To help revive the economy battered by COVID-19, Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the MSME sector facing liquidity crunch. Sharing the details of stimulus package, the finance minister said this comprises eight relief measures and other eight measures to support the economic growth. She announced Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors, including health sector, which includes guarantee cover for expansion or for new projects. Besides, she said, additional Rs 1.5 lakh crore limit enhancement done for Emergency Credit Line Guarantee Scheme (ECLGS) scheme.
No plaque marks the historic meeting place of the fathers of two nations. And no history textbook tells us about that first meeting and their mutual admiration, common ethos and comradeship.
Set a near impossible victory target of 490 on a track that is offering help for the spinners, Jharkhand were 28 for one in their second innings with two full days' play left and 462 runs to get.
Economists, however, caution against interpreting the data as a broad-based revival
Former India opener Gautam Gambhir believes his former IPL franchise Kolkata Knight Riders doesn't have enough back-up options and the team management could have gone for all-rounders in the players' auction to provide the squad more depth. Gambhir said KKR don't have the bench strength to deal with any injury crisis in the top order.
Govt squeezed capital expenditure, and also cut revenue expenditure, that does not go into creating assets, by 11% in H1
Justice Rajiv Shakdher, who was hearing a plea by Bollywood producers seeking to restrain them from making irresponsible remarks, listed the matter before the Joint registrar for January 18 for completion of pleadings and admission/denial of documents.
In Thursday's IPL auction in Kolkata, his base prize was Rs 30 lakh but eventually was sold for Rs 4 crore to Kolkata Knight Riders.
India A conceded a slender 47-run first-innings lead to the West Indies A despite a fighting half-century by Uday Kaul on the third day of the second unofficial Test in Shimoga.
Yuvraj Singh breezed his way to a 56-ball 84 and gave the national selectors another timely reminder of his worth, even as Abhishek Nayar slammed a 39-ball 75, to take India Blue to the final of the NKP Salve Challenger Series with a 11-run win over India Red in Indore on Friday.
Outlay for infra is also expected to see a significant increase in view of the government's Rs 111-trillion investment plan under the national infrastructure pipeline to develop social and economic infrastructure over five years.
The deficit for the first five months of the year stood at 96 per cent of the full-year target of Rs 5.46 lakh crore despite cut in capital expenditure in August.
The record contraction in the growth rate of eight core sectors will have its impact on IIP.
The ministry of health and family welfare spent Rs 3,948 crore in May this year compared to Rs 7,816 crore in the corresponding month of the previous year. On the other hand, at Rs 12,930 crore, the expenditure had risen almost 200 per cent in April against Rs 4,327 crore in the corresponding month of 2019-20.
Imports too declined 26 per cent to $29.47 billion in August, leaving a trade deficit of $6.77 billion.
Check out the Rajasthan Royals squad for the eighth edition of the Indian Premier League.
India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.
Mop up grows 10% y-o-y at Rs 1.05 trillion, almost equal to levels in February before a nationwide lockdown to contain the coronavirus pandemic
The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
Moody's listed six agenda on the list of pending reforms -- land acquisition Bill, labour law reforms, significant infrastructure investment, tangible benefit from Make in India initiative, tax administration and PSU bank reforms
Inflation in 'fuel and power' basket rose sharply to 11.22 per cent in May from 7.85 per cent in April as prices of domestic fuel increased in line with rising global crude oil rates.
Sectors with positive growth during the month include rice, iron ore, oil seeds, oil meals, meat, dairy and poultry products, pharmaceuticals, coffee, engineering goods, and plastic.
A summary of Wednesday's play in the Ranji Trophy Super League matches.
Veteran pacer Zaheer Khan's sensational three-wicket burst helped India 'A' crush West Indies 'A' by an innings and 54 runs in the third and final unofficial Test to level the three-match series, in Hubli.
Ajinkya Rahane and his Mumbai teammate Suryakumar Yadav went under the hammer for Rs 7 lakh each.
NCA came into the picture at just the right time to rebuild their bodies and careers.
The immediate revenue loss could worsen the Centre's fiscal deficit, from the budgeted 3.3 per cent of gross domestic product (GDP) to 3.7 per cent of GDP -- a massive 40-basis-point increase. It was stabilised at 3.4 per cent since 2016-17, report Abhishek Waghmare and Dilasha Seth.
Kishore Biyani-led Future Retail Ltd (FRL) on Thursday told the Delhi high court that Amazon was opposing the Rs 24,713 crore deal with Reliance as the Mukesh Ambani company was a competitor, a contention denied by the US-based e-commerce giant which said it was interested in salvaging FRL. FRL contended before a bench of Chief Justice D N Patel and Justice Jyoti Singh that Amazon was not concerned if the deal falls through then all the shops of the Indian company would be closed down and it's more than 25,000 employees would be without any livelihood. Senior advocate Harish Salve, appearing for FRL, told the court that the US-based e-commerce giant was only concerned that the Mukesh Ambani group company should not get the shops as they are a competitor of Amazon.
While the farmers are not getting remunerative prices for their produce, at the same time they are forced to pay high prices for items they consume.
Experts warn of over-interpreting the numbers and said their sustainability needed to be watched beyond November, says Indivjal Dhasmana.
'The real lifting of the economy will happen only if this momentum sustains in the coming months.'
Such a disruption will take the clock back by many years - in terms of passengers handled - for these airports, thus raising questions among some of the airport operators over a delay in expansion plans.
The inflation in the food basket spiked to 7.89 per cent in October 2019 as against 5.11 per cent the preceding month.
Parthiv Patel led from the front and got good support from Manprit Juneja to help Gujarat take a handy 63-run lead over defending champions Mumbai at stumps on Day 2 of the Ranji Trophy final in Indore on Wednesday.
Leg spinner Pravin Tambe was on Monday surprisingly included in the Mumbai Ranji Trophy team to take on Jharkhand in the four-day Group A match starting at the Wankhede Stadium in Mumbai on December 6.
It's a difficult time for banks both at home and abroad. But Sanjay Nayar, Chief Executive Officer, Citi India, shrugs off Citigroup's problems in the US saying they haven't really impacted the Indian operations. Nayar admits there have been a few problems with the consumer finance business but tells Business Standard that Citi's India operations are well-positioned to see double digit growth over the next few years.
Mumbai will be without injured pace bowler Dhawal Kulkarni for their Ranji Trophy semi-final against Madhya Pradesh, starting February 13, at Cuttack.
The mismatch between PMI and core sector could also be due to the fact that while core sector is calculated year-on-year, PMI is calculated month-on-month.
Henry Kravis, co-founder of global private equity firm Kohlberg Kravis Roberts & Co, thinks India should go for a bad bank to deal with bad assets in banks. In an interaction with journalists in Delhi, he says there are plenty of opportunities in India. He was joined by India CEO Sanjay Nayar.
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