Economy

S&P lowers India’s growth outlook to 9.5%

Global firm, S&P on Thursday lowered India’s growth forecast to 9.5 per cent during current fiscal. It also said that considering lower vaccination, pandemic waves are posing risk to outlook. On Wednesday, another global firm, Moody’s Investor Services said overall economic effect of the second wave was milder than that during the first wave of […]

Economy

Households saved less again in Q3 of FY21, borrowed more

The preliminary estimate of household financial savings stood at 8.2 per cent of GDP in the third quarter of 2020-21, moderating for the second consecutive quarter after spiking in the pandemic-hit first quarter of 2020-21, data from the RBI show. The moderation was driven by a significant weakening in the flow of household financial assets, […]

Economy

FDI inflows plunged 35% globally in 2020: UNCTAD

Rise in foreign direct investment (FDI) inflows to countries such as India, Hong Kong and China helped fuel a 4 per cent increase in flows into developing Asia to $520 billion in 2020, defying the Covid-19 pandemic that shrank global FDI flows by 35 per cent to $1 trillion from $1.5 trillion in 2019, according […]

Economy

Govt open to more measures to boost economy: CEA

The government is open to coming out with more measures to boost the economy which has been hit by the second wave of the coronavirus pandemic, says Chief Economic Advisor (CEA) K V Subramanian. He, however, added that the demand for a fresh stimulus package has to be considered against the backdrop of a host […]

Economy

Easier minimum public offer norms come into effect

The Finance Ministry has notified the relaxed minimum public offer norms for large companies planning to enter the stock market. This is mainly intended to facilitate the Initial Public Offer (IPO) of Life Insurance Corporation of India (LIC). This is also likely to push disinvestment of bigger Central Public Sector Undertakings. Simultaneously, the Ministry also […]