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Feb 25, 2021 04:13 PM IST He, however, said both the centre and the state governments have their revenue pressures and they are required to spend high sums of money to enable the country and the people to come out of the COVID-19 pandemic stress.
Feb 25, 2021 03:01 PM IST Addressing the inaugural session of ''The India Pharma 2021 & India Medical Device 2021'' event here, the minister also emphasised that the domestic pharma industry has the capability to achieve the target of USD 130 billion turnover by 2030.
Feb 25, 2021 02:59 PM IST Average salary increased to Rs 25.08 lakh per annum this year from Rs 24.3 lakh per annum in 2020.
Feb 25, 2021 01:51 PM IST For current fiscal, the US-based rating agency expects the economy to contract 7 percent, lower than its previous estimate of 10.6 percent contraction.
Feb 25, 2021 01:43 PM IST Currently, laptops and tablets worth about Rs 34,000 crore are purchased in India every year. Of these, four out of five are imported — mostly from markets such as China, Taiwan, Singapore, Malaysia and the United States. Getting these devices manufactured in India will reduce the massive import bill and enable India to become an exporter instead. Building semiconductor fabs will be critical to that dream becoming a reality
Feb 25, 2021 12:47 PM IST In October 2020, India and South Africa submitted a proposal suggesting a waiver for all WTO (World Trade Organisation) members on the implementation, application and enforcement of certain provisions of the TRIPS Agreement in relation to the prevention, containment or treatment of COVID-19.
Feb 25, 2021 12:33 PM IST While the economy has shrunk by as much as 15.7 per cent in the first half (April-September) period, it needs to register atleast a slight growth to cushion the ongoing contraction and stick to the government's first advance estimate of an overall 7.7 per cent GDP fall for 2020-21, economist and analysts stressed.
Feb 25, 2021 12:30 PM IST Central banks used conventional and unconventional measures to combat impact of COVID-19 pandemic, said the RBI Governor
Feb 25, 2021 12:28 PM IST Speaking at an event organised by the Automotive Components Manufacturers Association of India (ACMA), the Minister of Road Transport and Highways said the present levels of localisation of parts in the Indian auto sector is around 70 percent and "at any cost we need to stop imports of auto components".
Feb 25, 2021 08:18 AM IST Rice output is estimated to rise by 1.2% to 120.32 million tonnes. India is the world’s biggest rice exporter and second biggest producer.
Feb 25, 2021 07:48 AM IST Delivering his budget speech in Parliament on Wednesday amid an economy ravaged by COVID-19 and the associated lockdowns, Mbowani said the damage caused by the pandemic runs deep, but "we are not without hope".
Feb 24, 2021 07:38 PM IST 'We haven't reached the last page of the book' as the NPA crisis may have worsened, Axis Bank CEO Amitabh Chaudhry tells Neha Bothra in an interview. Stay tuned to find out more
Feb 24, 2021 07:36 PM IST Agriculture Minister Narendra Singh Tomar attributed the rise in production to efforts of the farmers and scientists as well initiatives of the central government.
Feb 24, 2021 07:02 PM IST ECONOMIC RECOVERY: K,L,U,V,W: Has the economy turned the corner? Is there a meaningful uptick in private investments to spur the growth cycle? Axis Bank CEO Amitabh Chaudhry talks to Neha Bothra in an interview. What's his outlook? Stay tuned for the full interview at Moneycontrol
Feb 24, 2021 06:00 PM IST The Activ Health policy offers up to 100 percent premium returns and up to 100 percent reload of sum insured. Here, the consumer is offered a cash equivalent which can be used for health expenses or payment of future premiums.
Feb 24, 2021 05:44 PM IST Of this, personal income tax refunds of Rs 69,653 crore have been issued to over 1.90 crore taxpayers and corporate tax refunds of Rs 1.26 lakh crore have been issued in 2.17 lakh cases.
Feb 24, 2021 05:09 PM IST The insurer said in a statement that it is the only life insurance plan that offers a regular premium deferred annuity option.
Feb 24, 2021 02:17 PM IST Considering that stake sale by merged banks in their insurance joint ventures could be lengthy, they are being given additional time. One entity cannot be a promoter of multiple insurance companies in life and non-life categories.
Feb 24, 2021 01:48 PM IST The central bank will not put the breaks on liquidity and it has several "known and unknown" tools to ensure ample liquidity is available, said RBI governor Shaktikanta Das.
Feb 24, 2021 09:21 AM IST Fuel prices have crossed the Rs 100-mark in towns such as Rajasthan’s Sri Ganganagar where petrol was priced at Rs 101.59 per litre. The cost of petrol in Anuppur, Madhya Pradesh stood at Rs 101.34 per litre.
Feb 24, 2021 07:18 AM IST Coronavirus News Highlights: More than 1.19 crore people have been given the COVID-19 vaccine in India so far.
Feb 23, 2021 09:06 PM IST Powell's comments are in contrast to the increasing optimism among many analysts that the economy will grow rapidly later this year.
Feb 23, 2021 08:51 PM IST Remission of Duties and Taxes on Exported Products (RoDTEP), which became applicable with effect from January 1, 2021, was formed to replace the existing Merchandise Exports from India Scheme (MEIS). Under the MEIS regime, the government provided duty benefits at different rates depending on product and country.
Feb 23, 2021 05:24 PM IST India posted de-growth of 24 percent and 7.5 percent in GDP in first and second quarters ended June and September 2020, respectively.
Feb 23, 2021 04:42 PM IST ISMT Ltd and Jindal Saw Ltd have filed an application before the Directorate General of Trade Remedies (DGTR) for sunset review of anti-dumping duty imposed on imports of 'seamless tubes, pipes and hollow profiles of iron, alloy or non-alloy steel from China.
