Economy
Unemployment rate rises again to reach 7.14%
Unemployment rate in urban areas increased marginally to 8.01% from 7.94% a week before; the rise was sharper in rural areas, from 5.1% to 6.75%.
GST e-way bill generation gathers momentum in July
Average daily e-way bill generation was 20.2 lakh in the week ended July 25, compared with 20.4 lakh in preceding week and 19.24 lakh in the first 11 days of July.
Modi govt tables Bill in Lok Sabha to amend Insolvency Law
The proposed amendments would enable the government to notify the threshold of a default not exceeding Rs 1 crore for initiation of pre-packaged resolution process
Higher inflation a transitory hump, to help RBI remain dovish in Aug review: Report
The Reserve Bank-led monetary policy panel is scheduled to announce the third monetary policy review on August 6, amidst the continuing spike in retail inflation that has breached the 6 per cent upper
COVID 2nd wave may have more lasting damage on economy, exports to drive recovery: Moody’s Analytics
The Delta variant of COVID-19 is among factors now adversely affecting economies of the Asia-Pacific (APAC) region, but the economic hit from the current round of movement restrictions in the region w
Govt’s net tax collection rises 86% to Rs 5.57 lakh cr in Q1
"The net direct tax collection in the 1st quarter of FY 2021-2022 is Rs 2,46,519.82 crore as against Rs 1,17,783.87 crore during the same period of previous FY 2020-21 representing a growth of 109.3 p
Decommissioning coal power plants older than 25 years can save Rs 37K cr: Study
The CEEW-CEF study does not endorse large-scale decommissioning, it found that retiring 95 GW of capacity could cost between Rs 2.3 lakh crore and 3.5 lakh crore (USD 32 to 48 billion) to pay off debt
FM Sitharaman says no plan to print currency notes to tide over crisis
To a question on whether there is any plan to print currency to tide over the crisis, the Finance Minister said, "No Sir".
GST on annuity received for construction of roads – A never ending chaos!
The annuity payments are different from toll payments.
Lower Barriers: India’s tariffs record sharp drop from 17.6% in 2019 to 15% in 2020
Economists, however, have been critical of New Delhi’s move to undermine liberalisation, achieved assiduously over the years since the 1990s.
Kharif 2021: Clouds over Fasal Bima as states miss deadlines
The Centre normally accedes to the requests of the states if the insurance companies give their consent for the extension of enrollment date.
In times of crisis, the Centre must support the states: Dr Y V Reddy
Former governor of the Reserve Bank of India, an accomplished civil servant and the author of several books Dr Y V Reddy shares his views on the Indian federal structure, its design, the changing land
RBI central board short of 9 non-official directors
Other two directors, Prasanna Kumar Mohanty and Dilip S Shanghvi, served on the central board till February 8, 2021, and March 10, 2021, respectively. Eminent agriculture economist Ashok Gulati and Te
Paytm CEO Vijay Shekhar Sharma ahead of IPO: ‘India in exciting phase of growth; expected to become $5 trillion economy in 5-10 years’
"It's an amazing, inspiring moment for us to be in India and lucky to be in India," Sharma said while speaking at a 2-day virtual youth conclave organised by IMC Chambers of Commerce and Industry.
Honest taxpayers deserve to be recognised for paying due share of taxes: Sitharaman
In her message to the I-T Department on the 161st anniversary of Income Tax Day, she complimented the department for continuing to work towards simplifying its procedures and processes, and making its
India will continue to attract high foreign investments: Goyal
In 2020-21, FDI into the country grew by 19 per cent to USD 59.63 billion. Total FDI, including equity, re-invested earnings and capital, rose 10 per cent to USD 81.72 billion during 2020-21 as agains
About 620 products see price reduction after trade margin regulation on critical medical devices
Last month, the government capped the trade margin on oxygen concentrators at 70 per cent by invoking extraordinary powers under Para 19 of the DPCO, 2013.
Growing mafia economy a threat to Kerala’s development: Dr KN Harilal, former Planning Board member
Harilal said there has been a qualitative improvement in the civil services of the state over a period of time, but this is not on a par with the growing needs of the state.
‘Job scenario improved in 2019-20, before pandemic played spoilsport’
According to CMIE, the unemployment rate in January this year was at 6.52%, 6.89% in February, 6.5% in March, 7.97% in April, 11.9% in May and 9.17% in June 2021.
Govt set to overshoot FY22 tax collection target as Q1 mop-up reaches Rs 5.6 lakh cr: Icra
The revenue department is yet to officially release tax collection data, but the finance ministry informed the Lok Sabha on July 19 that Q1 tax revenue mop-up reached Rs 5.6 lakh crore.
Forex reserves zoom to record high of USD 612.73 bn
In the reporting week ended July 16, 2021, the increase in forex reserves was on account of the rise in foreign currency assets (FCA), Reserve Bank of India's (RBI) weekly data released on Friday show
Road ahead more daunting, need to recalibrate priorities: Manmohan Singh on 30 yrs of liberalisation
Over the last three decades, successive governments have followed this path to catapult the nation to a USD 3 trillion economy and into the league of the world's largest economies, the former prime mi
India sees significant improvement in UNESCAP score on trade facilitation
India has scored 90.32 per cent in the global survey on Digital and Sustainable Trade Facilitation. This is a remarkable jump from 78.49 per cent in 2019.
India improves ranking in trade facilitation aided by reforms
India has scored 90.32 per cent in United Nation's Economic and Social Commission for Asia Pacific's (UNESCAP) latest Global Survey on Digital and Sustainable Trade Facilitation, a finance ministry st
Missing timelines: Sale of PSBs, general insurer faces delays
Already, Covid-induced delays are being noticed in the processes regarding strategic sales of BPCL, IDBI Bank, Air India and also the listing of LIC.
PIL seeks setting up of GST tribunal to cut backlog of cases
“The constitution of National and other Benches of the appellate tribunal under Section 109 of the CGST Act, 2017 is an absolute necessity of the hour and the respondents (government) cannot drag it
Competition to lure investment hurting states’ tax revenues: R Mohan, former income tax commissioner
Kerala former finance minister Thomas Isaac said that the tax revenue and the per capita income of most states including Kerala are not in tandem.
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