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monicasharmalove · 4 years ago

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GDP to fiscal deficit: Key numbers investors must watch in Budget 2021

India's yearly spending plan on Monday will be Prime Minister Narendra Modi's opportunity to spike interest and interests in an economy cratered by the world's second-greatest Covid flare-up.

His administration's development driven plans will be sketched out by Finance Minister Nirmala Sitharaman when she conveys the spending discourse beginning at 11 a.m. in New Delhi. She's relied upon to save more cash for medical services and framework advancement and part of the way pay for them by raising record sums by selling stakes in state-run organizations.

While the accomplishment of the spending plan relies upon how viably India can contain rising diseases through immunization drives in the country of more than 1.3 billion individuals, here are five key numbers to keep an eye out for in the spending plan:

Ostensible GDP

The IMF conjecture India's economy will extend 11.5% in the year beginning April, which is a higher than the 9.2% assessed in a Bloomberg overview. Add expansion of around 4.5% to those projections and you get an ostensible total national output development rate in the scope of almost 14%-16%. The number is key as spending suppositions for incomes and spending depend on this. A few financial specialists, including Samiran Chakraborty of Citigroup Inc., anticipate that ostensible GDP should be fixed at 15% - the bullish finish of the band.

#budget 2021 budget 2021 speech budget 2021 highlights union budget 2021 union budget 2021 India budget 2021-22 India date budget 2021 news u

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gizedcom · 5 years ago

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Business this week | The world this week

Jul 18th 2020

American banks had a mixed start to the second-quarter earnings season, as loan-loss provisions dented earnings. JPMorgan Chase reported net income of $4.7bn, around half what it made in the same period last year, but more than the $3.3bn analysts had forecast. Citigroup’s net income of $1.3bn also beat expectations, but was down by 73% year on year. Goldman Sachs reported net income of $2.4bn, unchanged from the same period a year ago. By contrast, Wells Fargo made a net loss of $2.4bn during the quarter. See article.

Singapore, which is among the first Asian economies to publish second-quarter GDP figures, announced that its economy had shrunk by a greaterthan-expected 41.2% quarter on quarter in the three months to the end of June. Meanwhile China’s GDP grew by 3.2% year on year in the three months to the end of June, beating forecasts. The figure followed a fall of 6.8% in the first quarter due to covid-19 outbreaks.

Britain said that Huawei’s equipment must be removed from the country’s 5G mobile networks by 2027. It also banned the Chinese company from providing new telecoms kit by the end of the year. The British government admitted that the decision, a U-turn from its previously less hostile position towards Huawei, will delay the country’s roll-out of 5G by up to three years. See article.

PepsiCo reported a fall in profits but still beat analysts’ expectations. The American maker of fizzy drinks and snacks made net revenues of $15.9bn in the three months to June 13th, 3.1% less than in the same period a year ago. Bumper sales of snacks such as Frito-Lay crisps to people stuck at home during lockdown were offset by the damaging impact of restaurant closures on sales of its drinks.

Delta reported a pre-tax loss of $7bn in the second quarter, the second largest in the American carrier’s history. Travel restrictions helped to reduce operating revenue by 88% year on year. The airline also announced plans to scale back its flying schedule for August and to shed at least 17,000 of its 91,000 employees through early retirement. The carrier said it hoped to lure back flyers with promises of extra aircraft cleaning, including “disinfectant electrostatic spraying”.

Over the white cliffs of Dover

The British government announced plans to spend £705m ($888m) on extra border infrastructure, including the construction of a 27-acre (11-hectare) lorry park in Kent for cross-border checks to take place. Britain is preparing for the imposition of trade controls between it and the European Union after the Brexit transition ends on December 31st. Even if a UK-EU trade deal is reached, officials calculate that firms will need to fill in an extra 215m customs declarations each year at an annual cost of about £7bn. See article.

The European Union’s second-highest court dealt Apple a victory, declaring it will not have to pay a €13bn ($14.8bn) Irish tax bill. The ruling overturns a decision made in 2016 by the European Commission and presents its head of competition, Margrethe Vestager, with a challenge as she investigates national tax deals.

Seemingly unharmed by India’s severe lockdown, Infosys, an Indian IT giant, reported that second-quarter profits rose to 42.3bn rupees ($558m), up by 11.5% year on year.

