Samrat Sharma

Articles By Samrat Sharma

129 Articles

Govt’s move to benefit 3.5 lakh home buyers; provides Rs 10,000 crores for last mile funding

Finance Minister assured that the interest on home building advance will be lowered and will be linked with 10-Year G-Sec yields.

house, home buyers, homes, real estate, realty, nirmala sitharaman, relief measures, 10000 crore for last mile funding News

Finance Minister Nirmala Sitharaman’s relief measures for exporters; all you need to know

To boost the exports from the country, the government has provided additional credit support of up to Rs 68,000 crore in the priority sector lending.

exports, housing, real estate, realty, nirmala sitharaman, finance minister, press conference, slowdown, releif measures News

Surcharge becoming govt’s favourite revenue tool, doubles share in tax kitty; cess also up

The share of surcharge, which was stable at 2.4-2.8 per cent of tax for five years through fiscal years 2013-2018, grew to 6.3% of tax in the last financial year 2018-19.

surcharge, cess, tax, revenue, rbi, reserve bank, rbi bulletin, additional tax News

GST collection low because of slow GDP growth: RBI tells how govt can reap full GST benefit

To reap the full benefits of GST, the RBI has recommended to introduce an invoice matching system, ways to mitigate system design deficiencies and the simplification of GST processes.

gst, gst rate, tax, rbi, rbi data, slow gdp growth News

This RBI move leaves more money for banks to lend to consumers ahead of festive season

Reserve Bank of India’s move to reduce risk weightage requirement for consumer loans may provide a boost to consumer lending and spending.

rbi, RBI, risk weight, consumer credit, credit card, home loan, personal loan News

Retail inflation at 10-month high; food prices surge in August

Industrial production has grown at 4.3 per cent in July 2019, improving substantially from 2 per cent in the previous month.

cpi, iip, inflation, retail inflation, food prices, cfpi, industrial production News

Thailand beats India to woo companies looking to escape death in US-China trade war

To facilitate foreign investments, particularly from China, Japan, Taiwan, and South Korea, Thailand has rolled out a relocation package to attract countries to quickly switch their new businesses from China to Thailand.

trade war, US-China, relocation package, thailand, vietnam, India, global companies, recession News

Crude oil windfall again for Modi’s India; oil price outlook in favour of India’s trade balance

Crude oil prices fell more than $10 per barrel in a year and being the largest component in India’s overall imports, the fall in prices and demand can substantially bring down the country's import bill.

crude oil, oecd, EIA, oil prices, petrol, diesel, inflation, import bill, trade balance, opec News

How to grow small housing finance companies: RBI suggests measures, new market

Housing finance in India is a highly concentrated business, with the top five housing finance companies (HFCs) accounting for over 85 per cent of the loans.

house, housing finance companies, HFCs, NBFC, mortgage-backed securities News

Jobs are coming: Significant hiring on cards next quarter; check which sectors will hire most people

Public administration and education sector have witnessed the strongest labour market, where the net employment outlook stands at 27 per cent.

jobs, employment, hiring sentiment, manpower report, employment, companies, slowdown, spain, india News

5G a far-fetched dream: Here’s what is keeping next gen telecom tech out of reach for India

The range of 5G network towers is far less than towers of 2G, 3G and 4G network, which requires the installation of many more towers for smoother communication.

5G, 5g technology, fibre, mobile network, tower, radiation, 5g in india, 5g testing News

FM Nirmala Sitharaman says focussed on reviving GDP next quarter, govt knows it has to do something

Nirmala Sitharaman said that the dips and raise in the GDP growth does happen and is a part of the growth. She added that the government is not underestimating the slow GDP growth and has full focus on how it can rise in the

Finance Minister Nirmala Sitharaman, FM, 100 days of Modi govt, economy, slowdown News

Inflation may bite your household budget, may have risen to 10-month high in August

The Kotak report estimates the industrial production to have grown by 2.3 per cent in July, which is a marginal improvement from 2 per cent in the previous month.

fruits, vegetables, CPI, inflation rate, inflation in august, MOSPI, IIP, industrial production, manufacturing News

India needs over Rs 100 lakh crore to fulfil shortage of houses by 2022, says RBI

Despite policy focus and sustained government efforts, India still suffers from a housing shortage that could increase with rising population.

houses, housing, Narendra Modi, RBI, reserve bank of india, infrastructure, HFC, housing finance companies News

China’s surprise slowdown is advantage India; how dragon’s unexpected export, import fall will help

The Chinese economy witnessed an unexpected rocky trade in August with the exports dropping by 1 percent on-year, against the market expectation of a 2 per cent growth.

