Almost 17 million women lost their jobs in the first month of lockdown alone, data released by the CMIE showed.
Know Your Macro
- Fiscal deficit: Walking a tightropeAn elevated deficit has large and long-lasting implications on many other factors of the economy.
- Rupee's post-pandemic courseThe Rupee is likely to trade in the narrow range of 71-73.5 as traders expect relative stable exchange rate
- A pandemic era realty checkFavourable market conditions and the need to own a home on grounds of safety is expected to fuel demand in the property markets in 2021.
- Pre-Budget India P&L statementThe country’s trade balance has also benefited from reduced imports from China as well as lower oil prices.
- Manufacturing not out of the woods yetUnder Modi 2.0, manufacturing output contracted in 11 out of the 19 months since FY20.
- Agri stands out in the year of the pandemicDuring the April to June 2020, agriculture was the only sector to register growth.
- Making sense of govt's GDP dataGrowth had been on a steady decline since the last quarter of FY18, save for a marginal 0.1% sequential increase in Q4FY19.
- Jobs: A prime cause for concern for FMUrban employment in India in the January-March quarter 2020 stood at 9.1%, higher than 7.9% in the preceding quarter.
- Looking back at a year unlike anyThe year 2020 would go down in the annals of history as one of uncertainty, pessimism and return of hope.
- Services sector loses more steam in DecThe IHS Markit India Services Business Activity Index dropped to 52.3 in December from 53.7 in November.
- It's been raining foreign moneyWith repayments exceeding disbursals during the quarter, external commercial borrowings worth $4.2 billion were reversed.
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Now debating: Tax cut a must to beat Covid consumption slump. Agree?
There are two ways to do a stimulus. Either GoI spends more, or it earns/spends less leaving more money to households and firms to spend/invest. It could also include cash transfers to the poor. Which of these ways should Nirmala Sitharaman's budget focus on more?
Click to CommentSectors In Focus
Healthcare
Covishield not to be taken by people severely allergic to any of its ingredients: Serum In...
States look to keep healthcare services running amid vaccination drive
Covaxin company warns people with medical conditions not to take jab
Healthcare sector's revenue expected to grow 20 per cent in 2021-22: Report
Indian companies prepare to buy vaccines for employees
Caplin Point arm inks strategic partnership with Canada's JAMP Pharma Group
India Inc readies inoculation plan for staff, wants govt to consider this as part of their...
Seropositivity for COVID-19 found to be lesser in smokers, vegetarians: CSIR survey
Metropolis Healthcare to acquire Hitech Diagnostic Centre in a cash, stock deal
2,24,301 beneficiaries given vaccine so far; 447 cases of adverse effect reported: Health ...
Consumer Products
Rising health awareness amid the pandemic set to accelerate sale and visibility of premium...
Falling gold prices boost jewellery demand up by 10-20%
Oppo India in process to file 80 patents, enhance focus on 5G
ASCI bans surrogate advertising of 12 liquor companies
Gem, jewellery sector viewed as thrust area for export promotion: Puri
Indian garment exporters start getting orders again with Covid-19 vaccination roll out
Urban demand picks up after 3 quarters; though rural growth still robust
Apparel prices to remain soft in second half of current fiscal: Report
Dabur forays into ghee category
Samsung unveils flagship Galaxy S21 series, Buds Pro
Tech
Setback for Amazon as India plans rework of e-commerce FDI policy
India tells WhatsApp to withdraw changes to privacy policy
Dunzo lands $40 million in funding from new and existing investors
Licious eyes $80 million in funding at $800 million valuation
Salesforce makes its maiden India investment in Darwinbox
WhatsApp may face CCI heat over privacy policy changes
WhatsApp Pay doubles its UPI transactions volume month-on-month
Zerodha CEO bats for more fintech in India's mutual fund space
Outcry over WhatsApp privacy policy shows Indians value their privacy: Signal COO
Don't use WhatsApp if not accepting privacy policy changes: Delhi HC
Auto
Nearly two-thirds of auto industry loan requirements met by private, foreign lenders: Repo...
Tata Motors receives 98 patents in 2020
JBM Auto bags order from DTC for supply of 700 BS-VI compliant AC low-floor CNG buses
Escorts becomes first company to get regulatory nod to sell electric tractors in India
Entry of Tesla in India doesn't worry us: Mercedes-Benz
Maruti Suzuki hikes prices of select vehicles by up to Rs 34,000
Lexus launches new variant of its flagship sedan LS at Rs 2.22 crore
General Motors India exit hits a speed breaker, plant closure may stall on differences wit...
Toyota Kirloskar Motor ties up with government for skilling youths
Tata Motors ties up with private lenders for commercial vehicles financing
Infrastructure
Man Industries bags orders worth Rs 250 crore
Steel companies engage with vaccine makers for bulk supply of doses for employees
Wave group approaches High Court to seek protection to carry out work at Ghaziabad project
L&T bags up to Rs 5,000 crore order from Rail Vikas Nigam in Uttarakhand
NMDC sets 100 MT iron ore production target by 2030
GE T&D to sell global engineering operation division to GE India Industrial for Rs 87 cror...
Top steelmakers in que to secure vaccine shots for employees and healthcare workers
Tata's 'clean' steel behind new care home VisitorPods in UK
L&T receives multiple orders in domestic market
Cabinet approves mining reforms
MSME
Exporters await implementation of last year’s budget announcement, pin hopes on new scheme...
Small businesses looking to sell online face a GST anomaly: FISME's Animesh Saxena
Budget 2021: Chemical sector should be included in PLI scheme, says Parag Jhaveri of Yasho...
A chance to bridge India's competitiveness gap of $80 billion
Tax policy changes to boost post Covid-19 economic recovery
Global economic outlook dims on virus’s surge ahead of vaccines
Exporters in a post-Covid world need finance and favourable trade winds
Pack it, ship it: Covid and surge of online shopping amps up an entire sector
What is India selling to the world in the middle of a pandemic?
Factory workers are returning, to labour and an uncertain life
Details on Budget
Faced with the surreal choice between saving lives and the economy, Budget 2021 has its task cut out. Finance minister Nirmala Sitharaman has promised a once-in-a-century kind of Budget, one that puts the Indian economy back on track. The coronavirus has brought in new concerns and a need for solutions, especially in healthcare. While the outbreak jolted the stock market in the first quarter of the year, a stimulus boost under Atmanirbhar Bharat made sure the indices did not disappoint. The biggest swing will now depend on how effectively a vaccine is rolled out for 1.3 billion people. Self-reliance is expected to be Sitharaman's catch cry for February 1. Prime minister Narendra Modi plans to make it the enabler of India's Big Reset for sectors hit hard by the virus such as tourism, transport, startups and reboot consumption. Experts feel one way to lift consumption is by leaving more money in the hands of the taxpayer. But this year is going to be different for those tracking income tax slabs. India, in all probability, is expected to come out of the woods when it unveils its growth numbers for the October-December quarter on February 26. Budget 2021 is expected to be the enabler of this comeback story.