Page 1498 - Economy & Policy News

GDP numbers: Positive surprise for third quarter but negative for FY21?

The GDP forecasts do indicate that we are on the right path and in the absence of any serious localized lockdowns can be expected to accelerate with time

RBI extends deadline to apply for umbrella entity on retail payments

The deadline has been pushed by over a month to March 31 in view of the pandemic

Eight core industries' output up 0.1% in January

The rise came on the back of growth in the production of fertiliser, steel and electricity

India's April-Jan fiscal deficit hits 66.8% of full-year target

The federal fiscal deficit in the 10 months to end-January stood at 12.34 trillion rupees ($167 billion)

Jaishankar says opening the economy by earlier govts gave China easy entry

Questions policy of previous govts without building capacities at home

PM asks banks to come out with innovative products for startups, fintech

Modi on Friday stressed on increasing credit to businesses to meet the needs of a fast reflating economy

Andhra Pradesh mulling mega IT park in Visakhapatnam

Andhra Pradesh Industries Minister Mekapati Goutham Reddy on Friday directed officials to explore the viability of establishing a mega IT office complex

India's tablet market posts 14.7% YoY growth after 4 years of decline: IDC

Better numbers were mainly aided by increased use of tablets to support e-learning demand

Inflation target band of 2-6% appropriate for next 5 years: RBI report

The finding is part of RBI's 'Report on Currency and Finance' for 2020-21

Need to increase credit flow to businesses as economy grows: Modi

The PM stressed on increasing credit flow to businesses to meet the needs of a fast reflating economy

India looks set to beat recession even as new coronavirus cases loom

India will become one of the few major economies to post growth in the last quarter of 2020, with any improvement in the economy's performance inversely tied to a drop in Covid-19 infections

India's economy probably resumed growing last quarter post-2020 recession

The forecasts ranged from a contraction of 4.7% to growth of 2.6%. India is set to announce GDP data for the December period on Friday

Top headlines: Adani Group may bid via MIAL, new rules for FB, Twitter

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 (Crypto Bill), which is included in the agenda of the Lower House of Parliament, could be introduced in the monsoon session

FB, Google, Twitter must remove content within 36 hours of govt order

Content depicting nudity or morphed pictures of women need to be removed within 24 hours; rules to embrace OTT players like Netflix, Amazon Prime, Hotstar

Metals to crude oil: Consumers face the brunt of commodities price surge

Durables makers hike prices to offset input costs

Reconsider disallowing IGST for exports: Commerce department to FinMin

The move to disallow IGST for exporters is aimed to plug large-scale frauds in the GST system

RBI balance sheet not compromised by liquidity operations: Shaktikanta Das

The centre and state governments likely to reduce taxes to bring down high fuel prices

Cryptocurrency Bill may not be tabled in the current Parliament session

The Crypto Bill seeks to ban private cryptocurrencies and allow only the ones required to promote blockchain technology with ties to the Reserve Bank of India.

India likely to grow 13.7% next year; fiscal position weak: Moody's

Indian affiliate Icra expects considerable rebound in economic growth in FY22 on the back of higher central govt spending, pick-up in consumption

Reforms are good but can lead to tech terrorism: FM Nirmala Sitharaman

Says Budget shows govt trusts wealth creators, marking directional change