Is it time to buy the Indian midcaps – Update November 6, 2020
5th note in the series. Has anything changed that warrants an increased risk allocation?
indianeconomy
Finance Commission to meet its economic advisory panel on September 4
The topic of the meeting is ‘Final discussion on GDP growth, tax buoyancy of the Centre and the States, GST compensation, revenue deficit grant and fiscal consolidation’ The 15th Finance Commission will hold a meeting with its economic advisory panel on Friday to discuss issues of GDP growth, GST compensation and fiscal consolidation. Chairman N.K. … Read more
COVID2019 and stock investing – Part 4 – is it a blessing in disguise for the Indian economy !
At first read, the presented arguments may sound counter intuitive. However, think carefully and you might agree.
Volkswagen: India lacks in ease of doing business
As it lines up a fresh Rs 8,000-crore investment for India, German auto giant Volkswagen Group has said that it is not easy to do business in the country and warned that putting restrictions on, or delaying, imports of critical components from China is a retrograde measure and an “old socialist model, held good in … Read more
June qtr results of Banks, NBFCs – don’t try to read too much
I really don’t know what will one analyze !
India seeks new preferential treatment from US on drugs, other goods
In return for opening its dairy markets and slashing tariffs on farm goods as the two sides seek to shore up a new trade deal, three sources said. India accounts for 40% of US generic drug imports, including the anti-malarial hydroxychloroquine, touted by US President Donald Trump in the fight against the coronavirus. To win … Read more
RBI governor calls for resolution corporation for stressed lenders
That will revive stressed banks and finance companies as an alternative to the traditional practice of merging failed institutions with stronger ones. A bill which proposed the corporation in 2017, was withdrawn following criticism of a clause that sought to share cost of revival with depositors. “The traditional approach has been to merge a failed … Read more
‘Auto component industry’s revenue to fall 14-18% in FY21’
Due to weak demand from carmakers as well as from the replacement market amid low consumer sentiment due to the pandemic, rating agency ICRA said on Friday. “The industry has been affected by the pandemic and continuing lockdowns, directly impacting the economic environment and consumer sentiment,” the agency said in a statement. “Exceptions are mission-critical … Read more
Nitin Gadkari warns of revenue losses, economic woes due to pandemic
India was expected to lose revenue of Rs 10 lakh crore due to the coronavirus crisis, Union minister Nitin Gadkari said on Wednesday. The situation was so grim that some states do not have money to pay salaries next month, he said, adding that the country needs to tackle the crisis with positivity. Addressing the … Read more