NPAs have stabilised and have come down, not gone up: Ramesh Iyer, M&M Finance
We would definitely see H2 turn out to be much better than what we have seen in the past. The festival season was good and even November was good in retail sales. December seems to be promising. We do not have any major issues as far as growth is concerned -- in terms of volumes as well as AUM going forward.
What will food look like in the year 2099? India wants to know now
India, the world’s second most populous nation, has already been grappling...
Monsoon fury leaves 25 dead in Tamil Nadu, 1000 people in relief camps
An official release said eight persons died in various rain-related in...
India's wettest monsoon in 25 years could lift 2020 wheat output to record
The country received monsoon rains during the June-September season that were 10% above average and the rainfall continued during October and November, increasing soil moisture levels required for crop sowing. Rainfall also lifted the water level in India's key reservoirs to 86% of capacity compared to 61% a year ago and a 10-year average of 64%.
India’s GDP growth hits over 6-year low; analysts say economy has bottomed out
India’s GDP growth slumped to 4.5% in the September quarter, its weakest pace since 2013.
India needs sector-focused demand stimulus, not income-tax cut: Suvodeep Rakshit
Credit channels through the banking sector or NBFCs have to clear up.
India’s ominous future: Too little water, or far too much
Climate change is now messing with the monsoon, making seasonal rains more intense and less predictable. Decades of shortsighted policies by the government is leaving millions defenceless in the age of climate disruptions. The rains this year did nothing to solve the community’s drinking water shortage, first, it was too less then too much.
Government extends stock holding limit on onion traders indefinitely to check price rise
Besides stock holding limit, he said, the Centre has banned exports of onion and importing 1.2 lakh tonnes to control prices. Onion prices are ruling at Rs 70-80 per kg in retail markets across major cities. "Stockholding limit on retailers and wholesalers are being further extended until further orders," an official statement said.
MMTC contracts to import 6,090 tonnes onion to boost supply, cut prices
Consumer Affairs Secretary A K Srivastava held a review meeting with various states on demand, supply and prices of this key kitchen item. Sources said it was informed that MMTC has contracted 6,090 tonnes of onion and the consignment from Egypt would reach Mumbai port soon.
Record paddy procurement on cards due to higher MSP, headwinds in exports
Paddy procurement in the current kharif marketing season till Thursday was 1.4 million tonnes higher than a year ago. As much as 23.5 million tonnes of paddy have been procured in the current season in Punjab, Haryana and Uttar Pradesh. The procurement is yet to gather pace in Andhra Pradesh, Telangana and Chhattisgarh, where harvest begins after mid-November.
Australian bushfires partly due to late monsoon ending in India: Expert
An expert said that the rain that may normally occur in these regions at this time hasn't actually come down due to that global event. And so because of that these regions are hot, dry and windy.
Coal supply by CIL to power sector drops over 8 pc to 253 MT in April-October
The supply of coal to power sector by CIL in October dropped by 19.3 per cent to 33.8 MT, over 41.9 MT in October last fiscal. With torrential rains hitting coal production, Coal India had said that it was keeping a close watch on the current situation to ensure smooth supplies to power plants.
Canada’s AGT seeks stable policies to step up India play
The Canadian agri-commodity company backed by private equity firm Fairfax hopes that Prime Minister Narendra Modi relooks at the quantitative restrictions and tariffs imposed on commodities like pulses. India is the largest buyer of pulses such as peas from Canada. Last year it imposed a 50% tariff on lentils to support the domestic farmers.
BS VI emission norms to create headwinds for CV sector: India Ratings
For fleet owners, the ownership of BS-VI vehicle would be credit neutral as the benefits from fuel efficiency and maintenance would largely be offset by higher debt repayments.
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