Did not resort to tax hike to fund pandemic relief, recovery: Nirmala Sitharaman
Sitharaman said there was a clear understanding and direction from the prime minister that the Budget shall not draw on resources by taxing people when recovery is the most important element.
Revival a reflection of govt decisions, strong foundations of Indian economy: PM Modi
Modi said that the government has encouraged foreign capital flows, lowered taxes on infra investment, and set up institutions to boost economic growth.
The Big Public Infra Bet
Infra sectors received the largest share of the ₹7.5 lakh crore pie with an expectation that the capex will create the desired multiplier effect on the economy.
Budget 2022: Boosting consumption key
Per capita consumption expenditure, a key indicator of household spending, had contracted in FY21, before regaining momentum in FY22.
Budget 2022: Power generation growth shows economy getting back on feet
Economic recovery and low base effect are poised to push power generation to its sharpest recovery in years.
Muthoot banks on economy bounce-back; to get back into home, vehicle loans
Muthoot Finance generally caters to small businessmen, shopkeepers, small traders, among others, and expects demand from them as the economy picks up.
Agri rebound pushing swift recovery, crude price a concern: FinMin
FPI flows remain robust with India reporting the highest inflow among emerging market economies, says the monthly economic report for September.
Covid-19’s second wave stings equity markets
In a matter of 41 trading days, since the last life-high on February 16, the second wave of the Covid-19 pandemic has caused between 8% -9.8% correction in the benchmark equity indices until April 19.
RBI holds rates; unveils new measures
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.