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.
- May 30, 2021 08:36 AM IST
A Pew Research report from March -- before the second wave of COVID-19 cases -- suggests that India’s poverty rate had risen to 9.7 percent in 2020, up from January 2020 forecast of 4.3 percent.
- May 28, 2021 10:49 PM IST
The proposal of zero-rating covid items was first proposed by by Bharatiya Janata Party’s Rajya Sabha member and former Bihar Deputy Chief Minister Sushil Kumar Modi earlier this week and was backed by experts.
- May 28, 2021 09:25 AM IST
43rd GST Council Meeting Highlights: Union Finance Minister Nirmala Sitharaman said that Council has decided to exempt IGST on free COVID related supplies upto August 31. So far, the IGST exemption was available only when you were importing free of cost.
- May 27, 2021 05:11 PM IST
43rd GST Council Meeting: GST Council’s meeting on May 28 can consider total tax exemption for medical supplies needed for combating COVID-19, and may also discuss tax tweaks to help sectors that have been hit hard by the second wave as well as compensation for states, experts say.
- May 27, 2021 02:36 PM IST
The structure leads to working capital challenges for businesses and creates additional compliance requirements and ultimately more costs. Demands from domestic industry to fix the anomaly has gained pace since the pandemic-induced industrial slowdown began.
- May 25, 2021 10:18 AM IST
Topics of priority at the GST meet on May 28 would include discussion on GST compensation mechanism for FY22
- May 21, 2021 06:13 PM IST
Provided all other budget assumptions regarding revenue and expenditure remain the same, the additional surplus from RBI will reduce the fiscal deficit as a percentage of nominal gross domestic product to 6.56% for 2021-22, compared to a budgeted target of 6.8%, Moneycontrol calculations show.
- May 19, 2021 08:25 PM IST
The government said that a decision was taken to increase the subsidy for diammonium phosphate (DAP) fertilizer from Rs 500 to Rs 1200 per bag, an increase of 140 per cent.
- May 18, 2021 07:21 PM IST
“WPI will remain elevated in the months to come for two reasons: rising global commodity prices and low base effect. This may sound good for corporates who could be regaining some purchasing power,” said Madan Sabnavis, Chief Economist with Care Ratings.
- May 17, 2021 12:50 PM IST
Fuel inflation has doubled for two straight months now, hitting 21 percent in April, up from 10.2 percent in March, and just 0.6 percent in February. Further pushed up by a 9 percent rise in manufacturing prices and a continuing uptick in food prices, wholesale inflation reached near-record levels in April.
- May 15, 2021 02:32 PM IST
A senior government official has told Moneycontrol that Air India will release a statement soon ‘with all the facts’. The person added that the Centre was going ahead with the national carrier’s privatisation plans.
- May 15, 2021 02:05 PM IST
The agenda of the GST Council meeting on May 28 will be the GST rates on various medical devices, essential drugs, and other COVID-19-related issues.
- May 13, 2021 08:35 PM IST
While March IIP figures, and those over the coming months, could be encouraging only due to low-base effect, CPI inflation is not expected to stay in sub-5 per cent territory either, analysts say
- May 13, 2021 06:22 PM IST
While some municipalities are, or will issue tenders to procure vaccines, others are directly talking to manufacturers. The smaller provinces seem to be depending on distribution by the central government.
- May 12, 2021 05:47 PM IST
Cumulatively, India's industrial output shrunk 8.6 percent in FY21, as compared to a 0.9 percent contraction in FY20. Output shrank during 9 months in 2020-21.
- May 12, 2021 05:40 PM IST
The fall in inflation rate was primarily on the back of a sharp decline in food inflation. Data by the National Statistical Office shows that Consumer Food Price Index (CFPI) inflation dropped to 2.02 percent in April from 4.87 percent in March.
- May 11, 2021 08:40 PM IST
The Ministry of Statistics and Programme Implementation will release CPI inflation for April and Index of Industrial Production for March on May 12. The Commerce Ministry’s Office of the Economic Advisor will release Wholesale Price Index-based inflation for April on May 14.
- May 11, 2021 12:39 PM IST
For agriculture to make a positive contribution to GVA this year, the spread of COVID-19 in rural India needs to be prevented by using all possible means
- May 11, 2021 08:40 AM IST
West Bengal is the fourth state, after Punjab, Chhattisgarh and Delhi, to ask for GST relief on COVID-19 supplies. FM Sitharaman's response, that domestically made and commercially imported items may not be exempted, could become a potential flashpoint, which will require deft handling at the next Council meeting.
- May 09, 2021 02:39 PM IST
The grants are meant for three tiers of Panchayati Raj Institutions -- village, block and district.
- May 07, 2021 01:50 PM IST
The ministry says it expects a 'muted' economic impact when compared to the wave. Learning to 'operate with COVID-19' provides a silver lining of economic resilience, it said in its April report.
- May 06, 2021 06:46 PM IST
Scarce and overpriced medical supplies, non-availability of oxygen and exorbitantly priced ambulances to take those seriously ill or dying to far flung corners of the national capital; these are some of the outstanding features that constitute life in the metro today
- May 05, 2021 02:33 PM IST
The Centre expects the total outgo of food grains to be approximately 80 lakh metric ton.
- May 05, 2021 10:54 AM IST
RBI Governor Shaktikanta Das said that under the scheme, banks can support entities like vaccine manufacturers, medical facilities, hospitals and patients.