Author: Economy

Addressing at the launch Go Electric campaign, Gadkari said, “Why don’t we provide subsidy on electric cooking appliances. We already provide subsidy on cooking gas. “ PTI February 19, 2021 / 02:46 PM IST Nitin Gadkari Transport Minister Nitin Gadkari on Friday made a case for making it mandatory to use electric vehicles for all […]

SIP or systematic investment plan comes in handy for people who cannot afford to make lumpsum investments. Check out how to start SIP online and other details PGIM India Midcap Opp Fund-Reg(G) | Fund has 96.11% investment in indian stocks of which 2.53% is in large cap stocks, 51.05% is in mid cap stocks, 31.76% in […]

Waiting periods at the Kakinada Anchorage Port had reached up to four weeks, compared with about a week normally, because of congestion at the port. Reuters February 19, 2021 / 08:53 AM IST Indian rice exports gained momentum this week after an additional port was opened in the country’s biggest rice-handling facility, potentially easing congestion. […]

Investment activity by venture capital and private equity funds witnessed a weak start in the new year, recording a 35 per cent fall at USD 1.6 billion in January, a report said on Thursday. The e-commerce sector contributed a bulk USD 689 million, the highest monthly figure in two years, which helped the overall deal […]

After Rajasthan, petrol price on February 18 crossed the Rs 100 per litre mark in Madhya Pradesh after fuel rates were increased for the tenth day in a row. Petrol price was hiked by 34 paise per litre and diesel by 32 paise, according to a price notification of state-owned fuel retailers. Read also: Petrol prices […]

RBI | Representative Image. The Reserve Bank of India (RBI) came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for housing finance companies (HFCs). The central bank said these directions, which shall come into force with an immediate effect, are aimed […]

Indian Prime Minister Narendra Modi (left) and UK Prime Minister Borris Johnson (right). With the UK keen on signing a bilateral trade pact soon, India has pushed hard for the removal of tough visa regulations restricting hiring by Indian firms in Britain, asked the UK to instill measures to boost more outward Foreign Direct Investment […]

The rating agency sees the banking system’s weak loans ratio at 12 percent of gross loans and expects credit cost to remain elevated at 2.2-2.7 percent. S&P Global Ratings, on February 16, said that India was on track for an economic recovery in FY22 with an estimated economic recovery at 10 percent in FY22. Consistently […]

Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and United India Insurance. PTI February 15, 2021 / 09:11 AM IST The Finance Ministry will infuse Rs 3,000 crore capital into state-owned general insurance companies during the current quarter in a bid […]

Speaking to reporters here, Chavan said the backlog in road work had gone up and the funds required would be more than what the state budget has allocated. PTI February 15, 2021 / 02:43 PM IST Maharashtra PWD Minister Ashok Chavan on Monday said his government was planning to obtain loans to the tune of […]

This special FD scheme was launched in May to safeguard the interests of senior citizens as the interest rates were falling rapidly amid the coronavirus pandemic. Representative image ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var […]

Earlier, the contract provisions required use of steel produced by primary/integrated steel producers only. The move is aimed at ensuring cost reduction in highways construction using steel. PTI February 15, 2021 / 09:16 AM IST Doing away with restrictive conditions for use of steel in highways construction, the government on Sunday announced that all kinds […]

Petrol price was increased by 30 paise per litre and diesel by 36 paise a litre, according to a price notification of state-owned fuel retailers. PTI February 13, 2021 / 01:12 PM IST Petrol price in Mumbai neared record Rs 95 per litre mark on Saturday as its rate as well as diesel prices were […]

The certificates state that loans taken from cooperative banks and due on January 31, 2021 have been waived. Deputy Chief Minister O Panneerselvam, Agriculture Minister K P Anbalagan and senior officials led by Chief Secretary Rajeev Ranjan participated in the event at the state secretariat, a government release here said. PTI February 13, 2021 / […]

Finance Minister Nirmala Sitharaman was replying to the discussion on the Budget in Lok Sabha. Finance Minister Nirmala Sitharaman, on February 13, said Union Budget for 2021-22 had set the pace for India to become Aatmanirbhar (self-reliant). FM Sitharaman was replying to the discussion on Union Budget 2021 in Lok Sabha, defending the announcements made […]

Sitharaman also said that the priority for the government was to bring a budget that would supplement the stimulus. Finance Minister Sitharaman said that she opted for an infrastructure spending route as it kicks off the cycle of instant jobs and demand, in an interview with Economic Times. Finance Minister Sitharaman said “You spend on […]

He also proposed to remove an additional cess of around 25 per cent imposed on alcoholic beverages in the last year. PTI February 12, 2021 / 01:51 PM IST Ahead of the assembly polls in Assam, Finance Minister Himanta Biswa Sarma on Friday presented a vote-on-account for Rs 60,784.03 crore in the House and withdrew […]

Finance Minister Nirmala Sitharaman. Finance Minister Nirmala Sitharaman said on February 12 that 1.46 lakh establishments had registered under the ‘Aatmanirbhar Bharat Rozgar Yojana’, that is aimed at incentivising employers and employees in order to push job creation. Replying to the debate on the Union Budget 2021-22 in Rajya Sabha, Sitharaman said that 1.78 lakh […]

Opposition parties in the Rajya Sabha on Friday charged that the Union Budget serves the interests of capitalists that will help the rich turn richer and has nothing for the common man, even as the BJP defended saying it has earmarked funds for all including strengthening of health sector. Participating in the debate on the […]

This comes after IIP had contracted by 1.9 per cent in November. It had expanded in October and September after six straight months of contraction due to Covid-19. Analysts had then termed this a temporary blip. With the opening up of the economy and ease in restrictions, manufacturing firms received ‘substantially higher new orders’ in […]