Jul 02, 2021 06:30 PM IST
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.
- Jun 02, 2021 05:42 PM IST
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
- Jun 02, 2021 02:44 PM IST
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.
- May 31, 2021 10:14 PM IST
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.
- May 31, 2021 06:21 PM IST
The sector had reported a massive contraction of 47.6 percent in the first quarter. I
- 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.
- Mar 31, 2021 03:16 PM IST
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
- Mar 24, 2021 01:19 PM IST
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.
- Mar 15, 2021 05:29 PM IST
The state governments may need to utilise as much as 70-90 percent of their enhanced borrowing limits for FY2022 to meet the shortfall.
- Mar 15, 2021 10:00 AM IST
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.
- Mar 01, 2021 04:09 PM IST
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.
- Mar 01, 2021 02:24 PM IST
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.
- Jan 28, 2021 01:28 PM IST
Budget 2020 was presented before the countrywide lockdown was imposed in response to the pandemic.
- Nov 01, 2020 11:35 AM IST
During the 2019-20 financial year, DLF's sales booking stood at Rs 2,485 crore.
- Jun 05, 2020 12:35 PM IST
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".
- May 22, 2020 12:50 PM IST
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.
- May 22, 2020 09:45 AM IST
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.
- May 18, 2020 12:53 PM IST
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.
- Apr 27, 2020 03:02 PM IST
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.
- Apr 13, 2020 07:45 AM IST
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.
- Mar 30, 2020 02:43 PM IST
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.
- Mar 19, 2020 08:10 AM IST
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.
- Mar 18, 2020 10:52 AM IST
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.
- Mar 13, 2020 08:29 AM IST
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.
- Jan 16, 2020 01:30 PM IST
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.