Economy

ICRA sees FY2021 GDP at 2021 The Indian economy is likely to witness a sharp contraction of 4.5% (de-growth) during Q4FY2020 and a gradual recovery to just 2% GDP in FY2021, post the Covid-19 outbreak and emanating concerns thereof, according...

Port CAGR at 5-6% by 2022 The logistics market in India is forecasted to grow at a CAGR of 10.5% between 2019 and 2025, according to a 3 Apr 2020 report “Indian Logistics Industry Outlook, 2020” by ResearchAndMarkets. Increasing investments...

PHD Chamber suggests way to boost stock markets PHD Chamber of Commerce and Industry wants the Long-Term Capital Gains Tax and Tax on Buyback of Shares abolished to Boost Investor sentiments and revive traction in the stock markets. It is...

Challenges for normalization of businesses The asset quality pressure for banks and non-banks (NBFCs) is expected to increase in FY2021, notwithstanding the three-month moratorium provided by the Reserve bank of India (RBI) to borrowers on their loan repayments, according to...

Aviation, Hotels and Real Estate face rating downgrade Sectors such as Aviation, Hotels, Cut and Polished Diamonds, Retail and Textiles (Cotton Spinning) and Real Estate (Retail) face rating downgrade pressure, says ICRA in its latest assessment of India Inc. At...

IBA answers FAQs The Reserve Bank of India has allowed Banks to declare a three-month moratorium on all term loans outstanding as on 1 March 2020, as well as on working capital facilities. The Indian Banks Association (IBA) has answered...

Implement reforms for economy to regenerate, say Rai India needs to take urgent steps to prepare a roadmap for sustainable reforms for its banks which are showing signs of weak financial health, according to Vinod Rai, a former Comptroller and...

Consultations underway for 1HFY21 borrowings Foreign portfolio investors are set to participate in a series of government bonds under the ‘fully accessible route’ (FAR) as planned by Indian authorities. The selected securities will be available without any caps for foreign...

PSUs will be worst hurt by weak demand India’s power demand has declined on average 30% year-on-year (yoy) and 25% week-on-week basis on 28 March following the 3-week 25 March lockdown. “Demand from the industrial and commercial sectors are already...

CSR for underprivileged section of the society Global Schools Foundation, which runs the premier network of Global Indian International School (GIIS), has pledged to contribute SGD 200,000 to the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM...