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  • Government won't change FDI rules for e-commerce, says Commerce Minister Piyush Goyal Jul 02, 2021 06:30 PM IST

    Government won't change FDI rules for e-commerce, says Commerce Minister Piyush Goyal

    The minister has said the RoDTEP rates involving 11,000 export items will soon be announced. The government is also keen on launching its national single window portal for industry clearances and approvals.

  • EPFO wage subsidy scheme boosts job creation, provident fund enrolment in FY21 Jun 02, 2021 05:42 PM IST

    EPFO wage subsidy scheme boosts job creation, provident fund enrolment in FY21

    Unlocking of the economy was the key driver of job creation, but experts say that the wage subsidy scheme definitely made a contribution by encouraging establishments to hire more people

  • India's exports rise 67% in May on low base effect, imports surge by 68.5% Jun 02, 2021 02:44 PM IST

    India's exports rise 67% in May on low base effect, imports surge by 68.5%

    The headline numbers jumped high due to a severely low base as trade had crashed during May, 2020 when the COVID-induced lockdown was in full swing. But citing a nearly 8 percent growth after comparing with May, 2019, the government has expressed confidence that exports are well on their way towards recovery.

  • India GDP data | A look at the sectors that aided growth and those that dented it May 31, 2021 10:14 PM IST

    India GDP data | A look at the sectors that aided growth and those that dented it

    India's economy recorded a growth of 1.6 percent in the fourth quarter indicating that the economy was in a revival mode before the second wave of the COVID struck the country.

  • India GDP data | Trade, hotel and transport slump 18.2% for full year, contract 2.3% in Q4FY21 May 31, 2021 06:21 PM IST

    India GDP data | Trade, hotel and transport slump 18.2% for full year, contract 2.3% in Q4FY21

    The sector had reported a massive contraction of 47.6 percent in the first quarter. I

  • March IIP expands 22.4% over low base, recovery in manufacturing May 12, 2021 05:47 PM IST

    March IIP expands 22.4% over low base, recovery in manufacturing

    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.

  • MSME Sambandh: Government surpasses procurement target in FY21; five ministries beat the 25 percent target for financial year Mar 31, 2021 03:16 PM IST

    MSME Sambandh: Government surpasses procurement target in FY21; five ministries beat the 25 percent target for financial year

    Despite bettering the objective, the annual acquisition from SC/ST and women entrepreneurs, earmarked at 4 percent and 3 percent respectively, has continued to miss the target for the third consecutive financial year

  • GSDP numbers might undergo revision: SBI group chief economic advisor Mar 24, 2021 01:19 PM IST

    GSDP numbers might undergo revision: SBI group chief economic advisor

    Report by Soumya Kanti Ghosh says GDP figures of states might see a 7 percent reduction, if the numbers follow the MOSPI estimates for overall GDP. The report found a significant gap between the estimates and revised estimates for FY21 given by some states.

  • GST compensation required by state govts for FY22 to touch Rs 2 trillion: ICRA Mar 15, 2021 05:29 PM IST

    GST compensation required by state govts for FY22 to touch Rs 2 trillion: ICRA

    The state governments may need to utilise as much as 70-90 percent of their enhanced borrowing limits for FY2022 to meet the shortfall.

  • FY21 multibaggers: More than 200 stocks in BSE500 index rose over 100% Mar 15, 2021 10:00 AM IST

    FY21 multibaggers: More than 200 stocks in BSE500 index rose over 100%

    With the opening up of the economy, investors are looking for new ideas and the success of recent IPOs clearly indicates an the appetite for mid and smallcap stocks, say experts.

  • Exports share of GDP reached its lowest in Q3 as sector waits for manufacturing to fully fire up Mar 01, 2021 04:09 PM IST

    Exports share of GDP reached its lowest in Q3 as sector waits for manufacturing to fully fire up

    Analysts and exporters say chances of exports' share of the economy improving in the upcoming fourth quarter remain slim, given the slow recovery in manufacturing, and the liquidity crunch being faced by many exporters in the current quarter.

  • Slower-than-expected recovery may push down Q4 GDP growth, depress FY21 estimates: Economists Mar 01, 2021 02:24 PM IST

    Slower-than-expected recovery may push down Q4 GDP growth, depress FY21 estimates: Economists

    Despite GDP growing in the third quarter, the government now predicts the economy will shrink by a slightly larger margin of 8 percent in FY21, up from the earlier estimate of 7.7 percent. Economists say that this contrasting position in official statements springs from the fact that growth in key sectors are muted and COVID-19-related uncertainties remain strong.

  • Fiscal deficit to decline to 6.2% of GDP in FY22 from 7.0% in FY21: India Ratings Jan 28, 2021 01:28 PM IST

    Fiscal deficit to decline to 6.2% of GDP in FY22 from 7.0% in FY21: India Ratings

    Budget 2020 was presented before the countrywide lockdown was imposed in response to the pandemic.

