Economy

Govt to distribute free foodgrains to 80 crore people till Diwali: PM Modi

In April, the Centre had announced to distribute free foodgrains for the months of May and June under the Pradhan Mantri Garib Kalyan Anna Yojana.

Prime Minister Narendra Modi

RoDTEP: Rates for export promotion scheme likely to be announced in 10 days, says FIEO

Exporters, which are majority MSMEs dealing with uncertainty while finalising and negotiating new export orders, have been urging the government for immediate notification of rates to factor them and

With regard to the global market, there are a number of major players in zinc and lead and India has to be very competitive price wise "if we have to sustain in the export markets", it said.

RBI’s liquidity measures may aid in kick-starting investment cycle; no rush to roll back rate cuts

The RBI also announced new special liquidity worth Rs 160 billion to SIBDI for on-lending for MSMEs at the prevailing policy repo rate for a period of up to one year. This move is likely to aid in kic

RBI, MPC

Chinese exports jump as pandemic wanes in US, other markets

Customs data released Monday showed exports rose 28% from a year earlier and imports soared 51% at the fastest annual pace in over a decade.

exports

Trade Talk: China is now second-largest export destination, behind only US

Analysts, however, caution against reading too much into the FY21 data, saying “one swallow doesn’t make a summer”. As such, the pandemic year isn’t the ideal time to forecast a trend on its b

The TRIPS waiver is a necessary to removing IP barriers and paving the way for more companies to produce Covid-19 vaccines, therapeutics or diagnostics by providing them with the freedom to operate without the fear of infringement of IP rights or the threat of litigation.

Fresh stimulus unlikely in Q1, focus shifts to undertaking budgetary capital spending

Certain amount of demand stimulus part of Budget FY22, more steps at this stage could stoke inflation, feel officials

So, any package to spur demand may be approved only after a careful assessment of its necessity and hinges on the fiscal space, he added.

Fixing Tamil Nadu’s financial position & increasing GDP are priorities of govt: FM Palanivel Thiagarajan

The government would adopt a more inclusive approach in taking all policy decisions to achieve this, he said here on Saturday, addressing members of Confederation of Indian Industry (CII) Tamil Nadu u

India likely to benefit from global minimum 15% corporate tax pact; foreign investments to continue: Experts

The Finance Ministers of G-7 countries, comprising US, UK, Germany, France, Canada, Italy and Japan, on Saturday reached a landmark deal on taxing multinational companies as per which the minimum glob

Finance Ministers of G-7 countries, deal on taxing multinational companies, minimum global tax rate, corporate tax rate pact, G7 commitment to global minimum tax rate

India slips two spots to rank 117 on 17 Sustainable Development Goals adopted as 2030 agenda: Report

India's rank has slipped by two places from last year to 117 on the 17 Sustainable Development Goals (SDGs) adopted as a part of the 2030 agenda by 193 United Nations member states in 2015, a new repo

SDGs sustainable development goals, State of India's Environment Report 2021 , India bSDG ranking, sustainable industrialisation, 2030 Agenda for Sustainable Development,

Second COVID-19 wave not to impact India’s agri sector in any way: Niti Aayog

NITI Aayog memeber Chand said that India's policies on subsidy, price and technology have remained too much in favour of rice, wheat and sugarcane, and there is need to make the procurement and minimu

NITI Aayog, Indian agriculture, Second COVID-19 wave , Niti Aayog memeber Ramesh Chand, minimum support price policy, agroculture activity

May Mop-up: GST collection above Rs 1 lakh crore; revenues 65% higher than that in May last year

For the second year in a row, the Centre will borrow under special, relatively low-cost mechanism in 2021-22 to bridge a yawning shortfall in the GST compensation cess pool and transfer the funds to s

While the amount borrowed under the RBI-enabled mechanism last year was Rs 1.1 lakh crore — there was still a shortfall, Rs 60,000-Rs 70,000 crore by one estimate — the idea is to borrow some Rs 1.58 lakh crore in 2021-22.

FM Nirmala Sitharaman meets heads of insurers; stresses on faster claim settlement

During a virtual meeting with the heads of insurance companies, she stressed on the importance of streamlining the process and documentation requirements under the schemes so that the claims are disbu

EXPLAINER- What is a global minimum tax and what will it mean?

Major economies are aiming to discourage multinationals from shifting profits - and tax revenues - to low-tax countries regardless of where their sales are made.

