Large-scale migration following a pan-India lockdown in March last year had not just wrought havoc on the workers themselves but also crippled the production lines of companies, especially in labour-intensive sectors such as
After a gap of about eight years, India and the EU will resume formal negotiations for a trade and investment agreement on May 8, with both sides aiming to expedite a deal to aid economic growth in the post-pandemic era.
The RoDTEP scheme has, from January 1, replaced the Merchandise Exports from India Scheme (MEIS), which was successfully challenged by the US at the WTO on ground of being inconsistent with global trade norms.
India’s exports of 'core' products, or goods excluding petroleum and gems & jewellery, have accelerated at a quicker pace than that of overall merchandise exports month after month since May 2019, belying even Covid-induced
In fact, India’s exports of products in the 40 apparel categories, which are targeted under the PLI scheme, stood at just $1.1 billion in 2019, against $140 billion globally. Importantly, Bangladesh’s exports of these pro
However, in the following months, export growth moderated, partly because China mostly sources raw materials or low value-added products (iron ore, certain steel and iron products, cotton, etc) from India where the scope for
The idea is to boost the non-debt capital receipts, which are currently raised solely via disinvestment of government stakes in central public sector undertakings (CPSEs). In parallel, the government has also adopted a policy
In a post-Budget interview to FE, economic affairs secretary Tarun Bajaj discounted inflation fears due to elevated deficit, saying the government would deploy much of the resources in creating productive assets.
The minister could also highlight the government’s budgetary goals to boost spending in productive assets (that won’t stoke inflation), establish a development finance institution to aid infrastructure creation and back a
Similarly, several procedural requirements on issues, such as claims of creditors, may be simplified to make the entire process less rigorous. This is aimed at reducing the cost as well as time required for stress resolution.
Asked if the so-called bad bank, proposed in the Budget-2021-22, will in any way reduce the attractiveness of the insolvency and bankruptcy code (IBC) as a tool for bad debt resolution, Sahoo said, on the contrary, it will de
The UK accounted for 16% of India’s $53.7-billion exports to the EU in FY20. Apart from garments, India ships out gem and jewellery, pharma products, footwear and organic chemicals, among others, to the UK in large volumes.
Nevertheless, the funds so raised will proportionately reduce the government’s gross domestic market borrowing from the budgetted Rs 12 lakh crore to fund fiscal deficit in FY22, he told FE in an interview.
While the government backs the idea of setting up the ARC, or the so-called bad bank, for the resolution of bad debt and cleaning up of the lenders’ books, it will not provide capital for it. Instead, banks — both state-r
“In fact, the market is getting ready for ‘ultra-fast pre-pack’,” MS Sahoo, chairman of the Insolvency and Bankruptcy Board of India (IBBI) who headed an official panel on pre-pack insolvency, told FE in an interview.