Economy

NBFCs will require additional funding of Rs.1.9-Rs.2.2trn, says ICRA ICRA Ratings has said that Non-banks (NBFC and HFCs) AUM growth would revive in FY2022 to about 7-9% vis a vis a flattish performance in the current fiscal, according to ICRA...

Puri says the budget needs to focus on larger market Given that real estate contributes more than 8% to the Indian economy, it has justifiable expectations from the Union Budget 2021-22 as there are several opportunities to give the sector...

Tech companies to be significant demand drivers Colliers India expects leasing activity to pick up further by 25-30% to around 42-45 million sq. feet in the commercial office space in India for this year (2021). "Our research suggests that this...

Industry expects Govt’s bold steps to tackle the economic challenge All eyes are on the upcoming Budget 2021-22, says recently appointed FICCI President Uday Shankar, noting the Government’s efforts to seek economic growth inducing ideas. Shankar made the comments on...

Kumar underlines the importance of funding MSMEs and SMEs Artificial Intelligence, Algorithms, Prediction Analysis are the future of lending norms for banks to follow and as such it is important to move on from Rating criteria for grant of loans,...

Prime Ministers agreed to build capacities in the blue economy The Indian and Vietnamese Prime Ministers have agreed to achieve US$15 billion trade turnover at the earliest at the Virtual Summit on 21 December 2020. Prime Ministers Narendra Modi and...

Sitharaman assures for taking note of all inputs The Government is seeking growth-inducing big ideas and inputs derived from introspection by industry, which would be used for creating a ‘Budget as never before’ and help India emerge as the engine...

Marketing a big challenge for exporters, says FIEO The Federation of Indian Export Organizations (FIEO) wants the Government to accord “deemed export status” to Indian companies winning contracts under the Global tender. FIEO has suggested these companies “may be accorded...

PM enumerates steps for deepening the financial markets The Government has repealed as many 1,500 laws in the last six months as India has made up its mind and is committed to reforms in rules and regulations, Prime Minister Narendra...

Goyal highlights huge investment opportunities India is making efforts to deregulate its economy for greater investments from other parts of the world, the Commerce and Industry Minister Piyush Goyal told the Ministerial Session at the CII Partnership Summit on 15...