Economy

Jet Fuel Price Cut By 3%, Subsidised LPG By Rs 10/Litre

Jet Fuel Price Cut By 3%, Subsidised LPG By Rs 10/Litre

Press Trust of India | Thursday April 01, 2021

Jet fuel rates were increased by Rs 3,246.75 per kl on February 1, followed by a 3.6% hike on February 16, and a steep 6.5 per cent raise on March 1.

Government Extends Foreign Trade Policy Till September Due To Covid-19

Government Extends Foreign Trade Policy Till September Due To Covid-19

Press Trust of India | Wednesday March 31, 2021

On March 31, 2020, the government had extended the Foreign Trade Policy 2015-20 for one year till March 31, 2021, amid the coronavirus outbreak and the lockdown.

India Posts Smaller Current Account Deficit As Economy 'Normalises'

India Posts Smaller Current Account Deficit As Economy 'Normalises'

Reuters | Wednesday March 31, 2021

The deficit stood at 0.2 per cent of gross domestic product in the latest quarter, compared with a deficit of $2.6 billion, or 0.4 per cent of GDP, in the same period a year ago.

Domestic LPG Cylinder Price Decreases By Rs 10

Domestic LPG Cylinder Price Decreases By Rs 10

ANI | Wednesday March 31, 2021

In a major relief to consumers, the cost of domestic Liquefied Petroleum Gas (LPG) cylinders will reduce by Rs 10 from April 1, bringing it down to Rs 809 per cylinder, Indian Oil Corporation (IOC) informed on Wednesday.

Government, RBI Retain 2%-6% Inflation Target For 5 Years

Government, RBI Retain 2%-6% Inflation Target For 5 Years

Reuters | Wednesday March 31, 2021

Retail inflation accelerated to 5.03 per cent year-on-year, a three-month high, in February on higher fuel prices.

Government To Borrow Rs 7.24 Lakh Crore From Market In Six Months

Government To Borrow Rs 7.24 Lakh Crore From Market In Six Months

Reuters | Wednesday March 31, 2021

The borrowings in the first half of the next fiscal year will be about 60 per cent of Rs 12.05 lakh crore borrowing target for the whole fiscal year.

World Bank Raises India's Growth Forecast To 10.1% From 5.4% For 2021-22

World Bank Raises India's Growth Forecast To 10.1% From 5.4% For 2021-22

Edited by Nikita Prasad | Wednesday March 31, 2021

The World Bank states that given the significant uncertainty pertaining to both epidemiological and policy developments, the real GDP growth for the next financial year can range between 7.5 - 12.5 per cent, depending on the ongoing vaccination campaign proceeds, and whether new restrictions to mobility will be required.

Infrastructure Output Of Core Sectors Slips 4.6% In February 2021

Infrastructure Output Of Core Sectors Slips 4.6% In February 2021

Edited by Nikita Prasad (With inputs from Agencies) | Wednesday March 31, 2021

Infrastructure Output in February 2021: The decline in February 2021 was led by a sharp contraction in the refinery products followed by a decline in cement and coal production.

Cabinet Approves Rs 10,900 Crore Incentive Scheme For Food Processing Sector

Cabinet Approves Rs 10,900 Crore Incentive Scheme For Food Processing Sector

Press Trust of India | Wednesday March 31, 2021

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the scheme which will help create 2.5 lakh jobs by 2026-27, boost exports and facilitate expansion of food processing capacity to generate processed food output worth Rs 33,494 crore

Centre Defers Labour Codes Implementation: Take-Home Pay, PF Liability Unchanged

Centre Defers Labour Codes Implementation: Take-Home Pay, PF Liability Unchanged

Press Trust of India | Wednesday March 31, 2021

The labor ministry had envisaged implementing the four codes on industrial relations, wages, social security, and occupational health safety & working conditions from April 1, 2021.

Jawaharlal Nehru Port Trust Signs Rs 100 Crore Agreement With CNB Logitech: Here's Why

Jawaharlal Nehru Port Trust Signs Rs 100 Crore Agreement With CNB Logitech: Here's Why

Edited by Nikita Prasad (With inputs from Agencies) | Friday March 26, 2021

The Rs 100 crore agreement signed between the two companies will facilitate the country's foreign trade policy through a more efficient movement of containers

Petrol, Diesel Prices Unchanged On Friday

Petrol, Diesel Prices Unchanged On Friday

Edited by Abhishek | Friday March 26, 2021

Petrol and diesel prices were kept unchanged across the four metro cities on Friday.

Parliament Passes Bill To Set Up National Bank For Financing Infrastructure

Parliament Passes Bill To Set Up National Bank For Financing Infrastructure

Press Trust of India | Thursday March 25, 2021

Finance Minister Nirmala Sitharaman asserting that its audited accounts will be placed before both the Houses every year and they will have "oversight" of the institution

Economy's Revival Seen 'Unabated' Despite Infection Surge: Shaktikanta Das

Economy's Revival Seen 'Unabated' Despite Infection Surge: Shaktikanta Das

Reuters | Thursday March 25, 2021

"Our preliminary analysis shows that the growth rate next year, that is, at 10.5 per cent, which we had given, would not require a downward revision," said Shaktikanta Das

Discussing Public Sector Banks Privatisation With Centre: Shaktikanta Das

Discussing Public Sector Banks Privatisation With Centre: Shaktikanta Das

Edited by Peter Noronha | Thursday March 25, 2021

Governor Shaktikanta Das emphasized that a healthy banking sector, with a strong capital base and ethics-driven governance, remained a policy priority