Economy News

The RBI leaves key interest rates unchanged at 4%; Maintains protective shield for recovery

The Reserve Bank of India kept its key short-term lending rates unchanged to protect the fledgling economic recovery. The central bank's Monetary Policy Committee (MPC) unanimously opted to keep the repo rate, or short-term lending rate, for commercial banks at 4%

Aug 6, 2021

After reaching a new high, the Sensex sheds gains

The leading Indian equities indices gave up gains on Thursday after hitting new highs during the first trading. Analysts believe that investors took profit after the surge.

Aug 5, 2021

Sensex jumps 400 points and crosses 54K for the first time

At the very first time On Wednesday morning, the leading Indian equity indices rose, with the BSE Sensex crossing the 54,000-mark. HDFC, ICICI Bank, and Tata Steel were the biggest gainers on the Sensex.

Aug 4, 2021

Markets: FPIs continue to exit in July, net withdrawal at Rs 11,308 crore

Foreign portfolio investors (FPIs) withdrew Rs 11,308 crore in net investments from Indian equities. The outflow follows a net FPI investment of Rs 17,215 crore in June.

Aug 2, 2021

India's 8 core industries' June production up 8.9%

Low base effect, along with easing of Covid 2.0 restrictions, boosted the output of India's eight major industries in June on a year-on-year basis.

Jul 31, 2021

UK court declares Vijay Mallya as "bankrupt"; clears way for SBI-led banks to freeze his assets

The UK court order clears the way for the consortium of banks led by the State Bank of India (SBI) to initiate freezing of his assets

Jul 27, 2021

China trying to paint dark outlook for Indian economy

The mouthpiece is known to have a pessimistic view of India and recently faulted India's manufacturing sector.

Jul 25, 2021

CBDT grants further relaxation in e-filing of I Tax Forms [details here]

The Electronic Submission of Form 15CA/15CB is required by the Income Tax Act of 1961. Before sending the copy to an authorised dealer for an international transfer, be sure it's in good condition. Until August 15, taxpayers can submit the aforementioned Forms in manual style to authorised dealers.

Jul 20, 2021

Fish didn't survive, exports dipped; how Chennai's Kolathur market suffered amid pandemic [details]

Difficulty in accessing fish fodder during lockdown meant the fish in their ponds couldn't survive, while reduced turnover and dip in exports means the traders can barely put food on their table.

Jul 14, 2021

Industrial output grows on year-over-year basis in May; production growth slower [details]

India's industrial output increased by 29.3% year over year due to a low base effect. The various sorts of lockdowns enforced during 2020 and 2021 have an impact on YoY and sequential growth rate changes.

Jul 13, 2021

India's retail inflation eases sequentially in June; remains above 6% [details]

On a monthly basis, India's retail inflation dropped in June. Last month, the Consumer Price Index (CPI) fell to 6.26 percent from 6.30 percent in May.

Jul 13, 2021

After a bumpy start, the Sensex turns negative; HDFC Bank and RIL down

After a turbulent start to the day, the leading Indian equity indices traded in the negative region on Thursday morning, with the BSE Sensex down by around 125 points. The Sensex was discussed by HDFC Bank and RIL.

Jul 8, 2021

Petrol Price touches Rs.110.98 in Rajasthan

The premium petrol at Sri Ganganagar in Rajasthan touched Rs.114 per litre while the regular petrol is priced at Rs. 110.98 per litre

Jul 5, 2021

CBDT to prepare list of non-filers once at beginning of assessment year, not frequently

In a big relief to the taxpayers, the Central Board of Direct Taxes (CBDT) has decided not to frequently assess the tax filing status of individuals and companies, and complete the process of preparing the list of non-filers only once at the beginning of an assessment year.

Jun 30, 2021

New policy on anvil to fast track clearances for PPP proposals [details]

The central government will develop a new policy for evaluating and approving PPP applications as well as monetizing essential infrastructure assets. The new strategy will attempt to guarantee that projects are cleared quickly.

Jun 28, 2021

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