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Budget 2021

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Moneycontrol

Budget 2021

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  • Centre, states should avoid sharp fiscal tightening in FY2022, says ICRA Jan 21, 2021 03:44 PM IST

    Centre, states should avoid sharp fiscal tightening in FY2022, says ICRA

    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.

  • Budget 2021 expectations | More income tax incentives for housing purchase necessary to revive realty sector Jan 17, 2021 03:44 PM IST

    Budget 2021 expectations | More income tax incentives for housing purchase necessary to revive realty sector

    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.

  • Need to increase capital outlay in road sector by at least 15%, speed up asset monetisation process: ICRA Jan 13, 2021 06:00 PM IST

    Need to increase capital outlay in road sector by at least 15%, speed up asset monetisation process: ICRA

    "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.

  • Domestic hospitality industry to contract by 65% in FY21: Report Jan 12, 2021 06:15 PM IST

    Domestic hospitality industry to contract by 65% in FY21: Report

    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.

  • India's GDP to record 10.1% expansion, monetary policy to be neutral in August: ICRA Jan 11, 2021 03:30 PM IST

    India's GDP to record 10.1% expansion, monetary policy to be neutral in August: ICRA

    ICRA’s projection about India’s GDP comes after greater certainty on the durability of the awaited economic revival.

  • Electric two-wheeler sales remain tepid despite govt subsidy: ICRA Jan 08, 2021 03:39 PM IST

    Electric two-wheeler sales remain tepid despite govt subsidy: ICRA

    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.

  • Toll collection likely to grow 15% in FY22: ICRA Jan 07, 2021 06:13 PM IST

    Toll collection likely to grow 15% in FY22: ICRA

    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.

  • NBFCs may see up to 6% slippages from restructured book, says ICRA Jan 06, 2021 05:20 PM IST

    NBFCs may see up to 6% slippages from restructured book, says ICRA

    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.

  • Budget 2021 expectations | Renewables & strengthening of power distribution segment is key for power sector: ICRA Jan 03, 2021 03:36 PM IST

    Budget 2021 expectations | Renewables & strengthening of power distribution segment is key for power sector: ICRA

    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

  • Budget 2021 expectations | Focus should be on achieving Sagarmala targets and increasing autonomy at major ports: ICRA Jan 03, 2021 03:26 PM IST

    Budget 2021 expectations | Focus should be on achieving Sagarmala targets and increasing autonomy at major ports: ICRA

    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

  • Budget 2021 expectations | Tax clarity and support for gas prices key demands of the oil and gas industry: ICRA Jan 03, 2021 03:18 PM IST

    Budget 2021 expectations | Tax clarity and support for gas prices key demands of the oil and gas industry: ICRA

    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

  • Budget 2021 expectations | Focus on agriculture to continue, Budget to be pivotal for fertiliser industry: ICRA Jan 03, 2021 10:59 AM IST

    Budget 2021 expectations | Focus on agriculture to continue, Budget to be pivotal for fertiliser industry: ICRA

    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

  • Budget 2021 expectations | Government should avoid sharp fiscal tightening Dec 31, 2020 03:30 PM IST

    Budget 2021 expectations | Government should avoid sharp fiscal tightening

    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.

  • Auto parts industry revenue to grow 16-18% in FY22; outlook revised from negative to stable: ICRA Dec 29, 2020 05:49 PM IST

    Auto parts industry revenue to grow 16-18% in FY22; outlook revised from negative to stable: ICRA

    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.

  • Securitisation volumes likely to bounce back in FY22: Icra Dec 22, 2020 05:17 PM IST

    Securitisation volumes likely to bounce back in FY22: Icra

    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.

  • ICRA upgrades outlook for Indian steel sector to stable Dec 14, 2020 09:32 PM IST

    ICRA upgrades outlook for Indian steel sector to stable

    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.

  • Gold jewellery demand to decline 35% in FY21: ICRA Nov 27, 2020 05:52 PM IST

    Gold jewellery demand to decline 35% in FY21: ICRA

    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.

  • India’s GDP contraction in Q2 slowed to 9.5 percent: ICRA Nov 19, 2020 03:52 PM IST

    India’s GDP contraction in Q2 slowed to 9.5 percent: ICRA

    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.

  • Residential realty segment records 60% Q-o-Q sales growth in Q2 FY2021 Nov 05, 2020 05:43 PM IST

    Residential realty segment records 60% Q-o-Q sales growth in Q2 FY2021

    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.

  • InvITs to acquire over Rs 4 lakh cr of infra assets in five years: Icra Oct 20, 2020 07:08 PM IST

    InvITs to acquire over Rs 4 lakh cr of infra assets in five years: Icra

    The instrument has become an attractive investment vehicle as regulatory and taxation regime governing InvITs have significantly evolved over the years, the agency said.

  • Apparel exporters' turnover to dip 25% in FY21, domestic retailers to see 40% revenue fall: ICRA Oct 15, 2020 06:57 PM IST

    Apparel exporters' turnover to dip 25% in FY21, domestic retailers to see 40% revenue fall: ICRA

    Indian apparel players are banking on the upcoming festive season to recover meaningfully from their all-time low sales, ICRA said in a report.

  • Recovery in domestic air passenger traffic continues in September: ICRA Oct 05, 2020 05:11 PM IST

    Recovery in domestic air passenger traffic continues in September: ICRA

    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.

  • Brokerage industry on a roll, expect 10-12% revenue growth in FY21: ICRA Sep 24, 2020 01:05 PM IST

    Brokerage industry on a roll, expect 10-12% revenue growth in FY21: ICRA

    Brokerage companies having their own assets (hard assets or securities) and strong balance-sheets would be better placed, ICRA has said.

  • 3-Point Analysis | India’s current account may register $30 billion surplus in FY21, says ICRA Sep 23, 2020 02:23 PM IST

    3-Point Analysis | India’s current account may register $30 billion surplus in FY21, says ICRA

    Is this surplus in current account temporary? Let's find out in this edition of 3-Point Analysis.

  • Road transport corporations' revenues to contract 35-40% in FY21 due to COVID-19 challenges: ICRA Sep 16, 2020 04:41 PM IST

    Road transport corporations' revenues to contract 35-40% in FY21 due to COVID-19 challenges: ICRA

    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.

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