Retail Inflation Likely To Average Close To 5% In Next Fiscal: Report
Edited by Nikita Prasad | Thursday February 25, 2021The retail inflation may average close to five per cent in the next fiscal year, a significant moderation versus likely the current fiscal year's average of close to six per cent.
Budget 2021 Marks Directional Change For Economy: Finance Minister
Press Trust of India | Thursday February 25, 2021Narendra 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
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
Anirban Nag, Bloomberg | Thursday February 25, 2021Two 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
Edited by Nirmalya Sen | Wednesday February 24, 2021Cheered 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
Reuters | Wednesday February 24, 2021The 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
Reuters | Tuesday February 23, 2021The 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
Reuters | Monday February 22, 2021The 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
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
Edited by Nikita Prasad (With inputs from Agencies) | Saturday February 20, 2021This 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
Press Trust of India | Saturday February 20, 2021The 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
Edited by Nikita Prasad | Friday February 19, 2021The 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
Edited by Nikita Prasad | Friday February 19, 2021Although 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
Edited by Abhishek Vasudev | Friday February 19, 2021In 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
Edited by Nikita Prasad | Thursday February 18, 2021In 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.
