As APHS concludes its capex cycle and loss-making ventures breakeven, the stage is set for APHS to double Ebitda and reduce capex to one-third over FY19–21.

VEDL’s H2FY19 operating numbers were mixed. Key highlights, O&G production fell 2% due to natural decline at Mangla field, though gas volumes were better; production at Zn-India was lower due to geo-technical problems at RA mine and FY19 silver volumes missed 650-700t guidance.

Dishwashing has been one of fastest-growing categories for JYL and we expect strong growth to continue on account of market share gains and lower overall penetration in the category.

Even as banks see a rise in core income and a drop in fresh bad loans, they may see a fall in non-interest income, with treasury income falling sharply on a sequential basis.

India’s cotton production is expected drop by over 5% in cotton season 2019 (the CS is usually from October 1, 2018, to September 30, 2019) due to low water availability and inadequate south-west monsoon in key cotton producing states and higher incidences of pest attacks.

India produces 6-7 million tonne raw cashew per annum, and was till recently the leading supplier of kernels to the global markets.

CAI’s current estimates for the North Zone, Madhya Pradesh, Telangana and Andhra Pradesh are lower by 1 lakh bales each compared to its previous month estimate.

The total corporate bond issuance in FY19 was Rs 6.1 lakh crore, just slightly higher than `6 lakh crore mopped up in FY18.

With India exporting roughly one-third of its cotton yarn production every year, trends in export demand play a crucial role in determining the overall performance of the domestic spinning sector. 

Last year’s cotton sowing was estimated at 126.44 lakh hectare. Scientists say that early cotton sowing may be responsible for pink bollworm attack.

There is nothing further the government can do, Kumar said, adding that there is liquidity, partial credit enhancement and interest rates have moderated. Asked about the progress made in the resolution of stressed NBFC Dewan Housing Finance (DHFL), Kumar said: “That you should ask the company.”

While we like the company’s diversified segmental presence, we moderate our order inflow and execution assumptions due to the ongoing economic slowdown and slower traction in railway EPC projects.

A new look DMN is coming your way tomorrow. There will be bells to add and whistles to re-tune, but we hope you like the look

No potato needed

Growth was already slowing before the corona outbreak; forcing industry to pay full wages imperils MSMEs’ survival

Global and multilateral institutions and national governments need to come together to make sure that the loss of income is offset through cash-and-kind support.

Risk has a known probability distribution. For uncertainty, the probability distribution is unknown. Covid-19 makes us confront uncertainty, not risk

Traditionally, our response to laws failing to arrest healthcare violence has been to simply increase the quantum and severity of punishment the next time.

Transfer amounts should also be linked to CPI. While PM-KISAN covers only farmers and is much more expensive and exclusive, such a transfer would avoid narrow coverage, also avoiding inclusion/exclusion errors

The impression was reinforced when Rajnath Singh, and not Shah, was appointed last month to head the 15- member high-power ministerial committee coordinating with states on ensuring movement of essential supplies during the lockdown.

Parliamentary panel’s recommendations aren’t bold enough, and in some areas, they are even regressive.

As more governments integrate the service—Himachal Pradesh was latest to do so, on April 21—one can expect traffic to increase.

Idealist notions of the State overtaking the Market as the one in charge are unfounded.

“The export without permission would have violated the law, thus, enforcement of such award would be violative of the public policy of India”, the SC said.

To bounce back from the pandemic quickly, India needs a stimulus package of at least 5% of GDP that focuses on broad-based development in laggard eastern states.

Can’t blame Corona for crisis, investment choice was poor

The Centre's fiscal management of the Covid crisis vis-a-vis availability of funds to states might result in creating a coercive, rather than a cooperative federalism.

The lockdown has achieved its purpose. Extending it may not be worth the cost.

In the long term, the govt will have to deepen its procurement operations, expanding from the wheat-paddy complex.

The president has claimed that he was being sarcastic when he talked about injecting disinfectant and exposure to high-dose UV rays as ways to fight Covid-19.

WHO’s Solidarity and Oxford’s RECOVERY trials can give a clearer picture on some drugs that showed early promise.

Covid-19 could benefit the dairy industry as consumers could shift from meat-based to dairy-based protein. The govt may consider reducing GST on ghee and milk fat from 12% to 5% .

Even a 25% fall in their incomes due to the lockdown will make 354 mn more people poor. fixing this with cash transfers will cost the govt Rs 19,500 cr per month.

The country’s NGOs and trade unions were critical in monitoring the situation, and reaching vulnerable groups.

It is not just the lungs, it affects the heart, kidneys, brain... this is making treatment—and a lasting cure—difficult.

An RT-PCR test takes several hours for the result to be available. We cannot make a patient who comes with a non-Covid-19 problem wait till that result is available.

Globally, experts are looking at “excess mortality” or mortality gaps as another measure of the coronavirus death toll. This approach compares the number of deaths during a certain period to the historical average.

Coronavirus is ensuring the trade-off, especially for developing economies is significant, notwithstanding efforts to strike a balance

A case could be made out for including chief ministers' relief funds in the list of entities eligible for corporate CSR funding

The industry is the most apt for creating livelihoods. Govt should consider supporting SMEs in the sector through tariffs to prevent their collapse due to the pandemic

Even supporting the poor—whose numbers will double—can cost Rs 65,000-130,000 crore per month

Extending the lockdown well beyond mid-May would shave 8-9% off the real GDP. but, the damage being done doesn’t seem to be filtering up to those in charge

Before tertiary infections take root, it could perhaps be a good to plan to decongest the slums by arranging travel of migrants to their home in orderly manner without losing time

It must include those quarantined as well instead of just the infected; wider testing critical if the app has to work.

Government orders on waiver of rents impinge on contractual rights.

Corona will worsen world hunger, while malnutrition facilitates increased vulnerability to the pandemic.

Bengal’s handling of the Covid outbreak raises many questions.

The Covid 19 crisis is an opportunity to redefine tax policy and law. A calibrated approach to balance welfare economics with a vision to pioneer economic activity and national growth is needed.

Today, when the US, China, UK, France, etc, which spend much more on healthcare than other nations are facing a crisis, one can very well understand how bad the situation could have been if the outbreak was in the third world, where a majority of global poor live with very little or no access to public health care. The situation would have been much worse.

India’s Achilles heel on ratings is its parlous state of fiscal affairs and the risk of a sharp deterioration of government debt to potentially ~75-80% of GDP.