Author: Economy

Representative image (Source: Reuters) Petrol and diesel prices on Thursday were hiked by 25 paise per litre each, the second straight day of increase in rates that took the prices to new highs. Petrol now costs Rs 84.70 per litre in Delhi and diesel is priced at Rs 74.88, according to a price notification from […]

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Having fired up hopes for populist measures with talk of delivering a “budget like never before”, Finance Minister Nirmala Sitharaman will need to find credible sources for additional revenue from a pandemic sickened economy. Government borrowing is already bumping against the ceiling, revenues are severely dampened and the fiscal deficit is expected to have ballooned […]

US President-elect Joe Biden speaks about the COVID-19 pandemic during an event at The Queen theater on January 14, 2021, in Wilmington, Delaware. (Image: AP Photo/Matt Slocum) President-elect Joe Biden unveiled a $ 1.9 trillion coronavirus plan on January 14 to end “a crisis of deep human suffering” by speeding up vaccines and pumping out […]

The Consumer Price Index (CPI)-based inflation for December came in at 4.59 percent, primarily due to a fall in food inflation. India’s consumer price index (CPI) inflation cooled in December 2020 as prices of kitchen staples eased, and would have been much lower but for a rise in retail prices of rice, pulses and cooking […]

Experts feel that “signals” would be clearer post the upcoming Budget 2021 A sovereign rate cut may not be needed, given the high level of government debt. But, the country will require a “credible debt management roadmap”, experts told the Business Standard. Experts have said the debt to gross domestic product (GDP) ratio is likely […]

The year 2020 began on a note of extreme uncertainty due to COVID and ended on a note of ‘Renewed Optimism’ of a strong recovery. The narrative for the year was largely dominated by COVID-19 and the divergence that ensued between the real economy and financial markets. However, towards the end of the calendar, the […]