Page 1496 - Economy & Policy News

Fiscal deficit hits Rs 12.34 trillion at end of January, shows data

The fiscal deficit at the end of January in the previous financial year was 128.5 per cent of the Revised Estimates (RE)

India's core industries output sees marginal 0.1% rise in January

Growth in core sector output in January was lower than the 0.2 per cent expansion seen in December

GDP grows 0.4% in Q3: Pre-Covid times are here, says Finance Ministry

However, the economy grew by a much higher rate of 3.1 per cent in the fourth quarter of 2019-20

Q3 GDP growth number: Covid-driven recession over, double dip ahead

GDP is implicitly projected by NSO to slip back into contraction of 1.1% in Q4FY21. This appears to be an outcome of the back-ended release in the Govt's subsidies that is on the anvil in Q4

GDP data: From China to Italy, where India stands in global community

India's was not the worst performer among large economies in the world

Q3 GDP numbers: Private sector investments will pick up soon, say experts

Gross fixed capital formation (GFCF) contracted by 6.48 per cent in Q4FY20. It plunged in Q1FY21 before returning to earlier levels in Q2

PM Narendra Modi urges banks to lend to start-ups and MSMEs amid Covid-19

Calls for effective participation of public sector in banking and insurance

Chaos at toll plazas as commuters grapple with enforcement of FASTags

In the absence of the FASTag, the vehicle owner has to pay double the toll amount as penalty to pass through the plaza

Non-food bank credit grows 6% in January 2021; gold loans rise 132%

The pace of retail credit, a segment which has the maximum focus of banks, decelerated to 9.1 per cent in January 2021 from 16.9 per cent in January 2020

Internationalisation of the rupee is 'inevitable', says RBI report

Internationalisation means the currency can be freely transacted by both resident and non-residents, and be used as a reserve currency for global trades

Govt extends ban on international flights till the end of March

In a circular, the Directorate General of Civil Aviation (DGCA) said international all-cargo operations and flights specifically approved by the DGCA are exempted from the ban

Domestic air traffic may be back to full pre-Covid level by summer: Puri

The domestic air traffic is expected to be back to the full pre-COVID-19 level by the summer schedule with the traffic seeing a sharp recovery from the July quarter onwards, Puri said on Friday.

Forex reserves increase by $169 mn to $583.865 bn, RBI data shows

The country's foreign exchange reserves increased by USD 169 million to USD 583.865 billion in the week ended February 19, RBI data showed

Gadkari urges MSMEs to avail concessional finance and install rooftop solar

Union minister Nitin Gadkari on Friday invited MSMEs to avail concessional debt finance to install rooftop solar for business efficiency.

New rules for social media, OTT require right implementation: Nasscom

IT industry body Nasscom on Friday said the new rules will require the right implementation to ensure they don't become onerous for the platforms

Govt notifies 5-mn-user threshold for significant social media intermediary

Facebook and Twitter said they are studying the rules; Experts question compliance with PDP Bill

India hit by 'double whammy' of low growth, high inflation: Cong on Q3 data

Congress'' chief spokesperson Randeep Surjewala said the third quarter GDP data proves yet again that fault lines in the Indian economy are more visible than ever before

Retail inflation for industrial worker eases to 3.15% in January

Retail inflation for industrial workers eased to 3.15 per cent in January against 7.49 per cent in the same month last year, mainly due to lower prices of certain food items

Growth in Dec qtr shows economy returned to pre-pandemic times: FinMin

The National Statistical Office (NSO) estimated the economy to contract 8 per cent during the full fiscal

Q3 GDP: Accelerated vaccination is key to sustaining growth momentum

With services sector not yet fully functional, consumption spending - private and government - continues to trend lower. However, capital formation did turn around in the previous quarter