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Total 3436 results found. Search for [ india economic recovery ]

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Reuters
June 18, 2021
Carmakers that saw nearly a decade of Indian sales growth wiped out in 2020 are expecting a bounce back in demand this year. But it is likely to be led by small, affordable cars - a sector dominated by homegrown leader Maruti Suzuki and rival Hyundai


BusinessToday.In
June 17, 2021
This 12% contraction will have the economy missing a sharp V-shaped recovery this time around, unlike seen last year after the national lockdown was lifted, as consumer sentiment remains very weak this time


BusinessToday.In
June 16, 2021
RBI article says Indian economy has resilience and fundamentals to bounce back from pandemic and unshackle itself from pre-existing cyclical and structural hindrances


BusinessToday.In
New Delhi, June 14, 2021
Former RBI Governor D Subbarao has expressed concerns over \"extreme unevenness\" in economic recovery and \"sharpening inequalities\" between upper-income segments and lower-income households in the country; As the second wave of COVID-19 pandemic subsides, the Centre has launched 'Project O2 for India' to step up production of medical oxygen to meet the potential increase in demand due to further waves of the pandemic; Reliance Power on Sunday said its board has approved the preferential issue of shares and warrants of up to Rs 1,325 crore to promoter company Reliance Infrastructure Ltd (RInfra). Watch this and more on News Blast.Also Read: 'I accept current fuel prices are problematic,' Dharmendra Pradhan


BusinessToday.In
June 14, 2021
Centre's excise duty today accounts for Rs 32.90 or nearly 35 per cent with state government's VAT accounting for another Rs 21.81 or another 23 per cent of the retail price of every litre of petrol in Delhi


Shailendra Shukla
New Delhi, June 14, 2021
G7 summit: PM Modi calls for reform of multilateral institutionsAddressing the outreach sessions of the G7 summit on the second day, Prime Minister Narendra Modi called for the reform of multilateral institutions as the best signal of commitment to the cause of open societies. In the session on open societies, PM Modi said democracy and freedom are a part of India's civilizational ethos and shared the concern expressed by several leaders that open societies are particularly vulnerable to dis...


Reuters
June 14, 2021
Spot gold was down 0.5% at $1,867.51 per ounce, as of 0119 GMT, its lowest since June 4. U.S. gold futures fell 0.5% to $1,871.10 per ounce


PTI
June 13, 2021
The ex-RBI bank governor said earlier expectations of a sharp economic recovery this year have been dashed by the new pandemic wave


BusinessToday.In
June 13, 2021
The cumulative net inflow stood at Rs 13,424 crore, following a net withdrawal of Rs 2,666 crore in May and Rs 9,435 crore in April


PTI
June 12, 2021
Addressing the Indian diaspora in Kuwait, External Affairs Minister S Jaishankar, who is in the country on his first bilateral visit, said the government ran hundreds of oxygen trains to ferry oxygen from production centres to major cities


BusinessToday.In
June 11, 2021
Counterfeiting of pharmaceutical products like PPE kits, COVID-19 medications, and sanitisers rose sharply during the COVID-19 lockdown as per an Authentication Solution Providers' Association (ASPA) report


Reuters
June 10, 2021
Oil demand fell 11.3% to 15.11 million tonnes compared to the previous month and was down 1.5% from a year earlier, data from the Petroleum Planning and Analysis Cell (PPAC) of the Oil Ministry showed


Rashi Bisaria
New Delhi, June 10, 2021
Good news! Job hiring to return to pre-pandemic levels in 2021Job hiring is expected to return to pre-pandemic levels in 2021, with around 58 per cent of organisations saying they are planning to hire more in 2021 compared to last year, as per a survey of 120 companies from diverse regions by talent assessment firm Mercer Mettl. It also indicated that virtual hiring necessitated by the pandemic is here to stay in some form.India needs 93 lakh COVID-19 vaccinations per day to achieve herd im...


Sumant Banerji
June 10, 2021
Passenger vehicle sales saw a 63.7 per cent drop at 85,733 unit sales while two wheelers registered a 71 per cent decline at 410,757 units. Similarly, commercial vehicles were down 77 per cent at 17,534 units


BusinessToday.In
June 9, 2021
The ministry says as per India's demographic distribution, 86.5 crore people or 63.1 per cent of the population is above 18 years of age. Assuming herd immunity at 80 per cent, the target population to be vaccinated is 70 crore, it adds


PTI
June 9, 2021
Mercedes-Benz India Managing Director and CEO Martin Schwenk said, \"Luxury motoring with an SUV in India is re-imagined with the introduction of the Mercedes-Maybach GLS 600 4MATIC\"


Rashi Bisaria
New Delhi, June 9, 2021
Anil Agarwal's Vedanta to acquire Videocon from insolvencyThe Mumbai bench of the National Company Law Tribunal (NCLT) has approved Vedanta Group's Twin Star Technologies' resolution plan for beleaguered Videocon Industries Ltd. As per the resolution plan, Twin Star Technologies will pay Rs 2,962 crore against Videocon's total debt of Rs 31,000 crore.Centre caps vaccine prices for private hospitals; Covishield at Rs 780, Covaxin Rs 1,410A day after Prime Minister Narendra Modi said private...


Anand Adhikari
New Delhi, June 8, 2021
The second covid wave has already impacted the pace of economic recovery as seen from the GDP downgrades by the Reserve Bank of India, global rating agencies, and other global institutions. Given the widening fiscal deficit and higher public debt, there is now a threat of a sovereign rating downgrade if another Covid wave hits the economy. The risk of a downgrade comes from a slowing growth momentum, widening fiscal deficit, higher inflationary pressure, and a stressed banking sector. The RBI's ability to pump in another liquidity bonanza like 8 per cent of GDP in the first pandemic year 20-21 is also not possible. The current fiscal deficit at 9.3 per cent of GDP for 20-21 is one of the highest in recent decades. The banking sector has entered the crisis with 8 per cent gross NPAs Post the second wave, the real stress in banks, NBFCs, and other entities are hidden because of regulatory forbearances especially loan moratorium, govt guarantees, and one-time loan restructuring. There is a lot on the government's shoulders to avoid a rating downgrade as it would have serious implications.Also Read: World Bank cuts India's FY22 GDP growth forecast to 8.3% from 11.2%


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


Tanya Aneja
June 8, 2021
It has gained 285.6 per cent in the last 12 months and risen 198.5 per cent since the beginning of this year


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