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Post-RCEP Retreat: India likely to sign clutch of FTAs in FY21

In a move that could disprove the perception that India’s trade policy has lately tilted towards protectionism, the government has stepped up efforts to forge “balanced” bilateral free trade agr

Economy News

Asset monetisation: NHAI’s first InvIT in April, aims to mop up Rs 6,000 crore

In the Budget for 2020-21, NHAI has been given budgetary support of Rs 42,500 crore, down from Rs 36,391 crore (revised estimate) for 2019-20.

Infrastructure News

Economic slowdown: Credit downgrades surge as GDP slips, says India Ratings and Research

The quarterly downgrade-upgrade (D-U) ratio rose progressively during April-December in the current fiscal, with a total number of 188 issuer ratings being downgraded against 103 upgrades by Ind-Ra.

In an unprecedented fifth downward revision of its GDP forecasts for FY20, Ind-Ra had pegged it at 5.0% in January 2020 from 7.5% a year ago. News

Bengal FM Mitra presents Rs 2.56 lakh-crore budget, announces welfare schemes ahead of poll

The state will assist one lakh unemployed youths with loans up to Rs 2 lakh for the next three years for taking up new income generating project under ‘Karma Sathi’.

Mitra offered the new schemes for MSME units, unorganised workers, unemployed youths, senior citizens, backward sections and homeless tea garden workers, among others. (ANI Image) News

CPSE report card: Profitability up on lower wage bill, ‘other expenses’

A dip in wage bill (thanks to VRS and reduced hiring) and a 27% decline in ‘other expenses' improved balance sheets.

mutual fund, MF, loan against mutual fund, loan against securities, how to get loan against MF, equity MF, debt MF, mutual fund redemption, market risk, long-term investment, short-term investment, overdraft facility News

CCI investigation: Amazon moves HC for stay on probe on business practices

Amazon on Monday moved the Karnataka High Court seeking a stay on the Competition Commission of India’s (CCI) order last month asking its director-general to investigate allegations that the e-comme

Industry News

Economic slowdown: India Inc continues to undergo pain, firms struggled to push volumes in Q3

Despite the quarter being a festive one, most companies struggled to push volumes; increase in net profit was mostly a result of lower tax rate

Economic slowdown, India Inc, Bharti Airtel, NBFC, MMFS, Chola Financial News

GST rates: Sitharaman wants slab change once in a year, not every three months

Periodic changes in indirect tax rates bring about uncertainty both for the industry as well as the government, Sitharaman said.

Economy News

Power play: Stage set for more private funds in power distribution business

Private power cos FE spoke to show interest in new policy, but cite conditions

Power play, discoms, AT&C, UDAY scheme, distribution entities , public sector entities News

LIC’s bad debt jumps, profits under stress ahead of IPO

Gross bad loans of LIC jumped almost five times in eight years through FY19 to as high as 6.15%.

LIC, bad debt, LIC bad debit profit, LIC profits, NPA ratio, IPO News

Higher Dividend: 60 firms can return Rs 88,600 crore to shareholders

Of the 60 companies, just five aggregate over 50% of the total incremental distributable cash of Rs 88,600 crore (see chart).

Higher Dividend, IiAS, S&P BSE 500, BSE 500 companies News

Delhi Elections 2020: Exit Polls show AAP set for sweeping win, BJP to improve 2015 seat tally

The past month had seen two very different campaigns run by the AAP and BJP — with the former asking people to vote on the basis of its work, and the latter focusing its campaign around Shaheen Bagh

Delhi Elections 2020, Exit polls, Delhi assembly election, Arvind Kejriwal, Aam Aadmi Party, BJP, Congress, Shaheen Bagh, Manish Sisodia News

‘Macroeconomy strong, Budget 2020 will act as catalyst’: FM Nirmala Sitharaman says govt working to achieve 8% growth

Budget 2020 India: The equity, bond and currency markets have done well after the Budget presentation on February 1.

Budget, Nirmala Sitharaman, FDI, finance ministry, GST collections, MSME News

Coronavirus effect: Handset makers rattled, scheduled smartphone launches likely to be delayed; Check details

It is learnt that some Chinese companies are in process of re-scheduling smartphone launch dates for this month.

