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Budget 2021 will address woes of affected sectors, says Finance Secretary

AJAY BHUSHAN PANDEY says litigants in more than 96,000 appeals - involving disputed amounts of Rs 83,000 crore - have opted for the Vivad Se Vishwas scheme, which has been extended by a month

Manufacturing shows marginal improvement in Dec, PMI inches up to 56.4

One area that failed to show an improvement was employment, with jobs being shed once again at the end of 2020

Slowing economy drove urban unemployment to four-quarter high in Q4FY20

The spike in the rate could also be attributed to a slightly higher willingness among women to participate in the job market

GST mop up rose to highest ever level at over Rs 1.15 trillion in December

Mop up was 10.57% higher month-on-month, and 11.65% higher year-on-year despite an elevated base on both yardsticks

Exim Bank pegs exports to grow around 8% in Dec after two months of decline

For Q3 as a whole, it sees outbound shipment declining by 1.77%

We need a new Farm Act that looks at the issues afresh: Punjab FM Badal

Badal said that it remains unclear who is leading the talks from the Centre's side, and the move comes after much dilly-dallying

Bold reforms have ensured steady FDI flow even during pandemic: FM

Says govt initiated big reforms in agriculture and labour codes

GST revenues take a beating as Council tweaks rates far too often

Centre to propose one a year tweaking; states say proposal is not enough, slabs need to be changed, experts call for flexibility to cater to immediate needs

Icra narrows its GDP decline forecast for FY21 to 7.8% from 11% earlier

Agency had forecast a small contraction of one per cent during Q3

Transport costs up 12% due to farmers stir: Ficci's MSME confederation

It pegged the daily loss to the businesses at about Rs 3,000 crore, which would mount if the situation is not addressed

SBI Research ups projections for economy, narrows GDP contraction to 7.4%

Deloitte says recovery depends on vaccine, spread of Covid cases

Winding down liquidity to be challenge for RBI going forward: Subbarao

Ex-RBI governor says road map for fiscal consolidation starting 2022 would be prudent. Though expansionary fiscal policy is a pressing need, govt spend on health and education would benefit economy

FSDC deliberated on challenges in transition from Libor-based contracts

In a meeting, chaired by FM Sitharaman, it noted that a multi-pronged strategy involving relevant stakeholder institutions and departments is required in this regard

Exports decline for second month in a row, trade deficit at ten-month high

Exports fell sharper at 8.7% in November from 5.1% in October, as demand remained muted in major overseas markets due to Covid-induced lockdowns

November WPI inflation at nine-month high even as food prices moderate

Onion, which bore the brunt of rising inflation rate in recent months, saw deflation or fall in prices in November at 7.58%

India Inc seeks growth-oriented budget, higher health spend from FM

Says fiscal consolidation be pushed for later years or formulated from three-year perspective

FM Nirmala Sitharaman takes stock of schemes under Atmanirbhar Bharat

Public sector banks have approved purchase of portfolio of Rs 27,794 crore as of December 4, 2020

CEA foresees V-shaped recovery in industrial production going ahead

Makes his prediction on the basis of the number of items in the IIP basket that grew in the month of October

Agricultural reforms will increase farmers' income: PM Modi at FICCI event

PM Modi said farmers will get new markets and agriculture will get fresh investments

Need to revisit Constitutional provisions on federal structure: N K Singh

Singh also called for moving to a fiscal deficit range rather than a specific number to better judge expenditure outcomes of states