Economy

Governor Das addresses the twin challenges of excess liquidity and large Government borrowing The industry is encouraged to note further financial inclusion remains a top priority for both the Government and the Central Bank, especially the fresh surge in COVID...

Asset quality pressures are likely to resurface, cautions ICRA ICRA Ratings has said that despite a decline in the reported Gross NPA and Net NPA by banks as on 31 December 2020 as compared to 31 March 2020, the asset...

COVID-19 costs Indian economy Rs.20trn Indian businesses can expect a promising 2021 as household spending in India are expected to grow by 7.9% year-over-year, having seen a 12.6% decrease in consumer spending during the COVID-19 hit 2020, according to a...

Aim for $350bn exports for the year, says Saraf The Government must address some of the key issues including announcement of the new Foreign Trade Policy (FTP) soon after September 2021, says FIEO President Sharad Kumar Saraf in welcoming the...

Hyatt focus on transforming hotel landscape, adding 50+ properties Hyatt Hotels Corporation (NYSE: H) is growing its brand footprint in India – one of Hyatt’s top three growth markets globally – by more than 70% by 2023, adding more than...

ICRA downgraded the ratings of 483 entities in FY2021 While uncertainties relating to the sustenance of the recovery remain, stoked further by the second wave of Covid infections, ICRA Ltd's base case assumptions suggest that the overall credit quality of...

Mounting tariffs on ICT products and services hurt US exporters A coalition of seven trade associations has urged the United States Trade Representative Katherine Tai to make enforcement of India’s World Trade Organization (WTO) commitments a priority in future bilateral...

Puri updates Rajya Sabha on exports Active role of Indian missions abroad towards promoting India’s trade, tourism, technology and investment goals has been enhanced, Minister of State in the Ministry of Commerce and Industry, Hardeep Singh Puri, said in a...

Infra-Pharma-Food Processing seek long-term credit Economic recovery has started to gain momentum as high-frequency indicators show demand is holding up, almost a year into the COVID-19 pandemic, according to a banking industry survey which also cited RBI's statistics showing improvement...

India has 775 million internet users, says Gupta Digital economy has the potential to bring 90% of the informal sector to the formal one, and to achieve that, India needs have a strong digital infrastructure in place, Dr. Amar Patnaik,...