Page 194 of ECONOMY

Economy on course to achieve 8-8.5% growth based on Q1 data: FinMin

IMF, in its April 2022 update of World Economic Outlook, has also projected India’s real GDP growth at 8.2 per…

July 19, 2022 17:55 IST

Government forms panel to make “more effective and transparent” MSP

The panel, headed by former agriculture secretary Sanjay Agrawal, will have 26 members including farmer representatives, agri-scientists and agri economists…

Updated: July 19, 2022 11:34 IST

GST fitment panel gets nod to design a margin scheme for tour operators

“The Council at its meeting in Chandigarh on June 28-29 has given in-principle approval for formulating a margin scheme for…

July 19, 2022 08:37 IST

Pre-packed, labelled food items of less than 25 kg/litre to attract 5% GST

In a detailed frequently asked questions (FAQs), finance ministry said, “GST would apply on such specified goods where the pre-packaged…

July 19, 2022 08:25 IST

Packaged food item sales rising in rural areas

Segments like food, snacks and lower price-point products have already seen reasonable demand in July so far, said Sanjeev Asthana,…

July 19, 2022 04:45 IST

Growth challenges ahead: Will the current circumstances be a repeat of 2019-20? Premium Story

This time around, economic recovery appeared robust and gained momentum in Q4 FY22.

Updated: July 19, 2022 09:24 IST

Edible oil retail prices to see sharp fall

To curb rising inflation, the government on May 24 allowed tariff-free imports of crude soyabean and sunflower oils during this…

July 19, 2022 03:45 IST

Expecting better demand for food staples in H2: Adani Wilmar CEO

Adani Wilmar announced a cut in MRP of varieties of oil by `5- 30 a litre (2 – 15%).

July 19, 2022 02:15 IST

Pre-packed, labelled cereals, pulses, flour weighing more than 25 kg exempt from 5% GST: FinMin

The Central Board of Indirect Taxes and Customs on Sunday late night issued FAQs clarifying various doubts and said only…

Updated: July 18, 2022 11:08 IST

Flows into NRI deposits moderate in April-May

The FCNR (B) deposits saw an outflow of $1 billion in the April-May period compared with an outflow of $597…

July 18, 2022 08:40 IST

Capital spending expanded to Rs 5 trillion in FY22 and exceeded the pre-pandemic level by 35%.

State revenues stronger: Revenue receipts surpass pre-Covid level in FY22

The states’ own tax revenue, which comprised 46% of the total revenue, rose 20% in FY22 from the pre-Covid period.

July 18, 2022 04:45 IST

Rupee fall fuels inflation, but makes exports competitive: Experts

The Indian rupee has been depreciating against the USD dollar and is nearing the psychologically key mark of 80, making…

July 17, 2022 15:23 IST

Need to manage subsidies in targeted manner to contain fiscal deficit: Government sources

In addition, the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) has been extended by six months till September 2022 to…

July 17, 2022 11:14 IST

China’s monetary policy has ample room to meet challenges: State media

China’s economy grew just 0.4% in the second quarter from the same period last year, down sharply from 4.8% growth…

July 17, 2022 08:56 IST

Close monitoring of trade deficit, portfolio outflows warranted, says RBI article

The central bank said the views expressed in the article are those of the authors and do not necessarily represent…

July 16, 2022 20:47 IST

The rupee on Friday rebounded from the near-80 levels to close higher by 17 paise at 79.82 against the US currency following a recovery in the domestic stocks and weakness in the greenback in overseas markets.

Stop ‘politics of jumlas’, immediately reform economic policies: Rahul Gandhi to govt

Government sources have said the strength of the US dollar has been uniform this year and it has appreciated against…

July 16, 2022 17:25 IST

Kharif sowing picks up, exceeds year-ago level

Monsoon in ‘excess’ range; July rainfall 42% above long period average.

July 16, 2022 07:37 IST

Growth prospects embedded in public capex: Sitharaman

Participating in the third meeting of the G-20 finance ministers and central bank governors in Bali, Sitharaman highlighted that evidence-based…

July 16, 2022 07:13 IST

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Michael Jackson, the King of Pop, has been named the top-earning dead celebrity by Forbes for the third year in a row. His estate earned a massive $105 million in 2025, making him the richest deceased musician. His posthumous success is due to his ownership of the ATV catalog and successful ventures like Cirque du Soleil shows and a Broadway musical.

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