Economy
Govt woos US investors to explore opportunities in power, renewable energy sector
More than 50 industry leaders cutting across various sectors of the economy including information technology, infrastructure developers, renewable energy producers, banking, aviation participated in the event, the statement said.
Tamil Nadu’s revised budget pegs FY22 fiscal deficit at 4.3%
“Our primary ambition for this revised budget is to lay the strongest foundation for the full budget for the financial year 2022-23 which the government will present in about six months,” he said.
Paddy planting marginally down at 349.24 lakh hectare so far: Govt data
Sowing of kharif picks up with the onset of Southwest monsoon rains, which have been 6 per cent below average so far in the season that began from June 1.
Exports up 49.85 pc in July to USD 35.43 bn; trade deficit at USD 10.97 bn
Imports during the month also rose by about 63 per cent to USD 46.40 billion, as per the data released by the commerce ministry.
Forex reserves rise by USD 889 mn to lifetime high of USD 621.464 bn
In the previous week ended July 30, 2021, the reserves had surged by USD 9.427 billion to reach USD 620.576 billion.
Central Board of RBI reviews current economic situation
The 590th meeting of the Central Board of Directors of RBI was held under the chairmanship of RBI Governor Shaktikanta Das through video conferencing.
IMF to provide USD 2.77 bn ‘unconditional’ funds to Pakistan this month
“Pakistan's share in the general allocation is 0.43 per cent and USD 2.77 billion would be transferred to our account,” he said.
Mixed bag: CPI inflation eases, IIP lags pre-Covid level
The index of industrial production (IIP) grew 13.6% in June, primarily driven by the base effect (it had shrunk 16.6% in June 2020).
Economy first: Current focus on growth for sure, says Finance minister Nirmala Sitharaman
'Privatisation plans to go unhindered; not yet time to pull back liquidity'
FTA negotiations expedited, some give-and-take inevitable: Piyush Goyal
While the government will try its best to ensure that the pacts don’t injure domestic industry, some amount of give-and-take in trade negotiations is always inevitable, he said, exhorting local play
Centre, states to allocate Rs 3 lakh crore for education, nutritional support
At present, around 15 crore children and youths between the ages of three and 23 are out of this system. Pradhan said the change is necessary to ensure a productive workforce.
Retail inflation eases to 5.59 pc in July
The Consumer Price Index (CPI) based inflation was 6.26 per cent in June and 6.73 per cent in July 2020.
Industry output grows 13.6% in Jun on low-base effect; manufacturing, mining recover
"The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID-19 pandemic since March 2020," NSO said in a statement.
PFC net profit up 28 pc at Rs 4,554 cr in June quarter
Its loan asset book grows at 9.5 per cent. Loan asset book for Q1FY'22 (April-June 2021) stood at Rs 7,49,373 crore versus Rs 6,84,383 crore in Q1FY'21 (April-June 2020).
FM Sitharaman says govt ready to do everything required to revive economy
There are indicators which suggest that the economy is buoyant and recovery is taking place post lifting of COVID-19 restrictions by states, she said while addressing the CII Annual Meeting 2021.
India cannot become next factory of world by copying China, says Niti Aayog CEO Amitabh Kant
Addressing a virtual event organised by industry body CII, Kant said India's private sector has to set ambitious targets for itself and focus on green hydrogen, high-end batteries and advanced solar p
Govt to notify RoDTEP rates by Friday: Commerce secretary BVR Subrahmanyam
The secretary also exhorted India Inc not to sit on excess cash reserves but to raise investments to be able to take advantage of strong growth in India’s key export markets.
Robust tax revenues this fiscal to improve tax-GDP ratio: Revenue secretary Tarun Bajaj
The governments’ gross tax collections (after refunds but before devolution) stood at Rs 5.31 lakh crore in Q1FY22, 97% higher than receipts of Rs 2.7 lakh crore in the Covid-affected Q1FY21 and 33%
Food grains output in 2020-21 crop year at record 308.65 MT as per 4th advance estimate
Releasing the fourth advance estimates of production of crops, agriculture minister Narendra Singh Tomar said the record production was possible due to “tireless work of farmers, skill of the scient
Govt finalising plan to monetise Rs 6 lakh crore infra assets: DIPAM secretary Tuhin Kanta Pandey
“There is a big asset monetisation pipeline where private sector participation is anticipated,” Pandey told industry representatives.
PM Modi to address Investor Summit in Gujarat via video conferencing
The Investor Summit is being organised to invite investment for setting up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Program or the Vehicle Scrapping Policy, the
Free vaccination likely to revive economy, provide steady work opportunities, says report
When respondents were asked their opinion on whether the vaccination campaign would improve the unemployment scenario or revive the markets, close to 85 per cent of individuals were hopeful that this
Economy picking up pace, industry needs to increase risk taking appetite: PM Modi at CII Annual Meeting
He also said that taking reforms is a matter of conviction for the government, which is ready to take all risks in the national interest.
Agriculture sector records new business registration growth at 103% in FY21
The top 10 cities accounted only for 42 per cent of new business registrations in FY21 compared to 55 per cent in FY17.
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Top News
- Parliament is “temple of country’s democracy” to debate & decide issues of people’s well-being: President Kovind in address to the nation on eve of Independence Day
- 2021 Mahindra XUV700 India Launch: Safari challenger priced at Rs 11.99 lakh
- Corona LIVE: Karnataka to open schools for classes 9-12 in districts with under 2% positivity rate; Maharashtra reports 5,787 new cases
- Stage set for 75th Independence Day celebrations at the Red Fort
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- Afghanistan Crisis Live: Taliban clearly trying to get Kabul isolated, says Pentagon spokesman; More US Marines arrive in Afghan capital
- Challenges for Theatre Commands
- UP Election 2022: Retired IPS officer Amitabh Thakur announces to fight poll against CM Yogi Adityanath
- Xiaomi prematurely confirms the Redmi 10, and it looks very promising
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