Page 53 - Indivjal Dhasmana/ Pti

India to grow at 1.9% in FY21, recover to 7.4% path in 2021-22: IMF

The country will still be the fastest growing large economy this financial year, but it will lose that tag next year to China, says the agency.

ICRA pegs GDP contraction at 10-15% in Q1 amid lockdown extension

Earlier, ICRA had expected GDP to fall by 4.5 per cent in the first quarter when lockdown was for 21 days till April 14.

World Bank sees India's GDP growth at 1.5-2.8%, lowest since 1991 crisis

Warns social distancing to be a challenge among migrant workers, slum dwellers

You get 3 more months to deposit money in PPF, Sukanya Samriddhi Yojana

The deadline to make deposits in PPF and Sukanya Samriddhi Yojana for the financial year 2019-20 (FY20) has been extended till June 30 this year

Industry wants phased exit from lockdown, up to Rs 23 trillion package

While Assocham demanded Rs 15 trillion-23 trillion package, Ficci called for Rs 9-10 trillion

Little option for govt other than amending FRBM Act to widen fiscal deficit

It has already exhausted the escape clause, which allows for a maximum deviation of 0.5% from consolidation road map

Coronavirus impact: MPs to take cuts in constituency and office allowance

Instead of Rs 70,000 a month constituency allowance they will get Rs 49,000 from April 1 this year, according to notifications issued by the Lok Sabha and Rajya Sabha secretariats.

PM, President and MPs take 30% pay cut to help combat coronavirus

Suspension of MPLAD funds for two years to save Rs 7,900 crore

CCEA approves Rs 1,340-cr recapitalisation for weak regional rural banks

This is, in a way, an extension of the recapitalisation plan that was to end this financial year (April 2019 to March 2020, of FY20)

UPA economy doctors' prescription to tide over coronavirus crisis

C Rangarajan, Montek Singh Ahluwalia, and Pronab Sen say the present crisis is different from the one then and requires a different prescription

Explained in numbers: Coronavirus outbreak impact on businesses

A survey by the Federation of Indian Chambers of Commerce and Industry (Ficci) tried to capture this

Supreme Court stays Kerala HC order on deferring recovery process

The Kerala HC single judge Bench took note of the fact that government departments are issuing recovery notices, compelling litigants to approach the court for interim stay

Coronavirus: Defer recovery proceedings for 2 weeks, Allahabad HC to UP

Commercial tax departments of states have also taken a similar decision

Excise duty hike on petrol, diesel to add Rs 43,000 cr to govt revenue

Additional revenue will help govt meet its FY21 target of bringing down the fiscal deficit to 3.5% of GDP

Mobile phones to get costlier as GST rate hiked to 18% from 12%

GST Council asks Infosys to fix GSTN glitches by July

Exports register 2.9% growth in Feb, recover after 6 months of contraction

Non-petroleum non-jewellery exports were up 6.16 per cent at $21.23 billion in the month. Imports also broke the nine-month trend of fall and clocked a 2.48 per cent rise to $37.5 billion in February.

WTO-compliant remission of tax scheme for exporters gets canbinet nod

Under the scheme, an inter-ministerial committee will determine the rates and items on which the reimbursement of taxes and duties would be provided.

Industrial production rises 2% in January, investments still weak

The Index of Industrial Production was revised up for December to 0.07% growth, from a contraction of 0.3% in the provisional estimate

Here's what Finance Ministry claims about women and social schemes

Micro Save Consulting says 65% of women either did not have access to formal financial services

YES Bank crisis: FM Nirmala Sitharaman asks RBI to fix accountability

Sitharaman said the RBI and the government had been closely monitoring YES Bank since 2017