Economy

Industry told to improve efficiency Given huge resources, the mineral sector can double its contribution and add Rs.4 lakh crore to the GDP, said Dr Ajit Ranade, President & Chief Economist, Aditya Birla Group. Addressing a webinar on 14 May...

Uncertainties for 18-24 months International funds are leaving emerging markets amidst uncertainties for the next 18-24 months, experts believe. Japanese Retirement Funds, for one, is moving out of India and other emerging markets, participants at a New Delhi webinar heard...

Boost for rental housing Finance Minister Nirmala Sitharaman has announced short-term and long-term measures for supporting the poor, including migrants, farmers, tiny businesses and street vendors for reviving the economy impacted by COVIDD-19. The 2 tranche measures are: • Free...

Lifeline for stressed MSMEs Forty-five lakh MSMEs will benefit from the Rs.3 lakh crores collateral free automatic loans has been provided to the MSME units with 100 crores turnover for four-year term with a moratorium of 12 months, said FIEO...

Stage set for rebuilding economy, says Dr Reddy Focus on getting liquidity into the system, generating consumption demand and propping up investments are the greatest take away from Finance Minister’s details on the Prime Minister’s Rs.20 lakh crore economic package....

Aspiration: To Be Gold Price-Setter For sustainable growth and development, India has to strengthen its services sector, particularly financial services and technology, writes V Balasubramaniam, MD & CEO, India INX V. An IFSC will be an important catalyst in this...

No Global bid for Rs.200cr Govt tenders Finance Minister Nirmala Sitharaman on 13 May 2020 announced measures for relief and credit support related to businesses, especially MSMEs to support Indian Economy’s fight against COVID-19. These include: Rs.3 lakh crore Emergency...

PM’s Rs.20 lc package welcomed It is time for India to dream big, given the Rs.20 lakh crore package announced by Prime Minister Narendra Modi on 12 May 2020 to restart the Indian economy currently. “It is a good step...

Rupee-Dollar derivative trading The launch of INR-USD contracts at the GIFT City IFSC is an initiative to onshore the offshore rupee dollar markets, according to trading community leaders. Commenting on the launch, India INX Chairman Ashishkumar Chauhan said, “The launch...

Help of low-income and MSMEs Prime Minister Narendra Modi has announced around Rs.20 lakh crores or about 10% the GDP as a new impetus for development in 2020 in the face impact created by COVID-19 crisis. It is a new...