Samrat Sharma

Articles By Samrat Sharma

242 Articles

No respite for Indian auto industry from slowdown: Dealer inventories signal more shockwaves

During the festive season, the domestic passenger vehicle sales rose marginally by 0.28 per cent in October, after sliding continuously for eleven months.

car sales in domestic market down 6.34 percent in october Passenger vehicle sales rise marginally according to siam data News

India’s goods in low demand globally; exports contract in first seven months

India’s exports contracted by 2.2 per cent in the seven months to October 2019.

trade, trade deficit, current account deficit, low exports, iip, industrial production News

Worried about high inflation? It’s actually low and that is the REAL reason to worry

Core inflation -- inflation excluding food and energy sectors -- remained moderated due to weak demand conditions in the economy.

retail inflation, CPI, consumer price, WPI, wholesale price index, vegetable prices, pulse prices, RBI News

GST ‘e-invoice’ finally here; faster returns, saving time and effort, other benefits for businesses

The government has said that the key objective of 'e-invoicing' is to eliminate the need for fresh data entry thus increasing machine readability and uniform interpretation.

gst, gstn, goods and services tax, gstn gst network, e invoicing News

Wholesale inflation tumbles even as retail inflation shoots up; here’s what upset the maths

As retail inflation shot up to a 16-month high in October, the low weight of food prices in the Wholesale Price Index has kept the wholesale prices benign. 

Wholesale price, wpi, WPI, wholesale market, wpi surges, CPI, consumer price index, price rise News

Wipro, TCS, Infy employee? Your US visa chances slid this much in Trump rule

IT giant Wipro has seen the maximum rejection of its H-1B visa request in 2019.

H1B, H 1B visa, american visa, IT companies, IT industry, US work permit, software exports, services exports News

Retail inflation at 16-month high; crosses RBI’s comfort level at 4.62% in October

Food inflation can be attributed to the spike in retail prices as Consumer Food Price Inflation (CFPI) skyrocketed 7.89 per cent in October.

retail inflation, cpi, consumer price, consumer inflation, inflation in retail prices, onion prices, tomato prices News

Govt’s fiscal stimulus to hardly boost investment in near-term; here’s why RBI steeply cut forecast

The annual forecast for capital formation (GFCF) has been steeply cut from 9.4 per cent to a mere 6 per cent in the first half of the current fiscal year.

Construction, gfcf, capital formation, investment, sagging economy, economic slowdown, rbi, reserve bank News

Indians to hit brakes on shopping in coming months; RBI cuts consumption forecast

The RBI has substantially cut down annual forecast for India’s expenditure on consumption (PFCE) to grow at a mere 5.5 per cent now, dramatically slower than 8.1 per cent projected in March 2019.

pfce, consumption, expenditure, demand led slowdown, demand, shopping, consumer durables, consumer non-durables News

RBI cuts India’s annual GDP forecast by whopping 1.1 pct points in six months; lists these key reasons

The downward revision in GDP growth forecast reflected both subdued domestic demand conditions and weak consumer sentiments.

rbi, gdp forecast, reserve bank, sbi, state bank of india, slowdown, investment, demand News

Another blow for Indian economy after record IIP slump; new data shows economic revival not near

The highest contraction in bank credit is observed in the micro, small and medium enterprises (MSMEs).

bank, credit, bank credit, industrial bank credit, weak economy, slowdown in economy, sagging economy, finance minister, nirmala sitharaman, factory output, iip News

Power demand shrinks for third straight month in October; industrial slowdown to blame

A widespread slump in demand in major sectors such as consumer goods, auto, and real estate has led to a decline of 13.2 per cent in the country’s power requirement.

power, electricity, power requirement, industry, slowdown, economy, bloomberg, india's power demand News

Fake note tops list of counterfeit cases in India; these are other most spread duplicate items in market

While a quarter of cases related to fake note are from West Bengal and Uttar Pradesh, around 65 per cent cases related to fake liquor are from Uttar Pradesh and Jharkhand.

fake, duplicate, counterfeit, fake note, aspa, suresh prabhu, indian market News

As unemployment in India raises alarm, these reasons keep job seekers away from jobs

