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Volatile commodity prices posing challenges to economic recovery: Ind-Ra
The sustained pace of rising commodity prices is likely to pose challenges for the financial market, by way of abrupt volatility in key commodity prices such as crude oil, says India Ratings and Research (Ind-Ra) report.Read more
Capex cycle likely to be back, but...
According to The Economic Times report, listed Indian corporates reported record reserves and surplus of Rs 66.04 trillion as of March 31, 2021, up 17 per cent from Rs 56.48 trillion as of March 31, 2020.Read more
Samsung expands Vietnam factory to increase foldables production
Samsung plans to begin the expansion soon, with full operation expected by the end of 2021 or early 2022. It would increase Samsung’s annual foldable production capacity by 47%, from 17mn to 25mn.Read more
India may benefit from G-7 countries’ minimum 15% Corporate Tax Pact
Experts feel that India is likely to benefit from the global minimum 15% corporate tax rate pact inked by the world's richest G-7 nations. It is a landmark step toward reforming the global tax system.Read more
Sivasubramanian Ramann takes charge as the new SIDBI CMD
His appointment will be effective for a period of three years.Read more
IMF: India's projected growth rate is 4.1 per cent higher than that for China
These numbers precede the current wave of the virus, which is quite concerning.Read more
Time to invest and build capacity
As per the data released recently, the manufacturing and construction sectors grew by 1.6 per cent and 7.7 per cent, respectively, during the December quarter. However, core sector data showed growth in eight infrastructure sectors slowing down to 0.1 per cent in January from 0.2 per cent in the previous month.Read more
Budget 2021's focus on economic revival to increase demand for automobiles
While voluntary vehicle scrapping policy, augmenting public transport system, etc were positives of the Budget 2021-22, some feel that increasing duties on auto components would increase production cost.Read more
India’s GDP to grow 11% in 2021-22: Economic Survey
V-Shaped economic recovery to be driven by mega vaccination drive, robust recovery in the services sector, robust growth in consumption and investment. Agriculture to clock 3.4% growth in 2020-21, while industry and services to contract by 9.6% and 8.8% respectively.Read more
CBIC introduces Liberalised Authorised Economic Operator Package for MSMEs
The scheme aims to attract MSMEs to become Authorised Economic Operators (AEOs) and avail the various benefits. CBIC has relaxed the compliance criteria provided the MSMEs have a valid certificate from their line-Ministry.Read more