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- COVID second wave's impact on economy may not be very large: CEA April 22, 2021Speaking at a webinar organised by the Financial Times and The Indian Express, he said "all of us economists actually have to say all these things with enormous dose of humility, because not only in India but in every other country, predicting the pandemic has been extremely difficult."
- Industry in recovery mode, Budget proposals on course: Nirmala Sitharaman April 22, 2021"We have to wait and watch a bit and then we have to take a call...but at the moment activities are all happening, industry is still on its recovery mode, and therefore, I won't rush to think that this will hurt us if we are able to coordinate better," she said.
- Extend deadline for meeting compliances; provide stimulus for industry: PHD Chamber to FM April 22, 2021"We have asked for extension of timelines for compliance under various laws including Income Tax Act, Companies Act and GST Act in these difficult times. Like last year, the government should consider extending the timeline for compliance, maybe till June-end," said Sanjay Aggarwal, president, PHD Chamber of Commerce and Industry (PHDCCI).
- Fitch affirms BBB- rating, says COVID surge may delay economic recovery April 22, 2021"We forecast a 12.8 per cent recovery in GDP in the fiscal year ending March 2022 (FY22), moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in FY21," it said.
- Cost of vaccinating India's entire population above 18 years 0.36% of GDP: India Ratings and Research April 22, 2021Out of the Rs 46,323 lakh crore that the states would have to spend on vaccinating those in the 18-44 age group, the highest burden would fall on Bihar at 0.6% of gross state domestic product (GSDP), followed by Uttar Pradesh at 0.47% and Jharkhand at 0.37% of GSDP each.
- Focus on capex: Centre removes monthly spend caps April 22, 2021The objective of the latest directive is to facilitate allocation of additional funds from the department of economic affairs’ discretionary corpus of Rs 44,000 crore to those departments who show good progress in capex.
- Mineral auctions: How fair is the game? April 22, 2021The Mines and Minerals (Development and Regulation) Amendment Act, 1957, was amended in 2015 to address the Supreme Court's three major concerns in the mineral asset allocation process – transparency, fairness, and objectivity – and introduced a system of auctions.
- Winter Crop: Mandi rates at MSP or above April 22, 2021If mandi prices of most rabi crops ruled below their minimum support prices (MSPs) during March, the prices have firmed up since
- Agri exports up 19% in April-February of FY21 April 21, 2021Agriculture and allied products worth Rs 2.74 lakh crore were exported in the first 11 months of last fiscal against Rs 2.31 lakh crore in the year-ago period, up 18.6%, while imports marginally increased by 3% to Rs 1.41 lakh crore.
- Covid-19 surge: FM Sitharaman asks industry to wait & watch for next few days April 21, 2021Along with the new vaccination guidelines and with the five-fold strategy adopted in handling the Covid cases — test, track, treat, Covid-19 protocols and vaccination — there will be a sense of reassurance, Sitharaman said.