Page 39 - Indivjal Dhasmana/ Pti

FM Sitharaman explains govt priorities in post-Budget address to RBI

The meeting on Tuesday was chaired by RBI Governor Shaktikanta Das through video conferencing

States' fiscal deficit to narrow to 4.3% of GDP in FY22: Ind-Ra

The agency's earlier forecast for FY21 was 4.5 per cent. The revision was made due to a sharper-than-expected contraction of 6.1 per cent in the nominal GDP

Companies accuse anti-profiteering body of launching baseless probes

They say NAA is not following due process of law, harassing them with investigations even when there is no cut in GST rates or increase in input tax credit; Delhi HC posts matter for March 4

WPI inflation up 2.03% on factory goods and fuel, room for rate cut shrinks

WPI shows divergent trend from CPI counterpart, which fell to a 16-month low of 4.06%

Experts unsure if new AAR for direct taxes will resolve disputes faster

Experts also believe that at least pendency of cases would come down, though only time will tell about quality of orders

Industrial output recovers by a small 1%, retail inflation at 16-month low

Experts say MPC may continue with accommodative stance in next nine months

Focus on capex does not make Budget inflationary: Expenditure Secretary

We expect the cost of the vaccination to be Rs 700 per person. This includes the price of two shots at Rs 200-250 each, says Somanathan

Budget not just about raising, lowering tax: Finance secretary A B Pandey

The Budget should not be seen only as an exercise where you increase or decrease taxes, but also where you provide stability of rates, says Pandey

Finance Commission keeps tax devolution for states at 41% in FY22

With grants, the transfer is roughly 50-50 of divisible tax pool between Centre, states; N K Singh says Commission worked without any bias

Going easy on loans: FM brings transparency in off-budget borrowings

Does away with loans from National Small Savings Fund to Food Corporation of India

Govt takes capital expenditure route to spur growth in Budget 2021

At 15.9%, capex share in total spend for FY22 will be the highest in over a decade

Hit hard by Covid-19 lockdown, economy on firm path of fragile recovery

Though the first case of Covid was detected at the end of January last year, the impact on the economy began to be felt towards the end of March, when the first nationwide lockdown was announced

Highest since independence: Economic Survey pegs GDP growth at 11% in FY22

This translates into real GDP growing only 2.4% over the absolute level of 2019-20

Budget to be seen as part of mini budgets of 2020, says PM Narendra Modi

Sitharaman is scheduled to present the Budget in the Lok Sabha on Monday

Reality check on economic surveys: A case of hits and misses on GDP numbers

Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark

Atmanirbhar campaign in sync with globalisation, PM tells MNC heads

Says India to soon supply two vaccines to the world, many more will come, going forward

After R-Day violence, farmers call off march to Parliament on February 1

Police book Tikait, many other farmer leaders

IMF revises India growth forecast, sees GDP shrinking at sharper 8% in FY21

Expects economy to grow 11.5% next year, which could slightly correct govt's fiscal mathematics

Direct tax compliance set to be made easier in upcoming Budget

Budget may resolve issues related to administration

Budget 2021 may show Centre's fiscal deficit at 5.5% of GDP for FY22

The significant shortfall in receipts is likely to lead to the doubling of fiscal deficit to an estimated 6.9 per cent of GDP in FY21