Author: Economy

January 30, 2021 / 07:24 PM IST Budget 2021 LIVE Update |  A pandemic which damaged the global economy, the deepest quarterly contraction in Independent India’s history, the first annual contraction in four decades, the second highest number of COVID-19 cases worldwide, millions of jobs lost, a severe loss of activity across sectors, and slow […]

January 30, 2021 / 05:15 PM IST Ever wondered what it was like to be the Finance Minister? Now you can, with Play the FM for the Budget 2021 | Allocate the Funds Allocate the funds and Play The FM for the Budget 2021 only on Moneycontrol. In a year like no other, how will […]

Representative image (PC- MoneyControl.Com) The countdown for the Union Budget 2021 has started and all eyes would be on the government on how they have planned to address the challenge to reinstate the economy on a growth path while the fight with a global pandemic is still on. To give a backdrop, the Indian economy […]

January 30, 2021 / 01:25 PM IST Coronavirus LIVE Updates | 108 new cases push Odisha’s COVID-19 tally to 3,34,958 Odisha’s COVID-19 tally mounted to 3,34,958 on Saturday as 108 more people tested positive for the infection, a health official said. The state’s coronavirus death toll remained unchanged at 1,906 as no fresh fatality was reported in the […]

January 30, 2021 / 11:12 AM IST Budget 2021 LIVE Updates | Economic Survey says agriculture sector the silver lining during COVID-19, may grow 3.4% this crop year Agriculture emerged as the bright spot, while contact-based services, manufacturing and construction were hit the hardest by the coronavirus pandemic, the government’s annual pre-budget Economic Survey tabled […]

January 30, 2021 / 09:15 AM IST Budget 2021 LIVE Updates | Shanti Ekambaram, Group President – Consumer Banking, Kotak Mahindra Bank said “Growth will be the central theme around which budget initiatives will revolve. COVID-19 has severely disrupted India’s growth trajectory and getting growth back on track in FY21-22 will be the Finance Minister’s foremost […]

Budget 2021 | Representative image: Moneycontrol.com The Economic Survey 2021, released on January 29, observed that India’s administrative processes derive less from lack of compliance to regulatory standards, but from ‘overregulation’. “International comparisons show that the problems of India’s administrative processes derive less from lack of compliance to processes or regulatory standards, but from overregulation,” […]

The Economic Survey 2020-21, authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth. Finance Minister Nirmala Sitharaman on January 29 tabled the Economic Survey Report 2021 in the Parliament. The Economic Survey […]

Budget 2021 | Representative image: Moneycontrol.com Ahead of the Budget presentation on February 1, let’s take a look at what the middle-class people expect from the Budget. Middle-class citizens expect some key reforms and regulatory changes in various sectors and segments such as healthcare, taxation, infrastructure and agriculture. Healthcare The COVID-19 pandemic has put the spotlight on healthcare-related […]

Representative image (PC- MoneyControl.Com) One of the vital themes of the Economic Survey 2020-21 presented on January 29 was a big push in public spending in the budget. The government should not worry about debt or be fiscally conservative at a time of global slowdown, the survey advocated. It did so by making a case for […]

Representative image Government welfare schemes can help India achieve the Sustainable Development Goals of reducing poverty, improving access to drinking water, sanitation and housing by 2030, said the Economic Survey 2021 released on January 29. Seventeen SDGs, including elimination of poverty and hunger, universal access to drinkable water, sanitation, and healthcare, among others, were adopted […]

Former RBI Governor Raghuram Rajan. What is at the root of India’s bad loan problem? The Economic Survey 2020-21 responds to this in a no-holds-barred manner. Shorn of jargon, it pins the blame on “accounting sleight of hand” that the Reserve Bank of India (RBI) allowed around 2013-16, broadly coinciding with the time Raghuram Rajan was […]

India’s services export growth moderated to 2.5 percent in 2019-20 from 6.6 percent in 2018-19 as receipts primarily on account of transportation, insurance and communication services The survey also argued that India’s sovereign credit ratings did not reflect its true fundamentals. Despite the disruptions globally, foreign direct investment (FDI) inflows into India’s services sector grew […]

Economic Survey 2020-21 said that the tourism sector in India had seen a sharp fall in 2020 due to the coronavirus outbreak. The survey, drafted by Chief Economic Advisor Krishnamurthy Subramanian and his team, said that the sector had undergone a slowdown in 2018 and 2019 before declining sharply in 2020. “The COVID-19 pandemic has […]

The Survey endeavours to provide the intellectual anchor for the government to be more relaxed about debt and fiscal spending during a growth slowdown or an economic crisis. Budget 2021 | Representative image: Moneycontrol.com The Economic Survey 2021, released on January 29, called for a “more active, counter-cyclical fiscal policy”. “While acknowledging the counterargument from […]

The recommendation would likely be a part of its final report to be tabled in Parliament during the Budget session today Representative image The 15th Finance Commission (FC) is expected to recommend special incentives for states performing “exceedingly well” in agricultural exports, with an aim to push the sector to $ 60 billion by 2022. […]

Finance minister Nirmala Sitharaman in budget 2020 had announced the launch of a new personal income tax regime which can help the middle-class save taxes and also scrapped dividend distribution tax (DDT) with a slew of measures to boost the Indian economy suffering from a slowdown. Budget 2020 was also the longest budget speech by any […]

Economy The Economic Survey for 2020-21 is set to be tabled in Parliament on January 29, ahead of the upcoming Budget presentation. The report is prepared by the Economics Division of the Department of Economic Affairs (DEA) under the guidance of the Chief Economic Advisor (CEA). Finance Minister Nirmala Sitharaman will present the report in […]

Across Rajasthan, the price of petrol is above Rs 93 and diesel more than Rs 85 per litre. Representative image (Source: Reuters) The cost of premium petrol has reached Rs 101.80 per litre with a hike of 38 paise in Sri Ganganagar, Rajasthan. The petrol price has increased to reach Rs 93.86 per litre and […]

Gold India’s gold demand dropped by over a third in 2020 settling at 446.4 tonne on the back of pandemic-induced lockdowns and lifetime high prices, but a rebound this year is most likely, as normalcy returns and steady course of reforms strengthen the industry, according to the World Gold Council (WGC). India’s gold demand fell by 35.34 […]