Weekly Updates on Indian Economy

23^rd February 2020 to 28^th February 2020

 

National Accounts and state of the economy

 

1. GDP growth in Q3 likely to stay flat at 4.5 percent: Economists

 https://economictimes.indiatimes.com/news/economy/indicators/gdp-growth-in-q3-likely-to-stay-flat-at-4-5-economists/articleshow/74327397.cms?from=mdr

https://www.thehindu.com/business/q3-gdp-to-grow-at-45-sbi/article30925164.ece

2. Rapid global spread of infection sends FPIs packing from D-Street

https://economictimes.indiatimes.com/markets/stocks/news/rapid-global-spread-of-infection-sends-fpis-packing-from-d-street/articleshow/74327797.cms?from=mdr

3. SBI report suggests ‘statistical’ tailwind to GDP growth rate

 https://www.thehindubusinessline.com/economy/sbi-report-suggests-statistical-tailwind-to-gdp-growth-rate/article30922008.ece

4. Why aren’t inflation indices in sync?

https://www.thehindubusinessline.com/opinion/why-arent-inflation-indices-in-sync/article30935186.ece

5. Can the Budget reverse the slowdown?

https://www.thehindubusinessline.com/opinion/can-the-budget-reverse-the-slowdown/article30915118.ece

6. Limits of funding: on private sector research funding

https://www.thehindu.com/opinion/editorial/limits-of-funding-on-private-sector-research-funding/article30897174.ece

7. Five things to watch out for in GDP data

https://www.livemint.com/news/india/five-things-to-watch-out-for-in-gdp-data-11582867328537.html

 

 

 

Public Finance

1. E-commerce TDS may lead to working capital crunch

https://tech.economictimes.indiatimes.com/news/internet/ecomm-tds-may-lead-to-working-capital-crunch/74347256

2. EPFO's new commutation to benefit 6 lakhs pensioners

https://timesofindia.indiatimes.com/business/india-business/government-implements-epfos-decision-to-restore-pension-commutation-to-benefit-6-3-lakh-pensioners/articleshow/74302203.cms

3. Special series bonds could be over 10% of borrowing target

https://www.business-standard.com/article/economy-policy/special-series-bonds-could-be-over-10-of-fy21-gross-borrowing-target-120022400004_1.html

4 Cases in arbitration abroad eligible for Vivad se Vishwas scheme, says I-T dept

https://www.newindianexpress.com/business/2020/feb/23/cases-in-arbitration-abroad-eligible-for-vivad-se-vishwas-scheme-says-i-t-dept-2107146.html

 

Banking and Central Bank related

 

1. Merger of 10 banks remains on course: Nirmala Sitharaman

https://timesofindia.indiatimes.com/business/india-business/merger-of-10-banks-remains-on-course-nirmala-sitharaman/articleshow/74331608.cms

2. Govt banks out of touch with consumers: Finance minister

https://timesofindia.indiatimes.com/business/india-business/govt-banks-out-of-touch-with-consumers-finance-minister/articleshow/74326621.cms

3. Coming soon: A deluge of bank IPOs

https://www.thehindubusinessline.com/money-and-banking/coming-soon-a-deluge-of-bank-ipos/article30934148.ece

4. Microfinance grows 24% in Q3; Tamil Nadu holds largest share in total loan portfolio

https://www.thehindubusinessline.com/money-and-banking/microfinance-grows-24-in-q3-tamil-nadu-holds-largest-share-in-total-loan-portfolio/article30929475.ece

 

 

5. Bank credit growth may have bottomed out at 6%: CRISIL

https://www.thehindu.com/business/bank-credit-growth-may-have-bottomed-out-at-6-crisil/article30916033.ece

6. Long-term repo ops: Funds available, but will banks push credit?

https://economictimes.indiatimes.com/markets/stocks/news/long-term-repo-ops-funds-available-but-will-banks-push-credit/articleshow/74310721.cms

7. RTGS technical glitch hits liquid MF debt segment

https://www.thehindubusinessline.com/markets/stock-markets/rtgs-technical-glitch-hits-liquid-mf-debt-segment/article30913281.ece

8. Cash is king, but digital is divine, says RBI study

https://www.thehindubusinessline.com/money-and-banking/cash-is-king-but-digital-is-divine-says-rbi-study/article30906262.ece