  • DLF aims Rs 2,500 crore sales booking in FY21 despite COVID-19 Nov 01, 2020 11:35 AM IST

    DLF aims Rs 2,500 crore sales booking in FY21 despite COVID-19

    During the 2019-20 financial year, DLF's sales booking stood at Rs 2,485 crore.

  • UltraTech Cement restricts FY21 capex to Rs 1,000 crore amid COVID-19 disruptions Jun 05, 2020 12:35 PM IST

    UltraTech Cement restricts FY21 capex to Rs 1,000 crore amid COVID-19 disruptions

    In a regulatory filing, the Aditya Birla Group firm said the capital and financial resources of the company remain entirely protected in spite of the adverse impact on its sales during the first two phases of the lockdown and the liquidity position remains "adequately covered".

  • Indian economy to contract first time in more than 4 decades: Moody's May 22, 2020 12:50 PM IST

    Indian economy to contract first time in more than 4 decades: Moody's

    Indian economy already was growing at its slowest pace in six years even before the coronavirus outbreak and the announcement of government stimulus measures falling short of expectations, the disruptions may be more.

  • CPCL to raise Rs 1,000 crore through bonds issue in FY21 May 22, 2020 09:45 AM IST

    CPCL to raise Rs 1,000 crore through bonds issue in FY21

    The board of directors of Chennai Petroleum Corp Ltd (CPCL) have approved raising "funds through domestic bonds up to Rs 1,000 crore during the FY 2020-21 through private placement, towards balancing the short term/long term (borrowing) mix," the firm said in a regulatory filing.

  • Govt's stimulus package won't stop GDP from contracting in FY21: Analysts May 18, 2020 12:53 PM IST

    Govt's stimulus package won't stop GDP from contracting in FY21: Analysts

    The analysts at Bank of America (BofA) and Nomura maintained their earlier GDP estimates suggesting a contraction of 0.1 per cent and 5 per cent, respectively, for FY21 even after the announcement of the Rs 20 lakh crore economic package.

  • RBI governor Shaktikanta Das says 'very challenging' to meet FY21 fiscal deficit target Apr 27, 2020 03:02 PM IST

    RBI governor Shaktikanta Das says 'very challenging' to meet FY21 fiscal deficit target

    India has spent more than a month in a nationwide lockdown, with its industries shut, to stem the coronavirus pandemic that has caused 26,496 infections and 824 deaths, among 2.97 million cases worldwide.

  • World Bank sees FY21 India growth at 1.5-2.85% - slowest since economic reforms three decades back Apr 13, 2020 07:45 AM IST

    World Bank sees FY21 India growth at 1.5-2.85% - slowest since economic reforms three decades back

    India's economy is expected to grow 1.5 percent to 2.8 percent in the 2020-21 fiscal which started on April 1, the World Bank said in its South Asia Economic Focus report.

  • Fitch Solutions cuts India GDP growth forecast to 4.6% for FY21 Mar 30, 2020 02:43 PM IST

    Fitch Solutions cuts India GDP growth forecast to 4.6% for FY21

    The growth estimate for 2020-21 fiscal (April 2020 to March 2021) compares with a 4.9 per cent forecast in the current 2019-20 that ends on Tuesday.

  • Lok Sabha approves Budget of over Rs 1 lakh cr for J&K for FY21 Mar 19, 2020 08:10 AM IST

    Lok Sabha approves Budget of over Rs 1 lakh cr for J&K for FY21

    Since the bifurcation (October 31), as many as 45 lakh beneficiaries have got Rs 1,705 crore disbursed through direct benefit transfers to their accounts directly during this financial year, Finance Minister Nirmala Sitharaman said in reply to the debate on Budget for Jammu and Kashmir and Ladakh.

  • RBI may cut key interest rates by 175 bps in FY21: Fitch Solutions Mar 18, 2020 10:52 AM IST

    RBI may cut key interest rates by 175 bps in FY21: Fitch Solutions

    This would take the policy repurchase (repo) rate to 3.40 percent and 3.00 percent, respectively, from 5.15 percent and 4.75 percent at present.

  • UBS cuts India GDP growth forecast to 5.1% for FY21 Mar 13, 2020 08:29 AM IST

    UBS cuts India GDP growth forecast to 5.1% for FY21

    The GDP growth is set to slip to a decadal low of 5 percent for FY20 as per official estimates and hopes of a revival are being pinned on the next fiscal.

  • Exim Bank to raise up to $3 bn from overseas borrowings in FY21 Jan 16, 2020 01:30 PM IST

    Exim Bank to raise up to $3 bn from overseas borrowings in FY21

    The bank has raised USD 1.7 billion (about Rs 11,900 crore) of overseas borrowing through bond issuances and foreign loans in current financial year.

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