Author: Economy

Inflation leads to higher official interest rates, it affects the cost of funds, and therefore, the profitability of a large number of corporates. Joseph Thomas March 26, 2021 / 09:31 AM IST The US bond yields have moved up quite sharply, the 10-year treasury has touched 1.60 percent and this movement is occasioned by the […]

The IMF is scheduled to release its World Economic Outlook on April 6. PTI March 26, 2021 / 07:50 AM IST India’s economy is on the path of gradual recovery, the International Monetary Fund has said ahead of its next month’s spring meeting with the World Bank. “India’s economy is on the path of gradual […]

The government, in October 2020, had announced a waiver of compound interest only on loans of up to Rs 2 crore. The Reserve Bank of India, on March 27, 2020 announced a moratorium on loan instalments due between March 1 and May 31. Banks are planning to seek the government’s help to pick up the […]

In this photo released by the Suez Canal Authority, the Ever Given is seen sitting with its bow stuck into the waterway’s wall on March 24, 2021. (Image: Suez Canal Authority via AP) Oil prices jumped about 6 percent on March 24 as a result of a large container ship running aground and blocking Egypt’s Suez […]

Representative image India is still not out of the woods as far as unemployment is concerned after a year when the lockdown was imposed to contain the spread of deadly COVID-19 on March 25 last year as pandemic-induced job loss has not tapered off consistently. The government had imposed a lockdown to curb the spread […]

The Gross State Domestic Product (GSDP) numbers of states might undergo a revision, Soumya Kanti Ghosh, Group Chief Economic Advisor of the State Bank of India (SBI), said on March 24. This was part of a report by SBI’s Economic Research Department, authored by Ghosh. The report underscored that the actual estimates of states’ GSDP for FY21 […]

A surprising global macro development, post the Global Financial Crisis (GFC) of 2008, is the conspicuous absence of inflation in the developed world. Traditional economic theory that links inflation to money supply has largely become irrelevant. The massive injection of liquidity via Quantitative Easing (QE), post the GFC of 2008, did not create inflation. The […]

Between private and public sector insurers, who is the leader in generating jobs? Unlike popular perception, it is the private insurance companies. During the discussions on the Insurance Amendment Act 2021, Finance Minister Nirmala Sitharaman informed the Lok Sabha justifying the FDI limit hike to 74 percent from 49 percent that private insurers employing millions […]

Nitin Gadkari The government is spending Rs 7 lakh crore on building green express highways through modern technology which in turn would provide smart transportation and reduce pollution, Union Minister Nitin Gadkari said on Wednesday. Of these, Rs 1 lakh crore Delhi-Mumbai Expressway is likely to be completed within a year while Delhi-Meerut Expressway will […]

Nisha Thakuri, a beautician based out of Delhi, unhappy with her job, left the salon where she was working and decided to join the gig economy with the lure of independence and better pay. She is happy to have made the decision at the right time. “My pay wasn’t good and getting leave at the […]

The Department of Expenditure, Ministry of Finance, has received requests from Andhra Pradesh, Goa, Manipur and Nagaland for the special financial packages, Minister of State for Finance Anurag Singh Thakur said in a written reply. PTI March 22, 2021 / 02:42 PM IST Representative image Four states including Andhra Pradesh and Goa have sought Rs […]

Economy Last week I got my first haircut in almost a year. Succumbing to the constant advertising on television as well as pictures of well-coiffed heads on social media, I decided to try the at-home service from one of the gig companies. It turned out to be an extremely pleasant and professional experience, and I […]

Under the scheme, March 31 is the last date for claiming the benefit. But there are conditions to who can claim the benefit. Representative image To boost consumption by allowing employees to claim tax benefits against bills of goods and services purchased instead of travel expenses, the government announced the leave travel concession (LTC) cash […]

Foreign portfolio investors (FPIs) have invested a net sum of Rs 8,642 crore in Indian markets so far in March. According to depositories data, FPIs poured in Rs 14,202 crore into equities but pulled out Rs 5,560 crore from debt segment between March 1-19. This took the total net investment to Rs 8,642 crore. Prior […]

As many as 449 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.29 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,736 such projects, 449 reported cost overruns […]

Representational image India’s top-12 ports witnessed considerable decline in cargo traffic for the eleventh straight month in February to 600.62 million tonnes (MT), according to ports” apex body IPA. Cargo traffic at 12 major ports that are under the control of the Centre dropped by 6.61 per cent to 600.62 million tonnes (MT) during April-February […]