Journalism of Courage
ECONOMY NEWS - Page 112
Covid to washout FY21, economists see 10% growth in FY22 on low baseSubscriber Only
November 28, 2020 07:44 IST
Pick up in economic activity, negligible chances of lockdown boost hopes of next fiscal seeing positive growth.
Eight core industries’ output contracts 2.5% in October
November 27, 2020 19:21 IST
The production of eight core sectors had contracted 5.5 per cent in October 2019, data released by the Commerce and Industry Ministry showed on Friday.
India GDP Q2 Data: India’s GDP contracts 7.5% in Q2, enters technical recession
November 27, 2020 21:00 IST
India GDP Q2 Data: The second straight quarter of contraction pushed India to its first technical recession.
PNGRB simplifies gas pipeline tariff to make it more affordable
November 27, 2020 05:06 IST
“These regulations have set the ground for gas consumption to go up for people in far flung areas of the country,” said Vivekanand Subbaraman, analyst at Ambit Capital.
LVB shares suspended from bourses
November 27, 2020 04:58 IST
Shares of LVB had risen by 4.8 per cent to Rs 7.65 on Wednesday amid hopes that the RBI will announce some scheme to compensate shareholders.
FC Kohli, ‘father of Indian IT industry’, passes away
November 27, 2020 04:34 IST
Expressing grief over his death, Prime Minister Narendra Modi tweeted, “Shri FC Kohli Ji will be remembered for his pioneering contributions to the world of IT.
Paytm, PhonePe, Amazon Pay, others now NPCI shareholders; may get more say in UPI future
November 27, 2020 04:44 IST
The entry of non-banking and parent companies of digital payment companies such as Paytm Payments Bank, One Mobikwik Systems Private, Amazon Pay Indian Private, PhonePe Private and Pine Labs may give these players a shot at deciding the future shape of UPI and digital payments in India.
Stronger-than-expected pick up in recovery, Covid rise a downside: Shaktikanta Das
November 27, 2020 04:26 IST
The recovery has come after witnessing a sharp contraction in GDP by 23.9 per cent in the first quarter of 2020-21 and a multi-speed normalisation of activity in the second quarter, he said.
Economy has exhibited a stronger-than-expected rebound: Shaktikanta Das
November 26, 2020 13:18 IST
Speaking at Foreign Exchange Dealers’ Association of India's (FEDAI's) Annual Day programme, Reserve Bank of India (RBI) Governor Shaktikanta Das said we need to be watchful of demand sustainability after the festive season.
Railways limping, swift growth in non-metro flights; Patna recovery fastest in OctoberSubscriber Only
November 26, 2020 08:07 IST
The main reason for smaller cities showing faster air traffic growth is the continued curtailment of railway operations in many parts of the country, those tracking the sector said.
P Chidambaram takes a dig at CEA Subramanian over current account surplus remark
November 24, 2020 11:01 IST
In a series of tweets, Chidambaram questioned the situation of a possible surplus in the current account.
Momentum of economic reforms will continue, FM Sitharaman assures industry
November 23, 2020 17:21 IST
"The momentum for reform shall continue. Several more active reform-related steps are being taken up," Sitharaman said.
India likely to have current account surplus this fiscal: CEA Subramanian
November 23, 2020 15:41 IST
Noting that COVID crisis is a crisis to demand and primarily a negative shock to demand, Subramanian said, India's response was suitably crafted to deal with that.
LVB merger: Investors may seek legal recourse, unions question DBS Bank selectionSubscriber Only
November 23, 2020 04:54 IST
There are some who also raised questions on the way RBI came out with its resolution plan for LVB and announced that it has decided to merge the bank with DBS.
After slight fall, MSME dues of CPSEs & ministries again mount in last 5 monthsSubscriber Only
November 23, 2020 04:49 IST
As per government data on MSME Samadhaan portal, the total dues for MSMEs reported by 25 ministries and 79 central public sector enterprises (CPSEs) have nearly doubled in the last four-five months.
In eight months, forex reserves rise by more than $100 billionSubscriber Only
November 22, 2020 00:25 IST
This jump of 22 per cent has come following a sharp decline in imports alongside strong foreign investment inflows in the second half of the calendar year.
Cap on weekly working time retained, spread-over time hiked to 12 hours in draft rules
November 21, 2020 01:11 IST
Experts said the extension in the spread-over time will have adverse consequences on the workers.
‘Prolonged Covid impact inevitable, 2020-25 growth to average 4.5%’
November 20, 2020 07:36 IST
Arguing that India’s weak fiscal response plays a role in magnifying the structural drags, it noted the “GDP per capita to be 12 per cent below our pre-virus baseline even in 2025, implying the largest amount of scarring among major economies globally.”
Need to reform banking, be watchful on trade protectionism: N K Singh
November 20, 2020 11:47 IST
The future of trade policy should become clear from January onwards when the new US government outlines its stance.
GST revenue shortfall: Kerala CM urges PM to raise borrowing limit
November 19, 2020 02:16 IST
Kerala Chief Minister Pinarayi Vijayan, in his letter dated November 11, said states are justified in this request.
GST Council law panel to take up steps to curb fake invoices
November 18, 2020 01:28 IST
The measures, which would help in plugging revenue leakages and boost GST revenues, will be discussed in a meeting of the law committee of the GST Council on Wednesday.
PM Modi: Invest in urbanisation, India has exciting opportunities
November 18, 2020 01:18 IST
PM Modi said the Covid-19 pandemic showed that cities which are growth engines are also vulnerable zones and there is a need for a reset of processes.
Industry: PLI to help EV ecosystem; tax breaks for hybrids keySubscriber Only
November 18, 2020 00:49 IST
Manufacturers feel that government needs to help in lifting demand for full range of electrified vehicles including hybrids by way of tax incentives to attract investments for developing EV ecosystem in the country.
Study on benefits, costs helped govt firm up RCEP standSubscriber Only
November 17, 2020 10:50 IST
Where RCEP members are concerned, India’s deficits have marginally reduced in most cases. However, its total deficit with ASEAN as a bloc has increased between 2018-19 and 2019-20, according to data from the Ministry of Commerce and Industry.
WPI inflation at 8-month high of 1.48% in October on costlier manufactured items
November 16, 2020 13:12 IST
This is the highest level of Wholesale price index-based (WPI) inflation since February when it was 2.26 per cent.
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