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Jan 21, 2021 03:44 PM IST A revenue deficit of 3.5 percent of GDP and a fiscal deficit of around 5 percent of GDP for the Government of India may allow enough space for prioritising health expenditure, vaccine rollout as well as capital spending.
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Jan 17, 2021 03:44 PM IST The affordability of housing projects had been one of the major constraints for demand. Various states had provided time-bound relaxation in stamp duty on housing purchase, which was seen to have a positive impact on sales. The budget could consider further steps to improve affordability.
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Jan 13, 2021 06:00 PM IST "FY2022 remains a crucial year for two reasons: a) Importance of government spending to revive economy and b) Significant catch up to do in the ongoing Bharatmala and allied programmes. As a result, the capital outlay is required to be increased by at least 15 per cent,” ICRA said in a statement.
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Jan 12, 2021 06:15 PM IST ICRA research observed that pan-India occupancy hit an all-time low of 18-20 percent in eight months of the financial year 2021, down from 64-65 percent in the previous year.
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Jan 11, 2021 03:30 PM IST ICRA’s projection about India’s GDP comes after greater certainty on the durability of the awaited economic revival.
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Jan 08, 2021 03:39 PM IST Under the three year tenure of FAME-II scheme — FY20-FY22– e-2W sales have been only 2 percent of the targeted 10 lakh unit sales as on September 30, 2020 halfway mark, ICRA said in a statement.
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Jan 07, 2021 06:13 PM IST Toll collections witnessed a marked improvement on the back of increased movement of both passenger and commercial vehicles, which has picked up significantly over the last three months, thereby surpassing the pre-COVID-19 levels, ICRA said.
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Jan 06, 2021 05:20 PM IST Non-banks could see growth reviving in fiscal year 2021-2022 to about 7-9 per cent compared with a flattish performance in the current fiscal year.
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Jan 03, 2021 03:36 PM IST Policy measures are also required to revive stranded gas-based projects, given that such projects can be used to meet peak power demand and as a balancing power source in the light of the rising share of intermittent renewable generation
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Jan 03, 2021 03:26 PM IST Even if the Government continues with its past policy and does not introduce higher budgetary allocation towards these plans, some incentives or other measures to boost the private investor interest that facilitate more active participation could be expected
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Jan 03, 2021 03:18 PM IST A downward revision in cess on crude oil production, from the current level, may help upstream companies improve their earnings in a higher crude oil price regime
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Jan 03, 2021 10:59 AM IST ICRA expects budgetary allocations towards the entire agricultural value chain to improve productivity and reduce post-harvest losses, while ensuring adequate realisation for the farmers
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Dec 31, 2020 03:30 PM IST For the GoI, a revenue deficit of 3.5 percent of GDP and a fiscal deficit of around 5 percent of GDP in FY2022 may allow enough space for prioritising health expenditure, vaccine rollout as well as capital spending.
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Dec 29, 2020 05:49 PM IST ICRA expects the domestic auto component industry's revenue to grow 16-18 percent in the financial year starting April 2021, supported by factors such as increasing content per vehicle, low base effect, and higher realisations.
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Dec 22, 2020 05:17 PM IST The agency’s vice president and group head (structured finance ratings) Abhishek Dafria said the collections across all asset classes have bounced back sharply since the dip seen in April 2020 following the nationwide lockdown.
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Dec 14, 2020 09:32 PM IST The momentum has strengthened further in December quarter. The cumulative domestic steel demand in October-November has already surpassed the pre-COVID-19 levels, ICRA said.
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Nov 27, 2020 05:52 PM IST The demand is likely to see a rebound in the second half of this financial year after a poor performance in the first two quarters, ratings agency ICRA said.
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Nov 19, 2020 03:52 PM IST ICRA reports robust recovery in key construction sectors such as cement and steel and healthy central government awards in roads and railways during Q2 FY2021.
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Nov 05, 2020 05:43 PM IST MMR, Pune and NCR remained the highest contributors to pan-India sales in Q2 FY2021. But the high inventory overhang in these regions remains a concern, says ICRA.
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Oct 20, 2020 07:08 PM IST The instrument has become an attractive investment vehicle as regulatory and taxation regime governing InvITs have significantly evolved over the years, the agency said.
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Oct 15, 2020 06:57 PM IST Indian apparel players are banking on the upcoming festive season to recover meaningfully from their all-time low sales, ICRA said in a report.
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Oct 05, 2020 05:11 PM IST Besides, the domestic carriers also increased capacity deployment significantly to around 46 percent in September as compared to 33 percent in the month ago, according to ICRA.
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Sep 24, 2020 01:05 PM IST Brokerage companies having their own assets (hard assets or securities) and strong balance-sheets would be better placed, ICRA has said.
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Sep 23, 2020 02:23 PM IST Is this surplus in current account temporary? Let's find out in this edition of 3-Point Analysis.
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Sep 16, 2020 04:41 PM IST According to ICRA, the most significant challenge ahead for the RTCs after the lockdowns are fully lifted would be to increase passenger movement while containing the spread of the virus, through various measures like regular sanitisation of the buses and provision of protective gear for the staff.