Economy News

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

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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

Global cues subdue equity markets; Metal and oil stocks fall

Thursday's pre-noon trading session saw India's benchmark stock indices rise. Metal and oil and gas stocks were among the sectors that suffered losses.

May 20, 2021

India needs its own cryptocurrency unicorns, suggest experts

India is no longer a niche market, but rather a rapidly expanding financial market. India requires its own cryptocurrency unicorns.

May 15, 2021

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Gold demand may be subdued this 'Akshaya Tritiya' due to Covid impact

The second wave of coronavirus has put the Akshaya Tritiya festival in 2021 in uncertainty, and gold demand has fallen as a result of the lockdown in many states.

May 14, 2021

UN forecast: India's economy to grow 7.5% in 2021, but warns situation 'fragile' due to Covid second wave

For recovery, access to Covid-19 vaccine is critical but in India "access to vaccines is unequal and insufficient to meet the massive demand," said the UN report

May 12, 2021

Sensex falls by 500 points; banking, metal stocks in red; Covid impact vivid

Sensex has fallen, Kotak Mahindra Bank and Tech Mahindra see major loss as the Covid impact glares at the Indian markets now.

May 11, 2021

MFI delinquencies to increase by June: Acuite Ratings

The second wave of corona has hit micro finance institutions. it has affected both urban and local cities.

May 10, 2021

Fuel prices start rising again, petrol up 26p, diesel 32p/ltr

states across India see the hike in petrol price on Monday, few states have crossed the Rupees 100per ltr