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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

795 Articles

Modi’s Jan Dhan Yojana reaches new height; 40 crore bank accounts added under PMJDY in 6 years

PMJDY played a major role in the recent lockdown when the government transferred cash directly into the bank accounts of migrant labourers and poor sections of the society.  

PMJDY, PM Jan Dhan Yojana, pradhan mantri jan dhan account, simple process to open PM Jan Dhan account,

Factory output contracts for four months in a row in July; manufacturing PMI tumbles below June-level

The manufacturing PMI stood at 46 in July, which was 47.2 in June 2020, and 30.8 in the month of May.

manufactruing PMI, factory output, make in india

Core industries output continues to shrink in June; these two sectors face maximum hit

India’s core industries shrank by 15 per cent in the month of June 2020 but the fall was less severe than the previous month.

core industries, core output, industries growth, steel, coal, electricity, natural gas, refinery products, fertilizers

Fake currency thriving even after 3 years of demonetisation; UP, Bihar top counterfeit crimes list

There were 132 cases of counterfeit currency in 2018, which shot up 37 per cent to 181 in 2019.

counterfeit currency, fake notes, counterfeit crime, ASPA, fake products

FM Sitharaman says banks can’t refuse loans to MSMEs under emergency credit facility; warns action if reported

Credit and Finance for MSMEs: Nirmala Sitharaman said that if banks refuse credit to MSME under the emergency credit facility, it must be reported and she will look into it.

Finance Minister, Nirmala Sitharaman, bank credit, MSME credit, credit for small business, development finance institution

Vocal for Local: Modi govt restricts ‘Colour TV’ imports; India imported TVs worth this much in recent years

Around 30 per cent of TVs are imported from various countries and about 80-85 per cent TV components are imported as there is no local manufacturing.

TV, colour TV, television, TV imports, TV imports restricted

Businesses interrupted, not derailed; companies expect recovery in less than a year: PwC report

82 per cent of Indian companies expect that the business conditions are interrupted and not derailed and will recover within a year.

PwC, business recovery, coronavirus, economic recovery

Ridiculous of India to ask concessions like poor nations despite getting rich, says US Senator

The notion that India should get the same consideration as a country like Cameroon is ridiculous, said a top US Senator.

us-india, trade, google, trade preferences

India jewellery demand nosedives to record low in April-June quarter: World Gold Council

India, sometimes also referred as Suvarnabhumi - the land of gold - had a freefall in the jewellery demand in the April-June quarter due to the nationwide lockdown, lost festival demand, and the higher gold price.

gold demand, jewellery demand, world gold council,

Foreign investors shy away from India in July; FPI investments fall after hitting 15-month high

India received an FPI of Rs 3,292 crore in July so far, falling sharply from a net FPI inflow of Rs 26,009 crore in the last month.

FPIs, Indian market, coronavirus cases, Indian debt markets, indian economy, overseas investors, FPI investments

Diesel gets massively cheaper in Delhi, Kejriwal govt cuts VAT by this much; check new diesel prices

The price of diesel in Delhi is set to fall from Rs 82 to Rs 73.64 per litre after a major cut in VAT.

diesel price, fuel price

PM Modi asks banks not to reject loans due to past NPAs, consider new requests on merit

PM Modi asked the banks to not treat all credit proposals with the same yardstick and ensure that the borrowers get access to funding on their merit and do not suffer in the name of past NPAs.

narendra modi, prime minister, banks, NBFC

SEBI extends deadline for filing April-June corporate financial results to September 15

Sebi extended the deadline for companies to submit their financial results for April-June to September 15.

sebi, financial result, date extension

Indian steelmakers may face severe headwinds this year; low demand, sales set to hurt profits

The ongoing demand shock and an inability to pass on elevated costs to customers will severely hit the profitability of steelmakers this fiscal.

steel, steel sector, steel demand, steel consumption

Modi’s free food scheme rescues farmers, poor: FCI procures record amount of wheat, rice this season

The FCI has procured 389.76 LMT wheat and 504.91 LMT rice in the just concluded crop season.

rice, wheat, PM garib kalyan ann yojana

Narendra Modi to troubleshoot issues with banks, NBFCs today; credit growth, financial stability on cards

PM Modi will discuss topics including credit products and efficient models for delivery; financial empowerment through technology; and practices for stability and sustainability of the financial sector.

narendra modi, narendra modi, banks, NBFCs, troubleshoot, bank credit

E-commerce sales of Nestlé India more than double in Q2; eight factories restored to pre-Covid levels

Nestlé India recorded a strong performance in the ‘e-commerce’ channel which grew by 122 per cent in Q2 and now contributes 3.6 per cent to domestic sales.

nestle india, e commerce sales, FMCG, pandemic

Bihar doubles rice, wheat, maize crop yield; now, this widening concern remains: World Bank report

Bihar, India’s poorest state, witnessed impressive yield growth in each of its three principal crops over 2005–17.

rice, wheat, maize, bihar agriculture, agriculture in bihar, world bank

Will RBI cut repo rate again in upcoming MPC meet? Experts fear cutting policy rates won’t help much

The MPC may consider another round of rate cut to signal its intent to address the increased growth concerns and provide comfort to the volatile markets.

RBI, Reserve Bank of India, shaktikanta das, repo rate, reverse repo rate

Nirmala Sitharaman says govt will open all sectors for private firms; invites industry to tell what they want

Nirmala Sitharaman said that the government will open all sectors for private participation and the list of strategic sectors is yet to be revealed.

Shaktikanta Das lists out ways to boost agriculture; says MSP helped but it is costly, inefficient

Shaktikanta Das said that when terms of trade remained favourable to agriculture, the annual average growth in agricultural gross value added (GVA) exceeded 3 per cent.

private investment, farm sector, agriculture sector, sectoral growth, private investment in agriculture

Here’s why NASA’s astronaut Sunita Williams took Bhagavad Gita to the space

Astronaut Sunita Williams revealed how spacewalking can give a fatal challenge to even the one who has decades of training.

sunita williams, bhagvada gita, spacewalk, nasa, astronaut

Modi govt steps up efforts to make pharma sector self-reliant; releases guidelines for new schemes

Sadananda Gowda said that new schemes will significantly reduce time and investment costs for setting up new manufacturing units as the new units will be eligible for the PLI scheme.

PLI scheme, pharma sector, self reliant pharma sector, PLI scheme

Banks’ NPAs may skyrocket in coming months; Shaktikanta Das asks banks to be watchful, focussed

Gross NPA ratio of all SCBs may increase from 8.5 per cent in March 2020 to 12.5 per cent by March 2021 under the baseline scenario.

business, atma nirbhar bharat, white house, economic advisor, self reliant

No more cheating on online shopping; govt notifies e-commerce rules on cancellation charges, complaints, more

The government asked the e-commerce firms to ensure that their grievance officers acknowledge any consumer complaint within 48 hours and redresses it within one month.

e-commerce, india, consumer protection law, ministry of consumer affairs

GST relief: E-invoicing rules relaxed; now not mandatory for up to Rs 500 cr turnover

In a major relief to businesses with up to Rs 500 crore turnover, the GST implementation committee has excluded them from compulsory e-invoicing of GST.

The GST policy wing issued instructions last week that all registration applications as on June 30 that have remained pending till July 15 be granted deemed approval.

Big relief for Air India employees: No lay off plan on cards; no cut in Basic pay, DA, HRA

Air India assured that as domestic and international operations expand to reach the pre-Covid levels and the financial position of the airline improves, the rationalisation of allowances will be reviewed.

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