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ECONOMY NEWS - Page 105
Centre released Rs 1 lakh crore GST compensation to states since October
February 21, 2021 01:57 IST
Under the special window, the Centre has been borrowing in government stock with tenor of 3 years and 5 years.
Unleash ‘animal spirits’ for growth, FM Sitharaman tells India Inc
February 21, 2021 01:07 IST
The government, the finance minister said, has already initiated steps, including a sharp cut in the corporate tax rate, and companies can take advantage of these.
In first meeting post Budget, FM Sitharaman tells RBI board govt’s priorities
February 17, 2021 01:19 IST
As per the tradition, the finance minister holds customary meeting with the board members of the RBI and the Securities and Exchange Board of India (Sebi) after Budget presentation every year.
FM Sitharaman addresses RBI board, explains priorities of government
February 16, 2021 17:54 IST
The finance minister addressed the 587th RBI central board meeting and informed the members about the key initiatives in the Budget and the priorities of the government, RBI said in a statement.
WPI inflation rises to 2.03% in January on costlier manufactured items, food prices ease
February 15, 2021 13:04 IST
The WPI inflation was 1.22 per cent in December, 2020 and 3.52 per cent in January last year.
‘Pro-growth’ Budget, steady recovery bolster FPI inflowsSubscriber Only
February 15, 2021 04:19 IST
With the system flush with liquidity, the Sensex has risen 11.36 per cent, or 5,258 points, to 51,544.30 since the presentation of the Budget earlier this month.
FM underlines role of pvt sector; says bending Covid curve, Budget will help sustain revival
February 14, 2021 04:40 IST
The Budget, Finance Minister Nirmala Sitharaman said, had a blend of stimulus measures and reforms aimed at putting the economy on a steady growth path in the years to come.
ULIPs play spoilsport, pull down pvt life insurers’ investment incomeSubscriber Only
February 14, 2021 01:39 IST
The Ministry of Labour and Employment is likely to complete the process to finalise the rules for four labour codes soon.
Pressure points ease: Factory output grows, inflation cools
February 13, 2021 02:56 IST
Retail inflation data released separately showed the headline number eased to a 16-month low of 4.06 per cent in January, mainly due to a sharp fall in food inflation.
Estimated tax buoyancy for FY22 neither conservative nor unduly optimistic: Ajay Bhushan Pandey
February 13, 2021 02:31 IST
Speaking at The Indian Express Idea Exchange programme, the finance secretary said the revised estimates of revenue and expenditure for the current fiscal were realistic.
Retail inflation eases to 4.06% in Jan; IIP grows 1% in Dec: Govt data
February 12, 2021 18:13 IST
CPI Inflation Rate January 2021, IIP Growth Rate December 2020: The retail inflation, measured Consumer Price Index (CPI) eased to 4.06 per cent in January 2021. Separately, the factory output, measured in terms of Index of Industrial Production (IIP), grew 1.0 per cent in November.
In PM’s words for pvt sector, India Inc sees booster shot
February 12, 2021 03:29 IST
Modi’s statements pitching the importance of the private sector come in the backdrop of a push towards government spending, which the government expects will help crowd in private investment.
‘Growth to bounce back in FY22, but on low-base effect’
February 11, 2021 01:11 IST
From a trend growth perspective, India will still be at a lower level at the end of the next fiscal and meaningful recovery may take place only in FY23, it said.
Indian economy to contract by 7 pc in FY21: SBI Research
February 10, 2021 15:21 IST
The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers. In April-September, the economy contracted 15.7 per cent but the second half may see a surprise 2.8 per cent growth, if the SBI analysis turns out to be correct.
Finance Ministry’s Monthly Economic Report: ‘Driven by reforms, policy push, growth to come back in FY22’
February 10, 2021 08:55 IST
The Finance Ministry expects inflation to stay benign. CPI Inflation moderated to 4.59% in December from 6.93% in November.
Centre imposing cess, surcharges to deny states revenue, says Amit Mitra
February 7, 2021 01:08 IST
The Minister further said the state’s development expenditure had risen six times, capital expenditure 14 times and social expenditure 9.15 times.
Trade in focus: India, EU discuss ramping up tiesSubscriber Only
February 7, 2021 01:07 IST
The meeting was co-chaired by Minister of Commerce and Industry Piyush Goyal and the European Union Executive Vice-President and Trade Commissioner Valdis Dombrovskis. It was held on Friday.
Rather than increased taxes, borrowing to fund Budget stimulus, says Nirmala Sitharaman
February 6, 2021 04:24 IST
The Budget also seeks private sector participation in a big way and provides space to set up of private DFIs, she said at a post-Budget interaction with top CEOs held by the Confederation of Indian Industry (CII).
Expenditure secy: Chose capex over handouts, will trigger growthSubscriber Only
February 6, 2021 12:02 IST
Somanathan said the government is trying to reach the target group of unskilled and semi-skilled workers through increased government expenditure in the construction sector.
RBI Monetary Policy: India’s central bank keeps repo rate unchanged at 4%, maintains accommodative stance
February 5, 2021 17:42 IST
RBI Monetary Policy 2021 announcements: The six-member Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Shaktikanta Das kept the repo rate unchanged at 4 per cent, while the reverse repo rate also was kept unchanged at 3.35 per cent. Here's what the Indian central bank announced.
India’s services sector expands in Jan; business optimism touches 11-month high on improved demand: Survey
February 3, 2021 13:24 IST
The seasonally-adjusted India Services Business Activity Index rose from 52.3 in December to 52.8 in January, pointing to a quicker expansion in output.
Exports rise 5.37% in January: Commcerce Ministry data
February 2, 2021 11:13 IST
Imports during the month rose 2 per cent to USD 42 billion, leaving a trade deficit of USD 14.75 billion, the data showed.
Easing credit: To fund growth cycle, a bad bank and a DFISubscriber Only
February 2, 2021 07:34 IST
Sitharaman also proposed a development financial institution (DFI) to enable long term funding worth Rs 5 lakh crore in 3 years for infrastructure projects.
Insurance sector thrown open: FDI hike to 74% sets stage for its takeoffSubscriber Only
February 2, 2021 07:36 IST
Foreign inflows in insurance companies will also enable them to become more effective vehicles for household savings, creating long-term assets in the economy.
Increased fuel prices shouldn’t slow down growth in any manner: Assocham presidentSubscriber Only
February 1, 2021 01:01 IST
“Across the industry as a whole, the cost structure has gone up and freight rates across several sectors have moved up because of the increase in fuel prices,” said Assocham president Vineet Agarwal.
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