Economy

ICRA took 315 negative rating actions Sectors like aviation, hotels and restaurants, retail, and ports are more vulnerable to business disruptions caused by the pandemic, and accordingly, their credit quality has been more impacted than other sectors. Out of the...

PM highlights waterway benefits Prime Minister Narendra Modi said Inland Waterways is being extended to the North East region, having commissioned from Haldia to Banaras which will benefit the people as it reduces the cost of Logistics. “Planet also benefits...

Liquidity key to weather near-term headwinds: ICRA ICRA Ratings has said that extended moratorium on loan repayments given by the Reserve Bank of India till August 2020 would have a bearing on collections by Non-banks and this could pose a...

Upward revision of MSME definition The cabinet has approved upward revision of MSME definition and modalities/road map for implementing remaining two Packages for MSMEs (a) Rs.20000 crore package for Distressed MSMEs and (b) Rs.50,000 crore equity infusion through Fund of...

Win over the US, Japan and EU companies Maintaining price-cost margins and profitability top the list of 10 challenges faced post-COVID-19 by Indian businesses, according to a survey conducted by PHD Chamber of Commerce and Industry. “At this juncture, we...

Tourism sector wants bailout package Hotels and restaurants need financial booster to sustain their existence for at least 6-months with finance and loan at special low interest rates to jump re-start their operations. This called was made by Anil Khaitan,...

Subsidize airport expenses, says Rao The Government must definitely review the regulatory mindset and environment given the current disruption to businesses by pandemic, said Murali Ramachandran, President, Ground Handler’s Association. “No revenue, no fiscal support and a highly regulated environment...

RBI urged to monitor delicate economic situation Indian exporters want the government to announce immediately an economic package covering all the sectors of exports during the COVID-19 impact hit global economies. Making the exporters' call, FIEO President Sharad Kumar Saraf...

ADL sees steep decline in GDP India faces a potential loss of US$1 trillion, according to a report which seeks to inform policy makers about the range of measures they can take to avert this disaster, while also protecting the...

Framework for liquidity constraints The Cabinet has approved on 20 May 2020 a Finance Ministry proposal to launch a new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) to improve liquidity position of the NBFCs/HFCs....