BUSINESS
Q3 GDP data: Manufacturing, construction back in positive territory
A major factor that is taken into account while calculating GDP and GVA is the Index of Industrial Production (IIP).
BUSINESS
Q3 GDP data: Government consumption spending growth in FY21 likely to be slower than FY20, show advance estimates
During the first quarter of the current financial year, GFCE was 16.4 percent of the GDP, pushed by a rise in government spending.
BUSINESS
Private consumption continued to shrink in Q3, projected to rebound in Q4
In a sign of recovery, demand for loans picked up in January based on Reserve Bank of India data.
BUSINESS
Government has no business to be in business, says PM Narendra Modi
The government plans to monetise around 100 underutilised and unutilised public assets in the near future, Modi said, adding that the move would create an investment opportunity of around Rs 2.5 trillion.
BUSINESS
Reliance to spin off O2C biz into 100% subsidiary
The new subsidiary will lead RIL’s move towards clean energy and sustainable value creation. Company expects various approvals for the reorganisation to be in place by the second quarter of FY22
