Author: Economy

The key focus of the central bank on the liquidity front over the last year has been to ensure that the government’s borrowing program goes through without causing disruption. The Monetary Policy Committee (MPC) expectedly kept the key rates unchanged and reiterated its ‘accommodative’ stance both on rates and liquidity. However, considering the new evolving […]

This dovish policy by the RBI came at the right time since concerns about the second wave of the coronavirus outbreak are mounting. VK Vijayakumar April 08, 2021 / 02:47 PM IST RBI | Representative image. (Source: Reuters) Monetary policy management involves managing many contradictions. Pursuit of growth can be inflationary and focusing on price […]

World Bank President David Malpass (Image: Reuters) There is now a faster global growth driven primarily by the US, China and India, World Bank president David Malpass has said even as he expressed concern over growing inequality due to the COVID-19 pandemic. He said here is also the concern of inequality in terms of vaccinations […]

Earlier, dividend income up to Rs 10 lakh was exempt from tax under Section 10(34). Taxpayers were required to show such income under the exempt income section. the government introduced a new concessional tax regime in FY20 The tax department said no significant changes were made this year due to the coronavirus pandemic while notifying […]

GDP India’s debt-to-GDP ratio increased from 74 percent to 90 percent during the COVID-19 pandemic, the International Monetary Fund has said, noting that it expects this to drop down to 80 percent as a result of the country’s economic recovery. Paolo Mauro, Deputy Director, IMF’s Fiscal Affairs Department told reporters at a news conference here […]

We have compiled the current fixed deposit interest rates of top lenders in India. SBI FD interest rates are applicable with effect from January 8 ‘); $ (‘#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”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url […]

The Reserve Bank of India (RBI) | Representative image (Image via Shutterstock) The Reserve Bank of India (RBI), on April 7, said the retail inflation is likely to be at 5 percent in Q4 FY21, against 5.2 percent forecast earlier. RBI Governor Shaktikanta Das said that Consumer Price Index (CPI) inflation trajectory is likely to be […]

Reserve Bank of India (RBI) Governor Shaktikanta Das The RBI Monetary Policy Committee (MPC) on April 7 kept the key policy rates unchanged at 4 percent indicating that a status-quo will desirable at this juncture when the growth-inflation scenario remains uncertain. Click here for LIVE updates on RBI MPC Here are key updates from RBI […]

RBI Governor Shaktikanta Das The monetary policy committee (MPC), on April 7, retained the key policy rates unchanged indicating that a status-quo will be desirable at this juncture when the growth-inflation scenario remains uncertain. The rate-setting panel also cautioned about the threats emerging from a persisting high inflation and suggested that it will await more […]

The Monetary Policy Committee (MPC) on April 7 unanimously voted for holding the interest rates and kept the accommodative stance & liquidity flow intact to support the economic growth as long as necessary given the rising COVID-19 infections, which has taken the equity and bond markets positively, experts feel. The repo rate and reverse repo […]

The IMF report predicted that the US will be the second biggest contributor to global growth, followed by India, Japan and Germany. China will drive global economic growth in the post-pandemic years, Bloomberg said in a report citing an International Monetary Fund (IMF) report. China’s contribution will be more than one-fifth of the total increase in the […]

Pradhan Mantri MUDRA Yojana (PMMY) was launched by Prime Minister Narendra Modi on April 8, 2015 to promote entrepreneurship. PTI April 07, 2021 / 02:51 PM IST Rupee The Finance Ministry on Wednesday said banks and financial institutions have sanctioned Rs 14.96 lakh crore to over 28.68 crore beneficiaries in the last six years. Pradhan […]

Now, payment banks customers can keep a balance of up to Rs 2 lakh Reserve Bank of India (RBI) Governor Shaktikanta Das. The Reserve Bank of India (RBI) on April 7 announced that small payments bank can now allow individual customers to keep a balance of up to 2 lakh. “With a view to furthering the […]

The sense of déjà vu is inescapable. Just like the beginning of the last financial year in April 2020, this month brings with it an increasing number of new COVID-19 cases. And while a nationwide lockdown is ruled out for now, simply because of the damage that might do to the economy, localised curfews and […]

Citing a “thirty-year race to the bottom” in which countries have slashed corporate tax rates in an effort to attract multinational businesses, Yellen said the Biden administration would work with other advanced economies in the G20 to set a minimum. Associated Press April 05, 2021 / 09:05 PM IST AP US Treasury Secretary Janet Yellen […]

Union Finance Ministry. (PC-PTI) The Indian economy is more resilient and better poised to deal with the second wave of Covid-19 pandemic, the Finance Ministry’s Department of Economic Affairs said in its monthly economic report for March. “After battling a historic pandemic in FY 2020-21, the Indian economy is poised to build back better and […]

No business can survive if they continue to bleed for 12 months and this is what multiplexes and single screens are going through now, say market experts. ‘); $ (‘#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”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; […]

RBI Governor Shaktikanta Das-headed rate-setting panel MPC started its three-day deliberation on the next monetary policy on Monday amid sudden surge in COVID-19 cases and the government’s recent mandate asking the central bank to keep retail inflation around 4 per cent. The Reserve Bank will announce the resolution of the Monetary Policy Committee (MPC) on […]

While presenting the Union Budget 2021 on February 1, Union Finance Minister Nirmala Sitharaman had announced certain income tax rule change which came into effect from April 1. Here’s a look at these new income tax rules: Decreased tenure for filing belated ITR or revised ITR: You can file ITR by March 31 with late fee if […]