Economy News

Budget amid Pandemic: Govt allots Rs 2.2L cr for health, Rs 35K cr for Covid vaccines

The Budget outlay for health and welfare is Rs 2,23,846 crore, an increase of 137 per cent, due to the Covid-19 pandemic still wreaking havoc

Feb 1, 2021

Budget 2021: FM Sitharaman replaces bahi-khata with Made In India tablet

In a significant change amid digitalisation, Finance Minister Nirmala Sitharaman this year unveiled a 'Made in India' tablet replacing the traditional briefcase before presenting Budget 2021.

Feb 1, 2021

Covid bonds may be announced in Budget tomorrow, says report

Budget 2021-22 to be presented by Finance Minister Nirmala Sitharam on Monday, Feb. 1, may announce Covid bonds to meet pandemic expenditure

Jan 31, 2021

After Covid Agenda: Sanjaya Baru's new book pitches for 12 points to restore economy

With the 'animal spirits of private enterprise' considerably dampened, opinion is divided among analysts on the shape of the recovery curve and the pace of recovery, writes Baru in the book "Beyond Coronavirus's Shadow - Mapping India's Economic Resurgence"

Jan 26, 2021

Falling rupee and impact on bank preparedness in fight against Covid-19

Intervention Impact: RBI expected to rein-in rising rupee (Currency Watch)

Experts contend that effects of large FIIs' inflows will be neutralised by the RBI as it aims to keep the country's exports competitiveness.

Jan 24, 2021

Stockbrokers seek scrapping of multiple classification system of tax structure and give push for revival of capital market

Association of National Exchanges Member of India (ANMI) has written to Central Bank Direct Taxation (CBDT) on doing away with the multiple classification system for calculating tax on capital market income as no other country follows such complicated tax structure

Jan 17, 2021

SBI reduces interest on home loans further by 30bps

SBI home loan interest rates are linked to CIBIL score and start from 6.80 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans above Rs 30 lakh

Jan 8, 2021

Andhra, MP stand to get additional Rs 1,004 cr for completing 3 out of 4 citizen-centric reforms

The Capex Scheme was ushered in to enable the State Governments facing financial constraints this year due to the shortfall in tax revenue due to the Covid-19 pandemic

Jan 6, 2021

Karnataka govt will create 10 million jobs by 2025; Dy. CM's big promise to citizens [Exclusive]

Deputy CM, Karnataka, Dr Ashwathnarayan, in conversation with International Business Times, exclusively revealed the state government's big plan to create 10 million jobs by 2025 and at least 1 million job creators.

Jan 6, 2021

Beer hug in times of distancing; Japanese Kirin bets $30mn on Indian Bira

The investment will allow Bira to break even from the losses registered due to pandemic, said Bira CEO Ankur Jain

Jan 5, 2021

India gets $500 million World Bank loan for Green National Highways Corridors Project

The World Bank loan helps to modernize national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh for safety, environment, besides taking up a study of climate resilience of about 5,000 km of the National Highway network

Dec 23, 2020

NRI billionaire Bavaguthu Raghuram Shetty

Once billionaire BR Shetty's company sold for ONE dollar; it used to be worth $2 billion

This is the story about Indian billionaire BR Shetty's company Finablr Plc, which is getting ready to sell its business to an Israeli-UAE consortium for a shocking $1.

Dec 20, 2020

Bull Run to continue in 2021; Sensex to touch 50,000 next year: BNP Paribas

Indices at Dalaal Street have witnessed a bull run in the past few months and the performance is expected to sustain next year also, says BNP Paribas.

Dec 14, 2020

RBI keeps repo rate unchanged at 4%, projects real GDP growth for 2021 at -7.5%

The Reserve Bank of India (RBI) has revised the real GDP growth projection for FY21 upwards to (-) 7.5 per cent on the back signs of faster recovery after the narrowing of the GDP contraction for the July-September, along with hopes of Covid-19 vaccines.

Dec 4, 2020

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

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