Mint Budget LIVE Panel: What financial markets hope for in Budget 2021
Governments across the world are spending their way out of the present covid-19 triggered crisis. India’s central government hasn’t made a a big splash with spending, given fiscal constraints. The economy got its booster shot largely through credit, rather than fiscal support. But now, with the recovery setting in, the economy requires its fiscal dose and markets are ready with their list of must-dos for the finance minister.
Joining our moderator Mitali Mukherjee are Pranjul Bhandari (chief India economist, HSBC), Neelkanth Mishra (India strategist and co-head of equity strategy, Asia Pacific, at Credit Suisse), R Sivakumar (head – fixed income at Axis Mutual Fund) and Vetri Subramaniam (head – equity at UTI Mutual Fund).
January 27, 2021
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‘Tandav,’ ‘Mirzapur’ come under the scanner, Netflix brings ‘The White Tiger’
The Supreme Court has issued notice to the Centre, Amazon Prime Video, and makers of crime drama Mirzapur---Excel Entertainment--in a plea seeking a ban on the series. In the latest episode of its show, 'Business of Entertainment', Mint's Lata Jha goes through the financial performance of what’s buzzing in the world of entertainment.
January 25, 2021
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How self-commodification is becoming the future of e-commerce
In the latest dispatch of Mint Startup Diaries, we speak with Mohit Bhatnagar, Managing Director, Sequoia Capital India, and Radhika Sridharan - Partner - Bain & Company, who has recently co-authored a report "unlocking the future of commerce in India". According to the experts, e-commerce—powered by cheap data, supply-side innovations and digitally savvy customers—has become a $30 billion industry in India in fiscal year 2020. More than 100 million of India’s estimated 572 million Internet users purchase products online. And the next frontier is social, they posit. Watch the full video to know more.
January 25, 2021
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Mint Budget 2021 LIVE: Large stimulus on the cards for infrastructure sector?
Infrastructure projects cost a lot of money and take years to build, but they are critical to India's growth engine. In this discussion, Mint asks what shape and form Budget 2021's infrastructure stimulus should take. Will the government speed up execution of the National Infrastructure Pipeline or is a mega development finance institution the answer? Joining our moderator Mitali Mukherjee are Puneet Dalmia, MD, Dalmia Bharat Group, RN Singh (Principal Executive Director, Railway Board), VR Sharma (MD, Jindal Steel and Power Ltd), Saugata Bhattacharya (Executive Vice President, Business and Economic Research, Axis Bank), and Deep Gupta (MD, Macquarie Infrastructure and Real Assets).
January 25, 2021
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‘Allow banks to operate freely…’: Ananth Narayan on bad loan problem
Associate Professor SPIJMR Ananth Narayan spoke about the band loan problem in India. Ananth said the banking system should be allowed to operate freely, should be made accountable. “Get the bad assets into one place from where recovery is possible,” Ananth added. The discussion with journalist Mitali Mukherjee was part of Mint's Road to Recovery series focused on the upcoming Budget. Watch the full video for more.
January 22, 2021
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‘Budget 2021 has become an event even before it is tabled’: Roopa Kudva
MD Omidyar Network India Roopa Kudva spoke on the upcoming union budget. Kudva spoke about the three agendas that the budget needs to address this year. Kudva said that this budget has become an “event” even before it is tabled. The discussion with journalist Mitali Mukherjee was part of Mint's Road to Recovery series focused on the upcoming Budget. Watch the full video for more.
January 22, 2021
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Budget 2021: Moradabad brass, handicraft industries expect supportive measures
Handicraft industries in Uttar Pradesh expecting supportive measures from Budget 2021. Brass artisans in Moradabad expect this year's budget will help boost their businesses. "We expect supportive measures from the union govt for brass artisans," said an artisan. "I urge the government to cut down electricity charges so that workers can make more profit," another artisan said. Earlier this week, FM Nirmala Sitharaman had held a meeting with state finance ministers. The state ministers had suggested steps to revive growth and boost revenue collection in the backdrop of Covid-19 crisis. The Union Budget 2020-21 will be presented at 11 am on February 1.
January 22, 2021
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‘Infrastructure funding will kick-start…’: BSE CEO on economy, market
BSE MD and CEO Ashish Chauhan spoke on the steps that can be taken to kick-start the economy and maintain the momentum. Chauhan said that the economy is picking up and it is a good sign. “How do you build the momentum? The first kick-start will come from infrastructure funding,” Chauhan said. Chauhan added that the textile side is the easiest way to export at the lowest capital cost. The discussion with journalist Mitali Mukherjee was part of Mint's Road to Recovery series focused on the upcoming Budget. Watch the full video for more.
January 21, 2021
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‘Need a strong bank backbone’: BNP Paribas India CEO on banking industry
BNP Paribas India CEO Aymar De Liedekerke Beaufort spoke on the banking industry and its recovery in India. Beaufort said that India needs a strong bank backone. He said that “the real question on the banking sector would be – Is India equipped with the right banks, with the right size, is the discipline of lending loan is on the right way.” The discussion with journalist Mitali Mukherjee was part of Mint's Road to Recovery series focused on the upcoming Budget.
January 21, 2021
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‘Not just survival of financial ecosystem…’: Ananth Narayan on bad loans
Associate Professor at S. P. Jain Institute of Management and Research, Anath Narayan spoke on the bad load situation in India and how it affects the upcoming union budget. Narayan said that “objective as far as we are concerned is not just the survival of financial services ecosystem. This ecosystem needs to be in the shape and form to finance our tremendous growth aspirations and potential. The discussion with journalist Mitali Mukherjee was part of Mint's Road to Recovery series focused on the upcoming Budget.
