Samrat Sharma

The writer is Senior Correspondent(Delhi / NCR)

Samrat Sharma is a leading author in the field of business, finance, economy, and industry. He has work experience of 5 years in various sectors

including manufacturing, analysis, and media. He is a mechanical engineer & MBA graduate.
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Articles By Samrat Sharma

521 Articles

Manufacturing PMI hit by coronavirus in March; factory output in coming months may fall sharply

Confidence towards business outlook has fallen to a record low, due to the Covid-19 concerns.

manufacturing PMI, purchasing managers' index, manufacturing, factory growth News

Small savings interest rate cut to make bank loans cheaper? Here’s what may make banks act now

The rate cut on small savings schemes is being seen as an enabling move for banks to make borrowings cheaper, in line with the government’s and RBI’s efforts.

small savings scheme, ppf, PPF, RBI, monetary measures, credit growth, borrowings from banks News

March GST collections below Rs 1 lakh cr, way behind target; FY20 govt revenue goal at stake

Full-year GST collection has grown only 4 per cent than the previous year in FY20.

gst, gst target, goods and services tax, gst for march, gst for FY20 News

RBI relief for exporters: More time given to realise value of exports from Covid-19 hit nations

The Reserve Bank of India has extended the period of realisation of the value of exports to 15 months from the date of export.

exports, imports, trade, foreign trade, repatriation, realisation from exports, way and means News

Oil price war may end soon due to this reason; crude prices record largest quarterly fall in Q4

At present, high supply and the crisis of demand have led the oil prices in the global market to hover around $20 per barrel, which is at an 18-year low.

biggest fall in crude prices after gulf war, OPEC, Non OPEC, price war on crude oil, petrol and diesel, crude production cut, crude production up, crude prices News

More homebuyers in Tier II & III cities than in metros; these factors fueled growth in home loans

Most of the Tier II & III cities have been driven by employment generation through manufacturing or services sectors.

housing sector, home loan, JLL, houses in tier 2 cities News

Govt asks steel PSUs to deposit CSR money in PM CARES fund; extra amount will be offset later

8 steel PSUs including SAIL, RINL, NMDC, MOIL, MECON, KIOCL, MSTC, and FSNL, will deposit a total of Rs 267.55 crore CSR fund in the PM CARES fund.

PM CARES fund, steelpsu, dharmendra pradhan, steelminister, coronavirus, covid 19 News

FPI investors turn net sellers for 2 years in a row for first time ever; lifetime high pullout in March

The heavy outflow of FPI in March has offset the investments made in the previous months and the annual FPI went into negative.

FPI, foreign portfolio investors, coronavirus, foreign investments, FPI, NSDL News

No, Financial Year 2019-20 has not been extended, FinMin clarifies; here’s what caused confusion

There is fake news circulating in some sections of the media that the Financial Year has been extended.

Coronavirus, calendar year, FY, FY not extended News

Fresh Start Scheme 2020: Companies can file pending forms, returns without late fees; make fresh start

The Fresh Start scheme and modified LLP Settlement Scheme incentivise compliance and reduce compliance burden during the unprecedented public health situation.

company fresh start scheme 2020, regulatory relief, nirmala sitharaman, mca, ministry of corporate affairs News

Another blow to gem & jewellery industry: Retailers shut shops, exports fall for straight 11 months

The gem and jewellery industry heavily depends on trade and a severe fall in exports has brought the industry to a standstill.

gold demand, silver demand, gem and jewellery industry, coronavirus, covid 19 News

Strong economy may prevent India from recession; almost all G20 countries can face economic contraction

India, along with China and Indonesia, is expected to show slow growth in the economy while countries like the US, the UK, France, and Germany are likely to face a contraction in their economy.

recession, g20, eiu global recession, recession in india, coronavirus, covid 19 News

Businesses hit by coronavirus may take months to return to normalcy, even if lockdown lifts in 21 days

The businesses facing a wallop due to slump in demand and zero footfall in the market may take up to 6 months to come back to normalcy.

business lockdown, FICCI, business come back to normal, FICCI survey, News

Bankruptcy deadlines relaxed: IBC activity falling behind during lockdown can be finished later

If an IBC activity was to be carried out during the 21 days of lockdown announced by the centre, it can be completed after lockdown.

