The incentives will flow in from the next fiscal at 6% (if the investments start from FY22) and will be reduced to 5% by FY25 and then to 4% in FY27.
Pranjul Bhandari, India chief economist, HSBC, observed that while India’s CPI inflation is under the 6% upper limit of RBI’s tolerance band, it has been higher that the 4% target for the last 19 months. Bhandari believes inflationary pressures could rise gradually in 2HFY22.
This was the fourth such review meeting held by the finance minister with various ministries and departments and second in a series of meetings scheduled for the infrastructure road map after the presentation of the Budget for FY22.
Zydus Cadila vaccine emergency use licensure in two weeksPowered by WPeMatico
UK was at 65,900 cases and US was at 1,02, 269 cases. Paul said India’s death per million population was at 245, while world average was 477 deaths per million. Brazil was at 2,100 deaths and US was at 1,838 deaths.Powered by WPeMatico
Zydus Cadila vaccine emergency use licensure in two weeks
"Further, it will help the MFIs provide financing support to their customers and resume normalised disbursements once the lockdowns are gradually relaxed and economic activities start functioning in normal manner," Hebbar said.
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