Without a meaningful increase in revenues, it might be difficult for companies to expand operating margins further since purchasing power in urban demand appears to be somewhat muted.
As CEA, Krishnamurthy V Subramanian is a key influencer on economic policy-making in India.
Speaking at the Idea Exchange organised by The Indian Express, Chief Economic Adviser Krishnamurthy Subramanian said enhanced fiscal space could be used to push demand by focusing primarily on infrastructure.
he rising number of claims and widening of illnesses under health policies have also pushed up premiums by up to 100 per cent, raising concern among senior citizens.
According to a government release, Pradhan said the call from industry to include LNG under the indirect tax regime was a genuine demand and that a consensus was likely to develop on the issue soon.
Finance Minister Nirmala Sitharaman also stressed on the need for more digital transactions so that they are monitorable and the gross domestic product (GDP) is not underestimated.
A senior executive at a fintech firm said banks were also concerned about the load that a sudden rise in transaction volumes could put on their systems.
With Rajasthan joining in, 22 states and 3 UTs have opted for the borrowing plan proposed by the Centre to meet the `1.83 lakh crore shortfall. Kerala, Punjab, West Bengal, Chhattisgarh, Jharkhand are yet to pick their option.
The Nikkei/IHS Markit Services Purchasing Managers' Index climbed to 54.1 in October from September's 49.8. It was the highest reading since February and comfortably above the 50-mark separating growth from contraction.
As per a release, VGIR 2020 will focus on discussions around India’s economic and investment outlook and the government’s vision for the path to a $ 5 trillion economy.
Economic Affairs Secretary Tarun Bajaj said the government expects high price levels to cool down with the arrivals of the new crop, adding that another round of stimulus measures is likely to be unveiled shortly.
This lends some credence to the notion that the economy may be healing faster from the Covid-induced shock than anticipated earlier.
The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) rose from 56.8 in September to 58.9 in October, and pointed to the strongest improvement in the health of the sector in over a decade.
But overall, data show y-o-y 20.2% decline during April-October
During the Navratri period, while MSI retailed nearly 60 per cent of its total domestic sales in October, Hyundai retailed nearly 50 per cent of its domestic sales in the 10-day period.
The Reserve Bank of India (RBI), in an affidavit filed through Assistant General Manager Prasanta Kumar Das, referred to the October 23 additional response of the Ministry of Finance and said the federal bank has also acted in pursuance of that by issuing a notification to banks and FIs recently on refund of extra money to the borrowers.
The revenue for the month is 10 per cent higher than Rs 95,379 crore collected in the same month last year.
During the reporting week, the surge in the forex kitty was mainly on account of an increase in foreign currency assets (FCA), a major component of the overall reserves.
The 3 per cent growth in the September quarter, Mehta said, came from 80 per cent of HUL’s portfolio — food, nutrition and hygiene products — growing at 10 per cent.
In its draft rules, the Labour and Employment Ministry has proposed changes in the conditions for workers to stirke.
Speaking at the Express e-Adda organised by The Indian Express, Kotak said sectors including consumer goods, e-commerce, IT, digital, telecom, and pharmaceuticals were doing much better, while aviation, tourism, hospitality, and some general services were facing challenges.
As per the quarterly Periodic Labour Force Survey, urban joblessness in the 15-29 age group was 19.2% in October-December, below 20.6% in July-September 2019.
In September 2019, the production of eight core sectors had shrunk 5.1 per cent, data released by the Commerce and Industry Ministry showed on Thursday.
To discuss the way forward and reforms needed to boost growth, Uday Kotak, MD & CEO, Kotak Mahindra Bank, and President, Confederation of Indian Industry (CII), will be the guest at the Express e-Adda Thursday.
The MSME sector should make use of technology, innovation, research, Gadkari said.