Author: Economy

An order issued by the systems wing of the department on Wednesday said the “transition” from the old portal — www.incometaxindiaefiling.gov.in — to the new –www.incometaxgov.in — will be completed and made operational from June 7. PTI May 20, 2021 / 12:57 PM IST The existing web portal will be shut for six days between […]

Mangalore Chemicals & Fertilizers | The company reported lower profit at Rs 14.72 crore in Q4FY21 against Rs 23.87 crore in Q4FY20, revenue rose to Rs 598.4 crore from Rs 563.2 YoY. The union government has decided to increase the fertilizer subsidy outlay for the year by 14,775 crore, after a meeting chaired by Prime […]

Kumar also noted that the government has issued health insurance to 500 million people under Ayushman Bharat. “We have created so much infra but yet it is short, this (the central vista project) is politicised,” he said. Rajiv Kumar, Vice-Chairman of NITI Aayog. NITI Ayog Vice Chairman Rajiv Kumar, in an interview with CNN News18,  said […]

Mangalore Chemicals & Fertilizers | The company reported lower profit at Rs 14.72 crore in Q4FY21 against Rs 23.87 crore in Q4FY20, revenue rose to Rs 598.4 crore from Rs 563.2 YoY. The union government has decided to increase the fertilizer subsidy outlay for the year by 14,775 crore, after a meeting chaired by Prime […]

The government had in April waived customs duty on import of medical oxygen and some oxygen-related equipment such as cylinders, concentrators, and storage tanks, effective for a period of three months. Oxygen concentrator (Representational image) The Centre is mulling permitting duty free import of components used in the manufacture of oxygen concentrators, and including conentrators […]

Kerala Chief Minister Pinarayi Vijayan hails from Kannur, in the north of the state. Kannur is known for circus and football. However, it seems Vijayan loves cricket more than football, and likes to be the ‘Captain’ who selects his team and decides their fielding positions. This is reflected in the ministers’ selection in Pinarayi 2.0, […]

Economy India, China and South Africa have fared “relatively better” than other major economies in imports and exports in the first quarter of this year, according to the latest UN data which said that global trade recovery from the COVID-19 crisis hit a record high during in the same period. The Global Trade Update by […]

Oil marketing companies (OMCs) hiked fuel prices across metropolitan cities on May 4. Wholesale price Index (WPI)-based inflation, which in April touched an 11-year high of 10.49 percent, is expected to remain high in the coming months due to a low-base effect and sustained high commodity prices. However, since overall growth in the Indian economy […]

The Centre, in March 2020, permitted EPF subscribers to withdraw 75 percent of their PF balance or three-month wages, whichever is lower, as a non-refundable advance. [Representative image] Since April 1, 2020, more than 35 million workers in the formal sector have withdrawn money from their retirement savings, or provident fund (PF) accounts, indicating the […]

As the lockdowns persist and get stricter in some places, the fall in activity is likely to persist. Image: Reuters] Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or […]

India’s economy will do well once vaccination reaches a critical mass as pent up demand, global recovery and easy financial conditions will boost activities, RBI’s Monetary Policy Committee (MPC) member Ashima Goyal said on Tuesday. As India battles a “fearsome” second COVID wave, she also said the damage to the economy due to lockdowns is […]

Central bankers managed the needs of the economy with their kid gloves on. The fear of rising inflation spooked markets across the globe last week. When easy money was finding its way into the asset markets and driving up prices across both bonds and equities, no investor worried about inflation. Central bankers managed the needs […]

Central bankers managed the needs of the economy with their kid gloves on. The fear of rising inflation spooked markets across the globe last week. When easy money was finding its way into the asset markets and driving up prices across both bonds and equities, no investor worried about inflation. Central bankers managed the needs […]

Representative image Employment in the non-financial service sector fell 8 percent in the pandemic-hit 2020-21 after a steady rise for four years, while jobs in real estate and construction contracted by 11.8 percent, continuing the decline since 2016-17, according to Ashoka University’s Centre for Economic Data and Analysis. In a report published earlier this month, […]

Representative image The biggest toll of the second COVID-19 wave is in terms of a “demand shock”, the Reserve Bank of India (RBI) said on May 17. The resurgence of coronavirus has “dented but not debilitated” economic activity in the first half of first quarter of financial year 2021-22, the central bank said in its monthly bulletin. […]

Gasoline and diesel sales over May 1-15 fell by about 20%, while jet fuel consumption slumped by nearly 38%, versus April 1-15 levels, the data compiled by the state refiners showed. Reuters May 17, 2021 / 12:58 PM IST Rates had already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra […]