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  News for fy2020

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'Lockdown unlikely to contain COVID-19 surge in India'

India extending the nationwide lockdown by nearly three more weeks to May 3 is unlikely to stem the surge in coronavirus infections and economic and humanitarian crisis will exacerbate due to slow......

HUL's strong Q2 results signal revival of demand

Hindustan Unilever Ltd, India's largest personal care product maker, on Tuesday reported a better-than-expected increase in its September quarter net profit and revenues, signalling a revival of......

'To get back to 6-7% GDP growth will take a couple of years'

'The current economic contraction is certainly due to the lockdowns as a response to the pandemic, which is an act of God.''Nobody has seen such a thing in the last 100 years.''Saying that this was......

GDP collapse: 'Policy paralysis in this government'

'It is not simply demonetisation or GST, it is this government's failure to manage the financial sector crisis.' Illustration: Dominic Xavier/Rediff.com   "Many, many, people are looking at......

Will drive-in theatres replace the multiplex?

PVR Cinemas is in the process of building one at the Jio Center in Bandra Kurla Complex. This theatre will be on the top of the mall and should be able to accommodate 300 cars, and is expected to......

Forex reserves climb to all-time high of $534.5 bn

Gold reserves were up by $1.525 billion in the reporting week to $37.625 billion. The country's foreign exchange reserves hit an all-time high of $534.568 billion after surging by massive $11.938......
  Web results for fy2020
Telangana to revise budget for FY 2020-21 amid revenue drop due to covid

Following a meeting with officials of the state’s finance ministry on Friday, chief minister K Chandrasekhar Rao has instructed officials to take... ...

https://www.hindustantimes.com/india-news/telangana-to-revise-budget-for-fy-2020-21-amid-revenue-drop-due-to-covid/story-zU8gpGfTwm5QX9tb1jGUmI.html
Focus on state policies

by Harish KrishnanTalk about consumption taxes, and invariably knives come out as to how they are prohibitively high in India. No doubt GoI taxes... ...

https://economictimes.indiatimes.com/news/economy/policy/view-economic-policy-isnt-a-centre-only-affair-time-to-pay-attention-to-states-policy-too/articleshow/78775423.cms
HUL's strong Q2 results signal revival of demand

Hindustan Unilever Ltd, India's largest personal care product maker, on Tuesday reported a better-than-expected increase in its September quarter... ...

http://www.rediff.com/money/report/huls-strong-q2-results-signal-revival-of-demand/20201020.htm
RBI data

In FY2020, the share of paper clearing in total retail payments plunged to just 2.96 per cent in terms of volume and to 20.08 per cent in terms of... ...

https://economictimes.indiatimes.com/industry/banking/finance/banking/retail-cheque-payments-down-to-a-trickle-in-fy20-to-2-96-rbi-data/articleshow/78731214.cms
Icra

The auto component industry was already impacted by muted demand in FY2020, with the industry witnessing 16 months of decline in volumes pre-COVID... ...

https://economictimes.indiatimes.com/industry/auto/auto-components/auto-component-makers-likely-to-remain-subdued-in-september-quarter-icra/articleshow/78555101.cms

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