Page 241 - Indian Economy

Bill to nullify retro tax to give impetus to India's $5 trn goal: I-T dept

Taxation Laws Amendment Bill, which seeks to nullify retrospective tax demands raised on companies, will instill investor confidence and provide impetus to goal of becoming a $5 trillion economy

JK Tyre expects economic revival, growth going ahead: CMD Singhania

JK Tyre & Industries expects economic revival and growth going ahead after an unprecedented FY21, but rising commodity prices and the potential turbulence of the pandemic remain causes of concern, according to company Chairman & Managing Director Raghupati Singhania. In his address to shareholders in the company's annual report for 2020-21, Singhania described the last fiscal as "unprecedented and perhaps the most challenging of our lives". "Perhaps it was the first time in the history of JK Tyre that all operations had to be completely suspended, as also those of our stakeholders, including vendors or channel partners," he said in the report. The company responded to the adverse situation with the philosophy of 'survive, revive and thrive' and travelled on the path of transformation with well-strategised plans, including the creation of virtual offices that enabled resumption and ramping up of operations smoothly as soon as the economy started reopening, he added. On the ...

Statsguru: From sowing to tractor sales, measuring monsoon gains

The share of districts with deficient rainfall in 2021 is the lowest over the last six years

Tentative beginning

RBI's position is still fraught with risks

India's power consumption up 9.3% to 28.08 bn units in 1st week of August

India's power consumption grew 9.3 per cent in the first week of August to 28.08 billion units due to improved economic activities after easing of lockdown curbs by states, according to power ministry

FPIs return to equities, invest Rs 975 crore in first week of August

Foreign portfolio investors have made a comeback to India's equities segment and made a net investment of Rs 975 crore in the first week of August

Depict real picture of job loss: Parliamentary panel to Labour Ministry

A Parliamentary panel has asked the Ministry of Labour and Employment to use and reconcile the data and studies conducted by credible agencies for depicting real picture of job loss in the country

Motilal Oswal expects India's real GDP growth to be 20% YoY in Q1

India's real GDP is expected to grow by 20 per cent on a year-on-year (YoY) basis in the first quarter of FY22, Motilal Oswal Financial Services (MOFS) said in a report.

Govt buries retrospective tax, introduces Bill to amend Income Tax Act

Bill to scrap the law tabled; proposed refund at around Rs 8,100 crore

Downbeat Indian consumers withhold spending amid pandemic, says RBI survey

The latest survey came as the RBI's Monetary Policy Committee kept interest rates unchanged at a record-low

Monetary policy review: RBI holds rates steady, ups inflation forecast

The RBI governor defended his protracted rate pause and lengthy accommodative stance as a compulsion brought by the pandemic

Whatever it takes: But for how long?

The Governor clearly stated that the RBI remains in 'whatever it takes' mode, referring to the desire to support the fledgling recovery

RBI's inflation projections jump, growth numbers dip as recovery wobbles

While it termed current inflation as transitory, MPC also expects it to edge up to near-6% levels towards 2021-22 end, highlighting stickiness of inflation in uneven economic recovery

MPC in 2 minutes: Here're the key development and regulatory steps

RBI extended the on-tap targeted long term repo operations (TLTRO) scheme till December 31

PM Narendra Modi unveils strategy to boost exports

Interacting with Heads of Indian Missions abroad and stakeholders of trade and commerce virtually, Modi pointed out four factors that are very important for accelerating outward shipments from India

Growth optimism: Will govt's own investment and exports be enough?

A step jump in medium-term growth rates, of the kind projected, needs all four engines of the economy to be firing. But the govt seems to have bet on just two, writes T N Ninan

RBI policy action has to be nuanced; cannot be unidirectional: RBI Guv

The Monetary Policy Committee (MPC) left the repo rate unchanged at 4 per cent while continued with the accommodative stance to revive and sustain growth on a durable basis.

July hiring activity at all-time high crossing pre-Covid levels: Report

The Indian job market has witnessed sequential growth for the second month in a row: report

India's trade deficit with China dips to $44 billion in 2020-21

Imports from China during 2018-19, 2019-20 and 2020-21 were worth $70.32 billion, $65.26 billion and $65.21 billion

RBI monetary policy is a stepping stone towards policy normalisation

Growth commentary is more positive than last policy with rural demand expected to be resilient, exports expected to continue to do well and pick-up in the long awaited capex cycle