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.
- April 29, 2021 06:16 PM IST
Somanathan, Economic Affairs Secretary Ajay Seth, DFS Secretary Debashish Panda and DIPAM Secretary Tuhin Kanta Pandey are all from the 1987 batch of the Indian Administrative Service. But Somanathan had a higher rank in his batch, when he stood second in the All India exams. This is a deciding factor between officers of the same batch.
- April 29, 2021 02:20 PM IST
A massive logistics operation is underway at Delhi, Mumbai and other airports to quickly facilitate the large amount of incoming bilateral aid from all over the world. Sources say more assistance is expected to be announced by other nations over the next few days.
- April 27, 2021 03:43 PM IST
Customs authorities are running the extra mile to quickly clear emergency medical equipment to help stressed hospitals that are running out of oxygen supply. Clearance is much faster now, even though many importers say customs procedures remain very cumbersome.
- April 27, 2021 01:10 PM IST
As a deadly second wave of COVID-19 continues, Nepal has also requested ventilators, oxygen cylinders and medical supplies from India. Though Nepal has approved a Chinese vaccine, it is not recognised by the WHO and there are concerns over its safety and efficacy.
- April 25, 2021 06:46 PM IST
Former CEA Arvind Subramanian said that centre should bear entire cost of vaccine procurement by state. Other economists partly agree and say that part of the Rs 35,000 crore vaccination budget should be shared with states
- April 23, 2021 03:27 PM IST
Industry tells government that more handholding is required to clear tax related confusion on the ground. Also calls for tax compliance deadline to be extended.
- April 20, 2021 05:54 PM IST
Official figures show that in just the first three quarters of 2020-21, 9294 MT of oxygen was exported from the country, more than double the 4502 MT exports in the previous year. The vast majority of Oxygen headed to neighboring nation Bangladesh.
- April 16, 2021 04:17 PM IST
The difference of opinion has especially widened on whether the dire situation at hand requires the government to provide direct funding to the largest vaccine maker in the world.
- April 15, 2021 07:15 PM IST
Taking into account March figures, India's cumulative exports in 2020-21 are now expected to be $290.63 billion, down from $314 billion in the previous financial year.
- April 15, 2021 12:41 PM IST
Fuel inflation jumped by 10.2 percent jump in March, after rising just 0.6 percent in February. Further pushed up by a 7.3 percent rise in manufacturing prices and a continuing uptick in food prices, wholesale inflation reached near-record levels in March.
- April 13, 2021 12:18 PM IST
Out of the total provisional indirect tax collections, custom duty collections came in at Rs 1.32 lakh crore, excise and service tax collections came at Rs 3.91 lakh crore, while the net GST collection for the centre stood at Rs 5.48 lakh crore.
- April 12, 2021 05:36 PM IST
The combined food price inflation rose to 4.94 percent in March, as compared to 3.87 percent in February.
- April 07, 2021 08:55 PM IST
The feeling in the government is that Yellen’s statement stems from the United States’ ‘one-shot’ approach to providing stimulus in face of the Covid-19 pandemic, which is opposed to India’s response, which has been more deliberate and has focused on the credit and fiscal side of things.
- April 07, 2021 03:13 PM IST
The RBI has now kept the repo rate unchanged for the fifth consecutive meeting of its monetary policy committee. But exporters complain that they still cannot access loans at cheap rates. Moreover, industry insiders say the second wave of the Covid-19 pandemic has in effect dried up all chances of getting financial help from banks at a time when their working capital is dangerously low
- April 07, 2021 12:03 PM IST
While domestic business continued to rise for service providers, export orders remained contractionary for the 13th straight month in March. Job losses also continued in the sector.
- 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 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.