Author: Economy

As per UIDAI, this can be done by sending an address validation letter online with the help of an address verifier and the address verifier can be any family member, friend, landlord, who can allow you to use that address. The address can only be updated if you meet certain conditions. The Unique Identification Authority […]

Foreign direct investments (FDI) in the computer software and hardware sector jumped nearly four-times to USD 24.4 billion during April-December 2020-21, according to the latest data of DPIIT. While in the year-ago period the sector received USD 6.4 billion FDI, the entire 2019-20 saw overseas investment of USD 7.7 billion, the Department for Promotion of […]

Domestic companies made investments of USD 2.66 billion in their overseas subsidiaries and joint-ventures in the year-ago month, February 2020. PTI March 07, 2021 / 03:31 PM IST Representative image (Image: AP) India Inc’s overseas direct investment fell by 31 percent to USD 1.85 billion in February this year, the RBI data showed. Domestic companies […]

The state government has been working closely with millions of small units in the form of ”Mission Shakti” groups and a five-day MSME trade fair, which commenced on Friday, will help entrepreneurs showcase their products, he said. PTI March 06, 2021 / 01:43 PM IST naveen patnaik Odisha Chief Minister Naveen Patnaik has said his […]

Representative image: Reuters Households have lost a whopping Rs 13 lakh crore of their incomes from the pandemic-induced job losses, according to a report that also warns of the economy losing momentum by mid-2021 on a likely slowdown in consumption demand that has propped the economy in recent months. Describing the growth momentum seen in […]

The ‘Monthly Economic Review’ for February also stated that higher-than-expected subsidy outlay in 2020-21 has led to real GDP contraction projections to be larger than that of real GVA, an unusual occurrence in itself. Union Finance Ministry. (PC-PTI) An increase in the number of active COVID-19 cases in India poses a major downside risk to […]

Devang Mehta, Head–Equity Advisory at Centrum Wealth, thinks ebbs and corrections are all part of the so-called structural bull market and one has to live with them. He advises keeping an eye on the increase in bond yields but says it is not something to be too worried about at this stage. India is being […]

Nano Disinfection Treatment – Madras Canteen and grill in Chennai uses Graphene-Based Nano disinfection treatment which assures 24*7 anti-viral and anti-bacterial protection to its customers and staff. All surfaces of the entire restaurant including the floors, walls, kitchen cutlery, the counters, food service areas, toilets, lounge bar, smoking zones and the security area are being […]

Source: AFP British finance minister Rishi Sunak unveils his annual budget on Wednesday, promising measures to safeguard businesses and jobs while tackling virus-fuelled debt as England prepares to exit its third lockdown. Ahead of the budget statement in parliament, Prime Minister Boris Johnson’s Conservative government announced late Tuesday that it would extend its furlough scheme […]

Image: Moneycontrol India’s sugar production rose by 20 per cent to 233.77 lakh tonnes in the first five months of 2020-21 marketing year ending September on higher cane production, industry body ISMA on Wednesday said, and demanded hike in MSP of the sweetener to boost mills” liquidity position. The Indian Sugar Mills Association (ISMA) said […]

Interest rates came down to low levels and liquidity became aplenty due to the accommodative monetary policies by world central banks, and the expansionary fiscal policies pursued by the governments. This was a direct response to the economic distress caused by the global pandemic and the resultant fall in employment, output, and demand. It is […]

Arvind Panagariya India’s economy is on an ‘upswing’ and the government’s plans for increased spending comes in the backdrop of pro-growth reforms, former Niti Aayog Vice Chairman Arvind Panagariya said on Tuesday even as he opined that it might take longer to become a USD 5 trillion economy due to the coronavirus pandemic-induced disruptions. In […]

A sign for China’s new digital currency eCNY in Beijing on January 29, 2021. (Image by Gilles Sabrid © 2021 The New York Times) Annabelle Huang recently won a government lottery to try China’s latest economics experiment: a national digital currency. After joining the lottery through the social media app WeChat, Huang, 28, a business […]

File image: Prime Minister Narendra Modi India’s agriculture economy is ripe for a ‘revolution’ in post-harvesting and food-processing sectors. And, the Union Budget 2021-22 aims to achieve these goals, Prime Minister Narendra Modi said on March 1. Speaking at a webinar on the Budget’s agriculture-related announcements, the prime minister also said the private sector should […]

Economy The GDP growth number for the third quarter at 0.40 percent corresponds to more or less what most of the market participants and analysts had expected. That should bring some relief. The reason for this is two-fold. First, the growth is in the positive territory—the economy is growing, though at a borderline rate. Two, […]

Earlier this week, SBI had slashed its contraction forecast to 7.4 per cent from 10.9 per cent. Despite growth returning to the Indian economy in the third quarter of 2020-21 (FY21), a sustained rise in Gross Domestic Product (GDP) is not guaranteed for the fourth quarter, which may again see a contraction of 1.1 percent, […]

With an 18.6 percent share of India’s Gross Domestic Product, the third quarter (October-December) of 2020-21 saw the contribution of exports to economic growth drop to its lowest in the current financial year. Analysts and exporters say that this is not expected to improve in the next quarter, given the poor performance of outbound trade in […]

Whenever the bond yield increases investors including FII prefer to withdraw from equities and look at investing in bonds. Harshad Chetanwala March 01, 2021 / 02:45 PM IST The yield on 10-year bonds in India recently climbed to 6.20 percent after almost a year of low interest. One big leg of support for the equity […]

”The production for the 64 countries reporting to the worldsteel was 162.9 MT in January 2021, registering a 4.8 per cent increase compared to January 2020,” the global industry body said in its latest report. PTI February 28, 2021 / 01:26 PM IST India registered a growth of 7.6 per cent in crude steel production […]

On February 26, Union Oil Minister Dharmendra Pradhan had said that the raging fuel prices will come down as the winter ends. Representative image: Reuters Retail fuel prices remained steady for the second consecutive day across the country after touching record highs on Saturday (February 27). The price of Liquified Petroleum Gas (LPG) or cooking […]