The evolving complexities in various job roles, driven by digital transformation and adoption, have generated demand for highly skilled candidates.

employment, jobs, job seeker, skill sets, technology, evolving business, News

Women outpace men in making money; key reasons behind erosion of billionaires’ wealth in 2018

In the five years to 2018, women billionaires have generated wealth at a faster rate than their male counterparts.

dollar, euro, rupee, money, cash, billionaire, millionaire, ubs, pwc, rich, women outpace men, News

Moody’s outlook cut EXPLAINED: On demonetisation’s 3rd anniversary, blow to India’s credit rating

A positive outlook means that a rating may be raised, while a negative outlook means that a rating may be lowered.

credit rating outlook cut, moody's, s&p, fitch, credit rating, News

Steel prices shoot up and FM Sitharaman’s housing push not the only reason; here are other factors

The steel turnover --traded value of all contracts -- has increased by 142 per cent from Rs 415.29 crore in September 2019 to Rs 591.96 crore in October 2019, at ICEX.

steel, steel sector, steel prices, ICEX News

Did you know what made demonetisation worse? Modi govt could not explain it properly

Unknown aims and objectives of demonetisation kept the economy turbulent and the issue of policy communication has not been discussed at any length.

demonetisation, noteban, Rs 500, Rs 2000, narendra modi, modinomics, 3 years of demonetisation, fiscal measures, stimulus measures News

These states are happiest with India pulling out of RCEP; industry leaders have this to say

The industry leaders from Kerala, Goa, and many other states have also come up with a token of appreciation on the govt's move on RCEP.

RCEP, Asean, RSEP, indian economy, rcep trade, rcep deal, rcep trade deal, rcep india, rcep agreement, CII News

North-South divide at the fore once again; who’s more prosperous, how to decide?

Ease of access and presence of different financial services have led Indians to feel more prosperous, amongst its peers in the Asia region.

south india, north india, financial services, fintech, prosperity, digital india, narendra modi News

Homebuyers may get houses soon; Nirmala Sitharaman announces Rs 10,000 Cr for unfinished housing projects

Nirmala Sitharaman said that the government shall act as the sponsor of the fund and infuse funds up to Rs 10,000 crore.

nirmala sitharman, housing sector, finance minister, economy slowdown, housing projects, govt measures, News

Many cars sold don’t hit roads for this reason; auto slowdown deeper than it looks

While more than two lakh passenger vehicles were sold to dealers in September 2019, only around 1.5 lakhs touched the roads.

car sales, fada, siam, car sales, auto slowdown, economic slowdown, auto sector, auto industry News

3 years of Demonetisation: Core issues still prevail on ground

Terrorist activities in the last three years in India have significantly increased from the pre-demonetisation level of 2015.

demonetisation, notebandi, note ban, rs 200 new note, rs 500 new note, currency in circulation, demonetisation anniversary News

What happens to your deposits if a bank fails: HDFC Bank warns customers with this message

HDFC Bank has started to stamp its passbook, which says that in the case of liquidation, the depositor will get a maximum of Rs 1 lakh only.

banks, deposits, hdfc new stamp, hdfc passbook, new stamp of 1 lakh, deposit insurance, pmc bank, hdfc bank, depositors money News

12 champion services to build Brand India; Piyush Goyal says, govt will select high-performers

Piyush Goyal said that sectors like tourism, health care, and education will attract investment, create jobs, promote entrepreneurship, and attract foreign exchange earnings. 

piyush goyal, commerce minister, minister of railways, services sector, service industry, banking and finance News

Economy starts Q3 with continuing pain; another warning signal shows activity slowed in October

Fall in services exports to a 4-month low and the rise of input cost to a one-year high have brought down the confidence in the service sector to lowest in nearly three years.

services pmi, purchasing managers index, high cost, employment, jobs News

Indian companies evade large part of CSR mandate; half of them don’t even report

In FY18, as many as 46 per cent of the companies did not report their CSR expenditures and progress.

CSR, corporate social esponsibility, compliance for companies, CSR contribution News
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