Page 244 - Indian Economy

Gems and jewellery units to miss the sparkle again: Crisil SME Tracker

The first quarter bore the impact of lockdowns imposed by states to contain the second wave of infections

Best of BS Opinion: Lessons from Delhi Metro, towards a lean tax department

Here are the top BS Opinion articles of the day.

IMF slashes India's economic growth forecast for FY22 to 9.5%

However, IMF sees India's GDP growing by 8.5%, 160 basis points higher than its earlier projection, in the next financial year (FY23)

Higher Q1 tax mop-up shows economy on recovery path: Govt

Increased tax collection in the first quarter this fiscal shows that the economy is on the recovery path, Minister of State for Finance Pankaj Chaudhary said on Tuesday. Net direct tax collection in the April-June quarter of the current fiscal is over Rs 2.46 lakh crore, as against more than Rs 1.17 lakh crore during the same period of the previous fiscal. Reasons for increase in the collections include revival of economic activities and positive sentiments among taxpayers during this current financial year, leading to increased income estimates and higher advance tax payments in the first quarter of the FY 2021-22 as compared to the corresponding period of FY 2020-21, he said in a written reply to the Rajya Sabha. Net Indirect Tax (GST and non-GST) revenue collection in the first quarter of FY 2021-22 is Rs 3.11 lakh crore, he said. The increased tax collection (Direct & Indirect) as reported in the first quarter of the current financial year as compared to the same period ...

No plan to print currency notes to tide over economic crisis: Sitharaman

Many economists and experts have suggested the government to resort to printing more currency notes to support the economy

Recovery tracker: Power generation falls below 2019 level, mobility slows

Almost 77 per cent of workplace visits were back, while use of transit stations was at 85 per cent of 2019 levels

India's GDP growth expected to be 8.8-9% in FY22: Care Ratings

The country's gross domestic product (GDP) growth is likely to be 8.8 to 9 per cent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report.

RBI to overlook higher inflation, remain dovish in August review: Report

The Reserve Bank-led monetary policy panel is scheduled to announce the third monetary policy review on August 6

2nd wave may lead to some reassessment of economic growth estimates: Birla

According to Birla, the Indian economy was "firmly on the path of recovery" in the second half of FY21

Statsguru: Performance and challenges of co-operative sector in India

Even though a fifth of these cooperatives are in the financial sector, their share has remained low

Reliance to SAIL: India Inc on deleveraging spree as economy slows down

Companies don't want debt-fueled growth, seek prudence as banks crack the whip.

Success in exporting goods

Firms in India have much to gain by prioritising the export sector, either directly by exporting or by selling to exporting firms

India will become $5 trn economy in 5-10 years: Paytm CEO

The country is in an exciting phase of growth and the economy is expected to add USD 2.5 trillion in the next 5-10 years, Paytm founder and CEO Vijay Shekhar Sharma said on Saturday.

India can be as rich as US and China by 2047, says Mukesh Ambani

Ambani said India in 1991 showed foresight and courage in changing both the direction and determinants of its economy

We can make next 30 years the best in India's history: Mukesh Ambani

"I am supremely hopeful and confident about the Rise of New India. I can see that the spirit of India is more resurgent than ever before", Mukesh Ambani wrote in Times of India

Why India is still not ready to embrace 1991-style economic reforms

The real issue is that the government and the bureaucracy, unlike in 1991, aren't set up to develop a consensus behind liberalizing reforms

Living in 'interesting times': Dickensian illusion and Orwellian nightmare

The world has too many fires to fight - from climate change to a semi-permanent state of medical alert, increasing threat to democracy, global power shifts, and growing inequality - notes T N Ninan

Road ahead more daunting, says Manmohan on 30 years of liberalisation

Singh said the reforms process unleashed the spirit of free enterprise which has helped produce world-class companies and help India emerge as a global power in many sectors.

India's economic rebound faces rising risk from Delta variant: Reuters poll

The latest survey results suggest difficult policy decisions lie ahead for RBI, which has already seen two consecutive months of inflation above the 6% upper limit of the range it tolerates

From Sensex to exports, how much have we scaled our economy in 30 years

Major economic reforms in the early 1990s changed the face of the Indian economy