Economy News

After merger, Sony to have majority stake in ZEE Entertainment

SPNI infusing growth capital of about $1.575 billion into the newly merged entity

Sep 22, 2021

Deadline for PAN-Aadhaar linkage extended till March 2022; How to link PAN with Aadhaar Card [Explainer]

The Income-Tax department will charge a fine of Rs 10,000 in case of failure to link the PAN card with the Aadhaar card before the deadline that is extended till March 2022 now

Sep 18, 2021

GST Council Meeting: Majority opposed inclusion of petrol under GST, says FM [Full List of New Decisions]

GST Council members did not find the current stage as apt to bring petroleum products under the GST ambit, said Finance Minister

Sep 17, 2021

GST Council meeting today to decide bringing fuel prices under its tax net

GST Council to take steps to correct inverted duty structure without pursuing any increase in the GST rates or move towards converging GST to three rate structure

Sep 17, 2021

K'taka faces Rs.700 Cr deficit if petrol and diesel brough under GST, may oppose move

If petrol and diesel are brought under GST, Karnataka would face a revenue deficit up to Rs 700 crore.

Sep 16, 2021

india forex reserves, fii buying, rbi data on foreign exchange reserves, fii debt buying, fii equity buying, indian stock markets, foreign investors in indian stock markets, pm modi, modi govt completes 3 years

India's forex reserves up by over $8 bn; FDIs, healthy portfolio investments cited

India's forex reserves up by over $8 bn to reach $642.453 billion from $633.558 billion reported for the week ended August 27.

Sep 11, 2021

El Salvador adopts Bitcoin as official currency; Becomes 1st country to embrace cryptocurrency

El Salvador will accept payment in bitcoin alongside the US dollar, which has been El Salvador's official currency since 2001

Sep 8, 2021

Airport commissions second solar power plant.

Adani Green Energy raises $750 mn; to ramp up focus on ESG

Adani Green Energy Ltd (AGEL), Indias largest renewable energy company, has priced its maiden ListCo senior issuance of USD 750m through a 3 year issuance under the 144A/Reg S format, at a fixed coupon of 4.375%.

Sep 3, 2021

India's ICI Index up at 9.4% in July; Production growth expected to gain momentum in 2021

The Index of Eight Core Industries (ICI) readings for the month of July showed an expansion of 9.4 per cent from a decline of 7.6 per cent in July last year

Sep 1, 2021

Privatisation Move: Under-utilised assets to be monetised under NMP, says Nirmala Sitharaman

The assets in sectors such as roads, railways, airports, mines, and power where investments have already been made but under-utilised will be monetised under NMP

Aug 23, 2021

Sitharaman's statement on servicing oil bonds 'astonishing': Congress

A day after Finance Minister Nirmala Sitharaman ruled out any cut in excise duty on fuel, as of now, since the previous UPA government had reduced fuel prices by issuing oil bonds of Rs 1.44 lakh crore, senior Congress leader and former Finance Minister P. Chidambaram hit out, terming her statement "astonishing" and "incredible ignorance".

Aug 18, 2021

Taliban takeover worries dry fruit traders in India, to impact bilateral trade

Afghan exports to India include dried raisins, walnut, almond, fig, pine nut, pistachios, dried apricot, and fresh fruits such as apricot, cherry, watermelon, and medicinal herbs, which will be heavily impacted after the takeover of Taliban

Aug 18, 2021

Australia is increasingly becoming a strategic partner, it is time for economic relations to keep pace

Why Australia and India are natural partners; now more than ever [explained]

Given the present geopolitical scenario, India and Australia are fast emerging to be natural partners. Meanwhile, an important event that got only a limited attention in the media was the last visit of former Australian Prime Minister Tony Abbott to India. In this piece, we explore how.

Aug 17, 2021

Banks face Rs.10K fine if their ATMs fail to dispense cash for more than 10 hrs

In huge relief for the common man, the Reserve Bank of India (RBI) has decided to charge penalties on banks for non-availability of cash in ATMs.

Aug 11, 2021

For a change, Oppn to support amendment to OBC Bill in Lok Sabha, here's why

The opposition parties on Monday decided to support the Constitution Amendment to the OBC Bill, which is scheduled to be introduced in the Lok Sabha.

Aug 9, 2021

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