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India on the path towards economic recovery: CEA
In the financial sector, the introduction of Insolvency and Bankruptcy Code has led to resolution of stressed assets worth Rs 2.4 lakh crore
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Fundamentals of Indian economy remain strong: Arvind Panagariya
Noted economist Arvind Panagariya said India needs to deal with Covid-19 as quickly and decisively as possible
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Fintech burst and the democratisation of credit
In the last financial year there were 2,233 cr UPI transactions worth Rs 41 lakh cr. The democratisation of credit will be the next big thing.
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Air India & Tatas – poetic justice & one that benefits all
Tata could be a natural fit for the airlines, however, even if any other promoter takes over, we can expect the quality of the service to improve
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Policy normalization could be signalled by October 8
Standard Chartered also expects a firmer signal, which could be the need of the hour if another surge in infections is completely ruled out
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Gati Shakti masterplan launch may happen next month: Report
The masterplan was announced by the Prime Minster Narendra Modi on Independence Day
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This will be India’s decade of inclusive growth: CEA K Subramanian
Chief Economic Advisor Krishnamurthy Venkata Subramanian, is confident in India's economic potential and stated that he expects India's GDP near 7%.
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Finance Ministry officials pitch for better ratings
In the meeting, the officials highlighted the upward movement of the growth in GDP in June 2021 and also the fiscal deficit and borrowing numbers
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Southern states have more household indebtedness: Report
Among the major states, Uttarakhand had the lowest proportion of household indebtedness, while it was Chhattisgarh in urban areas
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Govt to borrow Rs 5.03 lakh crore in the second half of FY22
Gross borrowings includes repayments of past loans. For the next financial year, repayment for past loans has been pegged at Rs 2.80 lakh crore
