Page 1214 - Economy & Policy News

India's Nov factory growth hits 10-month high, rising on strong demand

An easing of Covid-19 restrictions drove demand and boosted sales, indicating the economy was on the path to normalization.

India will remain a coal-dependent economy well into the future

Despite diplomat-speak at Glasgow, the country will remain a coal-dependent economy well into the future

India to raise fertiliser subsidies to over record $20.64 bn: Report

India plans to increase 2021/22 fertiliser subsidies to a record of more than 1.55 trillion rupees ($20.64 billion) to avoid shortages

What do Q2 GDP numbers say about India's economic recovery?

India's GDP grew by 8.4% in the second quarter of this financial year, a major rebound from an economic contraction last year. Let's look at what the growth numbers mean for India's economic recovery

Eight core sectors' output grows to 7.5% in October

The core sector grew 6.9 per cent, compared with the pre-Covid month of October 2019

Unemployment rate at 9.4% in January-March 2021: NSO survey

NSO data: Joblessness drops in urban India but higher than pre-Covid level

GDP grows 8.4% in Q2; demand, services drag down economic activities

GDP remained almost flat, barely managing to expand 0.3% over the pre-Covid period of Q2 FY20

Seven firms, including JSW Steel, submit bids for coal blocks

These coal mines were also offered in the first attempt launched on March 25 this year and had fetched single bids

Govt seeks five names of farmer leaders for committee on MSP

The move comes a day after both the Houses of Parliament passed a Bill to repeal the three contentious farm laws against which farmers have been protesting for a year

India's fiscal deficit for April-October at 36.3% of FY22 target

The windfall gains from oil revenues have contributed to the government's tax collection

Bill on cryptocurrency after Cabinet nod, says FM Nirmala Sitharaman

The government had also listed a similar Bill for the last Parliament session (monsoon) but it was not taken up.

TRAI begins consultation on 5G auction, seeks views on private networks

Consultation paper dwells on issues related to spectrum pricing, valuation methodologies, service roll out, cap on holding and upfront payment and moratorium terms for future auctions

S&P keeps India GDP growth forecast unchanged at 9.5% in FY22

The Indian economy had shrunk by 7.3 per cent in 2020-21 fiscal (April 2020 to March 2021) as pandemic induced restrictions battered business activity

India likely to have double-digit growth this fiscal, says CEA

India will achieve its fiscal deficit target of 6.8% of gross domestic output in FY22, says K V Subramanian

GDP grows at 8.4% in Q2: India still fastest growing large economy in world

While India's economy still has to recover compared to the pre-Covid economic activities at a reasonable rate, the story around the world is no different

India's GDP passes pre-Covid level, but by a tad; France still 0.4% below

The structure of each country's GDP was different, with different components driving up growth, even before the pandemic

GDP report card: Agriculture sees 4.5% growth in second quarter

In 2020-21, pulses production went down by 6.65 per cent between the first and fourth advance estimates

Govt approves continuation of Scheme for Investment Promotion for 5 years

The scheme comprises a number of components and activities for the promotion of investment into the country

Unemployment rate at 9.3% in January-March 2021, shows NSO survey

Unemployment rate for all ages in urban areas rose to 9.3 per cent in January-March 2021 from 9.1 per cent in the same month of the previous year, survey showed

Abject failure of govt's policies: Congress on latest GDP figures

The Congress on Tuesday claimed the latest GDP figures "reveal the continued abysmal performance" of the economy and the "abject failure" of the government's policies