Page 1590 - Economy & Policy News

Economy to contract at 7.5 per cent for FY21 due to Covid-19 impact: RBI

The Reserve Bank of India revised its forecast of economic growth for the current fiscal year (2020-21) to minus 7.5 per cent compared to its earlier forecast of minus 9.5 per cent

RBI's move to keep key interest rates steady was expected, experts say

The Reserve Bank of India kept key interest rates steady as widely expected amid persistently high inflation, and after a better-than-expected reading on economic growth

RBI policy: Clearly more sanguine on growth, but cautious on inflation

The curious message we get form the statement is that inflation is no longer the only target and we are back to the old days when both growth and inflation were targets for monetary policy

RBI keeps repo rate unchanged at 4%; maintains accommodative stance

The RBI MPC voted unanimously to keep the key policy rate unchanged

Private health care providers gear up for Covid-19 vaccination drive

The industry, on its part, is drafting out the road map for vaccination and where they can chip in.

Chhattisgarh opts for special window for GST compensation; Jharkhand left

Now all states, except Jharkhand, have opted for Centre's borrowing options.

Fall in direct tax mop-up slows in November on better economic movements

Personal income tax saw contraction shrink to 13 per cent by November from 22 per cent seen up to September, on the back of lower issuance of refunds and improvement in economic conditions

Optimistic about revival in Q3, says FinMin in monthly economic review

FinMin said there were no fundamental or structural factors behind the GDP contraction

Services sector grows for second straight month, but rate falls in Nov: PMI

Hiring reverses declining trend, services inflation accelerates

Steel prices race past peak levels of 2018, spreads at 3-year high

The market price for hot rolled coil (HRC) - a benchmark for flat steel - now stands at around Rs 47,500

India's next Budget to focus on boosting growth, says FM Sitharaman

With the world's second-highest cases of coronavirus despite a severe lockdown of its 1.3 billion people early on in the pandemic, India's economy is expected to contract nearly 10% in the 2020-21

After being hit by pandemic, Indian economy now recovering gradually: IMF

India's economy, which was severely affected by the coronavirus pandemic, is gradually recovering, the International Monetary Fund said on Thursday

Three critical drivers that are lending colour to the farmers' protest

Protesters want a complete repeal of the three laws along with a guarantee that no crop inside or outside the mandis will be bought below the state-mandated MSP by anyone

Will govt incentives for mobile manufacturing speed up job creation?

The Indian govt hopes to generate 300,000 direct jobs and thrice as many indirect employment opportunities in the sector over the next five years

Palm oil demand will be limited if prices continue to rise: Report

If it does, benchmark palm oil prices are likely to jump to as high as 4,000 ringgit per tonne in January

DRI to discuss trade-based money laundering with global peers on Friday

Global representatives would include those from the Australian Border Force and customs administration of the Netherlands, the finance ministry said

Significant investments in 5G rollout, will accelerate further: Telcos

Leading telecom representatives at a panel discussion said enterprises are going through a point of inflection in their approach towards communication networks

World food price index jumps in November to almost six-year high - FAO

Vegetable oil prices led the upward charge in the overall index, surging 14.5% month-on-month.

Trump's biggest H-1B changes blocked: What it means for Indian techies

A US court has blocked two H-1B regulations proposed by the Trump administration to restrict the ability of American companies to hire foreign employees

After manufacturing, services loses steam in Nov on weak demand: PMI

India's manufacturing recovery also faltered last month as coronavirus fears weighed on demand and output