A call to print more money: Economic Survey sees a 'V-shaped recovery'

[Business-Standard]( Daily Newsletter 30 January 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 46285.77 (-588.59) [NIFTY]( 13634.60 (-182.95) GOLD (MCX 10 GM) 49070.00 (446.00) SILVER (MCX 1 KG) 69700.00 (2105.00) USD ($) / INR(Rs) 72.95 (0.01) Front Page [A call to print more money: Economic Survey sees a 'V-shaped recovery']( Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey [Highest since independence: Economic Survey pegs GDP growth at 11% in FY22]( This translates into real GDP growing only 2.4% over the absolute level of 2019-20 [Budget to be seen as part of mini budgets of 2020, says PM Narendra Modi]( Sitharaman is scheduled to present the Budget in the Lok Sabha on Monday [President Ram Nath Kovind defends new farm laws, condemns R-Day violence]( Some opposition MPs were heard raising slogans in the Central Hall's gallery. [Setback for Tata Steel, talks with SSAB to sell Dutch plant collapse]( Tata Steel confirmed on Friday that SSAB had withdrawn its initial interest, but the company said it was committed to arriving at a strategic ... ['Locals' clash with protesters at Singhu border; Cong-BJP in war of words]( The day saw police firing tear gas and resorting to baton charge to break up a clash between farmers and a large group of men claiming to be ... [Novavax Covid-19 vaccine shows 89% efficacy in UK clinical trials]( The trial has assessed its efficacy during a period with high transmission and with a new UK strain of the virus [Frontline workers to get covid vaccine starting early Feb: Health Ministry]( India had planned to vaccinate 10 million health and 20 million frontline workers as part of the first phase of vaccine roll-out [Markets see worst weekly setback since May, Sensex off 7.8% from peak]( FPIs sell Rs 5,931 crore on Friday, most since March [Output of eight core industries contracts 1.3% in December 2020]( During April-December 2020-21, the sectors' output declined by 10.1 per cent against a growth rate of 0.6 per cent in the same period of the ... Companies [Premium Content][Record steel prices help firms acquired under insolvency code out of red]( Tata Steel BSL has posted a profit of Rs 913.19 crore in the December quarter, its highest since its acquisition by Tata Steel in 2018 [Tech Mahindra profit rises 14% to Rs 1,310 crore in December quarter]( Margin during the quarter was 19.6 per cent, up 140 basis points quarter-on-quarter. [Localisation strategy for jobs would help address protectionism: Nilekani]( He said the strategy for the companies is to be an active player in every market that they operate and have an articulation of partnership with ... [Premium Content][Mumbai's dine-out, shopping plans get a boost with extended biz hours]( Move could prompt some shuttered eateries to reopen; late-night shoppers, diners now welcome [» Read More Stories in Companies]( Economy & Policy [Premium Content][Decoded: Seizing India's foreign assets won't be easy for Cairn Energy]( India can challenge the award in the courts of the seat of the arbitration - in this case, the Dutch courts [Economic survey 2020-21: Forget rating agencies, spend without fear]( Government spending becomes imperative at the time of excessive risk aversion in the private sector [Premium Content][Tight regulation vs discretion: Economic Survey pitches for transparency]( "The reality of incomplete contracts leads to inevitability of incomplete regulation. This makes some discretion unavoidable," says the Survey [Premium Content][Economic Survey's optimism about India's public debt looks misplaced]( India will not face the problem of debt sustainability even in the worst of scenarios till 2030, the Survey observed. [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [Capri Global]( 364.60 -0.30 [Cummins India]( 666.55 4.62 BSE TOP GAINERS Company Price (Rs) Change (%) [IIFL Finance]( 146.90 19.97 [Shriram Trans.]( 1291.65 16.22 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [Havells India]( 1044.45 -11.70 [KEI Industries]( 464.15 -6.83 [Sensex has recorded average 3% swing on Budget day, shows data]( Stocks tend to see huge gyration on Budget day as investors decipher the impact of the various announcements made by the Finance Minister [Premium Content][Incomes of listed brokerages soar in Q3 amid robust client additions]( Last year saw rise of 'Robinhood' phenomenon, or direct stock purchases during sharp correction; aggregate brokerage industry income up 8 per ... [Bumpy ride: Automakers hit reverse gear, BSE Telecom index down 2.9%]( In comparison, the benchmark Sensex closed the session with losses of 1.26 per cent. This was the worst show by the auto index in the last three ... [Premium Content][Shriram Transport: