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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102207) | |
23421. Virus-led recession will leave economy scarred, says Fitch
- Fitch has projected potential growth to average 5.1% per year over 2020-2025
- The ratings agency said several reforms passed by Parliament in response to the pandemic such as labour and farm reforms could lift medium-term growth prospects
- The rating agency said even though the government has pre-ordered 1.6 billion doses of vaccine, including 500 million doses of the Oxford-AstraZeneca vaccine, it seems likely that the vaccine roll-out over the next 12 months will not reach the majority of the population considering the huge logistical and distribution challenges.
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23422. Pralay missile successfully test-fired, reached target with ‘high degree’ accuracy: DRDO
- Test-fired off the Odisha coast, the missile met all its objectives, the Defence Research and Development Organisation said.
- India on 22 dec 2021 successfully test-fired the surface-to-surface guided, short-range Pralay ballisitic missile, the Defence Research and Development Organisation (DRDO) said, adding that weapon met all its objectives.
- Secretary DD R&D and Chairman DRDO, Dr G Satheesh Reddy appreciated the team & said that this missile is a new generation Surface-to-Surface missile equipped with modern technologies & induction of this weapon system will give necessary impetus to the Armed Forces: DRDO officials
23423. Exports rise 16.2% , imports up 1.1% in first week of Jan
- Engineering goods and petroleum products have placed India’s exports on the growth track in the first week of January with outbound shipments posting an increase of 16.2 per cent (year-on-year) to $6.2 billion, according to preliminary data shared by the Commerce & Industry Mini
- Imports, too, registered a growth of 1.1 per cent during the week at $8.7 billion,
- due to a sharp increase in imports of pearls, precious & semi-precious stones and vegetable oil, compared to the same period of the previous year, according to data.
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23424. Automobile sales register 14 per cent growth in December
- PV sales are behind by 10 years, while two-wheeler sales are behind by seven years: SIAM
- In December, the domestic passenger car sales grew by more than eight per cent year-on-year (YoY) to 1,46,864 units compared with 1,35,531 units in December 2019.
- The utility vehicle sales also grew by around 20 per cent YoY to 94,787 units during the month as against 79,153 units in corresponding month previous year, the latest report shared by Society of Indian Automobile Manufacturers (SIAM) said on Thursday.
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23425. India took ‘very decisive’ steps to deal with coronavirus pandemic and its economic consequences: IMF chief
- IMF chief Kristalina Georgieva has praised India for taking “very decisive” steps to deal with the coronavirus pandemic and its economic consequences and asked the country to do more this year to support an accelerated transformation of the economy.
- The IMF Managing Director during a global media roundtable on Thursday predicted a less bad outlook for India in the upcoming World Economic Update due to the steps taken by it.
- Kristalina Georgieva predicted a less bad outlook for India in the upcoming World Economic Update
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23426. Sensex may breach 100k in 5 years as reforms take hold
- Robust foreign liquidity flows fuelled by ultra-loose policies at global central banks catapulted the BSE Sensex beyond 50,000
- A revival in earnings growth and structural reforms can propel the index to the 100,000-mark in the next five years, or even earlier, market experts said.
- The Sensex which first hit 1,000 in 1990 took almost three decades to touch the 50,000-mark
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23427. 100% Return: Sensex soars from 25,600 to 50,000 in just 10 months
- On March 24, 2020 Sensex touched a decadal low of 25,638.9 points after the announcement of the nationwide lockdown to tackle Covid. Interestingly, it took the index just 10 months to reach the landmark 50,000 mark.
- As the Indian equity indices logged new highs with the BSE Sensex hitting the 50,000 mark for the first time ever, the road to this landmark has been bumpy at times in the past one year, as it had plunged to around 25,000 points in March 2020.
- India received FIIs of around $22.5 billion or Rs 1.7 lakh crore in equities in 2020. Net FII inflow so far this month stands at Rs 20,098.53 crore. The Net inflow of foreign portfolio investment (FPI) so far in the current financial year stood at over Rs 2.38 lakh crore, according to NSDL data. This is the highest FPI inflow ever in a fiscal.
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23428. FPIs net investors at ₹18,456 crore in Jan so far
- According to depositories data, overseas investors pumped in ₹24,469 crore into equities but pulled out ₹6,013 crore from the bonds market between January 1-22
- Foreign portfolio investors (FPI) remained net buyers to the tune of ₹18,456 crore so far in January as global liquidity led to continued investment in emerging markets.
- The total net investment during the period under review stood at ₹18,456 crore. "The inflow into the Indian markets continue as global liquidity leads to more investments in emerging markets like India," said Harsh Jain, co-founder and COO at Groww.
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23429. 2020 में भारत में एफडीआई 13 प्रतिशत बढ़ा : संयुक्त राष्ट्र
- संयुक्त राष्ट्र ने कहा है कि डिजिटल क्षेत्र में दिलचस्पी के चलते भारत में 2020 में प्रत्यक्ष विदेशी निवेश (एफडीआई) 13 प्रतिशत बढ़ा, हालांकि इस दौरान ब्रिटेन, अमेरिका और रूस जैसी प्रमुख अर्थव्यवस्थाओं में पूंजी का प्रवाह बहुत तेजी से घटा।
- संयुक्त राष्ट्र ने कहा है कि कोविड-19 महामारी के बीच भारत और चीन ने विदेशी पूंजी को आकर्षित किया।
- रिपोर्ट के मुताबिक दुनिया में सबसे अधिक एफडीआई चीन में आया और यहां पूंजी प्रवाह चार प्रतिशत बढ़कर 163 अरब डॉलर हो गया।
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23430. IMF projects 11.5% growth rate for India in 2021, only country with double digit growth
- The IMF projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic.
- The International Monetary Fund's projections indicate a strong recovery for the Indian economy after it is estimated to have contracted by 8% in 2020.
- In fact, we are seeing a very strong decline in cases, which is again a bit different from other parts of the world. So, these factors, including what we’re seeing in terms of high frequency indicators, point to have somewhat faster pace of recovery. But again, there is still some distance to go, Gopinath said.
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