Coronavirus effect, Handset makers, smartphone launches, Chinese new year holidays, Oppo, Vivo, TechARC News

Across the aisle: Budget 2020 like a movie that bombed on opening day

Budget 2020 India: If the FM did not heed the advice of the CEA or the economists or yield to the demands of businesspersons, it was because of the following reasons:

Budget 2020, P Chidambaram, nirmla sitharaman, Economic Survey, Finance Minister, CEA, GST,  Ujjwala Yojana, Swachh Bharat Mission, GDP News

Indian taxpayers mature enough, no longer need policy nudge for savings: FM Nirmala Sitharaman

‘Using tax sops to influence investment decisions is old-fashioned, don’t want to limit taxpayers’ options in such a manner’

Indian taxpayers, Nirmala Sitharaman, PIT regime, ELSS, FRDI Bill, PSB, LTCG, insurance policies News

SBI cuts MCLR by 5 bps; term deposit rates also slashed

With the introduction of long-term repo operations, the banks’ dependence on term deposits has been reduced as borrowing from the RBI can be done at a cheaper price.

SBI, MCLR, RBI policy, MSME, Shaktikanta Das, RBI governor, Rajnish Kumar News

RBI plan: Equal share for 2 tenors in 1st tranche of long term repo operations

The central bank clearly stated that banks would be required to place their requests for the amount sought under LTRO at the prevailing policy repo rate and bids below or above the policy rate will be

RBI plan, LTRO, policy repo rate, financial crisis, market conditions News

Final boost: Central public sector enterprises scale up capital expenditure; move to push FY20 GDP

Economic expansion is estimated to crawl to just 5.7% in FY20, the lowest since FY13, as a slowdown in investment and private consumption might linger through the second half of the fiscal.

economic growth rate, NHAI, railways, CPSE, BMTPC, HPCL, capital expenditure News

Real estate slowdown: Mumbai to boost revenue by taxing garbage collection

Deteriorating finances in Mumbai — whose budget is bigger than several of the states — bodes ill for India’s economic revival because local expenditure has a bigger impact than that by Prime Min

Real estate slowdown, Mumbai, taxing garbage collection, Municipal Corporation of Greater Mumbai, New York, Marine Lines, Reserve Bank of India News

RBI goes for no rate cut, but loans to become cheaper — Here’s why

A general softening of yields, across the curve, is expected as is a spillover to the short-term corporate bond markets.

Economy News

Google, YouTube, WhatsApp must tackle fake news: Ravi Shankar Prasad

Speaking to the Indian Express group executive director, Anant Goenka, at the IAMAI India Digital Summit, Prasad said that the digital world is pious and pure and is very empowering also but if fake n

Google, YouTube, WhatsApp, IT minister, Ravi Shankar Prasad, fake news, IAMAI India Digital Summit, Silicon Valley News

RCEP return hope ebbs as India skips meeting in Bali

The Asean secretariat had last month invited New Delhi to the Bali meeting, scheduled for February 3 and 4.

RCEP, Bali, New Delhi, China, RCEP talks, RCEP pact, Chinese goods, anti-dumping tools News

MSME Restructuring Window: Delay in recognition of Rs 16,000 crore NPAs likely

Credit and Finance for MSMEs: The restructuring window was to end on March 31, 2020, but the government would ask RBI to consider extending it till March 31, 2021, finance minister Nirmala Sitharaman

Industry News

Vivad se Vishwas: Note ban cases to add over Rs 2.5 lakh crore to Income Tax disputes

Govt hopes a section of people with unexplained cash deposits might use Vivad Se Vishwas to escape costlier route of litigation

Vivad se Vishwas, Note ban, personal income tax disputes, Vivad Se Vishwas scheme, Income Tax Act, PAN holders, post-demonetsation News

Vivad se Vishwas relief for taxpayers: No interest or penalty till March end; Read Details

The scheme provides that if a taxpayer avails it by March 31, 2020, then he would get complete waiver of interest and penalty.

Vivad se Vishwas, Direct Tax Vivad Se Vishwas Bill, Supreme Court, tax arrears, CBDT, Income Tax Appellate Tribunal News

Digital surpasses print to become 2nd largest advertising medium after TV

The ad industry is estimated to grow at 10.7% during the year. Digital media is estimated to grow at a rate of 26%, outpacing traditional media such as TV, radio and outdoor advertising which are grow

Digital, advertising spends, digital media, GroupM report, Google, facebook, advertising medium, TV News
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