Economy
Public sector banks, which account for over 80 per cent of the NPAs in the system, alone could see gross NPAs climb down over 400 bps to approximately 10.6 per cent by March 2020, from a peak of 14.6 per cent in March 2018. (Photo: Representational)
By March 2020, banks’ gross NPAs to reduce to 8 per cent
27 Jun 2019 2:02 PM

The banking system saw gross NPAs reaching a peak of 11.5 per cent in March 2018. In March 2019 NPAs stood at 9.3 per cent.

Piyush Goyal said "we believe" that the US decision of withdrawing GSP (Generalised System of Preferences) benefits "is not exactly as per the norms of WTO and GATT which have been mutually agreed and which are multilateral trade agreements". (Photo: File)
India won't bargain national interest in trade talks with US: Goyal
27 Jun 2019 9:45 AM

India exported goods worth over USD 6 billion under GSP in 2018.

RBI in its fifth bi-monthly monetary policy statement for 2018-19 in December had announced to set up the committee to propose long-term solutions, for the economic and financial sustainability of the MSME sector.
RBI panel on MSME suggests Rs 15,000 cr fund to support industry
26 Jun 2019 4:34 PM

The contribution of the sector in the economy is currently constrained due to several challenges affecting growth in the sector.

In a written reply to Lok Sabha, Mines Minister Pralhad Joshi said in 2018-19 India produced 206.4 MT iron ore while in 2017-18 the output was 200.9 MT. (Photo: File)
No shortage of iron ore in country: Mines Minister
26 Jun 2019 4:06 PM

As on date, 20 iron ore blocks -- having a reserve of 583.057 MT -- have been auctioned.

The survey showed that Indian businesses have the greatest investment appetite across the 14 markets and none mentioned any plans to decrease their level of investment.
Indian companies optimistic about their growth prospects: HSBC
26 Jun 2019 3:06 PM

Survey showed that businesses in India are very optimistic about their growth prospects, despite subdued macro-economic conditions.

I'm biased, of course, but the auto industry is one such 'Mandara'. It has a huge multiplier effect on small companies & on employment. Lowering GST would help, tweeted Anand Mahindra.
Lowering GST on automobiles would help the economy: Anand Mahindra
26 Jun 2019 1:37 PM

Vehicle sales across categories registered a decline of 8.62 per cent to 20,86,358 units from 22,83,262 units in May 2018.

Nomura gave a higher, 25 per cent probability for the money to be used for retiring public debt with the RBI.
Govt likely to use Rs 3 trillion RBI windfall to pay regular bills
25 Jun 2019 5:02 PM

Market expectations suggest Rs 3 lakh crore distributed staggered over years.

Panagariya, who served as the first Vice Chairman of the NITI Aayog from January 2015 to August 2017, underscored that for trade to grow, the country has to be open. (Photo: File)
Export-led growth very critical for good jobs in India: Arvind Panagariya
25 Jun 2019 4:56 PM

We need to get to 8-10 per cent growth if good jobs are going to be provided, said Arvind Panagariya.

If we can double the oil production and raise gold output to 300 tonnes, the entire current account deficit (CAD) will be wiped out, said Anil Agarwal. (Photo: File)
Privatise mining to cut back USD 400 bn of imports: Vedanta's Anil Agarwal
25 Jun 2019 11:05 AM

Vedanta's Anil Agarwal asserted that increased mining can add USD 500 billion to the economy and create two crore jobs.

The RBI has over Rs 9.6 lakh crore surplus capital with it.
Jalan panel on RBI's capital size again defers report submission till Budget
24 Jun 2019 7:39 PM

The ECF panel will meet again in July and will submit the report post Budget.


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