Page 269 - Indian Economy

India attracts over $72 bn FDI in Apr-Jan FY21; Japan leads the list: Govt

The number is 15 per cent higher as compared to the first ten months of 2019-20, when it stood at $62.72 billion

Economic recovery resilient despite surging Covid cases: FinMin report

As India witnesses a rapid resurgence of Covid cases, a Finance Ministry report has exuded confidence in the economy and termed recovery as resilient citing improvement in high-frequency indicators

India's factory activity slows to 7-month low amid surging Covid-19 cases

Despite foreign orders growing at a faster pace in March, a sub-index tracking overall demand declined to its lowest since August 2020. Output also grew at its weakest pace in seven months

Centre likely to offer an exit window to holders of cryptocurrencies

A group of secretaries discusses several contentions over cryptocurrency ban

Fresh risk to economy

Govt should avoid the mistakes of 2020

Best of BS Opinion: BJP's CM candidate in Assam, economic reforms & more

Here are the top BS opinion pieces of the day

Ray of hope: In a surprise, personal tax mop-up rises 2.5% in FY21

6% fall in corporation tax due to Covid-related issues

GST dilemma: Contradictory AAR rulings leave industry perplexed

States like Punjab and Delhi have reported delays in disposing of AAR applications.

India's forex reserves decline by $2.98 billion to $579.28 billion

The country's foreign exchange reserves declined by USD 2.986 billion to reach USD 579.285 billion in the week ended March 26, RBI data showed on Friday. In the previous week ended March 19, the forex kitty had increased by USD 233 million to USD 582.271 billion. It had touched a record high of USD 590.185 billion in the week ended January 29, 2021. In the reporting week ended March 26, 2021, the fall in reserves was on account of a decrease in foreign currency assets (FCA), a major component of the overall reserves. FCA declined by USD 3.226 billion to USD 537.953 billion, as per weekly data by the Reserve Bank of India (RBI). Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves increased by USD 276 million to USD 34.907 billion in the reporting week, the RBI data showed. The special drawing rights (SDRs) with the Internationa

Shekhar Gupta: It isn't the economy, genius

Flurry of economic reform suggests Modi realises his muscular nationalism script is getting jaded. Chances are he'll try for economic recovery but stick to what's worked so far

The forgotten case for bank nationalisation

In the recent clamour for their re-privatisation, we seem to have forgotten the rationale for bank nationalisation and the crucial role public sector banks continue to play in war against poverty

We remain optimistic about targets for upcoming fiscal year: Tarun Bajaj

We will have higher revenue, but also our expenditure would exceed the revised estimates in the Budget, said Bajaj

Record GST collection due to recovery, increased compliance: Revenue Secy

GST collection in March this year stood at a record high of Rs 1,23,902 crore

India's exports jump 58% to hit all-time high of $34 billion in March

India becomes a net importer in March, trade deficit widens to $14 billion

Indian growth outlook brightens but Covid-19 casting a shadow: Poll

The March 26-April 1 poll showed economists now expect the economy to grow a record 27.0% this quarter

The bare necessities for India

The latest Economic Survey has presented an interesting new index called the Bare Necessities Index. The BNI Index covers five areas that impact the daily lives of a bottom-of-the-pyramid householder

Shades of status quo

Reversal of interest rate cut should have been avoided

India state retailers' March petrol sales up 27.4% y/y; diesel up 28.6% y/y

Indian state retailers' gasoline and gas oil sales in March rose by 27.4% and 28.6%, respectively, from the low base of last year, when a lockdown to stem the spread of the coronavirus hit consumption

India gets highest-ever FII inflows of $37.6 billion in financial yr 2021

India recorded the highest ever FII inflows of $37.6 billion in financial year 2021, greater than the cumulative inflows of the last six years

Govt keeps inflation target at 2-6% for 5 years: DEA secretary Tarun Bajaj

Economists welcome decision, but argue for a higher upper limit