Comment
The Finance Minister has delivered, but the road ahead is long: on Union Budget 2021
Ananth Narayan This Budget scores very high marks on credibility and on its potential to create domestic output and jobs, but much more remains to be done
Comment
A Budget that fails to address the hunger pandemic
Dipa Sinha In a year of economic slowdown and growing inequality, we have been presented with a stingy Budget that fails to ensure the bare necessities for all
Comment
A promising Budget with a few disappointments
M.Govinda Rao While the Budget promises to revive the economy faster, it continues to emphasise the protectionist trend
Markets
Rupee gains for 2nd straight day, settles 9 paise higher at 74.18/U.S. dollar
PTI At the interbank forex market, the rupee opened at 74.20, and hit an intra-day high of 74.16 and a low of 74.25.
Markets
Rupee rises 9 paise to 74.18 against U.S. dollar in early trade
PTI Asian currencies have started weak against the greenback this morning.
Economy
RBI sets norms for NBFC dividend distribution
Special Correspondent The Reserve Bank of India (RBI) has decided to prescribe guidelines on distribution of dividend by NBFCs to infuse greater transparency and uniformity in the practice.The guidelines will be effective for declaration of dividend from the profit for the financial year ending March 31, 2022 and onwards.“The board of directors, while considering the proposals for dividend, will take into account supervisory findings of the Reserve Bank (National Housing Bank (NHB) for HFCs) on divergence in- 1hr
Economy
S&P cuts India’s FY22 growth forecast to 9.5%
PTI ‘Further waves pose a risk to outlook’- 1hr
Industry
Reliance to invest ₹75,000 crore in ‘new energy’
Special Correspondent Company to set up four ‘giga factories’ for solar photovoltaic modules, batteries, electrolysers and fuel cells in Jamnagar- 1hr
Industry
Fitch lifts RIL’s rating a notch above India’s
PTI Fitch Ratings has upgraded Reliance Industries Ltd.’s rating to ‘BBB,’ one notch above India’s sovereign rating, as RIL benefits from cash flow generation across diversified business segments and the continuation of deleveraging. In a statement, Fitch said it had upgraded RIL’s long-term foreign-currency issuer default rating (IDR) to ‘BBB’ from ‘BBB-’, with a negative outlook. At the same time, the agency affirmed RIL’s long-term local-currency IDR at ‘BBB+’ with a stable outlook. The company- 1hr
Industry
88% SMBs yet to avail any benefit under stimulus package: CIA
Special Correspondent As many as 88% of respondents of a survey conducted among self-employed, small and medium businesses (SMB) said they were yet to avail any benefit under the stimulus packages introduced by the Centre while 82% felt the Union and State governments were not taking care of their interests. These are the findings of a survey conducted by the Consortium of Indian Associations (CIA) and its 40 partner-SMB associations. The findings were released on Thursday. The survey covered more than 81,000- 1hr