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Latest Articles in Economic Impact

Rs 81,179 Cr Due To States As GST Compensation For FY21

The economic impact of the pandemic has led to higher compensation requirement due to lower GST collection and at the same time lower collection of GST compensation cess

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Half Of Global Cotton Growing Regions May Face Severe Climate Risks: Study

Cotton makes up about 31 per cent of all raw material used in the global textile market, with a yearly economic impact of over USD 600 billion

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Barclays Cuts India's FY22 GDP Estimate To 9.2 Pc On Second Wave, Slow Pace Of Vaccinations

India's vaccination programme has slowed significantly, given persistent supply constraints and logistical challenges, the British brokerage said, adding the situation will only improve in the September quarter.

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PE/VC Deals Slowing Down Because Of Second COVID-19 Wave: EY

Investors will be closely watching the government policy action for combating this second wave and COVID resilient sectors will continue to be in favour in the short to medium term

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Credit Suisse Cuts FY22 GDP Forecast To 8.5-9 %

Credit Suisse expects a GDP impact of 100-150 basis points, even though considers the second wave is much more intense than the first in terms of daily cases and deaths, yet the economic impact is lower.

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Oxford Economics Lowers India's 2021 GDP Growth Forecast To 10.2 %

The economy projected to contract 8 per cent in 2020-21 while the Economic Survey 2020-21 sees 11 per cent growth in 2021-22.

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Artificial Intelligence And The Power Sector: A Promising Future

AI powers electrical grids that allow two-way communication between utilities and consumers. Smart grids are embedded with an information layer that allows communication between its various components so they can better respond to quick changes in energy demand or urgent situations.

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Indian Lenders' Bad Loans May Rise Significantly - Financial Stability Report

The gross Non-Performing Assets of banks may increase from 7.5% in September 2020 to 14.8% under a severe stress scenario.

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Germany Plans For $190 Billion In New Debt In 2021

Germany has taken unprecedented steps to help companies and small businesses to get through the crisis, freeing up billions of euros to prevent the economy shrinking further.

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Barclays Steps Up Provisions As Pandemic Hurts Consumer Business

That increase takes total provisions to 3.7 billion pounds for the half-year and analysts predict that sum to rise to 5.79 billion pounds for the full year.

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RBI Cuts Rates, Takes Steps To Counter Economic Impact Of Coronavirus

The RBI as a one-time measure cut banks' cash reserve ratio or the mandated requirement of setting aside funds with the RBI as cash to 3% from 4% from March 28 and up to March 26, 2021.

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Trump Unveils Plans To Stem Coronavirus Spread And Economic Impact

The United States will suspend all travel from Europe to the United States for 30 days starting on Friday, Trump said, adding there will be exemptions for Americans who have undergone screenings.

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