December 01, 2020 04:33 PM IST
One of the most crucial input data points used in GDP and GVA calculations is the Index of Industrial Production (IIP). IIP contracted by 10.4 per cent in July year-on-year, by 8 per cent in August and expanded by 0.2 per cent in September. So, in a quarter where IIP contracted during two months and barely rose in month, manufacturing GVA showed positive growth.
- November 30, 2020 03:23 PM IST
According to experts, that result of policy decisions like timely unlocking of the economy, pitch for self-reliance, and relief measures for various sectors have yielded desired results quicker than expected
- November 27, 2020 08:44 PM IST
It is a significant improvement in comparison to India’s GDP in the April-June quarter of the current fiscal which saw an unprecedented 23.9 percent drop during the early stages of nationwide lockdown induced by novel coronavirus pandemic. Sectors such as agriculture, fishing continues to grow in the second quarter of FY21.
- November 27, 2020 07:51 PM IST
According to the NSO data released on Friday, the gross value added (GVA) from trade, hotel, transport, communication & services related to broadcasting fell by 15.6 percent at constant prices in July - September quarter year-on-year against a 7 percent year-on-year decline in the overall real GVA for the second quarter.
- November 27, 2020 06:05 PM IST
Agriculture appeared to be one of the few bright spots for the second straight quarter amid a grim GDP performance clocking a growth of 3.4 percent at constant prices in the July- September quarter as per the data released by the National Statistical Office on November 27.
- November 27, 2020 09:40 AM IST
The growth witnessed in the fast-moving consumer goods (FMCG) sector was also a reflection of positivity witnessed in the overall macroeconomic scenario amid opening up of the economy and easing of lockdown restrictions
- November 27, 2020 08:57 AM IST
Most GDP projections are much better than the 23.9 percent slump recorded for Q1FY21
- November 26, 2020 07:13 PM IST
A number of high-frequency indicators have shown gradual signs of pick up, pointing towards overall economic recovery in the country. In fact, by September, indicators like vehicle sales, real estate, manufacturing PMI, and railway freight earnings, had outstripped September 2019
- November 26, 2020 05:51 PM IST
In a bid to push infrastructure creation in the country, the Union Cabinet has approved Rs.6000 crore capital infusion in National Investment and Infrastructure Fund's (NIIF) debt platform over the next two years. How this move will play a role in infrastructure financing? Let's find out
- November 25, 2020 08:12 PM IST
S&P Global Ratings has said that Non-performing assets in the Indian banking sector are likely to witness an uptick and may shoot up to 11 percent of gross loans in the next 12-18 months. What does this mean for the banking system? Let's find out
- November 25, 2020 06:16 PM IST
Under the terms of option 1, besides getting the facility of a special window for borrowings to meet the shortfall arising out of GST implementation, states are also entitled to get unconditional permission to borrow the final instalment of 0.50 percent of gross state domestic product out of the 2 percent additional borrowings permitted by the Centre.
- November 25, 2020 05:19 PM IST
The distribution strategy for a potential COVID-19 vaccine is being chalked out by the Centre in coordination with the states. The task of vaccinating the country's 1-billion-plus population presents many challenges and involves a formidable exercise in logistics.
- November 24, 2020 06:15 PM IST
A number of countries expressed their concerns about the uncertainty over an EU-UK trade deal at the recent market access committee meeting at the WTO. The Brexit transition deadline is December 31.
- November 24, 2020 04:07 PM IST
The four labour codes that aimed to streamline and simplify existing laws have drawn mixed responses. While they have been welcomed by industry as a spur to employment generation, trade unions and opposition parties view them as being anti-labour and heavily tilted in favour of employers.
- November 23, 2020 07:18 AM IST
In its report for 2021-22 to 2024-25, the Fifteenth Finance Commission (15th FC) has also likely recommended that governments move to a fiscal deficit target range rather than a fixed number.
- November 20, 2020 05:22 PM IST
In October, the Ministry of Electronics and Information Technology (MeitY) approved 16 eligible applicants under the PLI scheme. The PLI for large scale electronics manufacturing extends an incentive of 4 to 6 percent on incremental sales of goods manufactured in India to the eligible companies, for a period of five years.
- November 19, 2020 06:21 PM IST
China and 14 other Asia-Pacific nations signed the RCEP on November 15. Stating that China-backed trade agreement failed to address India's concerns, the latter opted out of it in November last year. India had mentioned that RCEP trade agreements were a threat to the circumvention of rules of origin due to tariff differentials.
- November 19, 2020 03:52 PM IST
ICRA reports robust recovery in key construction sectors such as cement and steel and healthy central government awards in roads and railways during Q2 FY2021.
- November 19, 2020 09:46 AM IST
Sources said so far tax of Rs 72,480 crore has been paid by the CPSUs and taxpayers against the disputed demand under the scheme
- November 18, 2020 05:08 PM IST
The central and state governments should increase their spending on the country's healthcare sector to 2.5 percent of GDP over the next four years, Finance Commission chairman N.K. Singh said on Wednesday.
- November 18, 2020 03:58 PM IST
Contributing establishments with the EPFO have dropped by 30,825 from September to October, official data shows
- November 18, 2020 12:37 PM IST
The Code on Social Security, 2020 has widened the coverage of social security benefits to the workers in the unorganised sector namely the contract workers, gig workers, platform workers and migrant workers.
- November 17, 2020 06:28 PM IST
On Tuesday, BPCL shares closed 4.4 per cent lower. That would value the centre’s 53 per cent stake at around Rs 45,000 crore. And this time around, officials aren’t even remotely willing to hazard a guess on what sort of premium the government would get on its stake.
- November 17, 2020 05:38 PM IST
In order to reduce India's dependence on China, the government in March had announced a scheme that aims to give companies incentives on incremental sales from products manufactured in domestic units.
- November 12, 2020 09:07 PM IST
Finance Minister Nirmala Sitharaman said that the size of ‘Aatmanirbhar Bharat 3.0’ package amounted to Rs 2.65 lakh crore. However, calculations by Moneycontrol and by independent analysts show that it may not be more than Rs 1.5 lakh crore.