Economy

MSMEs get the central banker's special dispensation, says Sood Without changing the benchmark Repo rates, the RBI Monetary Policy has brought in a slew of measures including a revolutionary decision to open the government securities (G-sec) market to retail investors,...

Prakash updates on Single Window System for industry Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22, to be implemented from from 1 April 2021, Minister of State in the...

Hopes on Budget 2021-22 to accelerate economic growth The Reserve Bank of India (RBI) has kept benchmark interest rate unchanged at 4% while maintaining an accommodative stance, implying rate cuts in the future if need arises to support the COVID-19...

India builds momentum for 10% GDP growth in 2022 The Indian government is likely to provide further support to the financially-strapped public sector banks, having allocated a capital of Rs.200 billion in Budget 2021-22 for the state-owned lenders as part...

ASEAN-India Hackathon offers economic opportunities The Indian Government has launched 1,000 PhD Fellowships exclusively for ASEAN citizens while several Indian universities like IIT-Delhi and Tezpur University host students from the 10-member country grouping, Education Minister Ramesh Pokhriyal ‘Nishank’ said on...

Sitharaman announces a policy of strategic disinvestment The government aims at making use of an estimated Rs.175,000 crore receipts from disinvestment proceeds in BE 2021-22 to finance various social sector and developmental programmes and also to infuse private capital, technology...

Housing got a big boost The healthcare got the highest priority in resource allocation and policy support including Rs.64,180 crore outlay under the Prime Minister Aatmanirbhar Swastha Bharat scheme from the Union Budget 2021-22 presented by Finance Minister Nirmala Sitharaman...

Economic recovery to provide opportunity for India The Production Linked Incentive (PLI) Scheme will be a game changer and put India's focus on technology exports such as electronics, electrical machinery and automobiles, which accounts for over 35% of global imports,...

Credit quality of India Inc has experienced rapid changes The outlook on India's infrastructure-related sectors viz., Roads and Ports is Stable. Growth in toll collections and higher cargo growth, respectively, will drive these sectors’ profit and revenue growth, ICRA Review...

42% businesses thin the Indian economy has recovered Ninety-nine per cent of Indian businesses have implemented digital online strategies related to recognising their customers across various platforms, according to Experian’s Global Insights Report. The report said that 31% businesses in...