Author: Economy

Commerce and Industry Minister Piyush Goyal on Thursday expressed hope that global pharmaceutical industry will show “big heart” and support India’s proposal in the WTO for relaxing certain provisions in a multilateral agreement on intellectual property with a view to containing the pandemic. In October 2020, India and South Africa submitted a proposal suggesting a […]

Economy India and China’s projected economic growth figures give hope to the South African economy, Finance Minister Tito Mboweni has said, but cautioned that the country”s public finances are “dangerously overstretched”. Delivering his budget speech in Parliament on Wednesday amid an economy ravaged by COVID-19 and the associated lockdowns, Mbowani said the damage caused by […]

Rice output is estimated to rise by 1.2% to 120.32 million tonnes. India is the world’s biggest rice exporter and second biggest producer. Reuters February 25, 2021 / 08:18 AM IST Wheat output in India, the world’s second biggest producer, is expected to go up by 1.3% in the crop year to June 2021, the […]

Agriculture Minister Narendra Singh Tomar attributed the rise in production to efforts of the farmers and scientists as well initiatives of the central government. PTI February 24, 2021 / 07:36 PM IST India’s foodgrain production is estimated to rise 2 per cent in 2020-21 crop year to an all-time high of 303.34 million tonnes on […]

The Reserve Bank of India (RBI) has said it is concerned that cryptocurrencies will impact financial stability in the economy, ahead of the government’s plans to introduce a law to ban private cryptocurrencies such as bitcoin. RBI has conveyed these “major concerns” to the government, Governor Shaktikanta Das said in an interview with CNBC TV-18 […]

Mini has equipped the Cooper SE with three driving modes including Green, Green+ and Sport. It also gets a 32.6kWh battery pack which can go for 270km on a single charge. A standard charger takes up to 2.5 hours to charge it from 0-80, while a 50kW fast charger can do the same in 35 […]

Did you miss the 120-day ITR verification deadline? See how a condonation request can help you save the trouble of filing ITR all over again. Did you know that filing the Income Tax Return (ITR) is not the end of the tax process? It is important that you verify the ITR within 12o days of […]

The sharp decline in GST collections was estimated to lead to Rs 1.80 lakh crore shortfall in GST revenues of states. This includes Rs 1.10 lakh crore revenue loss on account of GST implementation and Rs 70,000 crore on account of COVID-19 pandemic. PTI February 21, 2021 / 11:16 AM IST The GST revenue shortfall […]

A driver gets off a loading vehicle at local businessman Sun Meng’s small coal depot near a coal mine of the state-owned Longmay Group on the outskirts of Jixi, in Heilongjiang province, China, October 23, 2015. REUTERS/Jason Lee/File Photo – RTX2P9VV The Centre plans to permit sale of 50 per cent of coal/lignite produced by captive […]

The EMIs comprises a part of the principal amount as well as interest on the reducing principal amount, compounded at quarterly rests and discounted to the monthly value. So, the deposits made by the customers are returned to them in the form of a monthly installment, along with interest. State Bank Of India | In the […]

The Congress has accused the Centre of looting people by imposing high taxes on petrol and diesel and has demanded its rollback to provide relief to the common man from the onslaught of rising prices. PTI February 22, 2021 / 10:54 AM IST Rahul Gandhi Hitting out at the Modi government over rising fuel prices, […]

In its letter to the prime minister, the Confederation of All India Traders (CAIT) called for setting up of a “special working group” at the central level comprising senior officials, CAIT representatives and independent tax experts to review the GST structure and make recommendations to the government. PTI February 22, 2021 / 08:37 AM IST […]

In a Hindi tweet, Mayawati said, “The prices of essential items like petrol, diesel and cooking gas (LPG) are increasing in an uncontrolled manner after government control over the prices were removed. It has created problems everywhere, and lives of the people are affected. The government should take cognizance of the seriousness of the situation […]

“When you were young, what was your dream, who was your role-model to get you to this position”, she was asked at an interactive session hosted by Bangalore Chamber of Industry and Commerce (BCIC) here on Sunday. PTI February 21, 2021 / 02:31 PM IST One had expected Union Finance Minister Nirmala Sitharaman to say […]

Representative image: Reuters Continuing their buying spree, foreign portfolio investors (FPIs) invested Rs 24,965 crore in Indian markets in February so far as various organisations predicted high economic growth for the country and the Union Budget boosted investor sentiment. According to depositories’ data, FPIs pumped in Rs 24,204 crore into equities and Rs 761 crore […]

The ministry on Friday released the 17th weekly instalment of Rs 5,000 crore to 23 states and 3 Union Territories (Delhi, Jammu & Kashmir & Puducherry), taking the total amount released so far under the special borrowing window set up in October last year to Rs 1 lakh crore. The Centre has released Rs 1 […]

Petrol price was hiked by record 39 paise per litre and diesel by 37 paise a litre, according to a price notification of state-owned fuel retailers. Petrol price on Saturday touched an all-time high of Rs 97 per litre in Mumbai while diesel rate crossed Rs 88 -mark. Petrol price was hiked by record 39 paise per […]

Union Finance Minister Nirmala Sitharaman accused the opposition parties of spreading false propaganda about the contentious farm laws and said they were protesting only to benefit middlemen. Addressing the traders’ cell of Tamil Nadu BJP here, she also said those who were causing hindrance to the progress of the growth of Tamil Nadu were now […]

Source: Reuters The number of subscribers under government-run pension schemes NPS and APY rose nearly 22 per cent to 4.05 crore at January-end this year, according to data from PFRDA. There were over 3.33 crore subscribers under both the schemes by the year-ago same period. It shows a year-on-year increase of 21.63 per cent, the […]