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India’s sprinting recovery faces some final hurdles going ahead Premium Capital spending has a higher growth multiplier effect and public spending results in crowding-in of private capex. 2 min read Bank balance sheets are still stuck with legacy bad assets and this could impact India’s revival Share Via Read Full Story The recent improvement in high-frequency data has boosted the prospects of India’s economic recovery. Electricity consumption, freight, commercial vehicle sales, manufacturing output and imports have all reached pre-pandemic levels. While rejoicing is warranted, analysts have begun to flag risks that lie ahead. Policy measures from both the government and the Reserve Bank of India (RBI) have provided enabling conditions for the recovery to gain traction. So, what could go wrong? ....
Goldman-backed ReNew Power agrees to merge with RMG II SPAC Premium (Photo: Mint) . Updated: 24 Feb 2021, 05:40 PM IST Bloomberg The deal will give Goldman Sachs -backed ReNew an enterprise value of $8 billion and will close in the second quarter, according to a statement Share Via Read Full Story ReNew Power, India’s biggest renewable power producer, has agreed to merge with blank-check company RMG Acquisition Corp. II. The deal will give Goldman Sachs Group Inc.-backed ReNew an enterprise value of $8 billion and will close in the second quarter, according to a statement published Wednesday. TRENDING STORIESSee All 1 min read 1 min read ....
UPSC exam: SC denies one more chance to aspirants who exhausted last attempt in 2020, dismisses plea Premium SC rejects plea for extra chance to appear in UPSC civil services exam by aspirants who exhausted their last attempt amid COVID-19 pandemic 1 min read Share Via Read Full Story The Supreme Court on Wednesday gave its verdict on the Union Public Service Commission (UPSC) Civil Services Prelims 2021 extra attempt. Dismissing the petition seeking a second shot at the civil service examination due to the Covid-19 pandemic and age bar, the apex court has said that no extra chance will be given to the UPSC candidates who exhausted their last attempt in October 2020. ....
Supreme Court to hear Airtel, Vi’s plea over AGR recalculation in two weeks An SC bench had directed telcos to make 10% upfront payment of their AGR dues, with a 10-year payment schedule, beginning 1 April, 2021. (Photo: Mint) 1 min read Ending a 14-year legal battle between the DoT and telecom operators, the apex court, in October 2019, had upheld the department s definition of AGR and ordered telcos to pay levies based on that definition, along with interest on the principal amount and penalty Share Via Read Full Story NEW DELHI: The Supreme Court on Wednesday said it will hear in two weeks Bharti Airtel Ltd and Vodafone Idea Ltd’s plea seeking recalculation of their adjusted gross revenue (AGR) dues. ....