Covid In India

S&P Cuts India's Growth Forecast to 9.5% For Current Financial Year

Business | Press Trust of India | Thursday June 24, 2021

GDP growth in the current fiscal was estimated to be in double digits initially, but after a severe second wave, many agencies cut growth projections.

Centre Extends Food Grains Allotment By Five Months Under Garib Kalyan Yojana

Business | Edited by Animesh Singh | Wednesday June 23, 2021

Food grains would be provided from July to November 2021 at five rupees per person per month to around 81 crore beneficiaries.

Fiscal Stimulus Of Rs 3 Lakh Crore Needed To Push Demand: Industry Body CII

Business | Edited by Animesh Singh | Thursday June 17, 2021

Industry body CII: Accelerated vaccination is the key to faster economic recovery.

Government Puts On Hold Proposal To Cut Import Tax On Edible Oils: Report

Business | Reuters | Thursday June 17, 2021

India has put on hold a proposal to reduce import taxes on edible oils as cooking oil prices started falling in world market after record highs.

Rs 2 Lakh Crore Likely Loss To Economy From Covid Second Wave: RBI Report

Business | Edited by Animesh Singh | Thursday June 17, 2021

RBI has said that while the second wave has hit domestic demand, agriculture and contactless services have held up.

Covid In India: Cabinet Okays Subsidised Rates For Fertilisers

Business | Edited by Animesh Singh | Wednesday June 16, 2021

Hike in subsidised fertiliser rates has been effected as one-time measure as part of Covid-19 package to reduce the hardships of farmers.

Rising Inflation May Force RBI To Focus on Price Stability, Says SBI Report

Business | Reported by Sakshi Bajaj, Edited by Animesh Singh | Wednesday June 16, 2021

SBI Report: If the RBI has to ultimately increase interest rates or change its stance to combat inflation, it may impact incipient signs of recovery.

Domestic Fuel Sales Recover As Lockdown Restrictions Ease In India

Business | Reuters | Wednesday June 16, 2021

Gasoline sales during June 1-15 jumped 13 per centand diesel sales rose 12 per cent, compared with the same period last month.

RBI To Focus On Growth Even As Inflation Breaches Tolerance Band

Business | Reuters | Tuesday June 15, 2021

The RBI is unlikely to react yet to multi-month high retail prices as economic recovery remains its prime focus amid the second wave of the pandemic.

FPIs Invest Rs 13,424 Crore In Indian Markets Till June

Business | Press Trust of India | Sunday June 13, 2021

Depositories data showed that foreign portfolio investors invested Rs 15,520 crore in equities during June 1-11.

Poor Frontline Workers Hit by Rising Fuel Prices

Business | Reuters | Wednesday June 9, 2021

People in India have been hit hard by record high fuel prices, having risen by a third in the 15 months since Coronavirus hit the country.

Government's Bank Privatisation Move May Face Hurdles Amid Covid: Report

Business | Edited by Animesh Singh | Monday June 7, 2021

Centre's decision to privatise public sector banks face risks from political opposition as well as structural challenges like balance sheet stress.

Covid In India: Nirmala Sitharaman Asks Insurance Companies to Settle Claims Faster

Business | Edited by Animesh Singh | Sunday June 6, 2021

Finance Minister Nirmala Sitharaman asked insurers to accelerate the disbursement of pending claims.

Delta Variant, Super Infectious, Caused Deadly Second Wave

India News | Reported by Parimal Kumar, Edited by Deepshikha Ghosh | Friday June 4, 2021

The coronavirus variant first found in India, the Delta strain, is highly infectious and fast-spreading and drove the savage second surge of COVID-19 in the country, a government study has found.

RBI Governor Sees GDP Growth At 9.5% In 2021-22 On Positive Indicators

Business | Written by Animesh Singh | Friday June 4, 2021

GDP break up to be 18.5 per cent in first quarter, 7.9 per cent in second quarter, 7.2 per cent in third quarter and 6.6 per cent in fourth quarter.