9. Rs 500 notes to push Rs 2,000 out in mega ATM reboot: Things you must know

https://www.business-standard.com/article/economy-policy/rs-500-notes-to-push-rs-2-000-out-in-mega-atm-reboot-things-you-must-know-120022501662_1.html
 

10. Payments problem Removal of MDR will affect innovation in fintech

https://www.business-standard.com/article/opinion/payments-problem-120022600014_1.html

11. E-payments industry counts the costs after zero MDR jolt
http://timesofindia.indiatimes.com/articleshow/74275944.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

12. Banks await clarification from RBI on CRR exemptions
https://economictimes.indiatimes.com/markets/stocks/news/banks-await-clarification-from-rbi-on-crr-exemptions/articleshow/74275728.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

13.  Banks’ profitability remains fragile, says Das

https://www.thehindu.com/business/Industry/banks-profitability-remains-fragile-says-shaktikanta-das/article30906498.ece

14. RBI gets Rs 1.23 lakh crore bids for Rs 25,000 crore LTRO

https://economictimes.indiatimes.com/markets/stocks/news/rbi-gets-rs-1-23-lakh-crore-bids-for-rs-25000-crore-ltro/articleshow/74285519.cms

 

15. Incentive scheme for sale of third-party non-banking products under RBI lens

https://www.thehindubusinessline.com/money-and-banking/incentive-scheme-for-sale-of-third-party-non-banking-products-under-rbi-lens/article30900951.ece

 

Agriculture

1. We’re on track to doubling farmers’ income: Dalwai

https://www.thehindubusinessline.com/economy/agri-business/were-on-track-to-doubling-farmers-income-dalwai/article30935374.ece

2. Agri Summit: Risk mitigation in farming is need of the hour

https://www.thehindubusinessline.com/portfolio/commodity-analysis/businessline-agri-summit-risk-mitigation-in-farming-is-need-of-the-hour/article30888692.ece

3. Tardy pace of farm schemes irks Finance Ministry

https://www.thehindu.com/business/tardy-pace-of-farm-schemes-irks-finmin/article30890975.ece

4. Agriculture has key role in making India $5 trillion economy: PM Modi
https://economictimes.indiatimes.com/news/economy/agriculture/agriculture-has-key-role-in-making-india-5-trillion-economy-pm-modi/articleshow/73072838.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

5. Kisan Samman Nidhi target lowered to 12 crore

https://www.thehindu.com/news/national/kisan-samman-nidhi-target-lowered-to-12-crore/article30906606.ece

 

External Sector

1. Onion jumps 30% to hit a two-week high as export curbs are lifted

https://www.business-standard.com/article/markets/onion-jumps-30-to-hit-a-two-week-high-as-export-curbs-are-lifted-120022701115_1.html

2. India faces WTO heat to exempt food for humanitarian needs from export curb

https://www.thehindubusinessline.com/economy/india-faces-wto-heat-to-exempt-food-for-humanitarian-needs-from-export-curbs/article30923926.ece

 

 

3. Soon, goods can be moved between India and Russia via Iran: Concor

https://www.thehindubusinessline.com/economy/logistics/soon-goods-can-be-moved-between-india-and-russia-via-iran-concor/article30924408.ece

4. India to go slow on trade deal with US, both sides to work on wider FTA

https://www.business-standard.com/article/economy-policy/india-to-go-slow-on-trade-deal-with-us-both-sides-to-work-on-wider-fta-120022601472_1.html

5. India’s import of US oil jumps 10-fold to 2,50,000 bpd

https://www.thehindubusinessline.com/economy/indias-import-of-us-oil-jumps-10-fold-to-250000-bpd/article30912951.ece

6. Commerce Ministry assessing impact on pharma ingredient supplies from China

https://www.thehindubusinessline.com/economy/commerce-ministry-assessing-impact-on-pharma-ingredient-supplies-from-china/article30934673.ece

7. Foreign investors from Mauritius continue to be eligible for FPI registration: SEBI
https://economictimes.indiatimes.com/markets/stocks/news/foreign-investors-from-mauritius-to-continue-being-eligible-for-fpi-registration-sebi/articleshow/74294497.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

8. Indian refiners buy crude bound for China at deep discounts

https://www.thehindu.com/business/indian-refiners-buy-crude-bound-for-china-at-deep-discounts/article30916188.ece

