Economy

Direct Tax Collections Up 5% To Rs 9.45 Lakh Crore In 2020-21, Exceeds Estimates

Direct Tax Collections Up 5% To Rs 9.45 Lakh Crore In 2020-21, Exceeds Estimates

Edited by Nikita Prasad (With inputs from Agencies) | Friday April 09, 2021

The net direct tax collections represent 104.46 per cent of the revised estimates of Rs 9.05 lakh crore of direct taxes for fiscal 2020-21

Retail Inflation Likely Touched 4 Month High In March: Poll

Retail Inflation Likely Touched 4 Month High In March: Poll

Reuters | Friday April 09, 2021

India's retail inflation touched a four-month high in March, owing to a spike in food and fuel prices.

Covid Resurgence Could Derail Indian Economy: Oxford Economics

Covid Resurgence Could Derail Indian Economy: Oxford Economics

Edited by Animesh Singh | Friday April 09, 2021

The Coronavirus resurgence in India has raised concerns that the economy's recovery could be derailed,Oxford Economics' latest report has said.

RBI Reworks Criticized Inflation-Forecasting Model

RBI Reworks Criticized Inflation-Forecasting Model

Anirban Nag, Bloomberg | Thursday April 08, 2021

The adjustments incorporate fiscal-monetary dynamics, India's unique and often chaotic fuel pricing regime, and exchange-rate fluctuations and their impact on balance of payments

RBI Provides Relaxation For Parking Unutilised ECB Proceeds In Term Deposits

RBI Provides Relaxation For Parking Unutilised ECB Proceeds In Term Deposits

Edited by Nikita Prasad (With inputs from Agencies) | Wednesday April 07, 2021

External commercial borrowings are simply commercial loans that are raised by eligible resident entities from recognised non-resident entities according to the Reserve Bank.

Reserve Bank To Set Up G-SAP 1.0 For Evolution Of Yield Curve: All You Need To Know

Reserve Bank To Set Up G-SAP 1.0 For Evolution Of Yield Curve: All You Need To Know

Edited by Nikita Prasad | Wednesday April 07, 2021

The RBI Governor said that the positive externalities of G-SAP 1.0 operations need to be reflected in those segments of the financial markets that rely on the G-sec yield curve as the main pricing benchmark

Mukesh Ambani Tops Forbes List Of Richest Indians Followed By Gautam Adani

Mukesh Ambani Tops Forbes List Of Richest Indians Followed By Gautam Adani

Edited by Nikita Prasad (With inputs from Agencies) | Wednesday April 07, 2021

Mukesh Ambani, who is also Asia's richest person, was closely followed by Adani Group chief Gautam Adani, having a net worth of Rs 5,050 crore.

Local Lockdowns: No Need For Loan Moratoriums At Present, Says RBI

Local Lockdowns: No Need For Loan Moratoriums At Present, Says RBI

Press Trust of India | Wednesday April 07, 2021

It can be noted that the RBI had announced a six-month moratorium in the early days of the national lockdown last year to help borrowers impacted by a chilling in economic activity.

RBI Pegs Retail Inflation At 4.4-5.2 per cent For Current Financial Year

RBI Pegs Retail Inflation At 4.4-5.2 per cent For Current Financial Year

Press Trust of India | Wednesday April 07, 2021

The central bank has the mandate to maintain inflation at 4 per cent, with an upper and lower tolerance band of 2 per cent for the next five years

Pandemic Slows India's Services Activity In March 2021: Report

Pandemic Slows India's Services Activity In March 2021: Report

Reuters | Wednesday April 07, 2021

The Nikkei/IHS Markit Services Purchasing Managers' Index fell to 54.6 in March from 55.3inFebruary but held above the 50-mark separating growth from contraction."

RBI's Attempt To Flush Excess Dollars Offers Lucrative Trade For Banks

RBI's Attempt To Flush Excess Dollars Offers Lucrative Trade For Banks

Suvashree Ghosh and Subhadip Sircar, Bloomberg | Wednesday April 07, 2021

As the biggest buyer of the greenback in the forwards market, the RBI is effectively funding some of the trading profits.

GDP Growth Projection For FY 2021-22 Remains Unchanged At 10.5%: RBI

GDP Growth Projection For FY 2021-22 Remains Unchanged At 10.5%: RBI

Edited by Peter Noronha | Wednesday April 07, 2021

Meanwhile, the RBI Governor kept the key rates unchanged amid concerns that rising Covid infections could derail the country's nascent economic recovery

RBI Monetary Policy Highlights: Repo Rate Steady, Growth Projection Retained At 10.5%

RBI Monetary Policy Highlights: Repo Rate Steady, Growth Projection Retained At 10.5%

Edited by Nikita Prasad (With inputs from Agencies) | Wednesday April 07, 2021

RBI Monetary Policy Highlights: RBI Governor Shaktikanta Das-led Monetary Committee maintained the status quo for the fifth time in a row, keeping the key lending rates unchanged

As Covid Cases Spiral Upwards, Will Reserve Bank Hold Rates Steady?

As Covid Cases Spiral Upwards, Will Reserve Bank Hold Rates Steady?

Edited by Peter Noronha | Tuesday April 06, 2021

RBI Monetary Policy: All economists surveyed by Bloomberg as of Monday expect the six-member Monetary Policy Committee to keep the repo rate unchanged at 4 per cent

RBI May Keep Rates Unchanged As Record Covid Cases Threaten Economy

RBI May Keep Rates Unchanged As Record Covid Cases Threaten Economy

Anirban Nag and Subhadip Sircar, Bloomberg | Tuesday April 06, 2021

All economists surveyed by Bloomberg as of Monday expect the six-member Monetary Policy Committee to keep the benchmark repurchase rate unchanged at 4 per cent on April 7