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Women and children across the world including India remained the worst affected groups during the Covid-19 pandemic (HT_PRINT)
Women and children across the world including India remained the worst affected groups during the Covid-19 pandemic (HT_PRINT)

Will Covid-19 vaccination roll-out help Indian economy heal?

  • Health economists believe that India’s vaccination program may help in economic recovery with the situation of women and children expected to improve
  • According to operational guidelines for vaccination issued by the Union health ministry, the Covid-19 vaccine is being offered first to healthcare workers

From The Wall Street Journal
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In the wake of covid-19, the ILO estimates that 400 million workers in India are at risk of falling into poverty. (Photo: Getty)
In the wake of covid-19, the ILO estimates that 400 million workers in India are at risk of falling into poverty. (Photo: Getty)

How India has become an unequal republic

  • Inequality based on class, rural-urban metrics and religion has risen. The pandemic will only make things worse
  • The elites who benefited thanks to the public sector, IITs, IIMs in the era of economic planning are the same class of people who benefited the most post the 1990s pro-business reforms

India’s September quarter GDP estimate at -7.5% after -23.9% in the June quarter positively surprised analysts (REUTERS)

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Tata Steel Ltd and JSW Steel Ltd are among India’s large steelmakers seen interested in Essar Steel India Ltd, Bhushan Steel Ltd, and Bhushan Steel and Power Ltd—three steel companies currently in bankruptcy courts. Photo: Bloomberg
Tata Steel Ltd and JSW Steel Ltd are among India’s large steelmakers seen interested in Essar Steel India Ltd, Bhushan Steel Ltd, and Bhushan Steel and Power Ltd—three steel companies currently in bankruptcy courts. Photo: Bloomberg

A level playing field for our steel players will boost infrastructure

The budget should ease their access to finance and rejig levies to help sharpen their competitiveness

The largest ETF is the iShares MSCI India ETF (INDA) with an AUM of $5.13 billion. It was set up in 2012 and has grown its AUM by almost 1,000 times since then, indicating a strong interest in India investments (Photo: iStock)
The largest ETF is the iShares MSCI India ETF (INDA) with an AUM of $5.13 billion. It was set up in 2012 and has grown its AUM by almost 1,000 times since then, indicating a strong interest in India investments (Photo: iStock)

ETF investors from US bet big on India

  • Enquiries from NRIs living in the US looking to invest in India are growing by almost 15-20% month-on-month
  • According to ETF Database, there are 12 India-focused ETFs listed in the US with an AUM of $7.26 billion as of 26 January

Safari is based on the D8 platform from Land Rover which allows for further drive train enhancements
Stock markets had a rough year just about everywhere. Photo: iStock

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Antony Blinken  (AFP)
CII also thinks that the limit of standard deduction should be substantially increased in the Union Budget 2021 (REUTERS)
CII also thinks that the limit of standard deduction should be substantially increased in the Union Budget 2021 (REUTERS)

Income tax: Standard deduction limit may be increased in Budget 2021

  • To boost consumption in a pandemic-battered economy, the hike in standard deduction will be a good idea, according to experts
  • The standard deduction for salaried employees should be increased to 1 lakh in India in Budget 2021, FICCI said

Industrialist Anand Mahindra addressed the World Economic Forum’s online Davos Agenda Summit on Tuesday. (Photo: Mint)
(Representational image) (AP)
This is the third year in a row that India has kept its number four position globally after the US, China and the UK ( Photo: iStock)
This is the third year in a row that India has kept its number four position globally after the US, China and the UK ( Photo: iStock)

Indian startups attract $10.14 bn in funding in 2020: Report

Weathering negative sentiment, seed stage investment deals grew by 50% from $353 million over 420 deals in 2019 to $372 million over 672 deals in 2020, the report said

File Photo: Kristalina Georgieva, IMF Managing Director (AP)
In December, the group’s container terminal business raised $300 million through an overseas bond issuance. (REUTERS)
In December, the group’s container terminal business raised $300 million through an overseas bond issuance. (REUTERS)

Adani Ports to raise $500 mn via bonds

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced a $500 million bond sale, its second such offering in the last few months, as the Adani group flagship seeks to capitalize on benign interest rates overseas

A medical staff member prepares the Pfizer-BioNTech Covid-19 vaccine injection (AP)
Swaraj Abhiyan leader Yogendra Yadav  (PTI)
(File photo) Demonstrators participate in a protest outside of McDonald's corporate headquarters (AFP)
(File photo) Demonstrators participate in a protest outside of McDonald's corporate headquarters (AFP)

Democrats unveil $15 minimum wage bill ahead of stimulus action

  • It would phase in the hike from the current $7.25 to $9.50 this year and the full $15 by 2025
  • The proposed bill would also raise the tipped minimum wage and youth minimum wage, by phasing both out by 2027

