UN revises growth forecast to 5 per cent for India in current fiscal
Its estimate for FY21 was also further downgraded to 5.8%-5.9% from 6.6% in the report, said Nagesh Kumar, head of the UN economic and social commission for Asia and the Pacific, while presenting the report in Delhi. Since the report was finalised in October it did not take into account the second quarter results and hence the outlook has been revised, Nagesh Kumar said.
What is government borrowing? How it impacts fiscal deficit?
In the current fiscal, the government has decided to stay with the borrowing pro...
Hedged trades may cost less as Sebi likely to lower margin requirements
Initial margins that traders must pay exchanges include SPAN and Expo...
RBI should act as lender of last resort, provide liquidity to NBFCs: SBI
In its report on Budget expectations, the economists said RBI should "seriously think" of providing liquidity to NBFCs against the assets held by the lenders. "Given the crisis of confidence in the financial markets, it is imperative that central banks don't forget their primary function of being the lender of the last resort," they said.
View: India be overestimating inflation and making skewed policy at the cost of higher growth
A glance at the current CPI basket shows that it accounts for several outdated items such as VCR/VCD/DVD player.
Uddhav Thackeray's swearing-in cost government Rs 2.79 crore
Shiv Sena president Uddhav Thackeray took oath as chief minister at the Shivaji Park ground in central Mumbai on November 28. Six other ministers from the Sena, Congress and NCP were also sworn in with him.
Budget 2020: Is it time for a more realistic disinvestment target?
India needs more realistic disinvestment targets so that the fiscal math is not affected towards the end.
Air India cost saving plans to add over Rs 700 crore per annum, as govt readies plan to divest stake
While one initiative of moving to one ticket booking software for domestic flight bookings would save about Rs 519 crore in 2020, the other initiative of putting a bigger aircraft on Delhi-London route and smaller Dreamliner on Delhi-Washington route would add about Rs 100 crore to airline’s bottom line.
Goldman Sachs profit misses estimates on higher costs, weak M&A
The bank's net earnings applicable to common shareholders fell to $1.72 billion in the quarter ended Dec. 31 from $2.32 billion a year earlier.
New low-cost method to turn plant waste into biofuels
The approach features an ammonia-salt based solvent that rapidly turns plant fibres into sugars needed to make ethanol.
Any invasion would be 'very costly' for Beijing, Taiwan President warns China
President Tsai Ing-wen won a second term over the weekend with a record 8.2 million votes, an outcome that was seen as a forceful rebuke of China's ongoing campaign to isolate the self-ruled island. China's leadership had made no secret of its desire to see Tsai turfed out because she and her party refuse to acknowledge their view that the island is part of a "one China".
Fiscal deficit may widen to 3.7-4% of GDP: Ex-fin secy
He estimated that the real fiscal deficit would be around 4.5 per cent to 5 per cent of GDP.
Startups cutting employee costs
Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.
How bad really is the fiscal situation?
At this point, it makes sense to bite the bullet. Govt can fret over deficit after growth has picked up.
ETRISE Top MSMEs Ranking: As GST collections slip, compliance cost increases
A slowdown in consumption is also hurting tax collections and a prolong period of economic uncertainty will further pressure.
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