‘Data rich’ and looking for loan? Niti Aayog’s new data-sharing framework could help
Under the proposed DEPA, Indians who have no access to formal credit due to lack of collateral will be able to apply for loans using several types of digital documents.
Fitch Ratings project 10.5% contraction of Indian economy this fiscal year
India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdown.
Why foreigners are pouring money into Indian stocks even though economy is sinking
Improvement in business activity from July, after lockdown curbs were eased, has been a key factor in keeping investors interested.
Govt needs to be scared out of complacency & Q1 contraction could do that, Raghuram Rajan says
Former RBI governor Raghuram Rajan says saving resources now for future use is self-defeating, ‘patient needs relief when sick, not after atrophy’.
China returns to old trick of just building infrastructure to revive economy after Covid
The problem with such spending is that these construction projects struggle to generate sufficient revenue and end up adding to the debt of local governments.
What else could go wrong for the global economy before this year ends
Global economy faces new risks -- winter wave of coronavirus, end of govt support for workers & bank moratoriums, US-China tensions, US presidential election.
India is paying higher costs for its Covid crisis than we know yet
With a record GDP fall, surging Covid cases, sharp hit to healthcare and education, the Modi government needs to resist calls to spend money it doesn't have.
It was easiest to do business in Andhra Pradesh, Uttar Pradesh & Telangana in 2019
The rankings for 2019 saw Gujarat slip five spots to number 10 while Karnataka entirely fell out of the top 10.
Worst over for Indian economy, country to see V-shaped recovery, says finance ministry
The monthly outlook report for August says the uncertainty on account of the pandemic still persists and only a vaccine will restart discretionary spending.
‘Indian economy is rebounding’ — BJP defends Modi govt in social media campaign
BJP's official Twitter handle has released an animated video featuring two friends, Sarthak and Ramesh, with an aim to assuage concerns about the economy.
Nawaz Sharif or Asim Bajwa, corruption scandals in Pakistan turn into never-ending soaps
In Pakistan, no one seems interested in demanding stronger, more independent institutions which would do due diligence away from the public glare.
Stringent Kamath panel suggestions mean not many stressed firms can avail of RBI debt recast
RBI has implemented KV Kamath panel’s recommendations in totality, including parameters like high debt service coverage ratio and investment grade rating.
Defence
China wanted ‘no escalation’ on hotline call in the day, tried to capture territory at night
Hours before trying to push in 1,000 soldiers near Pangong Tso on 28 August, Chinese PLA had called Indian Army to avoid escalatory action and night patrolling.
Fort Modi is impregnable despite China, Covid, job losses. Only one leader can defeat him
Critics wonder why voters aren’t turning against Modi. But a well-entrenched Indian leader has never been defeated by a rival; only Modi can do that to himself.