The G7 accord feeds into a much broader, existing effort.

G-7 nations sign key pact to make tech giants pay fair taxes

Britain's treasury chief said the world's richest countries have signed a landmark global agreement to confront tax avoidance and make sure giant tech companies pay their fair share.

GST mop-up tops Rs 1.02 lakh cr in May, crosses Rs 1-trn mark for 8th straight month

The collection figure crossed Rs 1 lakh crore despite the fact that most of the states have been under strict lockdown due to the pandemic, the ministry said.

The collection figure crossed Rs 1 lakh crore despite the fact that most states have been under strict lockdown due to the pandemic, the ministry said.

Maharashtra CM launches Rs 4.6L crore annual priority sector credit plan

The state government has set the annual credit lending target by banks of Rs 1.19 lakh crore for the agriculture sector in the current financial year. Of this, Rs 60,860 crore is set for the crop loan

Maharashtra chief minister Uddhav Thackeray

RBI keeps interest rates unchanged, announces measures to support economy

Pranjul Bhandari, India chief economist, HSBC, observed that while India’s CPI inflation is under the 6% upper limit of RBI’s tolerance band, it has been higher that the 4% target for the last 19

Expectedly, the central bank retained its accommodative stance so as to keep bond yields in check and facilitate the government’s gigantic borrowing programme.

Review meet: Finance minister asks ministries, CPSEs to front-load capex to stimulate growth

This was the fourth such review meeting held by the finance minister with various ministries and departments and second in a series of meetings scheduled for the infrastructure road map after the pres

During the meeting, capital expenditure plans of various ministries and related CPSEs, status of implementation of budget announcements and measures to expedite infrastructure investment were discussed, according to a statement by the finance ministry.

West Bengal seeks 5% of GSDP borrowing space sans conditions, more funds as compensation

In a letter to Union finance minister Nirmala Sitharaman, Mitra urged her to allow states to borrow up to 5% of GSDP in FY22 without conditions.

However, the exact savings from the latest move could not be immediately ascertained.

Kerala’s revised budget lays emphasis on healthcare, elevated public spending

The budget has several initiatives for the health sector like setting up isolation wards for contagious diseases in all government hospitals and health centres, enhancing bed strength of pediatric ICU

Raise states’ borrowing limits to 5% of GSDP sans condition, Bengal urges Nirmala Sitharaman

The GST compensation due to the states from April 2020 to January 2021 has been estimated at Rs 63,000 crore, out of which West Bengal expects Rs 4,911 crore.

GST, West Bengal, Nirmala Sitharaman, Amit Mitra, Cyclone Yaas

FM Nirmala Sitharaman asks ministries to front-load their capital expenditure

The Union Budget 2021-22 provided a capital outlay of Rs.5.54 lakh crore, a sharp increase of 34.5 per cent over the Budget Estimate of 2020-21.

Nirmala Sitharaman, Finance Ministry, Union Budet, capital expenditure, modi govt, Indian economy

Finance minister Nirmala Sitharaman to meet heads of insurers on Saturday

Discussions are also likely to be held on simplifying the procedures and documentations needed to settle claims under the schemes in a seamless and time-bound manner, the finance ministry said in a se

RBI decision to keep policy rates unchanged, additional steps to revive growth: Experts

Sheth added that the move would also help non-banking financial companies (NBFCs) as bulk of their customers are self-employed and working in these contact-sensitive sectors.

RBI’s liquidity, growth supporting measures crucial for recovery from 2nd COVID wave: Experts

ICRIER RBI Chair Professor in Macroeconomics Alok Sheel said as expected, the monetary policy committee (MPC) of RBI decided to keep policy rates on hold, while stating its intention to continue injec

RBI

RBI Governor says global trade rebounding; pitches for policy support for exports sector

Further, the governor said that India's exports in March, April and May this year have seen an upswing, which is evident of the sector's potential.

RBI projects retail inflation at 5.1 pc in FY22 on supply-side measures, monsoon

While on the other hand, the rising trajectory of the international crude oil prices within a broad-based surge in international commodity prices and logistics costs is worsening cost conditions.

This will add to the woes of policy-makers and complicate the task of the central bank at a time when risks to economic growth remain elevated even though the second Covid wave seems to be waning.
Advertisement
Income Tax Calculator, Budget 2019, How to Calculate Income Tax

 

Stock Market

Advertisement
Advertisement