Page 10 - Economy
Delinquencies in NBFCs may rise by 50-250 bps in FY21: Crisil
RBI's loan restructuring will soften the blow on reported GNPAs but the underlying challenges will continue
 "Delinquencies in NBFCs may rise by 50-250 bps in FY21: Crisil")
Huge liquidity surplus unlikely to be inflationary, say economists
Instead of pushing up inflation, the huge surplus liquidity, bordering at Rs 7 trillion daily, is helping in policy rate transmission and aiding govt to borrow at a cheaper rate
 "Huge liquidity surplus unlikely to be inflationary, say economists")
The year unconventional monetary policy turned conventional, India to US
With the global recovery still uncertain and the virus set to leave scars on employers and employees, the likelihood is that monetary policy will stay ultra-loose for years to come
 "The year unconventional monetary policy turned conventional, India to US")
Amid Covid-19 headwinds, Adityanath reaffirms trillion-dollar economy goal
UP to float global tender for selecting a consultant for ambitious task
 "Amid Covid-19 headwinds, Adityanath reaffirms trillion-dollar economy goal")
UAE issues decree to end Israel boycott, allows economic agreements
Based on the decree, it will be permissible to enter, exchange or possess Israeli goods and products of all kinds in the UAE and trade in them
 "UAE issues decree to end Israel boycott, allows economic agreements")
Sri Lanka extends debt moratorium for Covid-19 hit tourism sector
Sri Lanka's international airports remain closed to foreign tourists, with zero arrivals recorded since May, as the government continues to keep a tight lid in order to eradicate the pandemic
 "Sri Lanka extends debt moratorium for Covid-19 hit tourism sector")
Economy shrinks only 3% despite coronavirus pandemic: Iran Prez Rouhani
Iranian President Hassan Rouhani said that Iran's economy has contracted by only three per cent despite the COVID-19 pandemic, Tasnim news agency reported.
 "Economy shrinks only 3% despite coronavirus pandemic: Iran Prez Rouhani")
Japan economy shrinks 27.8% in April-June as Covid-19 slams consumption
Japanese media reported the latest drop was the worst since World War II
 "Japan economy shrinks 27.8% in April-June as Covid-19 slams consumption")
Karnataka GSDP may touch Rs 35 trn in five year: Deputy CM Narayan
Karnataka's Gross State Domestic Product (GSDP) may touch Rs 35 lakh crore in the next five years notwithstanding the COVID-19 pandemic impact, state Deputy Chief Minister Dr C N Ashwath Narayan
 "Karnataka GSDP may touch Rs 35 trn in five year: Deputy CM Narayan")
Indonesia's economy contracts for the first time since 1999 in Q2
The economy had been expected to shrink 4.61%, according to a Reuters poll of economists, after growing by 2.97% year-on-year in the first quarter
IMF chief warns global economy 'not out of the woods,' dangers lurk
In a report to the G20, the IMF warned that rising protectionism and renewed trade tensions endangered the recovery
 "IMF chief warns global economy 'not out of the woods,' dangers lurk")
Emerging market FX pickup exposed to reversal after new virus surge: Report
The real, the rouble and the rupee are on the spot as infections of Covid-19, the illness caused by the virus, pile up in Brazil, Russia and India
Line and length: Indian capital is an orphan, and so is Indian labour
India is a textbook example of a contradiction of Hegelian proportions: a highly desirable liberal political world view that has led to highly undesirable and utterly illiberal economics
POSist announces Digital Ordering Technology and COVID-19 waiver for customers
POSist announces Digital Ordering Technology and COVID-19 waiver for customers
 "POSist announces Digital Ordering Technology and COVID-19 waiver for customers")
Alberto Alesina, RIP: One of the best economists of the last generation
Alesina was to post-1945 political economy what Einstein was to physics
 "Alberto Alesina, RIP: One of the best economists of the last generation")
The results are in for the sharing economy. They are ugly
Lyft, Uber and Airbnb depend on travel, vacations and gatherings. That's a problem when much of the world is staying home
 "The results are in for the sharing economy. They are ugly")
World coronavirus dispatch: How the wealth management industry is changing
From US-China talks to end trade deadlock, to FDA nod for Moderna drug's Phase-II trials, and an Amsterdam restaurant with 'quarantine greenhouses' - read these and more in today's world dispatch
 "World coronavirus dispatch: How the wealth management industry is changing")
World coronavirus dispatch: Hottest Silicon Valley start-ups are on sale
From the likelihood of European economy staying below last year's level through 2022, to the future of air travel for average travel - read these and more in today's world dispatch
 "World coronavirus dispatch: Hottest Silicon Valley start-ups are on sale")
IMF, World Bank release funds to aid Covid-19 battle: These nations benefit
More than 2.14 million people in more than 210 countries and territories have been reported to be infected by the coronavirus globally, and as many as 143,744 have died so far
 "IMF, World Bank release funds to aid Covid-19 battle: These nations benefit")
Road construction relaxation not enough to buy related stocks, say analysts
The relaxation will not help many of the listed players and it will be a while before activity begins for them. There coud be labour-related issues.
 "Road construction relaxation not enough to buy related stocks, say analysts")