Shares in Moderna, an American biotech firm, soared after it reported that an early trial of its covid-19 vaccine produced a “robust” antibody response in the 45 volunteers who took it. However, a much larger trial will be needed before regulators can approve it.

In a sign that Britain is not heading towards a “V-shaped” recovery, British GDP grew month-on-month by just 1.8% in May after a drop of 20.3% in April. Economists had expected growth of 5.5% in May.

Nissan unveiled its first major new car since Carlos Ghosn was dismissed as its chairman in November 2018. Shares in the Japanese carmaker jumped after it revealed the Ariya, its new all-electric sport utility vehicle, online.

The European Court of Justice struck down an agreement that allowed companies in the bloc to transfer EU residents’ personal data to America. The surprise decision is a win for privacy activists, but could be costly for tech firms.

Hacked off

The Twitter accounts of several prominent American figures, including Barack Obama, Elon Musk and Bill Gates, were hacked by bitcoin scammers. In response Jack Dorsey, the firm’s chief executive, said “We all feel terrible this happened.”

This article appeared in the The world this week section of the print edition under the headline “Business this week”

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vsplusonline · 5 years ago

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Headlines on April 9th: Centre approves 3-phase plan to ward off the virus as India tally nears 6000

New Post has been published on https://apzweb.com/headlines-on-april-9th-centre-approves-3-phase-plan-to-ward-off-the-virus-as-india-tally-nears-6000/

Headlines on April 9th: Centre approves 3-phase plan to ward off the virus as India tally nears 6000

Odisha cabinet today decided to extend lockdown in the state till April 30, becoming the first state in the country to do so.

Meanwhile, a 3-phase, 100% centrally-funded 5-yr scheme to strengthen India’s healthcare system has been approved by the government.

On a global note, the world economy may be looking at a $5 trillion hit because of the pandemic, which is like losing Japan, a Citigroup report has said.

Track all the major developments here…

TALLY SO FAR

Goa’s first patient recovers

162 new cases in Maharashtra; Tally jumps to 1,297

50 health officials, 12 policemen among 93 cases in Bhopal

Cases rise to 28 in Himachal Pradesh

51 cases in Bihar now

9 more cases in Kerala; State tally reaches 345

Two fresh cases in Odisha; Total count rises to 44

6 new cases in Punjab’s Mohali; Total cases now 36

First case reported in Dhar, Madhya Pradesh

Chhattisgarh now has 11 cases

427 cases and 7 deaths reported in Telangana

4 new cases reported from Siwan in Bihar

3 more healthcare workers test positive at Delhi State Cancer Institute

5 cases reported in district Khandwa (MP)

55 new cases in Gujarat; Tally jumps to 241

12 more test positive in Bengal; Active cases now 80

4 more cases in Jharkhand; Total reaches 13

30 fresh cases in Rajasthan; State tally now 413

19 more cases in Agra; District tally reaches 84

55-yr-old patient dies in Punjab

70-yr-old becomes third casualty in Dharavi

61-yr-old from Udhampur passes away in Jammu

59-yr-old dies in Jalandhar

Doctor dies in Indore; Toll now 22

80-yr-old passes away in Karnataka

75-yr-old passes away in Bokaro

New death reported in Karnataka; Toll rises to 6

Two patients die in Pune; district toll rises to 20

World India Global Death Toll 1,511,104 5,865 88,338

HEALTH CHECK

ITBP hospital at Greater Noida dedicated for COVID-19 treatment

GB Pant Hospital removed from list of designated COVID-19 facilities

Mumbai NGO prepares personal protection kits for undertakers

Railways produce 6L face masks, over 40k litres of sanitiser

LIFE UNDER LOCKDOWN

Delhi HC suspends summer vacation for High Court & Subordinate Courts

Karnataka approves 30% cut in salaries of Ministers, MLAs

Wearing masks compulsory in Mumbai, Pune, Nashik, Nagpur

Gujarat to provide free ration to 60 lakh families

Army distributes pre-cooked food packets to needy in Ladakh

Amritsar installs disinfection tunnel in wholesale market

No prayers in mosques, shrines on Shab-e-Baraat in Kashmir

Railways introduces 109 time-table parcel trains on 58 routes

Govt extends Central Electronics bid deadline to May 16

MARKETS & ECONOMY

Sensex surges 1,266 pts, snaps 7-week losing streak; Nifty tops 9,100

NSE gives more time to brokers for submission of reports

India’s GDP for FY21 projected at 4.8% by UN report

India’s fuel consumption falls 18%

Petrol, diesel demand slumps 66% in April

AROUND THE WORLD

France to extend lockdown as virus deaths soar

Germany’s case count rises by 4,974, deaths by 246

Mainland China reports 63 new cases, 2 more deaths

Nearly 2,000 US deaths for second day in a row

Australia has lowest increase in 3 weeks

Japan cases reach at least 5,000

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emmastevensposts · 6 years ago

