Page 213 of ECONOMY

Government to meet industrialists to attract investments in north Bengal, says Mamata Banerjee

Chief Secretary HK Dwivedi will chair the meeting to be held in Siliguri, the largest city in north Bengal, on…

February 16, 2022 09:10 IST

Defiant January: Exports rise, deficit at 5-month low

In the first ten months of this fiscal, exports hit $336 billion, surpassing the previous annual record of $330 billion,…

February 16, 2022 08:17 IST

Latest Covid-19 wave had muted impact on growth, business activity back to pre-third wave level, report says

Tighter global financial conditions, worsening terms of trade, scarring effects on low income households and higher inflation are the negatives.

February 14, 2022 17:52 IST

How inflation and tangled supply lines are gripping economy

With the government reporting Thursday that consumer inflation reached 7.5% over the past year — a 40-year high — the…

February 11, 2022 13:54 IST

Growing revenues will lower fiscal deficit, says Revenue Secretary Tarun Bajaj

Speaking at a webinar organised by the Bengal Chamber of Commerce and Industry (BCCI), Bajaj said that the government had…

February 11, 2022 13:21 IST

Budget 2022: Govt contained retail inflation at 6.2 pc despite biggest contraction in economy, says FM Sitharaman

Replying to a general discussion on the Union Budget in Rajya Sabha, the minister said, the Budget for 2022-23 fiscal…

February 11, 2022 12:09 IST

RBI Monetary Policy Feb 2022: MPC must hike reverse repo rate, keep repo rate unchanged, stance accommodative

In the February policy, even as the RBI MPC maintains the accommodative stance and keeps the repo rate unchanged, the…

February 8, 2022 11:24 IST

The government raises money from the market to fund its fiscal deficit through dated securities and treasury bills. (Representative image)

Govt’s borrowing programme not to crowd out private investment, says Economic Affairs Secretary

Seth said the government expects that it will remain in the policy band of 4 plus/minus 2 percentage points for…

February 4, 2022 16:05 IST

Union Budget 2022, Nirmala Sitharaman, GDP

Growth oriented Budget 2022 accelerates govt’s efforts towards inclusive, sustainable development

The focus of the Union Budget 2022 was aimed at boosting growth and further infrastructure spending.

February 2, 2022 11:22 IST

Budget 2022 expectations: Govt should clarify disputes around Social Welfare Surcharge on import in budget

There have been indications about the Government’s intention to contain unproductive litigations and avoid tax controversies which are at the…

January 31, 2022 16:43 IST

Gross domestic product grew 2.8% over the whole of last year. (Reuters)

German economy shrank 0.7% in fourth quarter amid Covid-19 resurgence

The quarter-on-quarter decline reported by the Federal Statistical Office followed two quarters of solid gains that came despite persistent supply…

January 28, 2022 16:24 IST

The services sector cannot provide jobs in the required numbers, so the manufacturing sector, particularly the MSME segment of it, could play a major role in job creation.

Job creation should be Budget’s top priority: Duvvuri Subbarao, former governor, RBI

The increase in inequality is by far the deepest scar that the pandemic is going to leave behind. This has…

January 28, 2022 05:15 IST

The agency expects the fiscal deficit to come in at 5.8-6 per cent of GDP in 2022-23. (Representative image)

India Ratings projects economy to grow at 7.6% in FY23

Another factor that has impaired the consumption demand lately is an abrupt rise in the health expenditure of households.

January 20, 2022 15:32 IST

Double-digit growth: Putting Indian economy in a higher gear

Though Covid continues to be a source of uncertainty, the extensive

January 20, 2022 15:13 IST

Brace for costlier goods going ahead; manufacturers avoid price hikes despite high costs, but not for long

Manufacturers in India have avoided increasing prices even amid high input cost inflation but consumers must brace for price hike…

January 4, 2022 16:04 IST

Indian economy was expanding steadily before omicron hit, numbers show

All eight high-frequency economic indicators tracked by Bloomberg News were steady in November

December 28, 2021 09:11 IST

Similarly, such imports rose 34.7% on -year in December to $35.6 billion and 47.8% from the pre-pandemic level.

Exports rise 36% during Dec 1-21, says Union Commerce Ministry

“The value of export is USD 23.82 billion, up by 36.20 per cent over the same period of 2020-21 (USD…

December 27, 2021 19:42 IST

MPC member Jayanth R Varma expects decent growth in FY23

Varma expressed hope that in a few quarters from now, capital investment would begin to pick up even in the…

December 27, 2021 12:03 IST

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UltraTech Cement Q2 results: PAT zooms 75% YoY to Rs 1,232 crore

Industry2 hr ago

UltraTech Cement, the market leader in the cement industry, reported a 75% increase in net profit for the quarter ended September 30. This was driven by improved sales and lower energy costs. The company’s revenue for the quarter was Rs 19,371 crore, up 21.32% year on year. UltraTech’s target capacity addition for FY26 is 14.1 mtpa, and it plans to invest Rs 10,255 crore.

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