Business bounce back at full throttle in Q3]( Disbursements at pre-covid levels, assuring commentary on slippages and asset quality are positives [Brookfield launches Rs 3,800-cr IPO for its real estate investment trust]( Brookfield is an alternative asset manager [» Read More Stories in Markets]( Opinion [Premium Content][Budget for the victims: Some silent crises for Ms Sitharaman to address]( A consumption boost through continued pay-outs for another year to those at the bottom of the pyramid, and still more money for the employee ... [Premium Content][Shekhar Gupta: Yogi soars, UP sinks]( Uttar Pradesh under Yogi has seen little change for the better. But his personal political fortunes have soared enough to compete for attention ... [Premium Content][The Wall Street game]( Price moves in GameStop (listed as GME on the NYSE) have caused over $5 billion in hedge fund losses and pushed one fund to near-bankruptcy [Premium Content][Budgets, risk, and Knightian uncertainty]( Two bad ideas are being propagated so vigorously that, as so many times in the past, good pe­ople are considering adopting these bad ideas [Premium Content][A missed opportunity: Eco Survey fails to address the problem of employment]( The Survey concludes that the lockdown was a critical instrument in flattening the curve and saving lives [Premium Content][Over-the-top anger]( Tandav is the most recent addition to a wave of bolder, more controversial Indian series that have met with a backlash from the right-wing ... [Premium Content][Rafales and self-reliance]( India seeks self-reliance even as it faces the strategic challenge of a real two-front threat scenario. This calls for defence requirements to ... [» Read More Stories in Opinion]( Finance [Parliament to consider bills to ban private cryptocurrencies, set up DFI]( The Bill will prohibit all private cryptocurrencies in India, but will allow for certain exceptions to promote the underlying technology of ... [Bank retail lending moderates in December, farm and SME credit accelerates]( Impact of Covid-19-induced economic disruption continues to linger, lenders say [To avoid zombie lending, banks need fully empowered boards: Eco Survey]( The survey has put the blame of the current banking crisis on the zombie lending following the Global Financial Crisis in 2008 [India's bad loan problem is worse than what official numbers show]( Here's a look at the full extent of India's bad loan problem in selected financiers [» Read More Stories in Finance]( Technology [WhatsApp users reconsidering its use; Telegram is top alternative: Study]( Most users of WhatsApp are reconsidering usage of the instant mobile messaging app, a study said [Skullcandy Jib True review: Inexpensive wireless earbuds good for daily use]( Priced at Rs 2,999, the Skullcandy Jib True is a go-to wireless earbuds for those looking for one in budget segment [Samsung Galaxy S21 series, Galaxy Buds Pro goes on sale in India]( Samsung on Friday announced that the sale of its latest flagship -- Galaxy S21 Series and Galaxy Buds Pro has started in India [YouTube testing new feature to share short clips from videos, live streams]( YouTube is rolling out a new feature that would allow users to capture and share moments from videos and live streams. [» Read More Stories in Technology]( PF [Premium Content][10 terms you should track and decipher in the Budget 2021-22 document]( Experts say the terms mirror the govt's intentions, priorities and policies and provide a hint of financial resources among various sectors [Premium Content][Retirement homes: A haven for those too old to work, too young to die]( They aren't the popularly imagined dwellings for spurned old parents, but offer a holistic lifestyle for those among the elderly who still have ... [Exploring indexing annuity rates to inflation or G-secs: Irdai Chairman]( Annuity products may switch to floating rates from fixed, which generally give lower returns to customers [» Read More Stories in PF]( Beyond Business [Premium Content][Data and the Indian state]( A set of essays examines the interaction between the expansion of the digital economy and India's socio-political framework [» Read More Stories in Beyond Business]( [About us]( | [Partner With Us]( | [Job@BS]( | [Advertise with us]( | [Connect BS]( | [Refer a friend]( Ensure that you always receive messages from business-standard.com Add bsemailservices@business-standard.net.in to your Address Book or Safe List. If you can not view this message, please click here | For unsubscribe click here If you do not wish to receive Business Standard e-mails in the future, please [click here](mailto:rm-===Xmxkb===E5===La===Q===Bza3k===Bam===B9a0===Q=@mailmx1.stakemail.com?subject=Unsubscribe&body=Unsubscribe me.) to unsubscribe