Author: Economy

This was on the back of further cooling down of food prices. Consumer Food Price Inflation (CFPI) was 1.89 per cent in January, data by the National Statistical Office showed. Consumer Price Index-based inflation (CPI) for the month of January came in at 4.06 per cent, the second consecutive month of retail inflation falling within […]

Addressing a gathering organised by BJP’s youth wing to highlight the salient features of the Union Budget, Pradhan said the Rural Infrastructure Development Fund of Rs 40,000 crore will open new doors for agrarian development. PTI February 12, 2021 / 03:30 PM IST Union Petroleum Minister Dharmendra Pradhan on Friday said the new farm laws will […]

India and the US are committed to achieving the ambitious goal of a bilateral trade of USD 500 billion, India’s top envoy here has said, underlining that New Delhi is keen to engage with the new Biden administration, particularly on trade and economic partnership. When President Joe Biden was the vice president, he had set […]

U.S. Secretary of State John Kerry attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 17, 2017. REUTERS/Ruben Sprich – LR1ED1H14SATY India is actually a red-hot investment opportunity for its clean energy transition, top US official John Kerry said on Thursday as he praised Prime Minister Narendra Modi for his […]

Using the app, the customer can complete day to day activities such as depositing money, checking balance, transferring money and other financial transactions, which otherwise required one to visit the nearest post office. The India Post Payments Bank (IPPB) offers a facility to open savings accounts digitally with the help of its IPPB mobile application. […]

Source: Reuters The government will adopt an integrated approach and come out with a policy to make India self-reliant in the area of advanced battery technologies to power electric vehicles and other applications, Union Minister Nitin Gadkari said on Thursday. Pitching for an integrated approach for developing indigenous fuel cells in the field of electric […]

Fitch said loosening of fiscal policy to support the country’s economic recovery from the COVID-19 pandemic will lead to a rise in public debt. Global ratings agency Fitch said on February 10 that Finance Minister Nirmala Sitharaman’s Union Budget 2021-22 has the potential to lift growth prospects, called the Centre’s fiscal roadmap “credible”, and singled […]

India Ratings and Research on Wednesday said it estimates the gross domestic product (GDP) growth to bounce back to 10.4% year on year (YoY) in FY22,  driven by the base effect. “Although the recovery in FY22 on a YoY basis will be V-shaped, the size of the GDP will barely surpass the level attained in FY20 […]

Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance Company, is of the view that the Reserve Bank of India (RBI) may continue with its ‘accommodative’ stance till the prospects of a sustained recovery are secured, although it will closely monitor the evolving outlook for inflation. Tandon sees the growth revival broadening. According to her, the thrust provided on […]

Representative image (PC- MoneyControl.Com) In an ordinary year, the work on an upcoming Budget begins by October. It gradually ramps up by December, when most of the publicised pre-Budget meetings take place, and attains fever-pitch until the finance minister of the day presents the Budget on February 1. The year 2020 was not ordinary. The […]

Investors in fixed income should brace for volatility. It is extremely important to stay the intended investment tenor to help ride out such moves in bond yields. RBI | Representative Image. The Reserve Bank of India (RBI) maintained status quo key rates—repo rate at 4 percent and reverse repo rate at 3.35 percent. The monetary […]

Holding policy interest rates unchanged at record lows on Friday, Reserve Bank of India Governor Shaktikanta Das assured investors that its stance on liquidity remained accommodative and that the government’s 12.06 trillion borrowing programme for the fiscal year starting April would be managed in a smooth and orderly manner. Reuters February 08, 2021 / 11:30 […]

Deloitte India Partner and Financial Services Industry Leader Sanjoy Datta said the announcement to raise the FDI cap in the sector was a much-awaited move by the government. It is in direct recognition of the requirement for significant capital inflows to provide adequate levels of insurance cover to the population, he added. PTI February 07, […]

A pile of fish collected from a net is seen during harvesting at one of Europe’s biggest freshwater fishing firms in the Great Hungarian plain in Hortobagy, Hungary November 7, 2017. REUTERS/Laszlo Balogh – RC1A91B18D20 Union Fisheries Minister Giriraj Singh on Sunday announced an investment of Rs 400 crore in Goa to make the coastal […]

Prices of LED lighting products, including bulbs, may go up by 5-10 per cent as the government is going to raise customs duty on the imported components used for their manufacturing, and the domestic makers are approaching the government to address the issue urgently. Electric Lamp and Component Manufacturers’ Association (ELCOMA) President Sumit Joshi, ”The government’s decision […]

Ministries of defence and railways and central public sector enterprises (CPSEs) are among the largest buyer organisations on the public procurement portal, GeM, a senior official said. Government e-Marketplace (GeM) portal was launched in August 2016 for online purchases of goods and services by all central government ministries, states and departments. GeM CEO Talleen Kumar […]

The government would not hesitate to increase the spend under the Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) Programme if the need arises in the future, Minister of State for Finance Anurag Singh Thakur has said. The minister emphasised that the Narendra Modi government has taken steps in the past in the interest of the […]

Speaking at the Delhi BJP office, the Minister of Commerce and Industry said the five Atmanirbhar Bharat packages announced over the course of several months last year and this budget can be compared with the finance minister “hitting a sixer” in cricketing terms. PTI February 07, 2021 / 03:39 PM IST Piyush Goyal Union Minister […]

Source: Reuters Asian powerhouses China and India have fared very differently against COVID-19 since the pandemic spread across the world, with China recovering from last April, while India remained mired in the outbreak until December, as reflected by their respective demand for crude oil. China has imported above-average volumes of crude for eight of the […]