April 06, 2021 09:48 PM IST
While data points like GST, housing and vehicle sales indicate that the economy is still on a strong path to recovery, industrial production and manufacturing sentiment numbers show that there is still a cause of concern. As COVID numbers spike again, Moneycontrol takes a look at some key high-frequency data.
- April 06, 2021 02:35 PM IST
Ajai Seth’s appointment as economic affairs secretary raises questions as to who will be designated as the finance secretary. Seth, Expenditure Secretary TV Somanathan and DIPAM Secretary Tuhin Kanta Pandey are all from the 1987 batch.
- April 05, 2021 04:17 PM IST
Computer software & hardware sectors remained the top sector drawing in the most FDI. More than 45 percent of total FDI flowed into the sector in the first 10-months of FY21, followed by construction and services.
- April 05, 2021 02:50 PM IST
"As the vaccination drive continuously upscales in India and guided by the learnings of India’s successful management of pandemic during its first wave, India is now well armed to combat any downside risk posed by the recent surge in COVID-19 cases," the Department of Economic Affairs said in its economic report for March.
- April 01, 2021 07:20 PM IST
Whose oversight was it anyway? What is the process followed by government departments in clearing crucial decisions?
- April 01, 2021 08:38 AM IST
Why on earth are we ranked below Libya, Iraq, Niger, Venezuela, Burkina Faso or Chad?
- March 31, 2021 07:38 PM IST
In the current fiscal, as the pandemic impacted trade, the current account had been in surplus in the previous two quarters, at $15.1 billion and USD 19 billion, respectively, as per the data on balance of payments released by the RBI on Wednesday.
- March 31, 2021 05:57 PM IST
For the current financial year (2020-21), the gross borrowing estimate was revised to Rs 12.8 lakh crore as against the Budget estimate of Rs 7.8 lakh crore. However, Economic Affairs Secretary Tarun Bajaj said the Centre has borrowed a record gross Rs 13.70 lakh crore in 2020-21, while net borrowing was Rs 11.43 lakh crore.
- March 31, 2021 05:25 PM IST
After posting contraction in 8 of the first 11-months of the year, the cumulative core sector output in the April-February period of FY21 fell to -8.3 percent.
- March 26, 2021 10:36 PM IST
In 2013, as the world was coming out of a global financial crisis, the United States Federal Reserve said it would gradually reduce quantitative easing instituted after the Lehman Brothers bankruptcy in 2008. This would involve slowing the purchase of treasury bonds and hence reducing the money being pumped into the US economy.
- March 24, 2021 02:01 PM IST
Under the proposal, India would build a $1-billion railway project in the western side of Kuala Lumpur. India is seeing whether Malaysia can pay 70% of the cost in palm oil. This is not the first such deal between the two nations.
- March 23, 2021 08:55 PM IST
Though any decision on a possible merger will be taken by the boards of IIFCL and yet-to-be-formed NBFID, this indicates that the central government would be keen on such an amalgamation.
- March 23, 2021 08:25 PM IST
Replying to the Finance Bill debate, Nirmala Sitharaman said that the central government is ready to start discussions on bringing petrol and diesel under Goods and Service Tax if the states are on-board for talks as well.
- March 23, 2021 07:18 PM IST
In the previous financial year of 2019-20, services exports had risen by 4 percent while merchandise exports had shrunk by 4.7 percent.
- March 22, 2021 04:06 PM IST
The National Bank for Financing Infrastructure and Development (NBFID) Bill says the aim of the institution will be to support the development of long-term non-recourse infrastructure financing in India.
- March 19, 2021 03:47 PM IST
Officials say the 1.7 crore doses of vaccines from India have done in just three months, what billions of dollars in development finance deployed by China across the African continent over the past decade, haven't been able to. Gain Africa's trust.
- March 19, 2021 08:21 AM IST
For the government's courage to pay off, lessons need to be learnt from the failure of earlier DFIs
- March 17, 2021 09:25 PM IST
The government has lined up more meetings on the issue of FDI in e-commerce and whether e-marketplaces are bending the rules. On March 19, the DPIIT will meet with industry bodies FICCI, CII and Assocham, while on March 25, it will sit down with e-marketplaces like Flipkart and Amazon India.
- March 17, 2021 06:24 PM IST
In the notification, the Finance Ministry said that investments by privately managed PFs and others will only be allowed in AIFs with a corpus of at least Rs 100 crore.
- March 17, 2021 03:49 PM IST
The first ever portal of its kind allows exporters to make public requests for shipping containers which can be taken up by shipping lines and freight forwarders. As a result, it is expected to paint a clearer picture of where containers are needed the most and which exports are caught up.
- March 17, 2021 03:11 PM IST
It will focus on short-term targets and specific strategies to boost the outbound shipment of certain products in the near term. Right now, India’s share of exports continues to remain high in goods which are less traded and low in goods that are traded more in the world.
- March 16, 2021 03:42 PM IST
The DFI is part of the government’s push to create jobs and boost demand through a nationwide infrastructure push. The plan also includes a capital expenditure target of Rs 5.54 lakh crore for 2021-22, compared with a revised estimate of Rs 4.39 lakh crore for 2020-21.
- March 16, 2021 02:05 PM IST
It is learnt that the RBI and the finance ministry are on the same page regarding keeping the targets unchanged. In fact, in late February, the RBI said in a report that it favours keeping the current inflation targeting regime unchanged, saying it has been effective in containing price-growth.
- March 15, 2021 09:18 PM IST
At a time when all countries are scrambling to corner that open market, India needs to act quickly, Arvind Subramanian said.
- March 15, 2021 06:20 PM IST
Imports continued to rise at a faster pace in February. As a result, the trade deficit also spiked by 24 percent to $12.6 billion.