Economy News

GST council slashes rates on Covid items; Vaccine remains taxed at 5%

On Saturday, the GST Council resolved to reduce the rates of many Covid-relief items from 12 to 18 percent to 5%. The council agreed to follow the recommendations of the Group of Ministers, according to Finance Minister Nirmala Sitharaman

Jun 12, 2021

European firms rushing to invest in China after Covid pandemic [Details]

European businesses have seen higher margin in China than globally and are increasing investment in the country following its quick recovery from the Covid-19 pandemic last year, according to a report.

Jun 9, 2021

Franklin Templeton APAC head Vivek Kudva may appeal against SEBI ban

After the Securities and Exchange Board of India (SEBI) imposed a one-year suspension on Vivek Kudva, the Head of Asia Pacific Distribution for Franklin Templeton, he is considering appealing the ruling to the Securities Appellate Tribunal (SAT).

Jun 8, 2021

Neglecting inflation leaves global economies sitting on a time bomb: Report

According to Deutsche Bank, if the Federal Reserve maintains its current policy position of keeping interest rates steady, inflation will rebound. "Inflation will reappear in 2023, though it may take a year longer," predicts economist David Folkerts-Landau.

Jun 8, 2021

Covid Casualty: India's YoY FY21 GDP records -7.3%

India's economy was severely battered by Covid-induced instability in the last fiscal year, with its growth rate plummeting to Minus -7.3 per cent.

Jun 1, 2021

No stimulus but more Covid exemptions in GST announced by FM

According to the finance minister at the GST council, no final decision has been made on a fresh stimulus plan to boost the economy amid the pandemic.

May 29, 2021

GST Council extends compliance relief for taxpayers

The GST Council's 43rd meeting continued to provide relief to taxpayers, particularly small taxpayers, who have been disproportionately impacted by the Covid outbreak's second wave. For taxpayers with an annual income of up to Rs 2 crore, FY 2020-21 will be optional.

May 29, 2021

Equity indices in green, metal stocks fall

On Wednesday, Indian equity indices were in the green, but a drop in metal stocks capped the gains. Titan Company and Sun Pharmaceutical Industries were the top gainers on the Sensex, while Power Grid, Tata Steel, and HDFC Bank were the top losers.

May 26, 2021

BSE Sensex oil india bonus issue results q2 grm price bpcl hpcl iocl price oil import

Sensex remains resilient as 2nd Covid wave is on fall

Despite the corona virus outbreaks, the stock market has remained relatively unchanged. There has been a decline in the number of Covid-19 cases recorded on a regular basis, indicating resilience.

May 25, 2021

Search for remote jobs soars to nearly 1,000% in April amid lockdown: Report

As companies make the transition to digital amid the pandemic, Indians working from home, looking for "remote jobs" increased by 96.6% in April 2021, according to Indeed data, with Bengaluru topping the list with 16%.

May 24, 2021

India's consumer confidence worsens in May

Consumer trust in India fell further in May as a result of the extreme Covid crisis and the resulting state-wide lockdowns. The government's priority right now is to contain the virus and save lives, so trust in employment and the economy has taken a hit.

May 22, 2021