Author: Economy

Source: AFP India has marked a key milestone in universalising primary health care with the target of operationalising 70,000 Ayushman Bharat-Health and Wellness Centres (AB-HWCs) by March 31 being realised ahead of time, the Union Health Ministry said on Sunday. Till date, about 41.35 crore people have accessed care in these AB-HWCs and about 54 […]

The decline in gold imports has helped in narrowing the country”s trade deficit to USD 84.62 billion during the 11-month of the current fiscal, as against USD 151.37 billion a year ago. PTI March 21, 2021 / 02:12 PM IST Gold imports, which have a bearing on the country’s current account deficit (CAD), fell 3.3 […]

Potato prices in both producing and consuming areas across India have crashed 50 per cent to Rs 5-6 per kg this year on account of good rabi (winter) crop, as per the government data. While consumers are getting potato, the key kitchen staple, at very low prices at present but farmers are struggling to even […]

2. Raghuram Govind Rajan – Former Reserve Bank of India governor and currently a Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Rajan, who graduated from IIT-Delhi in 1985 with a Bachelor’s degree in electrical engineering, also won the Director’s Gold Medal there. (Image: PTI) Expressing […]

Arvind Panagariya India needs to return to a very liberal trade regime as it can push growth into double-digit range, former Niti Aayog Vice-Chairman Arvind Panagariya said. With a low corporate profit tax rate, labour law reforms, GST, and bankruptcy law, a massive privatization programme on the anvil, and measures to de-stress the financial sector […]

Uttar Pradesh, which was the fifth largest economy in the country four years ago, is now the second largest economy in terms of GSDP, the chief minister said. Chief Minister of Uttar Pradesh Yogi Adityanath (File image) Uttar Pradesh is on path to achieve the ‘$ 1 trillion economy’ target, Chief Minister Yogi Adityanath claimed […]

Union Minister Nitin Gadkari said new vehicles have FASTags fitted in them, while the government has said it will give free FASTags for old vehicles. PTI March 18, 2021 / 01:17 PM IST Union Minister Nitin Gadkari India will do away with toll booths and implement complete GPS-based toll collection within one year, Road Transport […]

Source: Reuters Federal Reserve officials are due to issue new economic projections on Wednesday, with GDP growth likely to be a blow-out number that sets the stage for an historic experiment by US central bank policymakers. Fed Chair Jerome Powell and his colleagues are betting the economy can take off from the COVID-19 pandemic without […]

Responding on the issue, Sitharaman said several MPs from different parties had made representation on the matter. PTI March 16, 2021 / 01:38 PM IST Finance Minister Nirmala Sitharaman. (File Image) Finance Minister Nirmala Sitharaman on Tuesday said in the Rajya Sabha that fund under the Members of Parliament Local Area Development Scheme (MPLADS) for […]

During the Question Hour in Lok Sabha, Javadekar said the effort always is to utilise full capacity of PSUs. PTI March 16, 2021 / 01:37 PM IST Union Minister Prakash Javadekar Union Minister for Heavy Industries and Public Enterprises Prakash Javadekar on Tuesday said the government always makes efforts to revive public sector undertakings that […]

The Central government is likely to give an unchanged inflation target of 4 (+/-2) percent to the Reserve Bank of India’s Monetary Policy Committee, for the next five years starting 2021-22, Moneycontrol has learnt. The amendments made to the Reserve Bank of India Act in 2016 allows the government to set the inflation target, in […]

Imports during the period increased 27.77 per cent to USD 22.24 billion, leaving a trade deficit of USD 8.02 billion, the data showed. PTI March 16, 2021 / 02:49 PM IST Reuters Showing healthy signs of revival, India’s exports grew 17.27 per cent to USD 14.22 billion during March 1-14 as compared to the year-ago […]

The Ministry of New and Renewable Energy’s (MNRE) announcement of the BCD implementation on imported solar cells (25 per cent) and modules (40 per cent) starting April 1 could increase the solar power tariff, it said. PTI March 16, 2021 / 02:53 PM IST Tesla acquired SolarCity, the second-largest provider of solar power systems in […]

Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman on Tuesday said in Parliament that permission to new private banks for conducting government-related business will be given under the RBI guidelines. Sitharaman, during the Question Hour in the Rajya Sabha, said the government has now ”only indicated” the RBI to allow other private banks to perform government-related business to ensure there is a […]

“We have been engaging with the RBI to ensure that the regulatory functions and supervisory function of the RBI are strengthened. I am assured by the RBI Governor that internally an institutional mechanism is being further strengthened,” Sitharaman said during Question Hour in the Rajya Sabha. PTI March 16, 2021 / 03:54 PM IST Finance […]

Representative image Rs 2,000 currency notes have not been printed in the last two years even as the quantum of India’s highest denomination currency note has come down, the Lok Sabha was informed Monday. In a written reply, Minister of State for Finance Anurag Singh Thakur said 3,362 million currency notes of Rs 2,000 denomination […]

Representative image A slew of changes in the income tax rules, announced by the Union Finance Minister Nirmala Sitharaman on February 1 while presenting the Union Budget will come into effect from fom April 1. People of and over the age of 75 with income from pension and interest from fixed deposit in the same bank would […]

This was Yellen’s first call with Sitharaman after she became the first female Treasury Secretary of the United States in January this year. PTI March 16, 2021 / 08:03 AM IST Finance Minister Nirmala Sitharaman. (File Image) US Treasury Secretary Janet Yellen has spoken over phone with Finance Minister Nirmala Sitharaman during which she appreciated […]

The state governments may need to utilise as much as 70-90 percent of their enhanced borrowing limits for FY2022 to meet the shortfall. GST | Representative Image Rating agency ICRA on March 15 estimated that the goods and services tax (GST) compensation required by the state governments for FY22 could be between Rs 2.7 trillion and Rs 3 […]

A new online facility launched by the government’s IT department generates Permanent Account Number in just 10 minutes for those with Aadhaar numbers. The government’s IT department has launched an online new facility that allows an Aadhaar card-holder to get a Permanent Account Number (PAN) within minutes. A PAN is generated in just 10 minutes […]