Economy News

India's Q2FY21 GDP contracts 7.5%, technical recession confirmed | All you need to know

Even though India's economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country, for the very first time since Independence, entered into a technical recession.

Nov 28, 2020

Fifteen Asia-Pacific countries sign world's biggest free trade deal, India opts out; here's why

Asia Pacific nations including China, Japan and South Korea on Sunday signed the world's largest regional free-trade agreement, encompassing nearly a third of the world's population and gross domestic product.

Nov 15, 2020

Indian Economy has entered first-ever technical recession [what it means]

Indian Economy is going through its toughest phase as the GDP numbers are tumbling due to severe lockdown. Scroll down to know more.

Nov 12, 2020

Rupee at over two-month low as early results show tight US vote

The Indian rupee weakened to its lowest level since late August on Wednesday, tracking a decline in other emerging market currencies, after the dollar pared losses as early results in the U.S. presidential election showed a very tight race.

Nov 4, 2020

'GDP' out of control of government; Congress attacks BJP

The Congress alleged that the inflation rate for vegetables was 22.71 per cent and for pulses and others, 13.69 per cent.

Nov 2, 2020

India's finance minister paints grim picture of economic growth in FY21

Finance Minister Nirmala Sitharaman also noted that signs of revival are visible now and India would be among the fastest-growing nations in the next fiscal.

Oct 28, 2020

Jeff Bezos vs Mukesh Ambani: Battle royale for India's retail crown

The arbitration proceedings between Amazon and Kishore Biyani have begun in Singapore. Former Attorney General of Singapore, V.K. Rajah concluded arbitration hearing on Friday, October 16 and will deliver his ruling on or before Monday, October 26, sources said.

Oct 20, 2020

Bangladesh about to overtake India's per capita GDP in 2020: IMF

As per the IMF's prediction, these figures would make India South Asia's third poorest region, with only Pakistan and Nepal reporting lower GDP per capita

Oct 14, 2020

From thinking about the next new normal to making it work: Outbound Midst The Pandemic

I strongly believe that Dubai and Maldives will lead the path for re-starting Indian outbound travel, especially with IPL posing as an enormous opportunity to pace tourism activities

Oct 13, 2020

LTC cash voucher, Rs 10,000 festival advance: How central govt employees benefit | Details inside

The LTC Cash Voucher and Special Festival Advance Transfer are aimed at offering cash benefits to central government employees during the on-going festive season.

Oct 12, 2020

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'Don't levy GST on auto, realty, hospitality for 6 months': PwC report

As the pandemic has severely hit businesses and more so in the case of automobiles, hospitality and real estate sectors, a PwC report has suggested the suspension of Goods and Services Tax (GST) on these sectors for a minimum of six months.

Oct 11, 2020

RBI leaves repo rate unchanged at 4%, annual GDP may shrink 9.5%

The Reserve Bank of India's MPC has decided to keep key rates unchanged while maintaining an accommodative stance. RBI also said that it expects India's real GDP to contract by over 9 per cent for the current fiscal year.

Oct 9, 2020

India Inc expects steady recovery in Oct-Mar FY21: CII CEOs Poll

The business fraternity expects a steady recovery in the Indian economy during the second half of the financial year 2020-21, shows a poll of CEOs done by CII.

Oct 5, 2020

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Unbelievable: Mukesh Ambani got richer by ₹1.5 crore every minute since lockdown began

Mukesh Ambani has topped the Hurun India Rich list for the ninth consecutive year.

Sep 30, 2020

Halted Metro trains cost India dearly; nearly Rs 2,000 Cr lost to lockdowns

The losses for Delhi metro alone run to a whopping Rs 1609 crore due to COVID-19 induced lockdown.

Sep 20, 2020

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