Author: Economy

mjunction — a joint venture between Tata Steel and SAIL — is a B2B e-commerce company and also publishes research reports on coal and steel verticals. PTI May 02, 2021 / 10:43 AM IST A tug boat pulls a coal barge along the Mahakam River in Samarinda, Indonesia, March 2, 2016. REUTERS/Beawiharta/File Photo India’s coal […]

Taxpayers with a turnover of over Rs 5 crore have been given 15 days extra time to file monthly summary return GSTR-3B and pay taxes without paying any late fees. PTI May 02, 2021 / 11:40 AM IST The Chhattisgarh government has ordered 90,000 remdesivir injections from Mylan Laboratories, worth Rs 14.11 crore. The government […]

Snapping their six-month buying spree, foreign investors turned net sellers in April and pulled out Rs 9,659 crore from Indian equities, spooked by the intense second wave of coronavirus and its fallout on the economy. If the fears of COVID-19 increases among foreign investors, we can witness further redemptions, which can result in some more […]

Indian firms had raised USD 7.44 billion from the foreign market in the same period a year ago. PTI May 02, 2021 / 01:06 PM IST India Inc’s external commercial borrowings jumped by over 24 per cent to USD 9.23 billion in March this year, RBI data showed. Indian firms had raised USD 7.44 billion […]

Representative image. Experts from the fields of investment management and banking have stressed the potential of India to provide good returns on investment for foreign capital and called on US investors to tap into the opportunities here. Speaking at the Indo-US Partnership Vision Summit 2021 organised by the IMC Chamber of Commerce and Industry, experts said […]

Representative Image Led by a low base effect, the combined output of the eight core sector industries rose by a 32-month high pace of 6.8 percent in March, as compared to a year ago. In the previous month of February, output had fallen at the fastest pace in six months, contracting 3.8 percent. However, despite the […]

The Finance Ministry on April 30 said it would provide Rs 15,000 crore worth of long-term loans to states for their capital expenditure needs. This would include around Rs 5,000 crore for incentivising states to carry out monetisation of their idle assets and divest their companies, an official statement said. “The Ministry of Finance has […]

If the second wave of COVID-19 extends beyond May-end, the hit on economy and corporate earnings could be worrying, experts say. They name 14 stocks with strong fundamentals to look at for long term Economy ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); […]

Total global spending on COVID-19 vaccines is projected to reach $ 157 billion by 2025, driven by mass vaccination programs underway and “booster shots” expected every two years, according to a report by US health data company IQVIA Holdings Inc released on Thursday. IQVIA, which provides data and analytics for the healthcare industry, said it […]

Finance Secretary TV Somanathan. There is said to be a perceptible difference regarding the relationship between Prime Minister Narendra Modi and his top bureaucrats now compared to his first term in office. If various reports are to be believed, he has pulled up officials on multiple occasions in the past year. The latest dressing down apparently was regarding […]

India”s gold demand recovered during the January-March period to witness a growth of 37 per cent at 140 tonne compared to the same quarter of 2020, due to ease of COVID-related restrictions, pent up demand and softening of prices of the yellow metal, according to the World Gold Council (WGC). The overall gold demand stood […]

EPF withdrawal, tranfer of EPF account, know-your- customer (KYC) among others issues related complaints can be filed through this website. ‘EPF I Grievance Management System’ is a dedicated website of the Employees’ Provident Fund Organisation (EPFO) where EPF account holders can file their complaints. EPF withdrawal, transfer of EPF account, know-your- customer (KYC) among others […]

Chennai Super Kings (Image: IPL, BCCI) There’s a growing chorus for boycotting the Indian Premier League (IPL). The reasons for such calls are hazy at best. Through his tweet former Australian cricketer Adam Gilchrist asked if it was appropriate for IPL to continue and if it served as an important distraction. A media house found […]

Roubini, known as Dr Doom, accurately predicted the 2008 financial meltdown two years before the Lehman Brothers crashed Nouriel Roubini, an economist known as “Dr Doom” for his pessimistic market views, said that excessive fiscal stimulus by central banks around the world could lead to stagflation, a situation where there is high inflation alongside a recession. […]

India Ratings and Research on Friday revised down India’s FY22 real GDP growth forecast to 10.1 per cent, from earlier projection of 10.4 per cent, citing the second wave of COVID-19 infections and slower pace of vaccination. At a time when large parts of the country are experiencing tremendous pressure on medical infrastructure, the agency […]

The government has received several representations from representations, including from MSMEs, seeking an extension of up to three months for tax compliance. tax (Image: Moneycontrol) The Centre is examining proposals to extend compliance timelines for income tax and goods and services tax (GST) to provide relief to businesses during the second COVID-19 wave. The government […]

“I do think given the predictions that are being made by many epidemiological researchers that the pandemic (peak) should not extend beyond May, based on that we have done some internal assessments. I think that the impact actually may not be very large (on the economy),” he said. PTI April 23, 2021 / 07:53 AM […]

Source: Reuters The number of Americans applying for unemployment aid fell last week to 547,000, a new low since the pandemic struck and a further encouraging sign that layoffs are slowing on the strength of an improving job market. The Labor Department said on Thursday that applications declined 39,000 from a revised 586,000 a week […]

S&P Global Ratings on Thursday said the Indian economy is projected to grow at 11 per cent in the current fiscal, but flagged the “substantial” impact of broader lockdowns on the economy. In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy. New infections have […]