Strategic divestment of CEL, SAIL units likely to conclude by FY21 end

access_time 2021-02-09T06:23:49.302Z face Sumit Rana
Strategic divestment of CEL, SAIL units likely to conclude by FY21 end Synopsis The sale of stakes in Air India, Bharat Petroleum Corp., Shipping Corporation of India, BEML and Container Corp. of India, among others, will pick up pace from March. The disinvestment target for FY22 has been set at Rs...

Centre likely to incentivise stake sale in state PSUs

access_time 2021-02-08T05:27:05.104Z face CA Academy
Centre likely to incentivise stake sale in state PSUs Synopsis The official said the incentives would be finalised soon after the passage of the budget by Parliament. Finance minister Nirmala Sitharaman had said in her budget speech the Centre would incentivise disinvestment by states. The Centre c...

India's budget aiming to revive economy despite limited fiscal headroom

access_time 2021-02-01T05:48:10.121Z face CA Academy
India's budget aiming to revive economy despite limited fiscal headroom India's finance minister is likely to announce measures including a hike in infrastructure spending and tax cuts to boost the pandemic-hit economy when she presents the annual budget later on Monday, while deferring debt cut pl...

Dalal Street turns negative for 2021: Key factors behind the crash

access_time 2021-01-27T09:59:23.417Z face CA Academy
Dalal Street turns negative for 2021: Key factors behind the crash Selling continued in heavyweights Reliance Industries and financials, taking equity benchmarks further down on Wednesday, despite the US administration saying it would bring a stimulus package even without the opposition’s support. ...

India's GDP to contract 8% this fiscal: FICCI Economic Outlook Survey

access_time 1611628200000 face CA Academy
India's GDP to contract 8% this fiscal: FICCI Economic Outlook Survey India's gross domestic product (GDP) is expected to contract by 8 per cent in 2020-21, according to the latest round of FICCI's Economic Outlook Survey. The annual median growth forecast by the industry body is based on responses...
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