23 - 28 February, 2020

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Weekly Updates on Indian Economy

23rd February 2020 to 28th 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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