from a Myanmar military-owned conglomerate


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%


BusinessToday.In
June 22, 2021
In a LinkedIn blogpost, PM Modi hailed the reforms undertaken by the states on Centre's nudge for reforms for raising additional funds.


BusinessToday.In
June 22, 2021
This latest round of funding comes a week after a bunch of investors including UBS Group, Blackstone, Abu Dhabi state fund ADQ, Zoom founder Eric Yuan and Phoenix Rising-Beacon Holdings pumped in $350 million into Byju's


BusinessToday.In
June 20, 2021
The government has said that compensation of Rs 4 lakh cannot be given to COVID-19 victims as the disaster management law mandating it applies only to natural calamities such as floods, earthquakes, etc


Rashi Bisaria
New Delhi, June 18, 2021
COVID-19 in India: Google to provide Rs 113 cr to build oxygen plants, train rural healthcare workersGoogle's philanthropic arm Google.org announced on Thursday that it will provide Rs 109 crore ($15 million) to India to assist in the fight against coronavirus. The fund will be used to support procurement and installation of around 80 oxygen generation plants in healthcare facilities in high-need and rural locations. The funds will go to GiveIndia and PATH. The two organisations will oversee...


BusinessToday.In
June 17, 2021
The tech giant will also invest in Apollo Medskills' initiative to upskill 20,000 frontline health workers in COVID-19 management. Google.org aims to help the stressed rural health workforce and health systems


BusinessToday.In
June 14, 2021
Kamath played against Anand in the charity match and defeated the five-time world champion. However, Kamath later issued an apology after for taking help from the people analysing the game and computers


PTI
June 14, 2021
A day before the start of the voting process, the two contenders NBCC and Suraksha held separate webinars on Sunday with hundreds of homebuyers to explain their resolution plans and address doubts of flat owners


PTI
June 14, 2021
The decision by Justice Suresh Kumar Kait came on the plea of RFL challenging the March 3 order of the trial court granting bail to Shivinder in the case registered against him by the Economic Offences Wing (EOW)


BusinessToday.In
June 14, 2021
Stocks in news: Axis Bank, Info Edge, Adani Group stocks, Globus Spirits, NTPC,  Reliance Power, Adani Enterprises, Coal India, Ruchi Soya  and more


PTI
June 10, 2021
State-owned NBCC and Suraksha group are in the fray to acquire the debt-laden realty firm Jaypee Infratech Ltd (JIL) and complete over 20,000 pending flats for homebuyers


BusinessToday.In
June 10, 2021
Stocks in news: PNB Housing Finance, YES Bank, Crompton Greaves, Reliance Power, GAIL India, MMTC and more


Reuters
June 9, 2021
The hike could encourage farmers to expand the area under the grain and will force the government to buy more rice from local growers, bumping up supplies and putting pressure on the government's stretched budget


BusinessToday.In
June 9, 2021
Appointments committee of cabinet has approved the proposal of the department of financial services to extend the term of Kumar beyond his currently notified term


BusinessToday.In
June 8, 2021
Stocks in news: Infosys, Interglobe Aviation, MRF, Union Bank, Religare Enterprises and more


BusinessToday.In
June 7, 2021
Stocks in news: Tata Consumer, IndusInd Bank, PNB, MRF, Reliance Infrastructure, Dewan Housing, Bank of Baroda, Dr Reddy's and more


Raj Chengappa|Rajeev Dubey
June 6, 2021
In an exclusive interview with India Today Group Editorial Director Raj Chengappa and Business Today Editor Rajeev Dubey, Union Finance Minister Nirmala Sitharaman said the scale and intensity of the second wave are sharply different from the first one


PTI
June 6, 2021
The Department of Pensions and Pensioners' Welfare order said it was noticed that the COVID-19 pandemic has claimed the lives of several government employees during the recent surge


Gaurav Bhatiani|Sanjeev Ahluwalia
June 5, 2021
Major restructuring of the municipal architecture is necessary to ratchet up governance capacity for long term sustainability i.e., to adopt the green recovery pathway


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