Browsing Category
Economy
Govt appoints Nageswaran as Chief Economic Advisor days ahead of Budget
New Delhi, Jan 28 (UNI) The government on Friday appointed Indian Institute of Management (IIM), Ahmedabad graduate and Economics professor Dr V. Anantha Nageswaran as the Chief Economic Advisor (CEA). A Finance Ministry statement said…
PM to deliver ‘State of the World’ special address at WEF’s Davos
New Delhi, Jan 16 : Prime Minister Narendra Modi will deliver 'State of the World' special address at the World Economic Forum’s Davos Agenda on January 17, via video-conferencing.
The virtual event will be held from January 17 to 21. It…
Bangladesh GDP to grow at 6.4 pc in FY-22
Dhaka, Jan 12 (UNI) The Bangladesh GDP will grow at 6.4 per cent in the FY 2021-22 ending June 2022, due to increasing services activity and firming exports of readymade garment, says the World Bank.
GDP growth rate is forecast to go up to…
Imran Khan: Will be forced to approach IMF again if exports don’t rise
Islamabad, Jan 12 (UNI) Pakistan Prime Minister Imran Khan said on Tuesday that his government will be forced to approach the International Monetary Fund (IMF) again if the country’s exports did not increase sharply, Dawn reported on…
GST dept recovers Rs 49.20 crore cash from WazirX for evading tax
Mumbai, Jan 1 (UNI) CGST Mumbai Zone has recovered Rs 49.20 crores in cash pertaining to GST evaded by WazirX, a cryptocurrency exchange in India. The department also detected GST evasion of Rs 40.5 crores.
The findings came to light while…
Sale of electoral bonds at select SBI branches from Jan 1
New Delhi, Dec 30: Ahead of assembly elections in some states including politically-significant Uttar Pradesh, Finance Ministry on Thursday said that State Bank of India (SBI) has been authorized to issue and encash electoral bonds through…
Telangana Textile fed strongly opposes GST increase to 12 pc
Hyderabad, Dec 29 (UNI) Telangana State Federation of Textile Associations (TSFTA) on Thursday strongly opposed the increase of GST on Textiles from 5 per to 12 per cent (120 per cent) by the Central Government from January next year.…
Bibek Debroy: Health of environment directly linked to economic growth
New Delhi, Dec 23: Chairman of the PM's Economic Council Bibek Debroy said on Thursday that as the per capita GDP rises, quality of the environment tends to improve.
"There is a co relation between the two. Empirical exercises establish…
PM Modi meets top CEOs ahead of Budget
New Delhi, Dec 20: In the run-up to Union Budget, Prime Minister Narendra Modi on Monday met a group of top CEOs from across the industry and sought their inputs to reduce compliance burden.
Top banker Uday Kotak, JSW Steel's Seshagiri…
US leads world as top recipient of foreign direct investment : IMF Report
Washington, Dec 16: The US consolidated its position as the world’s top recipient of foreign investment in 2020, a year in which the global total increased by 6 percent despite the pandemic, the International Monetary Fund (IMF) said in a…
Three names in the fray for next Chief Economic Adviser
Ahead of the three-year term of the outgoing Chief Economic Adviser (CEA) KV Subramanian coming to an end next week, three names have been shortlisted for the position. Two women candidates — Pami Dua, Professor, Delhi School of Economics,…
Insect hits 9L acres of chilli crop in south India; experts point to use of pesticide
A NEW species of insect is damaging the chilli crop in several states in south India. Thrips Parvispinous, an invasive insect from Indonesia first seen in 2015, has spread rapidly, affecting chilli crop in nearly 9 lakh acres in Telangana…
Markets move away from Omicron fears; Sensex gains over 1,000 points
NEW DELHI: Even as the whole world is taking a precautionary measure to control the spread of Omicron, it seems the impact of this new coronavirus variant is fading away from investors’ sentiment. The benchmark index — Sensex — on Wednesday…
Retail inflation expected to be around 5.3 per cent in current fiscal: RBI
MUMBAI: Projecting the inflation trajectory in line with its earlier estimate, the Reserve Bank of India (RBI) on Wednesday said the retail inflation is expected to be around 5.3 per cent during the current fiscal year.
It is expected to…
Reserve Bank of India to introduce UPI based payment solutions
With an aim to promote wider digitisation, Reserve Bank of India (RBI) on Wednesday announced that UPI-based digital payment solutions will be launched on feature phones.
Only smartphone users have been availing Unified Payments…
RBI lets Schrodinger’s cat out of the bag, admits rate corrections can’t fight inflation…
It appears that inflation has entered the state of Schrodinger's theory, where price rise is both temporary and persistent simultaneously.
On Wednesday, the RBI confirmed that headline inflation will likely peak in January-March 2022,…
No plan to cut 18 per cent GST on insurance premiums: Government
NEW DELHI: Despite frequent requests from the insurance sector to reduce 18% Goods and Services Tax levied on the insurance premium, the Centre has said currently there is no recommendation to reduce the GST rate on health insurance…
India ‘very unequal’, top 10% hold 57% of national income: Inequality Report
India stands out as a “poor and very unequal country, with an affluent elite”, where the top 10 per cent holds 57 per cent of the total national income while the bottom 50 per cent’s share is just 13 per cent in 2021, according to the…
