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  • Need coordinated action between centre, states on tax reduction in fuel prices: Shaktikanta Das Feb 25, 2021 04:13 PM IST

    Need coordinated action between centre, states on tax reduction in fuel prices: Shaktikanta Das

    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.

  • Govt continuously working to improve ease of doing business in pharma sector: Minister Feb 25, 2021 03:01 PM IST

    Govt continuously working to improve ease of doing business in pharma sector: Minister

    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.

  • XLRI-Xavier School of Management completes final placements; average salaries rise Feb 25, 2021 02:59 PM IST

    XLRI-Xavier School of Management completes final placements; average salaries rise

    Average salary increased to Rs 25.08 lakh per annum this year from Rs 24.3 lakh per annum in 2020.

  • India GDP: Moody's projects 13.7% growth in FY'22, expects 7% contraction this fiscal Feb 25, 2021 01:51 PM IST

    India GDP: Moody's projects 13.7% growth in FY'22, expects 7% contraction this fiscal

    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.

  • Explained | How PLI for laptops, computers will boost Make in India Feb 25, 2021 01:43 PM IST

    Explained | How PLI for laptops, computers will boost Make in India

    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

  • I am sure global pharma industry will support India's WTO proposal of IP waiver for COVID-19: Piyush Goyal Feb 25, 2021 12:47 PM IST

    I am sure global pharma industry will support India's WTO proposal of IP waiver for COVID-19: Piyush Goyal

    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.

  • Q3 GDP to register marginal growth after record falls in first half of FY21, economists say Feb 25, 2021 12:33 PM IST

    Q3 GDP to register marginal growth after record falls in first half of FY21, economists say

    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.

  • Will continue to support economic recovery by ensuring ample liquidity, says RBI Governor Shaktikanta Das Feb 25, 2021 12:30 PM IST

    Will continue to support economic recovery by ensuring ample liquidity, says RBI Governor Shaktikanta Das

    Central banks used conventional and unconventional measures to combat impact of COVID-19 pandemic, said the RBI Governor

  • Nitin Gadkari urges auto component manufacturers to increase localisation to 100% Feb 25, 2021 12:28 PM IST

    Nitin Gadkari urges auto component manufacturers to increase localisation to 100%

    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".

  • India expected to harvest record wheat, rice crops this year Feb 25, 2021 08:18 AM IST

    India expected to harvest record wheat, rice crops this year

    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.

  • Economic growth projections of India, China give hope to South African economy: South Africa FM Feb 25, 2021 07:48 AM IST

    Economic growth projections of India, China give hope to South African economy: South Africa FM

    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".

  • Axis Bank CEO Amitabh Chaudhry on slippages from loans under moratorium, NPA crisis and more Feb 24, 2021 07:38 PM IST

    Axis Bank CEO Amitabh Chaudhry on slippages from loans under moratorium, NPA crisis and more

    '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

  • India's foodgrain output to rise 2% in 2020-21 to record 303.34 million tonnes: Govt Feb 24, 2021 07:36 PM IST

    India's foodgrain output to rise 2% in 2020-21 to record 303.34 million tonnes: Govt

    Agriculture Minister Narendra Singh Tomar attributed the rise in production to efforts of the farmers and scientists as well initiatives of the central government.

  • Can private investments spur the growth cycle? Axis Bank CEO Amitabh Chaudhry answers Feb 24, 2021 07:02 PM IST

    Can private investments spur the growth cycle? Axis Bank CEO Amitabh Chaudhry answers

    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

  • Aditya Birla Health launches initiative of up to 100% premium return, mental health counselling coverage Feb 24, 2021 06:00 PM IST

    Aditya Birla Health launches initiative of up to 100% premium return, mental health counselling coverage

    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.

  • I-T refunds worth over Rs 1.95 lakh crore issued so far this fiscal Feb 24, 2021 05:44 PM IST

    I-T refunds worth over Rs 1.95 lakh crore issued so far this fiscal

    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.

  • Bajaj Allianz Life Insurance launches pension plan with deferred annuity option Feb 24, 2021 05:09 PM IST

    Bajaj Allianz Life Insurance launches pension plan with deferred annuity option

    The insurer said in a statement that it is the only life insurance plan that offers a regular premium deferred annuity option.

  • Exclusive | PSB-merged banks may get time till FY22 end to cut stake in insurance JVs Feb 24, 2021 02:17 PM IST

    Exclusive | PSB-merged banks may get time till FY22 end to cut stake in insurance JVs

    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.

  • RBI Governor Shaktikanta Das: ‘Major concerns’ about cryptocurrencies, bitcoin alternative in the works Feb 24, 2021 01:48 PM IST

    RBI Governor Shaktikanta Das: ‘Major concerns’ about cryptocurrencies, bitcoin alternative in the works

    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.

  • Fuel prices: Petrol, diesel prices remain unchanged in Delhi, Mumbai Feb 24, 2021 09:21 AM IST

    Fuel prices: Petrol, diesel prices remain unchanged in Delhi, Mumbai

    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.

  • Coronavirus News Highlights: Dharavi reports double-digit COVID-19 case count after 37 days Feb 24, 2021 07:18 AM IST

    Coronavirus News Highlights: Dharavi reports double-digit COVID-19 case count after 37 days

    Coronavirus News Highlights: More than 1.19 crore people have been given the COVID-19 vaccine in India so far.

  • Fed's Powell: US economic recovery is uneven and incomplete Feb 23, 2021 09:06 PM IST

    Fed's Powell: US economic recovery is uneven and incomplete

    Powell's comments are in contrast to the increasing optimism among many analysts that the economy will grow rapidly later this year.

  • Government to shortly announce RoDTEP rates to boost exports: Amitabh Kant of Niti Aayog Feb 23, 2021 08:51 PM IST

    Government to shortly announce RoDTEP rates to boost exports: Amitabh Kant of Niti Aayog

    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.

  • India's GDP may turn positive at 1.3% in December quarter: Report Feb 23, 2021 05:24 PM IST

    India's GDP may turn positive at 1.3% in December quarter: Report

    India posted de-growth of 24 percent and 7.5 percent in GDP in first and second quarters ended June and September 2020, respectively.

  • Govt starts probe to review continuation of anti-dumping duty on some steel items from China Feb 23, 2021 04:42 PM IST

    Govt starts probe to review continuation of anti-dumping duty on some steel items from China

    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.

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