Discover and read the best of Twitter Threads about #EconomyOnTrack
Most recents (7)
10 #GST deadlines/forms for FY20 that need to be complied with,by 31stAug 2020👇
1)#GSTR-4:It is an annual form to be filed by composition dealers
2) ITC 03:#ITC 03 is a form that is filed in special circumstances when input tax credit that has been availed,has to be reversed
1)#GSTR-4:It is an annual form to be filed by composition dealers
2) ITC 03:#ITC 03 is a form that is filed in special circumstances when input tax credit that has been availed,has to be reversed
Anidst the #COVID19 pandemic,the @narendramodi govt came out with a slew of steps to help #MSME sector-- a Rs 40000Cr fund to help distressed units by way of #Equity, Quasi-Equity& #SubordinatedDebt, guaranteed to the tune of 90% by govt's #CGTSME is easing stress!
#Modinomics💪
#Modinomics💪
Read👇 to know about eligibility criteria of #MSMEs that qualify, difference between #SeniorDebt & Subordinate Debt,Intetest Rate that will be charged,etc..
#economy
#economy
Amidst*
My thread 👇 on #RBIPolicy,the need to hold rates steady for now&analysis of #CanaraBank and #BankofIndia Nos
What is amply clear is,be it #SBI,#HdfcBank,Axis,or smaller Public Sector banks,there has been a dramatic improvement in #AssetQuality,which bodes well
#EconomyOnTrack
What is amply clear is,be it #SBI,#HdfcBank,Axis,or smaller Public Sector banks,there has been a dramatic improvement in #AssetQuality,which bodes well
#EconomyOnTrack
BIG decision by #RBI,is bringing #StartUps under priority sector lending--out of the box move
Move to give 5000Cr addnl liquidity to #Nabard&5000Cr to #NHB,will help agri&real estate
Decision to set up #InnovationHub will help tech innovation&ideation
@narendramodi govt cares!
Move to give 5000Cr addnl liquidity to #Nabard&5000Cr to #NHB,will help agri&real estate
Decision to set up #InnovationHub will help tech innovation&ideation
@narendramodi govt cares!
An event that slipped by quietly is,
#Moody’s upgrading #YesBank's long-term foreign&local currency deposit ratings,from Caa1 to B3
Foreign currency senior unsecured #MTN rating of #Yes,raised from (P)Caa1 to (P)B3
Rating upgrade,follows successful #FPO,where Yes raised 15000Cr
#Moody’s upgrading #YesBank's long-term foreign&local currency deposit ratings,from Caa1 to B3
Foreign currency senior unsecured #MTN rating of #Yes,raised from (P)Caa1 to (P)B3
Rating upgrade,follows successful #FPO,where Yes raised 15000Cr
Surprising,how mainstream media that went hammer&tong at the @narendramodi govt,in March 2020,when #YesBank collapsed,thx to a fraudulent #RanaKapoor&his ilk,is silent today,post the brilliant recovery of #Yes,coming back on track
PSB,#SBI,is doing a good job in resurrecting Yes
PSB,#SBI,is doing a good job in resurrecting Yes
A significantly improved #Solvency ratio,#Moodys said, "strengthens #YesBank’s resilience to potential asset quality risks from impact of economic slowdown& #coronavirus related disruptions"
Moody's also lauded Yes Bank’s funding&liquidity that moderately improved in June'20 qtr
Moody's also lauded Yes Bank’s funding&liquidity that moderately improved in June'20 qtr
German GDP down 10% in June qtr
France down 14%
Singapore minus 41%
#USGDP minus 32.9%,as per advance estimates
#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth
Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
France down 14%
Singapore minus 41%
#USGDP minus 32.9%,as per advance estimates
#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth
Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
Besides Farm sector,thx to Banking clean-up,by @narendramodi govt, #Banks are doing well too
#SBI reported 81% jump in net profit at Rs 4189Cr
Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%
#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#SBI reported 81% jump in net profit at Rs 4189Cr
Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%
#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#NetNPAs of #SBI fell from 2.23%,to 1.88%,in June2020 qtr
Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses
SBI made Covid related provisions worth 1836Cr inJune qtr
Total provisions against Covid related losses are 3008Cr
Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses
SBI made Covid related provisions worth 1836Cr inJune qtr
Total provisions against Covid related losses are 3008Cr
Amidst hype&hoopla,big news is,#Reliance,48 hours back,with market capitalization of $189 billion,overtook #Exxon,with market cap of $185.58bn
Reliance added $29bn in just last 14 trading sessions
With market cap of $1.7 trillion, #SaudiAramco is world's most valuable company
Reliance added $29bn in just last 14 trading sessions
With market cap of $1.7 trillion, #SaudiAramco is world's most valuable company
Clearly,#Oil will be biggest catalyst in the global economy this year&the next
India is slated to have Current Account Surplus(CAS)of 0.4% of GDP in 2020-21
This will be 1st time in 16 yrs that India will have a surplus-last time we had CAS,was under #Vajpayee
#EconomyOnTrack
India is slated to have Current Account Surplus(CAS)of 0.4% of GDP in 2020-21
This will be 1st time in 16 yrs that India will have a surplus-last time we had CAS,was under #Vajpayee
#EconomyOnTrack
Under inept @INCIndia,our Current Account Deficit(CAD)hit a precarious 4.9% in 2013
In FY18 #CAD was 1.8%
FY19,2.1%
FY20,0.9%
BIG achievement of @narendramodi has been,a strong India in terms of #External finances
Today,we have #ImportCover of 15 months,Vs 6-8 months under UPA
In FY18 #CAD was 1.8%
FY19,2.1%
FY20,0.9%
BIG achievement of @narendramodi has been,a strong India in terms of #External finances
Today,we have #ImportCover of 15 months,Vs 6-8 months under UPA
Axis Bank is yet another big Bank to report great results for June2020 qtr
NII grew 20% YoY to 6985Cr
NIM at 3.4%
GNPA fell to 4.72% Vs 4.86% QoQ, reflecting better asset quality
PAT was 1428Cr Vs loss of 1879Cr in preceding qtr&profits came about,despite higher provisioning💪
NII grew 20% YoY to 6985Cr
NIM at 3.4%
GNPA fell to 4.72% Vs 4.86% QoQ, reflecting better asset quality
PAT was 1428Cr Vs loss of 1879Cr in preceding qtr&profits came about,despite higher provisioning💪
Moratorium book of Axis,is just 9.7% of advances Vs 25-28%,earlier
Gravity defying moves of #Sensex are being questioned--well,truth is,1QFY21 results have been far better than consensus--From HdfcBank &ACC,to Bandhan Bank&Infosys, results point to fast paced recovery
#economy
Gravity defying moves of #Sensex are being questioned--well,truth is,1QFY21 results have been far better than consensus--From HdfcBank &ACC,to Bandhan Bank&Infosys, results point to fast paced recovery
#economy
Ignoramuses say,good results from #AxisBank are due to moratorium loans not being classified as doubtful assets or NPAs
Well,Axis has seen contingent provisioning of 1.2% at 6898Cr to cushion against NPAs&still declared healthy profits
Asset quality for most banks has improved
Well,Axis has seen contingent provisioning of 1.2% at 6898Cr to cushion against NPAs&still declared healthy profits
Asset quality for most banks has improved
