India To Appeal Arbitration Ruling In $1.3 Billion Tax Dispute With Cairn
Reuters | Friday March 05, 2021In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral Investment Treaty
Government Says OPEC+ Decision To Hit Economic Recovery
Reuters | Friday March 05, 2021Rising oil prices are posing fiscal challenges for India, where heavily-taxed retail fuel prices have touched record highs in some parts of the country.
At $67.54 Billion, India Attracted Highest Ever FDI In First Nine Months Of A Fiscal
Edited by Nikita Prasad (With inputs from Agencies) | Thursday March 04, 2021The total FDI amount was 22 per cent higher as compared to $ 55.14 billion received in the first ninth months of 2019-20, according to data released by the Ministry of Commerce
Government Asks OPEC+ To Fulfill Promise Of Price Stability: Oil Minister
Reuters | Thursday March 04, 2021Oil prices have recovered from last year's price crash spurred by the pandemic, helped by production cuts by the OPEC+ group.
Steel Exports To Remain Low Amid Rising Domestic Demand: Rating Agency
Edited by Nikita Prasad (With inputs from Agencies) | Wednesday March 03, 2021The finished steel exports in January 2021 totaled 0.58 million tonnes, down six per cent month-on-month and 16 per cent year-on-year as producers focused more on domestic sales
Services Growth At One-Year High On Boom In Domestic Demand
Reuters | Wednesday March 03, 2021Asia's third largest economy came out of a technical recession and expanded 0.4 per cent annually last quarter.
Imports Rise 7% To $40.55 Billion In February, Trade Deficit Widens To $12.88 Billion
Edited by Nikita Prasad (With inputs from Agencies) | Tuesday March 02, 2021India was a net importer in February 2021 with a trade deficit of $12.88 billion, as compared to a trade deficit of $10.16 billion in the corresponding month last year, improving by 26.74 per cent
GST Collections Crossed Rs 1 Lakh Crore Mark For Fifth Month In A Row
Press Trust of India | Monday March 01, 2021GST collections, which directly reflect the state of economic activity, had plummeted to a record low of Rs 32,172 crore in April 2020, after the government imposed a nationwide lockdown to curb the spread of coronavirus
Manufacturing Sector Records Growth For 7th Month, Momentum To Continue: Report
Edited by Nikita Prasad | Monday March 01, 2021The manufacturing sector has registered growth over the past six months and the PMI has shown activity recovery gathering steam.
Petrol Sales Increased 1.5% Last Month, Diesel Sales Fell 5.3%: Report
Reuters | Monday March 01, 2021State fuel retailers sold 2.22 million tonnes of gasoline and 5.81 million tonnes of diesel last month, the data provided by an industry source showed
Manufacturing Activity Ease In February; Firms Upbeat On Demand: Survey
Press Trust of India | Monday March 01, 2021The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell marginally to 57.5 in February from 57.7 in January.
Chief Economic Advisor Backs Proposal To Bring Petrol Under GST
Press Trust of India | Sunday February 28, 2021Chief Economic Advisor K V Subramanian, however, said the decision will have to be taken by the GST council.
Petrol, Diesel Prices Raised After A Pause Of Three Days On Saturday
Edited by Abhishek Vasudev | Saturday February 27, 2021Prices of petrol and diesel were increased across the four metros in the country after a pause three days on Saturday.
Agriculture, Industrial Sectors Accelerate As India Posts 0.4% Growth In December Quarter
Edited by Nikita Prasad (With inputs from Agencies) | Friday February 26, 2021The agriculture and industrial sectors witnessed growth in the October-December quarter of the current fiscal, while the contact intensive services sectors registered de-growth
Experts See K-Shaped Recovery As GDP Grows 0.4% In December Quarter
Reuters | Friday February 26, 2021The economy exited recession after two consecutive quarters of contraction as the gross domestic product growth expanded by 0.4 per cent in the October-December quarter
