Economy
Sri Lanka’s economy hit by coronavirus; decline in earnings from tourism, remittances
On May 23, President Gotabaya Rajapaksa spoke to Prime Minister Narendra Modi over the phone and urged India to provide a special $1.1 billion currency swap facility.
PM Modi HIGHLIGHTS at CII: Coronavirus may have slowed economy, but India will get its growth back
PM Modi HIGHLIGHTS at CII: Prime Minister Narendra Modi is addressing CII's 125th anniversary where he said that the government has taken ample steps to revive faltering economy as alarm bells ring fo
Moody’s trims India’s rating to lowest investment grade, retains ‘negative’ outlook
The agency, which put India a notch above peers' ratings in Nov 2017, now cites possibility of sustained period of relatively low growth and fiscal deterioration
Cabinet clears rescue plan to soften Covid-19 blow to MSMEs, street vendors
MSMEs make up for 29% of the country's GDP and 48% of exports. India has about six crore MSMEs that offer jobs to more than 11 crore people.
Rains hit Kerala: Normal monsoon set to cheer up farm sector
A decent expansion of the farm sector will partly soften the blow to the economy, which is ravaged by the Covid-19 outbreak and is widely expected to experience sharply negative growth in the current
Tax talk: How TDS at reduced rates will affect taxpayers
Deduction and collection of tax at reduced rates till the end of the financial year 2020-21 shall leave more disposable income in the hands of recipients and shall have the desired impact of enhancing
Government extends validity of scrips under export incentives schemes for exporters
The Foreign Trade Policy (FTP) provides tax incentives for goods and services under the Merchandise Exports from India Scheme (MEIS) and Services Exports from India Scheme (SEIS).
Enhancement of turnover limit of MSME sector to help exporters
Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said that exclusion of exports turnover from total turnover will help in internationalisation of MSMEs and will bring thei
GST Council to discuss waiver of late fee for August 2017 to January 2020
The CBIC said there have been demands for waiver of late fee for returns which were required to be filed from the beginning of Goods and Services Tax, that is August 2017.
Cabinet decisions will bring positive changes in lives of farmers, labourers, workers: PM Narendra Modi
Monday's meeting was the first meeting of the Union Cabinet after the Modi 2.0 government entered its second year in office.
Moody’s cuts India’s rating to lowest investment grade, three key factors that knocked India’s position
In a major setback, Moody’s today downgraded India’s sovereign credit rating by one notch to ‘Baa3’, while maintaining its negative outlook, citing risks from sustained low growth, among other
Biggest challenge to put financial sector back on feet once India unlocks economy: Arvind Panagariya
Replying to a query on India's current macroeconomic situation, the eminent economist said that once normal functioning of life without masks and social distancing becomes feasible, growth will resume
No economic recovery till 2022-23: India Ratings explains how lack of demand stimulus will hurt
"The near-absence of demand-side measures in the economic package will jeopardise recovery even in 2021-22 and 2022-23 and may even lead to a second-round impact on the economy," it said.
Farmers to earn more as govt raises MSP; cabinet okays other measures for farm sector, street vendors
The government has increased the MSP of Kharif crops to ensure high prices to the growers for their produce.
Punjab, UP among 5 states to evince interest for loans under Rs 90K cr liquidity package for discoms
Finance Minister Nirmala Sitharaman had on May 13 announced Rs 90,000-crore liquidity infusion into cash-strapped power distribution companies (discoms), facing demand slump due to the lockdown to con
Cabinet briefing Highlights: Cheap, easy loans for farmers, street vendors; equity funding for MSMEs
Union Cabinet Briefing | Highlights: The Union Cabinet today approved major economic support measures for MSMEs, farmers, agricultural sector employees, and street vendors, in what the government clai
World Bank: Palestinian economy could shrink by 11%
The reports were both released ahead of a meeting this week of international donor nations that support the Palestinian Authority, the internationally recognized entity that governs autonomous areas o
Lockdown extension to have deep impact on Indian economy, says BofA report
Attempting to allay concerns of a wider gap, the brokerage said the Center's fiscal deficit is 1.80 per cent higher than the 4.5 per cent long term average, but the same is "justified".
Power demand recovering but still far below normal levels; here’s how much it fell in May from a year ago
Power demand in May fell 14.16 per cent to 103.02 billion units (BU) compared to 120.02 BU a year ago, though the fall is lower than 22.65 per cent in April.
Modi’s economic package is spot on; here’s why it can’t be directly compared with other nations
Economic packages work directly through aggregate demand, mitigating risk, and enhancing access to funds, hence it is difficult to establish the quantum of fiscal stimulus components.
Job loss at all-time high; manufacturing PMI second-lowest in May even as economic activity resumes
The manufacturing PMI marginally increased from 27.4 in April to 30.8 in May despite the partial lifting of lockdown restrictions.
LPG gets costlier: Cooking gas cylinder to cost this much now in Delhi, Mumbai, Kolkata, other cities
A non-subsidised LPG cylinder will now cost nearly Rs 12 more in Delhi.
Asia’s factory pain worsens as China’s recovery fails to lift demand
The International Monetary Fund warned last month the global economy will take much longer than expected to recover fully from the virus shock, suggesting a downgrade to its current projection for a 3
Coronavirus pandemic set to shrink Australian economy in Q1, worse yet to come
Even before the coronavirus-related mobility restrictions kicked in, Australia's economy was struggling from a devastating bushfire season, a slowdown in tourism and weak domestic demand.
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- How National Pension Scheme fared in past 11 years
- Cabinet approves revision in MSME definition, Rs 50,000 crore equity infusion scheme
- Motor insurance claims being rejected on grounds of absence of e-passes? Here is what you need to do
- Enhanced pension for pensioners as government allows restoration of pension after 15 years
- Government reportedly lists 42 Chinese apps as dangerous, including TrueCaller, UC Browser, Mi Store: Check if your phone has any of them
- CAIT comes out in support of Ladakh’s Sonam Wangchuk to boycott Chinese products
- Coronavirus Highlights (May 31): With 2,487 new cases, Maharashtra COVID-19 tally rises to 67,655
- PM Modi appoints committee headed by Rajnath Singh for MSME loan scheme implementation: Nitin Gadkari
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Budget 2020
- Torrent: Cut to ‘reduce’, revise fair value to Rs 2,350 a share
- Budget 2020 hasn't violated fiscal discipline: FM Sitharaman
- Budget 2020 was disappointing for lacking vision; but fiscal, taxation measures welcome: EAC-PM member Ashima Goyal
- Budget 2020: FM Nirmala Sitharaman says govt willing to do more beyond Union Budget to boost growth
- Budget 2020: FM says green shoots of recovery visible, points at worse macro-economic fundamentals under UPA
- Budget and the economy: What can we expect after this Budget?
- Budget 2020: FM Sitharaman takes on P Chidambaram over defence budget allocation
- Budget 2020 proposals on DDT, personal tax not to impact MF industry: Franklin Templeton
- Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer
- Budget 2020: How ESOP tax changes will benefit start-up employees
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