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MC ExpertEye | What is that one big Budget announcement that startup founders are waiting for? The coronavirus outbreak has ravaged businesses. While some have begun to emerge from the blow, many are still struggling. Can the Budget help? Read on Representative image (PC- MoneyControl.Com) Note to Readers: MC ExpertEye is a weekly series of articles that will dive deep into an important topic by seeking answers from experts. The year 2020 hit the economy hard following the pandemic. While some of the businesses started seeing corrections only towards the second half of the year, some are sti...

Budget likely to focus on growth, structural reforms: Report Bank of America Securities India expects the budget to peg "fiscal deficit at a high 5 percent of GDP for FY22 and 7.2 percent for FY21, as it is likely to step up capex, recap public sector banks, push asset sales to break government monopolies, offer sops for real estate, tax cuts for lower income groups and creation of a bad bank". PTI Representative image (PC- MoneyControl.Com) The budget, to be presented on February 1, is likely to be less worried about fiscal deficit and will be foc...

Economic Survey 2021 | Timely stringent lockdown ensured V-shaped recovery The government ensured sectors like MSMEs and policies like PMGKY get fiscal stimulus for ensuring food security through public distribution system, direct benefit transfers to widows, pensioners and women, additional funds for MGNREGS, and debt moratoria and liquidity support for businesses, adds Economic Survey 2021. January 29, 2021 / 04:42 PM IST Inefficient bank boards and the failure of auditors to understand the ‘ever-greening’ problem added to bad-loan mess, says the survey. Finance Minister Nirmala Sit...

Under-capitalised banks may resort to zombie lending, hurt real economy: Economic Survey 2021 PSBs will require Rs 2 lakh crore over the next two years, as per rating agency Moody’s estimates. Representative image (PC- MoneyControl.Com) The Economic Survey 2021, released on January 29 ahead of Budget 2021, has called for adequate capitalisation of public sector banks. If capital is not provided, lenders may resort to risk-shifting, it said. In turn, impacting the real economic recovery. “Under-capitalised banks may again resort to risk-shifting and zombie lending, thereby severely exacerb...

Economic Survey 2021: Start-ups created 4.7 lakh jobs till December India is now home to 38 unicorns, with at least 12 startups getting added to the list in 2020, says the survey. Representative image (PC- MoneyControl.Com) More than 4.7 lakh jobs were reported by startups in the country till December 2020, the government's annual pre-budget Economic Survey said on January 29. The government recognised 41,061 startups out of which around 39,000 startups created these job opportunities. The survey did not specify the names of the companies or sectors that reported these jobs. It said the coun...