IBC deadline extended, insolvency and bankruptcy code, ibbi, insolvency and bankruptcy board of inida, threshold limit increased News

RBI fights back: Shaktikanta Das wages war on coronavirus-led economic crisis

RBI Governor Shaktikanta Das answers if a recession is underway, outlook on inflation, the significance of previous GDP estimates, other questions.

RBI, repo rate, liquidity funds, shaktikanta das, rbi governor, reserve bank of india, rbi mpc News

Modi’s Jan Dhan, Ujjwala to the rescue; may help take coronavirus relief benefits door-to-door

Social infrastructure and welfare distribution system put in place in Narendra Modi-government’s first term may help take economic relief benefits door-to-door.

LPG cylinders, ujjwala yojana, pradhan mantri garib kalyan yojana, coronavirus, covid 19, lockdown, nirmala sitharaman, economic relief package News

Modi govt’s largest ration subsidy scheme for 80 Cr Indians; check full details of govt plan

80 crore will get 7 kg ration every month, including wheat at a cost of Rs 2 per kg, instead of Rs 27 per kg; and rice at cost of Rs 3 per kg, instead of Rs 37 per kg.

cabinet briefing, covid 19, coronavirus, ration, atta, wheat, rice, chawal, food security scheme News

Fate of businesses, industries uncertain as economic relief package awaited, people locked in houses

With zero footfall and no demand in the market, the wait of businesses and industries for economic relief is yet not over.

economic relief package, fiscal measures, industries, businesses, coronavirus, covid 19 News

FPI investors leave India with lifetime high withdrawal; pullout more in March than in full year 2018

In the full year 2018, Rs 80,000 crores were pulled out from the Indian market, while in only one month of March 2020, more than Rs 1 lakh crore has been taken away by the FPI investors.

FPI, foreign portfolio investments, FPI investors, indian stock market, indian market, investors shy away News

FM Sitharaman eases regulatory, tax compliance burden amid Covid-19; here’s what more could be done

Sector-specific measures, cash flow & liquidity enhancement measures are first needed to ensure that businesses can withstand this tough period.

coronavirus, COVID-19, nirmala sitharaman, finance minister, FM Sitharaman, relief package News

Tourism sector comes to halt as 32 states declare lockdown; these five states may face maximum hit

Even before the lockdown, India hosted 72,000 fewer tourists in the month of February 2020.

FTA, FEE, foreign tourists, tourism sector, forex News

Nirmala Sitharaman’s food bags for people in need; allows states to take foodgrain from FCI, pay later

FM Sitharaman said that the move will ensure that the states do not face any cash constraint in distributing food to those in need.

finance minister nirmala sitharaman, FM Sitharaman, fiscal measures, food grains to states News

Petrol price taxes set to rise? Govt allows Rs 8 per litre hike in duty on retail fuel

The government has today raised the cap on additional excise duty on petrol by Rs 18 per litre and diesel by Rs 12 per litre.

petrol, diesel, petrol prices, diesel prices, price of fuel, News

Loan on every Indian doubles in 7 years; govt’s incentives on credit bears fruit

The per capita bank credit was Rs 37,802 in FY12, which has shot up to Rs 73,637 in FY19.

loan, credit growth, bank credit, per capita loan, per capita credit, loan on indian News

Digital India: Risk of coronavirus on currency notes, ATMs make banks recommend digital transactions

The banks have started sending awareness messages to avoid visiting public places and the use of currency notes.

Economy News

Is your company ready to fight coronavirus? Fill this form and tell the government

Filling this form doesn't require payment or Digtal Signature Certificate (DSC).

Industry News

Indian economy may now take long time to revive; these external factors pose maximum risk

External risks have risen significantly and pose a further downside risk to global growth and the negative impact on India’s trade is obvious.

coronavirus, covid 19, coronavirus impact on economy, crisil News
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