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Commercial or Corporate Card Market Outlook by Product Overview, Application and Regions 2026

Commercial or corporate card is a credit card issued by employers for their employees to make purchases on behalf of the company. Commercial card is generally issued by a retailer and bears the name of both retailer and Credit Card Company. Commercial cards are frequently used by companies to keep track of expenses in order to analyze more closely the effects on the company budget. Commercial cards for business include both Visa and MasterCard, which offers special credit cards designed to manage the employees’ spending and streamline their purchasing process. Commercial card offers flexibility to set employee-spending limits and restrict card usage for specific types of purchases. For instance, a card holder might be authorized to use the card only for purchasing office supplies.

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2091

Increasing Demand for Cashless Purchasing is one of the Major Drivers Propelling Growth of the Commercial or Corporate Card Market

Commercial or corporate cards help corporates to manage cash and vendors more effectively through detailed reporting on purchases through a wide range of billing and payment options for commercial card activity. The cost of commercial card usage is typically borne by corporates accepting commercial card payments. For instance, according to National Automated Clearing House Association’s (NACHA) analysis in 2015, issuers such as corporations, investment trusts, or foreign governments earned over US$ 7 to US$ 8 billion in interchange revenue by processing US$ 428 billion of commercial card payments, out of which around 80% of interchange revenue from foreign government is shared back with corporates using commercial cards.

Moreover, growing popularity of these among consumers, as it allows short-term loan instantly, which is the major factor for consumers to choose corporate card over cash. Corporate card companies offer incentives to card holders, such as points and rewards that could be redeemed in the form of airline tickets or products. These factors boosts corporate card transaction in the corporate or commercial card market.

Online Banking Application is one of the Major Restraints Hindering Growth of Commercial or Corporate Card Market

Rising online banking applications lowers commercial card popularity as it is convenient to make payments and track balance using mobile applications. For instance, in India Unified Payment Interface (UPI) has grabbed major market share. According to Reserve Bank of India data, transactions via UPI reached half the value of debit and credit cards swiped at stores in India till March 2018.

Browse Complete Report @ https://www.coherentmarketinsights.com/ongoing-insight/commercial-or-corporate-card-market-2091

Global Commercial or Corporate Card: Regional Insights

On the basis of region, the global corporate or commercial card market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

North America was the dominant region in commercial or corporate card market in 2017 and is expected to remain as the leading region throughout the forecast period. This is owing to growing customer base for credit cards and large number of commercial businesses in the region. According to coherent Market Insights, the purchase volume of commercial cards issued by selected credit card companies in the United States in 2015 and a projection therefore for 2020. It was found that the purchase volume of the commercial cards issued by Visa amounted to 2.76 trillion U.S. dollars in 2015.

Asia Pacific is expected to exhibit high growth over the forecast period. This is owing to growing BSFI sector in the region. For instance, according to Coherent Market Insights, banks in the emerging economies of Asia Pacific region are forecasted to maintain an asset growth of 13% CAGR during the period 2014-2019, while GDP per capita is forecasted to exhibit a CAGR of 5.1% during this period.

Global Commercial or Corporate Card: Competitive Landscape

Some of the key players operating in the global commercial or corporate card market include AirPlus International, Amazon.com, Inc., American Express Company, Bank of America Corporation, Union Pay, Citigroup Inc. , FleetCor Technologies Inc., JCB Co., Ltd, JPMorgan Chase & Co., MasterCard, PayPal Holdings, Inc., U.S. Bank, Universal Air Travel Plan Inc., Visa Inc., and WEX Inc.

