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 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 09:45 AM IST
Dr Reddy's Laboratories, the custodian of the Sputnik V vaccine in India, has already announced the arrival of 1.5 lakh doses as first consignment of the 250 million doses it plans to import from Russia; Pfizer is reportedly negotiating an expedited approval pathway for the use of its vaccine in India
- May 04, 2021 07:28 PM IST
Many states, including Delhi, Punjab and Chhattisgarh, want GST to be exempted temporarily on devices such as ventilators, concentrators, and life-saving drugs like Remdesivir.
- May 03, 2021 08:06 PM IST
While drugs like Remdesivir, Tocilizumab, Favipiravir and others are exempt from customs duties as well as IGST, there is still no clarity on the GST they would attract when manufactured in India.
- May 03, 2021 07:20 PM IST
In the recent state elections, the BJP's tally in West Bengal has been restricted to 77 out of the total 293 seats. It also failed to win a seat in Kerala and had a worse- than-earlier result in Assam, winning 60 seats. But the party won a series of by-elections in seats across Karnataka, Gujarat, Madhya Pradesh, and Maharashtra. along with four seats in Tamil Nadu.
- April 30, 2021 05:40 PM IST
In January, the United Nations Conference on Trade and Development had said that India's FDI inflows had jumped 13 percent to $57 billion in calendar year 2020, mostly boosted by investment in digital economy and start-ups.
- April 30, 2021 05:26 PM IST
However, after posting contraction in as many as eight months of FY21, the cumulative output of the core sector industries fell by 7 percent in the previous financial year.
- April 30, 2021 05:13 PM IST
The council noted that India could successfully produce two vaccines and there are many candidates at the various stages of approval and induction. More than 16 crore vaccinations have been done as on date.
- April 30, 2021 04:38 PM IST
The loans include Rs 5,000 crore to incentivise states to monetise their assets and divest their PSUs.
- April 30, 2021 01:44 PM IST
The crisis began in late 2020 due to a sharp mismatch in import and export volumes, port congestion across the Asia Pacific region due to Covid-19, and restrictions on trade
- April 30, 2021 08:51 AM IST
The developed economies have not involved the private sector in their vaccination programmes
- April 29, 2021 11:02 PM IST
The IMC Chamber of Commerce and Industry is organizing the 2-day Indo-US Partnership Vision Summit 2021 with participation from industry and government of both countries.