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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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
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
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
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
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