January 21, 2021
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Watch: India sends Covishield vaccines to Bhutan & Maldives
India on Wednesday sent coronavirus vaccines to Bhutan and Maldives. India is sending doses of the Covishield vaccine. Trucks with Covishield left from Pune’s Serum Institute of India for Bhutan. The move is in keeping with India’s “neighborhood first” policy. Consignments were airlifted and handed over to officials in Maldives and Bhutan. India will also be dispatching vaccines to Bangladesh, Nepal, Myanmar, and Seychelles. This comes days after India launched the Covid-19 vaccination drive on January 16. Watch the full video for more details.
January 20, 2021
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‘Master’ brings box office cheer, ‘Tribhanga’ comes to Netflix
Tamil film Master has set the stage for box office recovery this Pongal with expected weekend collections of Rs. 100 crore. In the latest episode of its show, 'Business of Entertainment', Mint's Lata Jha goes through the financial performance of what’s buzzing in the world of entertainment.
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January 18, 2021
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Mint Budget 2021 LIVE Panel: Financing the Growth Revival
Should there be a bank recap plan in the Budget? Or should the govt announce privatization of major state-owned banks? What else can/should the Budget do to create a financial system that can support higher growth and job creation? How can the budget aid in better financial intermediation - banking or markets? Tune into the Mint panel discussion on the big questions in banking and the economy as we approach Budget 2021. Joining our moderator Mitali Mukherjee are Ashish Chauhan (MD and CEO, BSE), Roopa Kudva (MD, Omidyar Network India), Aymar De Liedekerke Beaufort (CEO, BNP Paribas India) and Ananth Narayan (Associate Professor, SPJIMR)
January 17, 2021
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Watch: PM Modi launches vaccine drive against Covid in India
Prime Minister Narendra Modi launched India's vaccination drive against Covid-19 on January 16, 2021. PM said that exactly a year ago, India had taken its first step to battle Covid, by forming a high-level committee to monitor the spread of the disease. He also appealed to people to take both the doses of the vaccine on time, and not stop taking other precautions like social distancing and use of masks. He said that India had set an example for the entire world in the fight against Covid. Watch the full video for more.
January 16, 2021
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How Made-In-India vaccines are different from foreign ones: PM Modi explains
Prime Minister Narendra Modi on Saturday launched the nationwide vaccination drive for the novel coronavirus. He explained how Made-In-India vaccines are different from foreign ones. PM Modi said that the Indian vaccines are inexpensive and easy to use. Billed as the world's largest vaccination programme, covering the entire length and breadth of the country, the drive aims to first inoculate millions of its healthcare and frontline workers and reach an estimated 3 crore people by the end of its first phase. A total of 3,006 session sites across all states and Union Territories were virtually connected during the launch. The union health ministry has said that around 100 beneficiaries will be vaccinated at each session site on the inaugural day.
January 16, 2021
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Watch: India's first vaccine recipients get shots after PM Modi's speech
After a wait of almost a year, the end to the Covid-19 pandemic seems to be in sight. India launched its vaccination drive against the disease on January 16, 2021 after Prime Minister Narendra Modi addressed the nation. Healthcare workers and frontline workers are part of the first phase of vaccination. Watch the full video for more.
January 16, 2021
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'Please do not...': PM Modi's message amid Covid vaccine launch in India
Prime Minister Narendra Modi on Saturday launched the nationwide vaccination drive for the novel coronavirus and urged people to positively get the second dose of Covid-19 vaccine. Emphasising to follow Covid protocols, PM Modi said the start of vaccination does not mean people should stop wearing masks or violate maintaining social distancing. Billed as the world's largest vaccination programme, covering the entire length and breadth of the country, the drive aims to first inoculate millions of its healthcare and frontline workers and reach an estimated 3 crore people by the end of its first phase. A total of 3,006 session sites across all states and Union Territories were virtually connected during the launch. Around 100 beneficiaries will be vaccinated at each session site on the inaugural day, the union health ministry has said. In the first phase government and private sector health care workers, including Integrated Child Development Services workers, will receive the vaccine.
January 16, 2021
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‘Have to increase defence expenditure’: Shankar Acharya on Budget expectation
Dr Shankar Acharya, former Chief Economic Advisor to the Government of India said that the budget for defence should be increased. Dr Acharya was speaking about expectations from the Budget this year. The discussion with journalist Mitali Mukherjee was part of Mint's Road to Recovery series focused on the upcoming Budget.
January 15, 2021
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‘Time to bring GST back on track’: Montek Ahluwalia on Budget expectation
Montek Singh Ahluwalia, former deputy chairman of the erstwhile Planning Commission, spoke on the expectations from Budget this year. Ahluwalia said that it is time to bring GST back on track. He listed out the reforms that have been ‘staring us’. The discussion with journalist Mitali Mukherjee was part of Mint's Road to Recovery series focused on the upcoming Budget.
January 15, 2021
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‘Even if India were to grow 12% next year…’: Sajjid Chinoy on economy, Covid
Sajjid Z. Chinoy, Chief India Economist, JP Morgan spoke on the economy amid Covid and the upcoming budget. Chinoy said that there should not be a ‘type-2 error’. The discussion with journalist Mitali Mukherjee was part of Mint's Road to Recovery series focused on the upcoming Budget.
January 15, 2021
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