Q4 GDP expansion to be slow-paced, feel economists

This marks a contrast to the improvement in sentiment brought on by the rollout of the Covid-19 vaccine with a handful assessing the ongoing recovery to be fragile in the absence of investments.

published on : 24th February 2021

India's GDP may turn positive at 1.3 per cent in December quarter: Report

The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday.

published on : 23rd February 2021

Right Now... at the Financial Markets in india

Right now, the RBI continues to display a marked preference for low interest rates. An unwanted fallout of this over the past couple of years has been on retired people dependent on FD.

published on : 22nd February 2021

Bihar has better economic growth rate than national average, says Deputy CM

Tar Kishore Prasad said this while presenting the Bihar Economic Survey Report 2020-21 during the first day of the Legislative Assembly session

published on : 20th February 2021

IT sector revenue to hit USD 194 billion this fiscal year

India’s IT services sector is likely to achieve revenues of $194 billion in FY21, nearly 8 per cent of the country’s GDP, believes industry body Nasscom.

published on : 16th February 2021

States' fiscal deficit to narrow to 4.3 per cent of GDP in FY22: Report

The agency now estimates the aggregate revenue deficit to come in at 3.2 per cent, higher than the earlier forecast of 2.8 per cent of GDP in FY21.

published on : 15th February 2021

Expectations of GDP growth in Q3, Q4 becoming strong: PHDCCI

The Indian economy shrunk by a record 23.9 per cent in June quarter and saw a contraction of 7.5 per cent in second quarter.

published on : 13th February 2021

UK economy shrinks record 9.9 per cent in 2020 on COVID-19 'shock'

Finance minister Rishi Sunak said the economy had suffered a "serious shock" from the Covid-19 global health crisis, despite the data showing second-half growth.

published on : 12th February 2021

Indian economy to contract by 7 per cent in FY21: SBI Research

In April-June, the Indian economy contracted by a record 23.9 per cent, but dramatically improved to -7.5 per cent in the second quarter.

published on : 10th February 2021

Government aims to raise MSMEs' share in GDP to 40 per cent: Union minister Nitin Gadkari

An official statement said that he called for lasting and transformative changes at the village level, through innovative, research-based technology specially adapted for rural areas.

published on : 7th February 2021

New headache for Modi government? India’s tax collection shortfall pegged at Rs 10 lakh crore

Analysing the structural tax gap in India, the 15th Finance Commission pegged the shortfall in tax collections to be over 5% of GDP as against its potential.

published on : 3rd February 2021

Govt pegs fiscal deficit at 6.8 per cent of GDP in FY22

For the current fiscal year, the government had earlier pegged the fiscal deficit of 3.5 per cent.

published on : 1st February 2021

Economic Survey: Sovereign credit ratings don’t reflect reality

The survey highlighted how rating agencies have rated India much below expectation on several parameters including GDP growth, general government debt and inflation over a period of two decades.

published on : 30th January 2021

Global public debt likely to touch 98 pc of GDP in 2020 amid COVID crisis: IMF

 Vitor Gaspar, Director of the IMF's Fiscal Affairs Department said that the government revenue declined everywhere, public debt jumped up to 98 per cent compared with 84 per cent before COVID-19.

published on : 28th January 2021

Congress leader Rahul Gandhi slams Modi govt for 'ruining' country's economy

He has been actively criticising the ruling government over the issues of economy and employment in the country.

published on : 28th January 2021
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