Page 41 - Gdp Growth

Centre likely to reduce AGR licence fee for wireless broadband to Re 1

Cabinet likely to take up the issue in its next meeting

MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker

Long constrained for liquidity, MSMEs now also have to cope with loss of demand, labour shortage, and heightened risk aversion in the financial system due to the Covid-19 pandemic.

Income of Russians plunges most in 20 years in Q2; GDP shrinks 9.6%

The income fell 8 per cent in year-on-year terms in April-June, the state statistics service Rosstat said on Friday

Save MSMEs from closure to protect country's industrial capital: economists

If small units shut down, it will lead to more imports and eventually inflation for years to come, they said at a webinar on Tuesday

PMO, FinMin to discuss revenue position and ways to augment receipts

It is learnt that Chief Economic Advisor Krishnamurthy Subramanian will give a presentation to PMO officials

From most optimistic to pessimistic: Here're FY21 GDP growth projections

The most pessimist one projects it at 25%

Restarting the growth engine

Restarting is easy but a full-speed drive is still some time away

Covid won't deter us from path of speedy GST reforms: Ajay Bhushan Pandey

While not affirming new timelines for the simplified returns forms, Pandey says invoice matching is already happening at the back-end and quarterly payments are allowed for small taxpayers.

India's GDP likely to contract by 6.4% in FY21, says Care Ratings

The rating agency, in May, had projected a decline in GDP growth of 1.5-1.6 per cent in FY21.

April-May fiscal deficit at 58.6% of fiscal year target as revenue slumps

Total revenue was Rs 45,498 crore, or 2 per cent of the budgeted estimate of Rs 22.46 trillion, compared to 7.1 per cent for the same period last year.

Goa likely to see steepest contraction in economy in 2020-21, shows data

India Ratings and Research expects the gross state domestic product (GSDP) of all states in India to contract in FY21

India GDP could contract 5.3% due to coronavirus 'disorder': India Ratings

Pandemic disrupted production, broke supply chains 'washed out of activities' in key sectors: Ratings agency.

At 4.6% of GDP, last year's fiscal deficit breached FRBM Act escape clause

The total revenue for FY20 was Rs 17.5 trillion, or 90.6 per cent of revised estimates of Rs 19.32 trillion, compared with 91.4 per cent for the same period last year.

Financial stability needed even if fiscal deficit rises: CII chief Kotak

The CII president is not in favour of waiver of interest by banks during the moratorium period

Direct tax mop-up rises 39% amid sharp decline in disbursement of refunds

Collections may come under pressure once the base effect wears off

Fitch Ratings, CRISIL, SBI Research see India economy shrinking in FY21

CRISIL said it expected the current quarter's GDP to shrink 25 per cent year on year.

Downgrade of India's sovereign rating by Moody's not surprising: SBI report

India's sovereign rating was downgraded by Moody's to Baa3 with a negative outlook on the pretext of prolonged period of slower growth, rising debt and stress in financial system.

Financing revival through household gold

The expansion of base money through household gold will have a negative wealth effect on households, besides attracting a hidden tax or seigniorage

India retains position of 3rd-largest economy on PPP basis for 2017

PPP of the rupee per dollar at GDP level rose to 20.65 in 2017 from 15.55 in 2011, while the exchange rate of a dollar to a rupee rose to 65.12 from 46.67 during the period

India's medium term fiscal outlook key for rating action: Thomas Rookmaaker

Fitch Ratings expect India's economic activity to contract by 5% in FY21 due to the strict lockdown measures imposed, before rebounding by 9.5% in FY22