Journalism of Courage
ECONOMY NEWS - Page 104
EPFO keeps 8.5 per cent interest on EPF deposits for financial year 2020-21
March 4, 2021 15:29 IST
The Employees’ Provident Fund Organisation (EPFO) has more than five crore active subscribers.
EPFO board recommends 8.5% interest for 2020-21Subscriber Only
March 5, 2021 01:01 IST
A CBT member said discussions on the investment portfolio of the retirement fund body took place and keeping the returns in consideration, the Board made the recommendation for 8.5 per cent interest rate.
Exports slip into negative zone in Feb as core shipments slow
March 3, 2021 06:19 IST
Exports had crashed between March and May 2020, as the government was forced to impose a stringent lockdown to battle the pandemic.
Security Watch: Interconnected sectors raise need for robust cyber defence strategySubscriber Only
March 3, 2021 06:10 IST
There were 6.97 lakh cyber security incidents reported in the first eight months of 2020, nearly equivalent to the previous four years combined, according to information reported to and tracked by Indian Computer Emergency Response Team.
Spectrum sale: Higher than DoT estimate, but 20% of base price
March 3, 2021 06:05 IST
Mukesh Ambani-owned Reliance Jio Infocomm emerged as the highest bidder in the 4G auctions concluded on Tuesday, having bid for 488.35 MHz of the total 855.60 MHz spectrum that was sold over the two days.
RBI says banks reluctant to lend to big businessSubscriber Only
March 2, 2021 07:48 IST
“Owing to the stressed assets in large industries, there was a general reluctance on the part of bankers to lend to these industries, with the problem getting compounded by the pandemic,” the RBI said.
‘Global growth to be hit if IP norms not waived to deal with Covid’
February 28, 2021 05:44 IST
"we are coming in the way of $6-7 trillion of global GDP output in 1 year,” Indian Ambassador and Permanent Representative to the WTO, Brajendra Navnit, said at the Asia Economic Dialogue.
Piyush Goyal bats for Airbus production in India
February 28, 2021 05:33 IST
The Minister said, “It is another matter that I don’t think I will be able to do it, but I’m actively pursuing Airbus to try and get them to come to India to start manufacturing aeroplanes in India”.
Glitch due to ‘instability of telecom links’: NSESubscriber Only
February 27, 2021 06:36 IST
“NSE has multiple telecom links with two service providers to ensure redundancy and we received communication of instability of the links from both the service providers,” it said.
‘Acumen, few others to take part in aircraft leasing biz at GIFT City’Subscriber Only
February 27, 2021 06:29 IST
Pradeep Singh Kharola mentioned various players being interested in participating in aircraft leasing activities at the Gujarat-based GIFT City.
‘216 infra projects worth `74K cr completed till Dec’
February 27, 2021 06:15 IST
Finance Minister Nirmala Sitharaman chaired a meeting with Niti Aayog and 12 infrastructure ministries to discuss post-Budget action points for infrastructure roadmap,
Will stand by you for all honest decisions: PM to financial sector
February 27, 2021 06:03 IST
Speaking at a webinar on the Budget announcements on financial services, Modi said the Centre has a clear vision for the financial services sector and is taking steps to make it vibrant, proactive and strong.
Core sector output in Jan grows 0.1%Subscriber Only
February 27, 2021 05:51 IST
Though production continued to decline in most core sectors in January, with cement and crude oil production being the most hit, electricity, steel and fertilizers recorded growth.
Rising yeilds hammer Sensex, Rupee
February 27, 2021 05:51 IST
The rupee fell 104 paise to settle at 73.47 against the US dollar following a heavy selloff in domestic equities and strong American currency in the overseas market.
Economy exits recession as GDP grows 0.4% in Q3; Govt cautions pandemic risk persistsSubscriber Only
February 27, 2021 07:11 IST
In a statement, the Finance Ministry said the Q3 numbers were a reflection of the further strengthening of a V-shaped recovery, but warned that India was not yet out of the danger of the pandemic.
Eight core industries’ output up by 0.1% in January
February 26, 2021 19:21 IST
The core sectors had expanded by 2.2 per cent in January 2020, according to the provisional data released by the Commerce and Industry Ministry on Friday.
Current inflation target band appropriate for next 5 years: RBI report
February 26, 2021 18:22 IST
The RBI said the period of study in this report is from October 2016 to March 2020 commencing with the formal operationalisation of the FIT framework in the country but excluding the period of the COVID-19 pandemic in view of data distortions.
India GDP Q3 Data: India’s GDP grows 0.4% in Q3, estimated to contract by 8% in FY21
February 26, 2021 22:16 IST
India GDP Q3 Data: India's GDP returned to positive after contracting for two consecutive quarters.
Need big, nimble banks that are not scared of CVC: FM Sitharaman
February 26, 2021 05:07 IST
Talking about the decisions being taken on disinvestment of public sector undertakings (PSUs), Sitharaman said the government was unable to run these units by pouring taxpayers money to keep them alive.
India to clock 13.7% growth in FY22, contract 7% this fiscal: Moody’s
February 25, 2021 17:44 IST
Moody's had in November last year projected Indian economy to contract 10.6 per cent in the current fiscal and return to growth of 10.8 per cent in 2021-22 fiscal.
Fuel taxes: RBI Guv calls for coordinated Centre-state action
February 26, 2021 05:12 IST
He said the rising fuel prices have a cost-push factor and a far-reaching impact on the economy.
RBI concerned over impact of cryptocurrency may have on financial stability: Das
February 24, 2021 16:38 IST
While RBI Governor Shaktikanta Das did not elaborate further, the central bank had in the past expressed concerns on digital currencies being used for money laundering and terror funding.
RBI Governor: Growth momentum needs to be strengthened
February 23, 2021 03:09 IST
Given the sharp moderation in inflation along with a stable near-term outlook, monetary policy needs to continue with the accommodative stance to ensure that the recovery gains greater traction and becomes broad-based, Das said.
Muted demand, high costs likely to weigh on corporate profits in FY22
February 22, 2021 03:19 IST
While earnings for FY22 will benefit from the low base of FY21, just as the FY21 numbers have benefitted from the low base of FY20, there are a couple of headwinds.
Anurag Thakur: ‘Privatisation a long process, banks, PSUs being put on board should be sellable’Subscriber Only
February 22, 2021 05:37 IST
As a buyer, will you look at only the sick banks? As a seller also, one has to be little careful ... whatever you decide to put on board; it should be, the product should be sellable, or the PSUs should be sellable, said Anurag Thakur.
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