Get Discount on this Report @ https://www.coherentmarketinsights.com/insight/request-discount/2091

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]

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trendingtechnology-blog1 · 6 years ago

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Commercial or Corporate Card Market to Incur Considerable Upsurge During 2018-2026

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2091

Increasing Demand for Cashless Purchasing is one of the Major Drivers Propelling Growth of the Commercial or Corporate Card Market

Online Banking Application is one of the Major Restraints Hindering Growth of Commercial or Corporate Card Market

Browse Complete Report @ https://www.coherentmarketinsights.com/ongoing-insight/commercial-or-corporate-card-market-2091

Global Commercial or Corporate Card: Regional Insights

On the basis of region, the global corporate or commercial card market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

Global Commercial or Corporate Card: Competitive Landscape

Get Discount on this Report @ https://www.coherentmarketinsights.com/insight/request-discount/2091

Global Commercial or Corporate Card Market: Taxonomy

Purchase Cards

Business Cards

Travel and Entertainment Cards

Others

Open-Loop cards

Closed-Loop cards

Small Business Card

Corporate Card

North America

Europe

Asia Pacific

Latin America

Middle East

Africa

About Coherent Market Insights:

Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]

#Commercial or Corporate Card Market Size Commercial or Corporate Card Market Analysis Commercial or Corporate Card Market Growth Commercial

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businessweekme · 7 years ago

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Want More Women on Corporate Boards? This Stat Helps: Gadfly

A global effort to bolster the number of women on corporate boards is taking longer than it should. But the recent performance of companies that lead their peers on this measure may accelerate change.

An MSCI study published this month shows just seven companies in its key global index, comprised of more than 2,500 members, have boards that are dominated by women. But of these seven, more than half have outperformed their industry peers. The list is led by luxury retailer Kering FP, which has seven women on its 11-person board. The Gucci owner has outperformed the entire index as well as the more-specific consumer discretionary index not only on a year-to-date measure, but also since the company added two more female directors in April 2016 to put women in the majority.

While it’s a small sample, the outperformance of this group is a supportive data point for heavyweight investors BlackRock Inc., Vanguard Group Inc. and State Street Corp., which are increasingly committed to backing more diversity on boards.

Importantly, there is some momentum in this area: The proportion of female directorships is climbing, albeit a little sluggishly. As of October, women held 17.3 percent of directorships at MSCI ACWI companies, up from 15.8 percent in 2016. As for getting to a targeted goal of 30 percent, that remains a stretch and likely won’t occur until 2028, a year later than MSCI’s previous projection of 2027.

Still, there has been progress: An earlier campaign to reach at least 20 percent by 2020 has already been met. Women hold 21.7 percent of directorships at U.S. companies within the MSCI ACWI index and while that’s better than the global average, companies could do more. As a nation, it’s notably ahead of Asia where boards comprised entirely by men are fairly common, especially in countries like Japan. But the U.S. is well behind parts of Europe like France, Italy and Norway, where there are mandatory gender quotas. On this basis, it also trails countries such as India, which requires public companies to have at least one female on a board of directors — a base figure that the U.S. should aspire to eclipse even without it being made compulsory.

An improvement in gender balance on boards of U.S. corporations may be easier to achieve in the current climate. Recent allegations of sexual harassment across industries and in public life have shaken up the status quo by shining a light on the entrenched conditions and practices that have allowed abuse to persist — and that in some cases may stymie growth and innovation. Companies now have the chance to be proactive, not reactive like Uber Technologies Inc. was when it added a second and then a third woman to its board after a harassment scandal. Or like Creative Artists Agency LLC, which said it would revise its management structure to include more women after being called out last week by the New York Times as part of Harvey Weinstein’s “complicity machine.”

To be fair, most of the largest U.S. companies — or more than 98 percent of the S&P 500 — have at least one woman on their boards, but this number drops to below 75 percent among smaller public companies, according to the data arm of Institutional Shareholder Services, ISS Analytics. So there’s room for improvement.

If companies need more incentive to make a change, there’s the relative underperformance of companies with male-only boards as of October, at least in the U.S.:

Notably, of the companies that outperformed above, refiner HollyFrontier Corp. added two women to its board just last month.

On a bigger scale, recent research from Citigroup Inc. found that the GDP in advanced economies could grow by 6 percent if gender equality in the workforce is pursued — a very real economic benefit. There’s no doubt that raising labor participation, hours worked and productivity to parity will be a massive challenge. But if there’s willingness to get closer and the tone is first set at the top or in boardrooms across the globe, that’s a step in the right direction.

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

The post Want More Women on Corporate Boards? This Stat Helps: Gadfly appeared first on Bloomberg Businessweek Middle East.

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#Companies & Industries #gender in the workplace #women in the workplace

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