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June 18, 2021 03:51 PM ISTSanyal has said that it will be important to assess how much recovery will be sustained, as many more states look to unlock.
June 18, 2021 02:28 PM IST Stagnant for the past three years, India's agricultural exports saw a major rise in pandemic riddled FY21, even as all other sectors witnessed a dip in forex earnings. This comes two years after the Agriculture Export Policy was announced. The policy tapped into global demand and expanded the farm export basket. Pleasantly surprised policymakers are now hoping to recreate this success story in other sectors
June 16, 2021 07:13 PM IST Nomura’s economist expects the Indian economy to contract 4 percent in April-June compared with Jan-March and that inflation would remain a big risk that may require a hike in reverse-repo rates in the second half of the fiscal
June 16, 2021 03:06 PM IST The cost inflation index (CII) is used by taxpayer to compute gains arising out of sale of capital assets after adjusting inflation. The Central Board of Direct Taxes (CBDT) on June 15 notified the cost inflation index for the current fiscal (2021-22).
June 15, 2021 09:33 PM IST At a time when the economy is reeling from the effects of a deadly wave of COVID-19, income levels have dropped and regional lockdowns have contributed to unemployment, a rise in inflation is the last thing the government wants to deal with.
June 15, 2021 06:13 PM IST The extremely large rise in exports have been observed for the past 2-months. They are due to the extremely low volume of trade beginning in March, 2020 when the nationwide lockdown had been first instituted.
June 14, 2021 07:47 PM IST Some of the opposition Finance Ministers publicly spoke about not being heard at the GST Council meeting, prominent among them being Punjab Finance Minister Manpreet Singh Badal and West Bengal Finance Minister Amit Mitra.
June 14, 2021 06:25 PM IST While parts of the G7 countries fund may later reach India through climate financing and sustainable development grants, officials say its biggest ripple effect will be in containing Chinese influence over India's traditional allies, who have increasingly veered towards Beijing following the Big Dragon's massive infrastructure investments
June 14, 2021 05:36 PM IST CPI uptick showed that the impact of local COVID-19 lockdowns in May was more severe than expected, said economists. However, given the Monetary Policy Committee's inclination to support growth, a status quo on monetary policy is expected
June 14, 2021 12:13 PM IST Fuel inflation has nearly doubled for three straight months now, hitting 37 percent in May, up from just 0.6 percent in February. Further pushed up by a 10.8 percent rise in manufacturing prices, wholesale inflation reached record level highs for the second consecutive month in May.
June 12, 2021 08:46 AM IST The rationale for bringing the websites of the organisations under the ambit of the law is "well reasoned", the information and broadcasting ministry said in a clarification to digital news publishers, publishers of online curated content or OTT platforms and associations of digital media publishers on Thursday.
June 11, 2021 05:49 PM IST With the early part of 2020 witnessing nationwide shutdown, low base effects have thrown economic calculations haywire and resulted in volatile growth numbers. Economists say this will continue to mar industrial figures till at least June.
June 11, 2021 08:38 AM IST We may soon be able to have a template which tells us the way to get school education right
June 10, 2021 08:42 AM IST In an interview with Moneycontrol, Morgan Stanley's Upasana Chachra said that the Centre was on the right track by focusing on infrastructure and public investment, and that an income-support programme might not be feasible from a fiscal deficit perspective.
June 09, 2021 01:23 PM IST From June 1 onwards, the government had temporarily permitted the resumption of oxygen supply for industrial use by key manufacturing sectors, pursuant to certain fixed limits. On June 8, the DPIIT further relaxed those targets allowing more oxygen for industrial use.
June 07, 2021 08:31 PM IST The budgeted vaccination expenditure and any amount further sought through Supplementary Demand for Grants in the upcoming sessions of Parliament should be enough to fund the centre’s expanded vaccination programme, a senior government official said.
June 07, 2021 08:49 AM IST Trying to push inflation down to the 4 per cent level has a cost by way of lower growth
June 04, 2021 07:56 PM IST Fiscal stimulus is needed for the economy to bounce back, but cash transfers may not be useful because people may keep the money in the bank instead of increasing consumption – a trend visible in the swelling balances in the Jan Dhan accounts of the poor, NITI Aayog Vice-chairman Rajiv Kumar told Moneycontrol.
June 03, 2021 02:07 PM IST In 2020-21, Kerala and Bihar retained their top and bottom ranks respectively, in the Niti Aayog's SDG India Index 2020-21, which measures the progress of states and Union Territories on social, economic, and environmental parameters
June 03, 2021 12:07 PM IST Export orders nosediving to 6-month lows and lack of domestic demand led to the first decline in sales since September 2020 for services companies. As a result, the sector lost jobs for the sixth straight month.
June 02, 2021 07:47 PM IST Chief Economic Advisor Krishnamurthy Subramanian admitted that regional lockdowns and a devastating second wave of pandemic had hit the economy in May 2021, compared to April and March
June 01, 2021 02:58 PM IST After two successive waves of the widespread COVID-19 pandemic and the resultant hit to incomes and jobs, domestic demand has tumbled as households scale back spending. FICCI has argued in favour of specific income support to rural India as well as urban poor, income tax reductions for the middle class, and temporary reductions in indirect taxes.
June 01, 2021 02:21 PM IST South Africa and Argentina will take the longest to reach their December 2019 per-capita GDP levels
May 31, 2021 11:06 PM IST Chief Economic Advisor Subramanian added that the overall impact of the second wave of Covid-19 is unlikely to be significant, although there is uncertainty over possible double-digit growth in the current financial year.
May 31, 2021 03:39 PM IST As per the government data, the retail prices of edible oils have risen over 62 percent in over a year.
