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Business Economy

Economy firmly on the path of a V-shaped recovery, says Finance Ministry

Posted on Author NewsDesk

Finance Ministry flags prospects of a second COVID-19 wave as ‘downside risk’ India’s economy is firmly on the path of a V-shaped recovery after the collapse in the first quarter, and further improvement is expected in the third quarter, ‘notwithstanding some moderation’ in November’s indicators, the Ministry of Finance said on Thursday, attributing the recovery […]
Business Economy

Budget aftermath: reap the dividends, don’t fret

Posted on Author NewsDesk

Ever since the Finance Minister presented the Union Budget proposals, there has been a lot of heartburn about dividends becoming taxable. Sit back and relax, nobody has moved your cheese. Let’s get the perspective on what is happening, and where you need to set the temperature to suit the new climate. We will start with […]
Business Economy

Gross NPA ratio improves to 9.1% as of September-end: RBI

Posted on Author NewsDesk

As bad loan recognition process nears completion, gross non-performing loans of banks improved to 9.1% as of end-September 2019, compared to 11.2% in FY18, says a Reserve Bank of India (RBI) report. Net non-performing assets (NPAs) of all commercial banks reduced to 3.7% in FY19 as against 6% in FY18. “The gross NPA ratio of […]

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