Author: Economy

Rates had already crossed Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra and with the latest increase, price in Mumbai too was inching towards that level. PTI May 16, 2021 / 12:42 PM IST Petrol price on Sunday was increased by 24 paise per litre and diesel by 27 paise, pushing rates […]

Petrol price on May 16 was increased by 24 paise per litre and diesel by 27 paise, pushing rates across the country to record highs. In several cities, Petrol prices crossed the Rs 100 per litre mark. This was the ninth hike in 13 days, making petrol costlier by ?2.18 and diesel by ?2.49 a litre in less […]

At any given time the market will be pulled up or down by positive and negative triggers. That’s why markets are volatile. When the positive triggers are dominant a bullish trend will be formed, and when the negative triggers weigh over positives, markets will turn structurally bearish. Even though long-term trends are established by GDP […]

After more than a year of low growth, contraction and slight increases, India’s industrial output has shot up in March by rising a stellar 22.4 percent. However, the assuring figures remain just on paper. Now, economists warn that while growth figures may seem massive going forward, they will not be an accurate depiction of the […]

The second wave of COVID-19 is far more severe compared to the first wave. The average daily cases are touching approximately 4 lakh a day whereas only 2.5 percent of the population is vaccinated till now. Vaccine manufacturers are expected to increase production in the coming days as the US has relaxed restrictions on the export of […]

India received over USD83 billion in remittances in 2020, a drop of just 0.2 per cent from the previous year, despite a pandemic that devastated the world economy, according to a World Bank report. China, which received USD59.5 billion in remittances in 2020 against USD68.3 billion the previous year, is a distant second in terms […]

In this episode of Future Wise, Moneycontrol’s M Saraswathy talks to Dr Bala Prabhakar, Dean, Shobhaben Pratapbhai Patel School of Pharmacy & Technology Management, NMIMS about the rising need for pharmacy professionals amidst the pandemic The Coronavirus outbreak has made healthcare sector and allied skills as a priority. With the second wave of COVID-19 in […]

Consumer Price Index-based inflation (CPI) for April, 2021 came in at 4.29 percent, the lowest in three months, compared with 5.52 percent in March and is well within the Monetary Policy Committee’s medium-term inflation target range of 4 (+/-2 per cent), official data showed on May 12. This is the fifth consecutive month that CPI inflation […]

In early 2020, persuasion, communication and self confidence were possibly seen as vital soft skills in corporate jobs. What a difference a few months make. The one key soft skill that employees want now is email productivity. This involves using folders, checking emails every hour and responding to urgent needs on one hand while also […]

India’s April fuel demand slipped from the previous month as the world’s third largest oil consumer bore the brunt of raging coronavirus infections, with the prospect of further restrictions weighing on the outlook. Consumption of fuel, a proxy for oil demand, fell 9.4% to 17.01 million tonnes from March, data from the Petroleum Planning and […]

Representative image Key economic data on industrial output and inflation to be released for April and May will not be as incomplete as the same period last year since there is no national lockdown this time and economic activity is sustaining, former Chief Statistician Pronab Sen told Moneycontrol. However, data which cannot be gathered over […]

Representative image Key economic data on industrial output and inflation to be released for April and May will not be as incomplete as the same period last year since there is no national lockdown this time and economic activity is sustaining, former Chief Statistician Pronab Sen told Moneycontrol. However, data which cannot be gathered over […]

Nirmala sitaraman The finance ministry on Monday said provisioning Rs 35,000 crore-expenditure for vaccines in the Union Budget for FY22 under the title “Transfers to States” does in no way inhibit the central government from using the funds to buy COVID-19 shots. The amount of Rs 35,000 crore provided in the Union Budget for fiscal […]

The Reserve Bank of India (RBI) rolled out last Wednesday a slew of measures including a loan restructuring scheme to help lenders tide over mounting bad loans and give some borrowers more time for debt repayment. Reuters May 10, 2021 / 10:33 AM IST M Narasimham, former Governor of the Reserve Bank of India (RBI) […]

PM Narendra Modi’ “The emergence of India in world affairs,” Prime Minister Jawaharlal Nehru told the Constituent Assembly in March, 1949, “is something of major consequence in world history. We, who happen to be in the Government of India or in this House, are men of relatively small stature. But it has been given to […]

Source: Reuters Reserve Bank’s Rs 50,000-crore liquidity window can help augment the bed capacity at hospitals by up to 20 per cent as credit will be available at cheaper costs, credit ratings agency Crisil said on Friday. The window to banks under priority-sector lending to augment COVID-19 healthcare infrastructure will help raise treatment capacity, and […]

The rating agency, however, said the second wave should not hit the economy as hard as the first wave did in the April-June quarter of the 2020/21. Reuters May 07, 2021 / 03:28 PM IST Source: Reuters S&P Global Ratings said on Friday its outlook on India’s sovereign debt remained stable, even though surging COVID-19 […]

Self-employed persons were one of the sections that were hit the hardest by the COVID-19 lockdown in 2020. Data from the State of Working India 2021 report by Azim Premji University showed that between September 2019 and September 2020, there was a reduction of 18 percent in monthly earnings for this category. This was due […]

(Image: News18 Creative) The second coronavirus wave poses a downside risk to economic activity in the April-June quarter but a “muted” impact was expected compared to the first wave, the finance ministry has said in its monthly economic report for April. “The second wave of COVID-19 has posed a downside risk to economic activity in the first […]

India is likely to breach its fiscal deficit target in the financial year to March 2022 mainly due to revenue shortfall, Fitch Solutions said Friday. The government is targeting a deficit between revenue it earns and what it spends at 6.8 per cent of the gross domestic product (GDP) in FY22 (April 2021 to March […]