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 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 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 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 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 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.