Economy
Prospects brightening for economy as 2nd COVID wave wanes: RBI bulletin
"Prospects are brightening for the economy achieving escape velocity from the pandemic as the second wave wanes and preparedness for future remains on war-alert status," it said.
Singapore Opposition leader asks govt to release more info to dispel misinformation about FTA with India
The government's refusal to release data and answer questions of national relevance earlier had allowed people's misunderstandings to fester, and falsehoods to proliferate, The Straits Times quoted Si
Nirmala Sitharaman LIVE: Bad Bank is born, to take on Rs 2 lakh cr bad loans; FM OKs Rs 30k cr govt guarantee
Finance Minister LIVE: Finance Minister Nirmala Sitharaman today announced that the government will back guarantees worth Rs 30,600 crore for the National Asset Reconstruction Company, which will take
Commerce Ministry for extending anti-dumping duty on certain steel products
The commerce ministry's arm DGTR has recommended the extension of anti-dumping duty on imports of certain steel products from countries like China, Japan and Korea to protect the domestic industry fro
GST Council to meet on Friday; rate review, tax concession to 11 COVID drugs on cards
"Finance Minister Smt @nsitharaman will chair the 45th GST Council meeting at 11 AM in Lucknow tomorrow. The meeting will be attended by MOS Shri @mppchaudhary besides Finance Ministers of States & UT
Pakistan likely to face current account deficit of USD 12-17 billion in 2021-22: PM’s former aide
Addressing a book launch ceremony at the Institute of Business Administration (IBA) in Karachi on Wednesday, Dr Waqar Masood Khan said Pakistan's balance of payments crisis is likely to be severe, the
India expected to grow at 7.2% in 2021 but economic growth could decelerate next year: UN report
The UNCTAD Trade and Development Report 2021, released here on Wednesday, sounded a cautiously optimistic note to say that the global economy is set for a strong recovery in 2021, albeit with a good d
GST on food aggregators aimed at improving compliance in sector
“Given the magnitude of change and the number of players involved in terms of restaurants, it is important that there is a proper consultation with industry before taking a decision,” said Pratik
GST Council to discuss treating food delivery apps as restaurants, levying 5% tax
As per estimates, tax loss to exchequer due to alleged under-reporting by food delivery aggregators is Rs 2,000 crore over the past two years.
Trust between Govt and industry increased following scrapping of retrospective taxation: Rajnath Singh
Singh listed a range of measures initiated by the NDA government to boost economic growth and said the global investors are now receiving a "red carpet" welcome in India instead of "red-tapism".
FinMin asks Indian Banks’ Association to play pivotal role in resurgence of economy
Inaugurating the Delhi office of IBA, the secretary suggested that the Association can also look at providing training and skilling to middle management banking professionals so as to unburden banks i
MGNREGA: 100 days of work? Barely a quarter
In fact, 2020-21 saw only 4.1% of the registered families find 100 days of employment under MGNREGA, though it was again the peak level achieved between 2015-16 and 2020-21.
Q1 capex: Eleven states can borrow additional `15,721 cr
To become eligible for incremental borrowing, states are required to achieve at least 15% of the capex target set for 2021-22 by the end of first quarter of 2021-22, 45% by the end of second quarter,
Five firms to undertake pilot projects to boost farmers’ incomes
While there will be no fund infusion by the government in these pilot projects, the agriculture ministry will share farmers’ data with these companies so that the initiatives are delivery-oriented a
India, UK eye interim trade agreement by March 2022
The interim trade pact will likely include not just select goods but also key services that are “immediately deliverable”. Greater market access and tariff cut in select goods will feature in talk
Exports surge 46% in Aug, smart import rebound too
At $47.1 billion, imports, too, staged a smart rebound and grew 51.7% from a year ago and 18.2% from August 2019, signalling a broader trade recovery, according to the provisional estimates released b
Council to discuss bringing petrol and diesel under GST
The Council, which will meet physically in Lucknow, will also likely take a call on whether GST concessions for various Covid medicines and related medical equipment, which are to be valid till Septem
India needs $8 trillion new greenfield assets to be $5 trillion economy by FY27: Report
The report by Deloitte said despite the COVID-19 disruption, FDI inflow into the country provides necessary optimism and display underlying strengths of the Indian economy.
Exports up 46% to $33.28 billion in August
Trade deficit in August widened to USD 13.81 billion as against USD 8.2 billion in the same month last year.
GST Council may consider bringing petrol, diesel under GST on Sept 17
The Council, which comprises central and state finance ministers, in its meeting scheduled in Lucknow on Friday, is also likely to consider extending the time for duty relief on COVID-19 essentials, a
Consistent increase in household savings, deposits essential for India’s economic growth
For an emerging economy like India consistently augmenting household financial savings is a sine qua non for its medium-term growth story to fructify.
India, UK moving towards early harvest trade deal, says Piyush Goyal
Taking to Twitter soon after a virtual meeting with his UK counterpart, Liz Truss, on Monday, the minister described his discussions as “productive” and reflecting further strengthening of India-U
FinMin gives nod to 11 states to borrow additional Rs 15,721 cr
"11 states.... have achieved the target set by the Ministry of Finance for the capital expenditure in the 1st Quarter of 2021-22. As an incentive, these States have been granted permission by the Depa
WPI inflation rises to 11.39 pc in August on costlier manufactured goods; food prices soften
Snapping the two-month easing trend, WPI inflation rose in August and remained in double-digit for the fifth consecutive month. In July 2021, WPI inflation stood at 11.16 per cent.
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Top News
- MSME, other retailers expect full recovery in retail sales by October to pre-pandemic levels
- Bad Bank is born, to take on Rs 2 lakh cr bad loans; FM Nirmala Sitharaman OKs Rs 30k cr govt guarantee
- Sensex posts record close, Bank Nifty tops 37650 on weekly F&O expiry day; Nifty to hit 18000 soon?
- Delhi Metro Grey Line Update: Najafgarh-Dhansa Bus Stand corridor to open on this date
- Corona LIVE: Bihar to administer 30 lakh vaccine doses during Friday's special vaccination drive to commemorate PM's birthday
- New Rajasthan Tourism app to bring real-time information to visitors
- RBI will signal lift-off in interest rates through policy stance, prefers jump in bank credit to reduce liquidity surplus
- Expansion of SCO, terrorism and Afghanistan to be the focus on Friday
- AUKUS—new military alliance to deal with China’s expansion in Indo-Pacific
- A year after Air India flight crash, Kozhikode Airport to improve safety standards, check details
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