9. Asian Development Bank lists masala bonds on India INX

https://www.thehindubusinessline.com/markets/asian-development-bank-lists-masala-bonds-on-india-inx/article30914958.ece

10. Let’s come together to tax tech giants, say G20 officials
http://timesofindia.indiatimes.com/articleshow/74256772.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

11. India to block EU’s WTO panel request

https://economictimes.indiatimes.com/news/economy/foreign-trade/india-to-block-eus-wto-panel-request/articleshow/74273858.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

 

Industry, Manufacturing, Services and Technology

1. Centre to revamp IT Act

https://www.thehindu.com/business/Industry/centre-to-revamp-it-act/article30925140.ece

2.  Pending MSME loan revamp by March 15

https://www.thehindu.com/business/Economy/pending-msme-loan-revamp-by-march-15/article30925174.ece

3. Cabinet gives clearance for Technical Textiles Mission

https://www.thehindu.com/business/Industry/cabinet-gives-clearance-fortechnical-textiles-mission/article30925160.ece

4. Telecos seek help on ‘priority basis’

https://www.thehindu.com/business/Industry/telcos-seek-help-on-priority-basis/article30935400.ece

5. Govt's new electronics policy banks heavily on mobile manufacturing

https://www.business-standard.com/article/economy-policy/govt-s-new-electronics-policy-banks-heavily-on-mobile-manufacturing-119022000509_1.html

6. MNC royalties moderate under investor scrutiny
https://economictimes.indiatimes.com/markets/stocks/news/mnc-royalties-moderate-under-investor-scrutiny/articleshow/74310875.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

7. Retail opportunities at transport hubs may grow to $21.6 b by 2030

https://www.thehindubusinessline.com/economy/logistics/retail-opportunities-at-transport-hubs-may-grow-to-216-b-by-2030/article30915256.ece

8. IRDAI sets up panel to examine whether life insurers can offer indemnity-based health policies

https://www.thehindubusinessline.com/money-and-banking/irdai-sets-up-panel-to-examine-whether-life-insurers-can-offer-indemnity-based-health-policies/article30915965.ece

9 India sees a 4-year decline in the number of new start-ups

https://www.thehindubusinessline.com/info-tech/india-sees-a-4-year-decline-in-the-number-of-new-start-ups/article30910404.ece

10. Govt wary of Adani-like bidding streak, puts airport privatisation on hold

https://www.business-standard.com/article/companies/govt-wary-of-adani-like-bidding-streak-puts-airport-privatisation-on-hold-120022501655_1.html

11. Finance ministry against penalty relief for telecom companies

https://timesofindia.indiatimes.com/business/india-business/finance-ministry-against-penalty-relief-for-telecom-cos/articleshow/74275047.cms

12. Power forward, derivatives trade soon

https://economictimes.indiatimes.com/markets/stocks/news/power-forward-derivatives-trade-soon/articleshow/74273844.cms

13 A stich in time will save textile mills

https://www.magzter.com/article/Newspaper/The-Hindu-Business-Line/A-Stitch-In-Time-Will-Save-Textile-Mills

14. Govt. eyes public-private fund to give R&D a shot in the arm

https://www.thehindu.com/news/national/govt-eyes-public-private-fund-to-give-rd-a-shot-in-the-arm/article30891155.ece

15. Government goes after 'intermediaries' to cut logistics costs for EXIM trade

https://www.thehindubusinessline.com/economy/logistics/government-goes-after-intermediaries-to-cut-logistics-costs-for-exim-trade/article30894596.ece

16. Nobody wants to kill telecom sector: SBI chief on AGR

https://www.businesstoday.in/current/corporate/agr-crisis-nobody-wants-kill-telecom-sector-sbi-chief-rajnish-kumar/story/396795.html

17. India's January infrastructure output rises 2.2%

https://www.livemint.com/news/india/india-s-january-infrastructure-output-rises-2-2-11582890176785.html

18. How Indian businesses may be impacted by China factory shutdowns

https://www.livemint.com/news/india/how-indian-businesses-may-be-impacted-by-china-factory-shutdowns-11582872876375.html

19. Proposed IPO of LIC to benefit insurance industry: Fitch

https://www.business-standard.com/article/pti-stories/proposed-ipo-of-lic-to-benefit-insurance-industry-fitch-120022600378_1.html

 

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Bernie sanders isn’t Lefts Trump

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