Economy

Chief Economic Advisor Backs Proposal To Bring Petrol Under GST

Chief Economic Advisor Backs Proposal To Bring Petrol Under GST

Press Trust of India | Sunday February 28, 2021

Chief 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

Petrol, Diesel Prices Raised After A Pause Of Three Days On Saturday

Edited by Abhishek Vasudev | Saturday February 27, 2021

Prices 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

Agriculture, Industrial Sectors Accelerate As India Posts 0.4% Growth In December Quarter

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

The 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

Experts See K-Shaped Recovery As GDP Grows 0.4% In December Quarter

Reuters | Friday February 26, 2021

The 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

Infrastructure Output Of Core Sectors Up 0.1% In January 2021

Infrastructure Output Of Core Sectors Up 0.1% In January 2021

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

Infrastructure Output in January 2021: Coal, crude oil, natural gas, refinery products, as well as cement registered negative growth during the month, according to the Ministry of Commerce

India's GDP Grows At 0.4% After Two Quarterly Declines

India's GDP Grows At 0.4% After Two Quarterly Declines

Edited by Peter Noronha | Friday February 26, 2021

The GDP had contracted by a massive 23.9 per cent in the June quarter amid the pandemic-led nationwide lockdown and by 7.5 per cent during the September quarter

India Exits Recession With 0.4% Quarterly Growth

India Exits Recession With 0.4% Quarterly Growth

Edited by Peter Noronha | Friday February 26, 2021

The Indian economy has exited recession after two consecutive quarters of de-growth as the gross domestic product (GDP) expanded by 0.4 per cent in the three months ended December 2020 as against a contraction of 7.3 per cent in the September quarter. India is among the few major economies to post growth in the last quarter of 2020. For the full year, GDP is estimated to contract by 8 per cent in the financial year, the National Statistical Office (NSO) said in a press release.

April-January Fiscal Deficit Hits 66.8% Of Full-Year Target

April-January Fiscal Deficit Hits 66.8% Of Full-Year Target

Reuters | Friday February 26, 2021

Fiscal Deficit Target: Net tax receipts were Rs 11.02 lakh crore, while total expenditure was Rs 25.17 lakh crore, the data showed.

PM Modi Asks Banks To Unveil Innovative Products For Startups, Fintech

PM Modi Asks Banks To Unveil Innovative Products For Startups, Fintech

Press Trust of India | Friday February 26, 2021

Speaking at a webinar on Budget announcements on Financial Services, PM Modi said to help medium and small businesses during COVID-19. 90 lakh MSMEs were given credit worth Rs 2.4 trillion.

Here's Why Economic Recovery Entered Consolidation Phase Last Month

Here's Why Economic Recovery Entered Consolidation Phase Last Month

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

Six indicators witnessed an improved year-on-year performance in January 2021, compared to December 2020, viz., non-oil exports, rail freight traffic, diesel consumption etc

Economy Potentially Resumed Growing Last Quarter: Report

Economy Potentially Resumed Growing Last Quarter: Report

Edited by Nirmalya Sen | Friday February 26, 2021

GDP Data: India had slipped into a technical recession during July-September when gross domestic product fell for two successive quarters

GDP To Register Record Expansion Of 11% In Next Fiscal Year: Report

GDP To Register Record Expansion Of 11% In Next Fiscal Year: Report

Edited by Nikita Prasad | Thursday February 25, 2021

Countercyclical stance of Budget 2021 has cemented expectations of growth recovery continuing well into the next fiscal, and the range of real GDP growth prognosis varies between 10-15 per cent

Here's How Production Linked Incentive Scheme Will Affect 10 Key Sectors

Here's How Production Linked Incentive Scheme Will Affect 10 Key Sectors

Edited by Nikita Prasad | Thursday February 25, 2021

With an aim to boost domestic manufacturing and cut down import bills, the government introduced the PLI scheme, to provide incentives on incremental sales from products manufactured in domestic units.

Retail Inflation Likely To Average Close To 5% In Next Fiscal: Report

Retail Inflation Likely To Average Close To 5% In Next Fiscal: Report

Edited by Nikita Prasad | Thursday February 25, 2021

The 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

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.