India receives $35 billion FDI in first five months of the fiscal

The first five months of the financial year saw the highest-ever FDI
inflow. The inflow was 13 per cent higher than the same period last year.
During April to August 2020, the country received a total FDI inflow of
$35.73 billion. It is the highest ever for the first five months of a financial
year, according to the government. The inflow in the first five months of
this year is 13 per cent higher than $31.60 billion invested in the same
period last year.
Of this, FDI equity inflow accounts for $27.10 billion. It is also the highest
ever for the first five months of a financial year and 16 per cent more
compared to $23.35 billion in the first five months of 2019-20.
(The Asian Age 21-10-2020)

https://m.dailyhunt.in/news/india/english/asian+age-epaper-
asianage/india+receives+35+billion+fdi+in+first+five+months+of+the+fis
cal-newsid-n223638264?s=a&ss=wsp
WTO members discuss proposal of India, South Africa for easing IP

rules for COVID-19
As many as 40 members of the Geneva-based World Trade Organization (WTO) have
discussed a proposal submitted by India and South Africa for relaxing certain provisions in
intellectual property (IP) agreement with a view to contain the COVID-19 pandemic. Earlier
this month, India and South Africa have submitted a proposal suggesting a waiver for all
WTO members on the implementation, application and enforcement of certain provisions of
the TRIPS Agreement in relation to the prevention, containment or treatment of COVID-19.
(FINANCIAL EXPRESS 21-10-)2020

https://www.financialexpress.com/economy/wto-members-discuss-
proposal-of-india-south-africa-for-easing-ip-rules-for-covid-19/2110337/
Sales of manufacturing companies contracted 41.1% year-on-year in Q1

Aggregate sales of private sector manufacturing companies recorded a

sharp contraction of 41.1 per cent year-on-year in the first quarter of
2020-21, reflecting the impact of the pandemic induced lockdown, said
an RBI analysis on Tuesday.
The data on the performance of the private corporate sector during the
first quarter of 2020-21 has been drawn from abridged quarterly financial
results of 2,5361 listed non-government non-financial (NGNF)
companies, the RBI said.
(DECCAN HERALD 20-10-2020)

https://m.dailyhunt.in/news/india/english/deccan+herald-epaper-
deccan/sales+of+manufacturing+companies+contracted+41+1+year+on+year+i
n+q1-newsid-n223529432
Unemployment rate is still at double digits across 10 states

Despite an overall fall in joblessness across India, at least 10 states including

fairly industrialized ones like Haryana and Rajasthan are still reporting double-
digit unemployment.

Other than Haryana and Rajasthan which have reported 19.7% and 15.3%
unemployment rate, joblessness is also high in Delhi (12.5%), Himachal
Pradesh (12%), Uttarakhand (22.3%), Tripura (17.4%), Goa (15.4%) and
Jammu & Kashmir (16.2%), according to the September monthly data of the
Centre for Monitoring Indian Economy

(Hindustan Times 20-10-2020)

https://m.dailyhunt.in/news/india/english/hindustan+times-epaper-
httimes/unemployment+rate+is+still+at+double+digits+across+10+states-
newsid-n223286556
State govts' FY21 deficit seen higher at 5% of GSDP

State governments' deficit is seen higher at 5 per cent, up from earlier

estimate of 4.5 per cent of gross state domestic product (GSDP) as
Covid-19 continues to suppress economic activities resulting in lower
resource mobilisation and higher state expenditure, Kotak Institutional
Equities said on Monday.
In a research report on public finance, the brokerage said that finances
of state governments remain weak with a sample of 16 states suggesting
that revenue receipts fell 11.4 pet cent during 4MFY21, with bulk of the
decline coming from tax revenue (23 per cent).

(The Statesman 19-10-2020)

https://m.dailyhunt.in/news/india/english/the+statesman-epaper-
statesman/state+govts+fy21+deficit+seen+higher+at+5+of+gsdp-newsid-
n223170652
CPSEs to meet 75% of FY21 capex target by December

Finance Minister Nirmala Sitharaman on Monday exhorted large central

public sector enterprises (CPSEs) to achieve by December 75 per cent
of their planned capital expenditure (capex) target for 2020-21, to
support economic growth hit by the COVID-19 crisis.

She held a virtual meeting with secretaries of coal and petroleum &
natural gas, along with the chairman and managing directors (CMDs) of
14 CPSEs belonging to these ministries, an official statement said.

(Economic Times 19-10-2020)

https://economictimes.indiatimes.com/news/economy/finance/fm-pushes-
large-cpses-to-meet-75-of-fy21-capex-target-by-
december/articleshow/78746971.cms