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Forex reserves cross $600bn for first time on foreign flows

India Business News: The country’s forex reserves crossed the $600-billion mark for the first time on the back of continued foreign investment flow into the capital market ....

Shaktikanta Das , Brickworks Ratings , Business News , Foreign Exchange , செங்கல் வேலைகள் ரேடிஂக்ஸ் , வணிக செய்தி , அந்நிய செலாவணி , வெளிநாட்டு பரிமாற்றம் ,

Power sector revival requires structural changes: Brickwork ratings

Power sector revival requires structural changes: Brickwork ratings
April 16, 2021
Around 60 GW thermal power capacity under stress
The revival of the country’s power sector requires meaningful structural changes, targeting an improvement in the operational efficiency, a reduction in cross-subsidies and cost-reflective tariffs.
According to Vipula Sharma, Director, Brickworks Ratings, in their sectoral report, “The power sector has been one of the major contributors to banks’ increasing NPA issue, with nearly 60 GW of thermal capacity currently being under stress.”
Meeting peak demand
Given the lack of storage facilities for renewable energy in the country, it is still not in a position to meet peak demand. Although SECI has been experimenting with hybrid and round-the-clock projects, their track record in meeting peak demand is yet to be seen. ....

Vipula Sharma , Brickworks Ratings , Power Sector , Peak Demand , Pli Scheme , செங்கல் வேலைகள் ரேடிஂக்ஸ் , பவர் துறை , உச்சம் தேவை , ப்லை திட்டம் ,

Crisil revises FY21 GDP contraction projection to 7.7 per cent on higher eco activity

Crisil revises FY21 GDP contraction projection to 7.7 per cent on higher eco activity
After its initial expectation of 9.5 per cent GDP contraction in FY21, the Reserve Bank revised up its estimate to 7.5 per cent earlier this month.
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By PTI
MUMBAI: Ratings agency Crisil on Monday revised upwards its FY21 GDP contraction estimate to 7.7 per cent from the earlier expectation of 9 per cent, and termed lower government spending as a constraint for growth.
The agency, which is a unit of Standard & Poor s, said a faster than expected revival in the economic activity in the second quarter, which continued in the festival season, is the prime reason for the upward revision in its estimate. ....

Reserve Bank , Brickworks Ratings , இருப்பு வங்கி , செங்கல் வேலைகள் ரேடிஂக்ஸ் ,

Crisil Revises FY21 GDP Contraction Projection to 7.7% on Higher Economic Activity

Crisil Revises FY21 GDP Contraction Projection to 7.7% on Higher Economic Activity
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Reserve Bank , Brickworks Ratings , இருப்பு வங்கி , செங்கல் வேலைகள் ரேடிஂக்ஸ் ,