Economy

Recession to end soon: Indian economy to recover early next year as vaccine progresses

The recent vaccine news has boosted Indian stocks to repeated record highs and fueled hopes of a pick-up in economic activity.

Recession to end soon: Indian economy to recover early next year as vaccine progresses

GST compensation: Bengal, Kerala too pick option mooted by Centre

The state governments of West Bengal and Kerala, which have been at loggerheads with the Centre over how to compensate the states for their GST revenue shortfall in FY21, given the paucity of the desi

Stock-building: China resorts to huge agri imports

Beating the Covid-19 blues, China has been importing farm products at a brisk pace this year in an apparent bid to take advantage of relatively stable global prices and replenish its depleting food in

Cabinet nod to Rs 6,000-cr NIIF infusion; To enable Rs 1-lakh-crore debt finance for infra projects

The NIIF will also try to rope in equity investors – domestic and global pension, insurance and sovereign wealth funds – in the debt platform, which could further its leveraging ability.

World Savings Day, investor behaviour, mutual funds, PPF, LIC, tax saving schemes, fixed income, recurring deposits,

Economic emergency just begun, warns Rishi Sunak with Spending Review

In a Spending Review to lay out expenditure plans for the next year in the House of Commons, the finance minister told the parliamentarians the UK's Office for Budget Responsibility (OBR) expects unem

UP export policy aims doubling farmer income, boosting agri-product shipments

"This is for the first time that such an elaborate export policy was being rolled out in Uttar Pradesh," UP MSME minister and state government spokesperson Sidharth Nath Singh told PTI.

Through the Export Policy 2020-25, one of the pivotal aims is doubling the income of farmers and also increasing exports from the agricultural sector, all those ingredients will be adopted.

US economy surges by record 33.1% in Q3

The overall increase in the gross domestic product, the country's total output of goods and services, remained the same as its first estimate, the Commerce Department reported Thursday, although some

Govt to consider two proposals for setting up free trade and warehousing zones on Nov 27

NDR Infrastructure Pvt Ltd has proposed to set up an FTWZ in Raigad, Maharashtra, over an area of 50.98 hectares (125.96 acres), with a total proposed investment of Rs 700.81 crore. According to the m

Kerala, West Bengal join league of states choosing Centre’s Option-1 to meet GST implementation shortfall

After making a choice, Kerala and West Bengal are poised to get Rs 10,197 crore through special borrowing window to meet the GST implementation shortfall.

GST shortfall, GST implementation, goods and services tax, economic crisis

Q2 GDP: Economy may recover from record fall, contraction may narrow sharply but can’t stop recession

The Indian economy has likely fallen into a technical recession as the GDP is expected to have shrunk in the two consecutive quarters this fiscal year.

Q2 GDP growth, indian economy, economic growth, economic recovery, recession, RBI, reserve bank

Income Tax refunds worth Rs 1.36 lakh cr issued to 41.25 lakh taxpayers till November 24

This includes personal income tax (PIT) refunds amounting to Rs 36,028 crore and corporate tax refunds of over Rs 1 lakh crore during this period.

Atmanirbhar Bharat 3.0: Cabinet approves Rs 6,000 cr equity infusion in NIIF debt platform

The cabinet said that NIIF will take all necessary steps to use the equity investments from domestic and global pension funds, and sovereign wealth funds expeditiously.

NIIF, infrastructure fund, cabinet decision, niif, niif SOF, atmanirbhar bharat 3.0

EU is willing to be ‘creative’ to get a Brexit trade deal

EU Commission chief Ursula von der Leyen said ''genuine progress" had been made on several issues "with an outline of a final text", little more than a month before Britain's transition period as a fo

BofA sees Q2 growth improving to -7.8%

House economists at the Wall Street brokerage Indranil Sengupta and Aastha Gudwani further said the economy is likely to close this fiscal year with a current account surplus of 1 per cent given the m

Ifo's survey is based on monthly responses from about 9,000 companies in various sectors.

Economic revival mostly due to pent up demand, base effect; unlikely to sustain after festivals

The spikes in the production seen in various sectors in the month of October are an exaggeration of the true recovery on the ground.

economic revival, recovery, festive season, post-pandemic, GDP

Emerging pattern of global trade

Global trade is passing through an unpredictable phase in its long cherished journey.

MGNREGS: High demand for work reflects economic slump

The demand for work under the rural employment scheme (MGNREGS) jumped in May as the lockdown was eased, peaked in June, but continued to remain at elevated levels through October, according to offici

Piyush Goyal to industry bodies: Focus on quality and productivity

The meeting comes at a time when the government is undertaking reforms to boost domestic manufacturing under the Atmanirbhar Bharat initiative.

Economic activity up on pent-up demand, may not sustain: Icra

Multiple fast-paced indicators, including GST collections, have been showing a sharp recovery since October, which has also led many analysts to revise their overall GDP forecasts for the fiscal.

The factors which remain to be watched are the pace of government spending in the second half of the fiscal, after the unexpected contraction recorded in the September quarter, she added.

China economic activity can return to reasonable range in 2021: Premier Li Keqiang

Beijing will allow consumption to play a "guiding role," while investment will play an "effective role," he added.

China this year unveiled a "dual circulation" strategy to cut its dependence on overseas markets and technology in its long-term development, a shift brought on by a deepening rift with the United States.

Finance Secretary, CBIC chief discuss anti-GST evasion steps with zonal heads

The meeting discussed the need for coordinated action to check revenue leakage, it added.

There are about 6 lakh dormant registrants in GST.

GDP contraction to improve to ‘higher single digits’ in July-September, says expert

The GDP contracted by 23.9 per cent in the June quarter due to strong lockdown measures and leading to expectations of the GDP growth being a negative 14 per cent for the full fiscal.

The RBI expects India's GDP to contract by 9.5 per cent.

India’s Ease of Doing Business score slips on an investor-oriented parameter, says FinMin official

India's score on protection of minority investors compiled by the World Bank as part of the Ease of Doing Business rankings has slipped recently and there is a need for stakeholders to improve on this

interest waiver scheme

Hiring activity improving in India; recovery in recruitment in non-tech sectors, says report

Findings from the latest edition show that hiring activity is improving and the digital divide is narrowing, suggesting a recovery in hiring for the non-tech sectors.

Cohesive national retail policy to help generate up to 30 lakh additional jobs by 2024: CII

The CII-Kearney report details the critical areas that the retail policy needs to pay attention to, across five building blocks including streamlining approvals and compliance mechanisms to improve ea

Speaking at the event, Department for Promotion of Industry and Internal Trade Joint Secretary Anil Agrawal said the government is working on the retail policy.

FIMI urges Centre to immediately put complete ban on illegal export of iron ore pellets

The steel sector has been facing an acute shortage of iron ore, which is a key raw material for making steel. "It can starkly be observed that 9 million tonnes of iron ore pellets have been exported m

"Moreover, 62-64 per cent Fe (iron) is required for manufacturing of pellets. Had this illegal exports of pellets by private entities not been allowed, domestic steel industry would have met their requirement to that extent," FIMI said.

German business confidence down for second consecutive month

Still, the decline was smaller than economists had predicted. And official data released separately on Tuesday showed that the economy performed a bit better in the third quarter than previously repor

Ifo's survey is based on monthly responses from about 9,000 companies in various sectors.
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