Page 16 - India Economy

Best of BS Opinion: Administration in intensive care, power crisis & more

Here's a selection of Business Standard opinion pieces for the day

SMEs destroyed, firms under stress; had warned of economic tsunami: Rahul

In a tweet, Gandhi also claimed that banks are in distress and attacked the BJP for ridiculing him for highlighting the issue of NPAs a few months ago

A tentative recovery

Data suggests that the economy is bottoming out

India's fiscal deficit at Rs 4.66 trn, 58.6% of annual target in 2 months

Net tax receipts during April-May period were Rs 33,850 cr, while total expenditure was Rs 5.12 trillion

Weekly economic indicators: Spike in retail footfalls, net use tones down

Some moderation in gains even as unlock continues

India's farm trade may rebound in second half of 2020: Fitch Solutions

Stating that the farm trade was greatly disrupted during the lockdown due to logistic issues, Fitch Solutions said both exports and imports collapsed over March-June

The mythology of fear

Instead of its once haloed existence as the year of lofty goals and vision statements, it is now staring at an epitaph that may well read: The year when death ran amok and the gods went missing.

Best of BS Opinion: Pending agri reform, India's GDP growth, and more

Here's a selection of Business Standard opinion pieces of the day.

Internet speed to traffic data: What weekly indicators say about economy

Freight traffic has gone up; Google location data shows more people are stepping out of their homes.

Covid-19: India's services PMI improves from April lows to 12.6 in May

Services activity in the country has suffered a lot amid back-to-back nationwide lockdowns to prevent the spread of coronavirus.

Pandemic matters much more for mkts, economies than trade war: Dan Fineman

'From a six-12 month view, the markets can rise above the current levels on easing lockdowns and aggressive policy response'

Crisis growing as GDP data signals weakening demand, growth impulses

India's economy was already slowing down before it entered the Covid-19 year of 2020-21, writes D K Srivastava.

Fitch forecasts 5% contraction of Indian economy over slump, lockdown

Fitch said it has made further cuts to world GDP forecasts in its latest Global Economic Outlook (GEO) for May, but the slump in global economic activity is close to reaching its trough

Global agency DBRS Morningstar assigns BBB sovereign ratings to India

A BBB rating means that "the capacity for the payment of financial obligations is considered acceptable. May be vulnerable to future events"

Covid-19 impact: JSW Energy puts GMR Kamalanga acquisition on hold

In February, JSW Energy said it would acquire GMR's Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore.

Small businesses to taxpayers get share in govt's stimulus package

Dates for filing income tax returns and other assessments extended as Finance Minister lists details of Rs 20 trillion help for economy.

Maharashtra govt announces measures to meet expenditures, shore up revenue

The state's finance department on Monday issued a government resolution (GR) outlining a slew of measures it has undertaken to prevent its coffers from getting depleted further

Bengaluru's tent house owners, wedding organisers bearing brunt of lockdown

The event managers and organisers are incurring huge losses as most of the wedding events were scheduled to be organised during the summer season

Letter to BS: Any delay in unshackling the economy could be harmful

The situation demands side-pocketing of the provisions of the Fiscal Responsibility and Budget Management Act, urgent clearance of goods and services tax dues to the states

Covid-19 fallout: UBS pegs FY21 India growth at -0.4%, a four decade low

The worst-case scenario, assumes that coronavirus (Covid-19) will continue to spread, possibly in waves, all the way through to mid-2021