Page 5 - Economic Growth In India

Economists raise doubts over timing of economic revival after Covid-19

State Bank of India's chief economic advisor Soumya Kanti Ghosh said GDP for one quarter had been lost, amounting to Rs 40-50 trillion, due to the coronavirus crisis

Govt unlikely to press for hike in GST rates for non-essentials next month

However it will have to find ways in which essential and non-essential items can be segregated

Amit Shah speaks to CMs before meeting Modi on next phase of lockdown

The central government is expected to announce its decision on the lockdown within the next two days

Top headlines: Indian economy to shrink 5% says S&P, power sector woes

Business Standard brings to you the top headlines of the day

Mamata calls Modi's mega Rs 20 trillion package a 'big zero and eyewash'

West Bengal CM says extension of the deadline to file tax return is not a benefit as people are under lockdown and in any case they cannot meet the earlier deadline

Tax break to provident fund: What stimulus has for you and economy

Government support in the form of 12% employer and 12% employee contribution extended for another three months - June, July and August

Top headlines: TDS rate cut by 25%, ITR filing extended till Nov 30

Business Standard bring to you a snapshot of events which made the news today

Fresh support of only Rs 12-13 trn in economic stimulus: DBS Bank economist

PM Modi outlined a Rs 20-trillion which is 9.7 per cent of GDP support package, of which new allocations could only be 50-60 per cent of the offer

Moody's pegs FY21 GDP growth at 0%, says upgrade unlikely in near term

The rapid and widening spread of the Covid-19, deteriorating global economic outlook, falling oil prices, and financial market turmoil are creating a severe and extensive economic and financial shock

Govt leans on unions to make workers stay back in cities as economy sinks

Labour Secretary says focus should now be on reviving industry and gradually opening up the economy, so that there are adequate employment opportunities

Top headlines: Service activity falls in Apr, fuel excise hike to help govt

Business Standard brings to you a snapshot of events which made it to the headlines today

Biz activities significantly hit; recovery may take over a year: CII survey

45 per cent of the CEOs polled feel it will take over a year to achieve economic normalcy once the lockdown ends

Icra to review rating methodology, factor in 3-month Covid-19 disruption

The rater will now redraw its projections assuming that a business-as-usual operating environment may not return soon

Govt's second stimulus likely this week, may keep industry waiting

Small businesses, farmers, women, poor, migrant workers to benefit from latest measures for political messaging.

Finance Ministry likely to present new GDP, budgetary targets by July

FinMin has internal estimates for economic growth, but these are subject to revisions

Lockdown: UP govt to boost industrial activity in less infected districts

No relaxation for 19 out of 75 districts; Expressway, road projects worth Rs 45,000 cr resume civil work

Policy dilemma: Is the Covid-19 pandemic a demand or supply shock?

In the absence of clarity about the impact of this crisis on demand and supply, any measure undertaken presents the possibility of proving to be eminently wrong when clarity eventually emerges

Covid-19 impact: RBI increases centre's WMA limit sharply to Rs 2 trillion

Ways and means advances (WMA) are temporary liquidity line given by the central bank to the government to meet short-term expenditure needs of the government

Covid-19 impact: Economic growth may fall to 1.1% in FY21, says SBI report

According to the SBI Ecowrap report, the extension of the lockdown would result in economic loss of Rs 21.1 trillion or 6 per cent of the nominal GVA

Economic growth may fall to 2.6% in FY21 during lockdown: SBI Ecowrap

According to the report, the total cost of lockdown is at least Rs 8.03 lakh crore in nominal terms, an income loss of Rs 1.77 trillion