Comment
The Finance Minister has delivered, but the road ahead is long: on Union Budget 2021
Ananth Narayan This Budget scores very high marks on credibility and on its potential to create domestic output and jobs, but much more remains to be done
Comment
A promising Budget with a few disappointments
M.Govinda Rao While the Budget promises to revive the economy faster, it continues to emphasise the protectionist trend
Comment
A Budget that fails to address the hunger pandemic
Dipa Sinha In a year of economic slowdown and growing inequality, we have been presented with a stingy Budget that fails to ensure the bare necessities for all
Markets
Sensex sheds 155 pts; Nifty slips below 14,850
PTI Equity benchmark Sensex dropped 155 points on Friday, tracking losses in index heavyweights ICICI Bank, Reliance Industries and HDFC Bank amid largely negative cues from global markets. The 30-share BSE index ended 154.89 points or 0.31 % lower at 49,591.32. Similarly, the broader NSE Nifty slipped 38.95 points or 0.26 % to 14,834.85. Bajaj Finance was the top loser in the Sensex pack, shedding around 3 %, followed by UltraTech Cement, NTPC, Axis Bank, ICICI Bank, IndusInd Bank, Reliance
Markets
Gold climbs ₹ 97; silver declines ₹ 275
PTI New Delhi Gold prices gained ₹ 97 to ₹ 46,257 per 10 gram in the national capital on Friday supported by rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed the day at ₹ 46,160 per 10 gram. In contrast, silver dipped ₹ 275 to ₹ 66,253 per kg, from ₹ 66,528 per kg in the previous trade. "Spot gold prices for 24 karat in Delhi were up by ₹ 97 supported by rupee depreciation," said HDFC Securities Senior Analyst (Commodities) Tapan Patel. The
Economy
India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF
PTI The IMF Deputy Chief Economist, Petya Koeva Brooks also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country’s economy.
Economy
Net direct tax receipts rise 5%
Special Correspondent FY21 collections exceed estimates at ₹9.45 lakh cr.; ‘fiscal deficit may be lower’
Industry
China slaps $2.8 bn fine on Ma’s Alibaba
Ananth Krishnan Regulator cites e-commerce giant’s ‘abuse of dominant market position’ as reason for record penalty
Economy
Coronavirus | Transporters, MSMEs wary of a lockdown
Lalatendu Mishra Ferrying essentials may be hit as drivers head for hometowns; fresh orders on hold
Industry
Fuel consumption falls 9.1% in FY21; first drop since 1998-99
PTI Stringent lockdown led to the contraction in demand