US-China, trade war, exports, imports, demand, India, import bill, commodities, steel, aluminium, bronze, copper News

Don’t let up on expenditure, pay your vendors promptly, FinMin tells large PSUs

Government has asked the heads of large PSU companies to stick to their respective capital expenditure plans and accelerate the investment activities.

investment, demand, finmin, finance ministry, psu, cpse, dea, economic affairs, slowdown, nirmala sitharaman News

Normal rain so far this monsoon season; rice sowing remains low despite overall crop improvement

Sowing patterns of crops during the cumulative week ended 30 August 2019 has seen notable improvement over a week ago.

rainfall, agriculture, rain, monsoon, harvest, crops, crop sowing, agriculture, agri gdp, economy, khariff, rabi News

Another Nirmala Sitharaman press conference today? More relief measures for economy likely

Expenditure Secretary G C Murmu will chair the meeting, and will also review the progress of current year projects and schemes to be implemented after budget by various ministries.

msme, cpse, borrowing, liquidity, cash, finance ministry, nirmala sitharaman, News

Half of all bank loans are with less than 1% of companies; 266 large firms have borrowed this much money

Only 266 companies, with borrowings at over Rs 5,000 crore each, have aggregate borrowings of over Rs 40 lakh crore.

corporate loans, bank lending, msme, micro, small and medium enterprises, News

Heavy foreign investment in telecom sector; 25% of total FDI in India in Q1

At Rs 29,352 crore, the FDI in telecommunications in just one quarter of FY20, surpassed the total FDI inflow into the sector in the entire previous financial year FY19.

FDI, foreign direct investments, global currency, manufacturing, services, telecommunications, News

Banks sold stressed assets worth Rs 3.79 lakh cr till FY19; resolution process catches pace

The prudential framework enables the sale of stressed standard assets, which are in default, as part of the resolution process.

PSU Bank Merger, Bank Merger and Consolidation, Mega Merger Deadline News

No pickup in investments in short term as overcapacity kills need for expansion

Low capacity utilisation in most of the industries have left them with surplus capacity and this surplus has pulled down the need for any more expansion.

investment, rural economy, kotak, care ratings, capacity utilisation, over capacity, slowdown, slow economic growth News

Bonus for sugar industry, govt allows sugar syrup for ethanol production

All distilleries will be able to take benefit of the scheme and the large number of them are likely to supply ethanol for the Ethanol Blended Petrol (EBP) programme.

sugarcane, sugar, ethanol, sugar glut, excess production, oil marketing companies, OMCs News

Slow GDP growth to hit GST, tax revenues; RBI surplus transfer to provide cushion

The revenue side weakness restricts the way for a fiscal stimulus without compromising on the fiscal deficit as the indirect tax collection along with the overall tax revenues are expected to further continue its slow pace in

gst, revenue shortfall, economy, kotak report, indirect tax, direct tax News

Foreign investors shy away from Indian market; manufacturing FDI remains sluggish in last two years

The government has been continuously introducing measures to attract foreign investors to set up their businesses in India, but the global brands have not shown much enthusiasm for the Indian market.

Government, FDI, contract manufacturing, foreign direct investment, manufacturing industry News

Homemade agarbattis to create jobs: Why Modi govt curbed import of incense sticks

There has been a big fall in employment in Indian Agarbatti Industry, which has been crippling ever since UPA government slashed duty from 30% to 10% in 2011.

agarbatti, incense stick, govt put restriction, import duty, jobs, employment, narendra modi News

While Modi wants to double farmers’ income, agri share in India’s growth halves in his term

The overall economy has been growing at a faster rate than the agriculture sector resulting in a decline of the share of agriculture and allied sector in the economy.

farmer, agriculture,weak agri growth, agri gdp, agri gva, drought, farming, crop cultivation News