Page 12 - India Gdp

All options open to govt to monetise deficit under RBI guidance: N K Singh

He said all options should be open to the sovereign in consultation with the Reserve Bank of India (RBI)

Tourism, restaurant sectors unhappy with no provisions in stimulus package

Online ordering of food has taken a hit as most restaurants and hotels continue to remain closed due to lack of labour or the increased risk to the staff due to the coronavirus

Nifty FY22 EPS set to surge between 10% and 30% despite economic shock

The brokerage highlights how the share of Nifty companies' profit in GDP and GVA (gross added value) has been meagre and falling. From a share of 2.8 per cent of GDP, it is now at 2 per cent

Great social divide: A new normal post Covid-19

Economic and social activities will come out from slumber in the coming weeks

Deep Dive with AKB: Govt's Rs 20-trn package to fight Covid-19 slump

Additional borrowing to widen fiscal deficit, but help govt perk up economy

He did not think that the move will crowd out borrowings of the private sector, saying demand of the government and the private sector are not contradictory in these circumstances

Don't eulogise GST for what it isn't

Regarding revenue realisation, there was a huge expectation that GST would lead to checking of leakage of revenue

Centre's policies on lockdown confusing, arbitrary: Mamata Banerjee

Will follow Centre's orders but it has to be 'proper, transparent and without any political interference', says chief minister.

Finance panel's advisory council bats for support to small players, NBFCs

The Commission will wait for gross domestic product (GDP) data in the January-March and April-June quarters before finalising its reports to the government for 2021-22 to 2025-26

Markets, economy take divergent paths amid Covid-19 uncertainties

The latest rebound in the market has come on the back of a sharp 40 per cent correction in the preceding one-month period with valuations for most stocks plunging to multi-year lows

India could use 3-5% of GDP stabilising economy: World Bank economists

The lockdown of economies around the world causes a much sharper decline in economic activity than in normal recessions, says World Bank chief economist south Asia region, Hans Timmer

States want up to Rs 10-trn package from Centre, deficit financing from RBI

Last month, Union Finance Minister Nirmala Sitharaman had announced a Rs 1.70 trillion central package

Covid-19: India FY21 growth projection down 20 bps to 4.8%, says UN report

India's GDP growth for the fiscal year 2019-2020 was estimated at 5 per cent and is forecast to slow down to 4.8 per cent for the current fiscal 2020-21.

Economic impact of Coronavirus: Bad in Jan-March, worse in April-June

GDP growth for the current quarter estimated at 4.3%, is seen dropping to sub-4% levels in the coming three-month period

A snapshot: Insurance sector has undergone a sea change, but issues remain

Business Standard brings you a snapshot of the Indian insurance industry

Markets cheerful despite slump in GDP growth, Sensex up 7%: Economic Survey

The Indian stock market continues to be upbeat about the country's growth prospects, despite deceleration in GDP growth for the sixth consecutive quarter, the Economic Survey 2019-2020 said, adding that the BSE Sensex has increased 7 per cent till December 2019 over March. "This may also reflect the growing perception of India becoming an attractive destination for investment in the backdrop of a decline in the growth of major economies of the world and continued easing of monetary policy by the US Fed," it said on Friday. "Despite the deceleration in GDP growth for the sixth consecutive quarter, the stock market continues to be upbeat about the country's growth prospects," the Survey said. The net FDI and net Foreign Portfolio Investment (FPI) in first eight months of 2019-20 stood at USD 24.4 billion and USD 12.6 billion respectively, more than the inflows received in the corresponding period of 2018-19, it added. Benchmark indices Nifty50 and S&P BSE Sensex reached record highs

Blocking Huawei from rolling out 5G may cause $4.7 bn loss to India by 2035

The Chinese telecom firm, however, has been allowed to participate in 5G trials in India and the Indian government has not taken any stand yet to bar the company from building 5G network.

RBI may discuss interim dividend issue in board meet amid revenue shortfall

If the RBI board agrees to interim dividend based on their six-month performance, it would provide some financial relief to the government, sources added.

Govt sees nominal GDP at 12.2% till FY25; assuming average inflation of 4%

The Centre's budgetary support as a percentage of nominal GDP is expected to grow from 0.74% in 2019-20 to 1.11% in 2024-25

Current account deficit shrinks to 0.9% of GDP in July-Sept quarter: RBI

Foreign portfolio investment recorded net inflow of $2.5 billion, against an outflow of $1.6 billion in the year-ago quarter, due to higher flow in the debt market.