Power consumption in the country was recorded at 49.67 BU during October 1-15 last year, according to the power ministry data.
This marks the first decline in investment through the route since March, data available with the Securities and Exchange Board of India (Sebi) showed.
The decline in gold and silver imports has helped in narrowing the country''s trade deficit, difference between imports and exports, at USD 23.44 billion during April-September 2020-21 as against USD 88.92 billion in the year-ago period.
The Chief Minister said as per preliminary estimates Andhra Pradesh suffered damage to the tune of Rs 4,450 crore due to the heavy rains that lashed the state from October 9 to 13 and the consequent flooding.
Congress leader Rahul Gandhi had taken a dig at the government over IMF growth projections showing Bangladesh closing in on India in terms of per capita GDP this year and described it as a "solid achievement" of six years of the BJP's "hate-filled cultural nationalism".
During 2019-20, the exports stood at Rs 2,52,249.46 crore, according to data provided by the Gem and Jewellery Export Promotion Council of India (GJEPC).
The comments by Goldman Sachs Group President John Waldron arrived a few weeks ahead of the US Presidential Elections 2020, when stalled stimulus talks and economic fallout due to the COVID-19 pandemic, are threatening to undermine job recovery
These companies "would be required to align their FDI to the 26 per cent level with the approval of the central government, within one year from the date of issue of this clarification", the Department for Promotion of Industry and Internal Trade (DPIIT) said.
It estimated that the economy is likely to contract by 13.5 percent in the second quarter (July-September), and the contraction in FY21 (April 2020 to March 2021) is likely to be around 9.5 percent unless the government takes immediate initiative to revive the economy.
The Ministry of Micro, Small and Medium Enterprises (MSME) issued a clarification in this regard alerting the public after taking strong note ”of mischievous activities of this organisation projecting itself as part of the MSME ministry”.
Apparel Export Promotion Council (AEPC) Chairman A Sakthivel said apparel exports rose for the first time this fiscal in September and the steep recovery from 90 per cent fall in April to 10 per cent rise last month "corroborates our belief that the apparel sector is already on the path of V-shaped recovery".
Participating in the 102nd meeting of the World Bank Development Committee Plenary, Sitharaman said the COVID-19 pandemic, which started before its last meeting in April, continues to impact the developing and developed countries.
We are glad to announce that from this week we have struck a partnership with the Financial Times, which needs no introduction to an audience like you
The monetary institutions warned that the humanitarian crisis can further exacerbate fragility, conflict, and violence as well as intensify risks, including in small island states.
As per a notification issued by the RBI, new housing loans will attract a risk weight of 35 percent where LTV is less than 80 percent and a risk weight of 50 percent where LTV is more than 80 percent but less than 90 percent.
A total of 31 countries almost a quarter of all those S&P rates - currently have "negative outlooks" on their ratings which more often than not get converted into downgrades.
Retail sales have been recovering since plunging in the spring as stores and malls were ordered closed to help prevent the spread of the coronavirus.
The Federal Reserve reported Friday that industrial production suffered its first decline since a 12.7 percent drop in April during the spring lockdowns.
It will be the third Budget of the Modi 2.0 government and Finance Minister Nirmala Sitharaman. Budget 2021-22 is likely to be presented on February 1.
A selection of articles and social media gems from the world of economy, business and finance
It’s turning out to be a huge challenge for the RBI to revive animal spirits in the economy. With inflation diminishing monetary policy space, how should investors play their cards? Next week, they need to take note of China GDP, a series of PMIs and India’s own bank loan data
In the previous week ended October 2, 2020, the reserves had increased by $3.618 billion to $545.638 billion.
The Directorate General of Foreign Trade (DGFT) has added split and 'other' ACs with refrigerants into the 'prohibited' category, previously under the 'free' list
Most economists have welcomed the decision saying it is a cleaner way of raising the necessary funds swiftly.
United relies far more than its rivals on international travel, which is deeply depressed and is expected to take far longer than domestic travel to bounce back