Economy

Budget 2021 Marks Directional Change For Economy: Finance Minister

Budget 2021 Marks Directional Change For Economy: Finance Minister

Press Trust of India | Thursday February 25, 2021

Narendra Modi, after becoming the prime minister in 2014, discarded the system of notary saying that citizens can self attest their documents, she said, adding that the system of boiler inspector, who would certify that the boiler in a factory is ok, was also abolished.

Coordinated Action Needed Between Centre, States On Tax Cut In Fuel Rates: RBI Governor

Coordinated Action Needed Between Centre, States On Tax Cut In Fuel Rates: RBI Governor

Press Trust of India | Thursday February 25, 2021

'There is a need for coordinated action between the centre and states because there are inherent taxes levied by both,' said Reserve Bank of India's Governor Shaktikanta Das

India Likely Exited Recession In 2020-End, GDP Data May Show: Report

India Likely Exited Recession In 2020-End, GDP Data May Show: Report

Anirban Nag, Bloomberg | Thursday February 25, 2021

Two of the eight high-frequency indicators tracked by Bloomberg News improved last month, while five held steady and one deteriorated.

Economic Recovery Takes Wings But Not Out Of The Woods Yet

Economic Recovery Takes Wings But Not Out Of The Woods Yet

Edited by Nirmalya Sen | Wednesday February 24, 2021

Cheered on by the decline in Covid-19 cases and reopening of economy, GDP is expected to rise 1.3 per cent in October-December, while it is likely to contract 6.8 per cent in financial year 2020-21

Economy Likely Returned To Growth In December Quarter: Poll

Economy Likely Returned To Growth In December Quarter: Poll

Reuters | Wednesday February 24, 2021

The median forecast from a survey of 58 economists, conducted between February18-24, put year-on-year growth at 0.5 per cent in the December quarter, as the economy stabilised after contracting 23.9 per cent and 7.5 per cent in April-June and July-Sept quarters respectively.

India's Inflation Target May Need To Be Refined: Chief Economic Adviser

India's Inflation Target May Need To Be Refined: Chief Economic Adviser

Reuters | Tuesday February 23, 2021

The current monetary policy framework, signed by Prime Minister Narendra Modi's government with the Reserve Bank of India in 2015, expires next month

Moderate Inflation Provides Room To Support Growth: MPC Minutes

Moderate Inflation Provides Room To Support Growth: MPC Minutes

Reuters | Monday February 22, 2021

The Reserve Bank of India kept rates steady at record low levels this month and said it would maintain support for recovery from the coronavirus by ensuring ample liquidity.

GST Council Should Consider Rationalisation, Bring Petrol Under GST: Finance Minister

GST Council Should Consider Rationalisation, Bring Petrol Under GST: Finance Minister

ANI | Saturday February 20, 2021

"The Centre and states both generate revenue from petrol. We can think about bringing petroleum under the GST. Maybe it is a solution,'' said Finance Minister Nirmala Sitharaman

Government Released Rs 1 Lakh Crore GST Compensation Shortfall Since October 2020

Government Released Rs 1 Lakh Crore GST Compensation Shortfall Since October 2020

Edited by Nikita Prasad (With inputs from Agencies) | Saturday February 20, 2021

This week, the amount was borrowed at an interest rate of 5.5924 per cent. So far, an amount of Rs. 1,00,000 crore has been borrowed by the government through the special borrowing window at an average interest rate of 4.8307 per cent

Unleash 'Animal Spirits' To Make India Fastest Growing Economy: Finance Minister

Unleash 'Animal Spirits' To Make India Fastest Growing Economy: Finance Minister

Press Trust of India | Saturday February 20, 2021

The expression animal spirits'' was coined by celebrated economist John Maynard Keynes to refer to investors'' confidence in taking action in terms of investment.

Fiscal Deficit Of States To Moderate To 4.3% Of GDP In Next Financial Year: Report

Fiscal Deficit Of States To Moderate To 4.3% Of GDP In Next Financial Year: Report

Edited by Nikita Prasad | Friday February 19, 2021

The agency estimates the nominal GDP to grow 14.5 per cent in the next fiscal year and also that a gradual pick-up in revenue collections could lead to an improvement in the capital expenditure

GDP To Bounce Back To 10.4% Next Fiscal Year By Base Effect: Rating Agency

GDP To Bounce Back To 10.4% Next Fiscal Year By Base Effect: Rating Agency

Edited by Nikita Prasad | Friday February 19, 2021

Although the recovery in the next fiscal on a year-on-year basis will be V-shaped, the size of the GDP will barely surpass the level attained in the financial year 2019-20

Petrol, Diesel Prices At New Highs; Petrol Above Rs 90/Litre In Delhi

Petrol, Diesel Prices At New Highs; Petrol Above Rs 90/Litre In Delhi

Edited by Abhishek Vasudev | Friday February 19, 2021

In Delhi, the price of petrol was hiked by 31 paise from Rs 89.88 per litre to Rs 90.19 per litre, and diesel was increased by33 paise from Rs 80.27 per litre to Rs 80.60 per litre

GDP To Expand 0.08% In December Quarter, Growth Pegged At 8.5%: Barclays

GDP To Expand 0.08% In December Quarter, Growth Pegged At 8.5%: Barclays

Edited by Nikita Prasad | Thursday February 18, 2021

In its Monetary Policy Review presented on February 5, the Reserve Bank of India projected 10.5 per cent GDP growth in the financial year 2021-22.

Inflation Target Band Of 2%-6% Up For Review: Finance Minister

Inflation Target Band Of 2%-6% Up For Review: Finance Minister

Reuters | Thursday February 18, 2021

The band, on the basis of which monetary policy is decided by a six-member committee headed by the central bank governor, was established in 2016.