Britain's Prime Minister Boris Johnson  (AFP)
The company is amongst the leading wires and cables manufacturers in India and is also growing its range in FMEG
The logo of Sanofi is seen at the company's headquarters in Paris (REUTERS)
Farmers stand on the ramparts of Red Fort (AFP)
Finance Minister Nirmala Sitharaman will present the Union Budget on 1 February 2021.  (PTI)
Finance Minister Nirmala Sitharaman will present the Union Budget on 1 February 2021. (PTI)

Budget 2021: Expecting big income tax relief this year? 'Very unlikely'

  • 'The salaried class could be disappointed if it’s expecting for reduction in tax rates,' said Divakar Vijayasarathy, founder & managing partner, DVS Advisors LLP
  • To push growth and the economy ahead, the centre is likely to bring some revenue-raising policies this year

Indian Railways
On Saturday, the Saudi-led military coalition engaged in Yemen had said it had intercepted and destroyed an 'enemy air target' launched towards Riyadh (Photo: Reuters)
On Saturday, the Saudi-led military coalition engaged in Yemen had said it had intercepted and destroyed an 'enemy air target' launched towards Riyadh (Photo: Reuters)

Blast shakes Saudi capital Riyadh: Report

At least one loud explosion shook Riyadh today, three days after the kingdom intercepted a projectile over the Saudi capital. Some residents reported hearing two blasts on social media

Financial planning is not limited to asset allocation, retirement planning, children’s education corpus building, or innumerable scenario analysis. Photo: iStock
Financial planning is not limited to asset allocation, retirement planning, children’s education corpus building, or innumerable scenario analysis. Photo: iStock

How to make a financial plan and stick to it

  • A financial plan can help you be on track and lays down the roadmap for you to achieve your goals. It considers your current financial situation and offers strategies that will help you to accomplish your objectives

Protesting farmer march to the capital on the Republic Day (AP)
Protesting farmer march to the capital on the Republic Day (AP)

Explained: What farmers want and why they are protesting

  • Thousands of farmers have been camping at several Delhi border points since 26 November
  • On 11 January, the SC stayed the implementation of new farm laws till further orders and decided to set up a 4-member committee to resolve the impasse between the Centre and farmers' unions protesting

Screen-grab of V-Mart website.
A proposal to allow limited liability partnerships to invest in the construction of townships, roads, hotels and hospitals is under discussion, the people said, asking not to be identified citing rules (Photo: Bloomberg)
A proposal to allow limited liability partnerships to invest in the construction of townships, roads, hotels and hospitals is under discussion, the people said, asking not to be identified citing rules (Photo: Bloomberg)

Budget 2021: Govt mulls easing rules to attract FDI in construction sector

A plan to allow 100% foreign direct investment (FDI) in animation, visual effects, gaming and comics sector may also find mention in the government’s budget to be presented Feb. 1

A relative of a coronavirus victim in China is demanding to meet a visiting WHO expert team, saying it should speak with affected families who allege they are being muffled by the Chinese government
A relative of a coronavirus victim in China is demanding to meet a visiting WHO expert team, saying it should speak with affected families who allege they are being muffled by the Chinese government

Relative of coronavirus victim asks to meet WHO experts in Wuhan

'We’ve been searching for the truth relentlessly. This was a criminal act, and I don’t want the WHO to be coming to China to cover up these crimes, said Zhang Hai, whose father died of Covid-19 on Feb. 1, 2020, after travelling to Wuhan and getting infected

US President Donald Trump (AFP)
US President Donald Trump (AFP)

Trump back in action, opens office to ‘carry on’ his administration’s agenda

According to a statement released Monday night, the 'office will be responsible for managing President Trump’s correspondence, public statements, appearances, and official activities to advance the interests of the US and to carry on the agenda of the Trump administration through advocacy, organizing, and public activism

Police and Paramilitary personnel stand guard during the farmers' tractor rally at NH 24 Akshardham Ring road in New Delhi on Tuesday. (ANI Photo)
Police and Paramilitary personnel stand guard during the farmers' tractor rally at NH 24 Akshardham Ring road in New Delhi on Tuesday. (ANI Photo)

Tractor rally: MHA orders temporary suspension of internet service in some areas

  • The internet services are snapped in areas of Singhu, Ghazipur, Tikri, among others, till midnight
  • Protesting farmers clashed with police at several places in the national capital and entered the iconic Red Fort and ITO

Under current income tax laws, switching in mutual funds attracts capital gains tax (Photo: iStock)
A large number of second-generation ‘desis’ are starting to mainstream themselves in US politics.
A large number of second-generation ‘desis’ are starting to mainstream themselves in US politics.

The Indian-Americans driving Biden’s agenda

  • Swift end to covid, a US-led global economic recovery and tackling China will all rely on 20 ‘desis’. Who are they?
  • People like Vivek Murthy and Vidur Sharma will be key to the covid plan that is expected to be rolled out within days. There are also several Indian-origin names in the national security team

Photo: Bloomberg
Photo: Reuters
Mike Lindell, CEO of My Pillow. (REUTERS)
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