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Tamil Nadu sees over twofold jump in investments

Vikas Dhoot It received projects worth over 1 lakh cr. in 2020-21, only second to Maharashtra.

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Remain on guard: People should be careful and follow all regulations, says the CEA.

‘Economy in better shape than during 2020’s COVID-19 wave’

PTI CEA Subramanian says uncertainty is much lower because of vaccination drive

A scene at a petrol filling station. File

WPI inflation spikes to over 8-year high of 7.39% in March

PTI Inflation in the fuel and power basket was 10.25 % in March.

After breaching the upper tolerance threshold of 6% for six consecutive months (June-November 2020), CPI inflation fell in December 2020 and eased further in January 2021 to 4.1%. File

IIP contracts 3.6% in February; retail inflation rises to 5.52% in March

Special Correspondent The IIP had grown by 5.2% in February 2020

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PLI scheme for ACs, LED lights to exclude ‘mere assembly’

Tamil Nadu sees over twofold jump in investments

Economy in better shape than during 2020’s COVID-19 wave: CEA

Bond yield spikes as RBI’s purchase disappoints

WPI inflation spikes to over 8-year high of 7.39% in March

Sensex, Rupee slip amid pandemic fears as inflation surges in March

Retail inflation quickens to 5.52%

Industrial output shrinks 3.6%; ‘we are far from seeing sustained recovery, need government support’

India must capture all segments of financial market to fuel growth: IMF

India has been quite innovative on digital identity, says top official Tobias Adrian

Investment projects bounce back in Q4: report

Project execution rate highest since March 2016; private sector and government-backed capital spending taking off

Vaccine inequity threatens Mideast’s economic recovery, says IMF

IMF expects the UAE’s economy to grow this year by 3.2%, with Dubai’s World Expo, now rescheduled for October 2021, key to the nation’s recovery

Coronavirus | Prefer strict safety measures to partial lockdowns: India Inc

Restricted movement of labour will lead to a fall in production/sales, say CEOs

India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF

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.

Coronavirus | Transporters, MSMEs wary of a lockdown

Ferrying essentials may be hit as drivers head for hometowns; fresh orders on hold

Net direct tax receipts rise 5%

FY21 collections exceed estimates at ₹9.45 lakh cr.; ‘fiscal deficit may be lower’

Fitch Solutions sees RBI holding rates through FY22

Firm revises fiscal year inflation forecast to 5%, from 4.6%

Second wave poses increased risks for fragile recovery, banks: Fitch

Firm sees stress in MSME, retail loans

MF assets rose 30% in FY21, equities saw inflows in March

But investors pulled out ₹52,528 crore from debt mutual funds last month

IMF lifts China’s GDP to 8.4 %, but Gita Gopinath says growth unbalanced

The International Monetary Fund has increased China’s GDP projection to 8.4% for this year, a 10-year high, but its chief economist Gita Gopinath

RBI extends fresh support of ₹50,000 crore to NABARD, NHB, SIDBI

Regulator announces committee to strengthen ARCs

RBI extends interim WMA limit of ₹51,560 cr to states till September

Ways and means advances are temporary advances given by the RBI to the States to tide over any mismatch in receipts and payments

Economic measures taken by countries during pandemic may have unintended consequences: IMF

The global economy is beginning to emerge from the economic shock caused by the COVID 19 pandemic, Tobias Adrian, Director of the IMF's Monetary and Capital Markets Department, said on Tuesday

RBI keeps policy rates unchanged, projects GDP growth of 10.5%

Recent surge in COVID-19 infections has created uncertainty over economic growth recovery, says RBI Governor.

Expected growth of 12.5% for India but “ very severe downside risks” due to COVID wave: IMF

Averting divergent outcomes would mean “resolving the health crisis everywhere” the report says

FDI flows hit a record $72.12 billion in 10 months

But fresh foreign equity investments in Jan. 2021 fall sharply to $2.71 billion from $7.62 billion in Dec. 2020

Manufacturing activities in India eases in March; challenging times ahead: survey

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell from 57.5 in February to a seven-month low of 55.4 in March

SC order on interest waiver: PSU Banks may have to take ₹2,000 crore hit

Meanwhile, Indian Banks’ Association (IBA) has written to the government to compensate lenders for interest on interest waiver.

The Hindu Explains | How does China’s digital currency work?

How is legal tender issued by the central bank different from payments guaranteed by a third-party operator?

The Hindu Explains | What are the implications of the Finance Ministry’s decision for monetary policy?

What is the rate of consumer price inflation? Why should this concern consumers?

GST mop-up hits a record in March

The indirect tax collections were 27% higher than that in March 2020.

‘Economy, jobs to continue to bounce back this year’

Avoiding lockdowns will help: Economic Affairs Secretary

Govt notifies I-T returns forms for 2020-21

The Income Tax department has notified forms for filing I-T returns for 2020-21 fiscal, the Central Board of Direct Taxes said on Thursday."Keeping

In a first, private sector specialist appointed head of PESB

The Appointments Committee of the Cabinet has approved the appointment of Srinivasan as the chairperson of PESB for a period of three years.

Salary income of Indian workers in Gulf exempt from I-T, says Nirmala Sitharaman

In response to Trinamool MP Mahua Moitra’s tweet, the Finance Minister said that the Finance Act 2021 has not brought in any new or additional tax on Indian workers in Saudi/U.A.E/Oman/Qatar.

FinMin releases ₹45,000 crore to States as additional devolution on buoyant Q4 revenue mop-up

The Finance Ministry on Thursday said it has released ₹45,000 crore to the States as additional devolution in the 2020-21 fiscal following revenue

GST collections break record, hit almost ₹1.24 lakh crore in March

India’s gross GST collections in the month of March have hit a record figure of ₹1,23,902 crore, the Finance Ministry said on Thursday. This is the

Jet fuel price cut by 3%

In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3% in line with softening international crude oil prices.

Govt. extends emergency credit line guarantee scheme till June

The government on Wednesday extended the ₹3-lakh-crore emergency credit line guarantee scheme by another three months till June 30 and also widened

Centre's fiscal deficit at 76% of revised estimates during Apr-Feb: CGA

The central government's fiscal deficit at the end of February worked out to be 76% of the revised estimate, indicating that it is likely to remain

Divestment nets Centre ₹32,835 cr., betters revised estimates

Govt. originally budgeted ₹2.10 lakh cr.

Govt. retains 4% inflation target for RBI’s rate panel for 2021-26

Centre’s decision ensures ‘continuity’, ends speculation over price stability goals

In February, output of core sectors contracts by 4.6%

It is the steepest contraction in the last six months

Government slashes rates on small savings schemes by up to 1.1%

Move comes after retail inflation breaches 6% mark

PAN-Aadhaar linking deadline extended till June, 2021: I-T department

This is the ninth time that the deadline has been extended for individuals to link their PAN with Aadhaar

LPG price cut by ₹10 per cylinder

After raising cooking gas prices by ₹125 per cylinder last month, state-owned oil firms on Wednesday announced a ₹10 per cylinder cut in LPG rates on

India records 0.2% current account deficit in December quarter: RBI data

In the current fiscal, the current account had been in surplus in the previous two quarters, at $15.1 billion and $19 billion, respectively, as per the data.

Government extends current foreign trade policy till September 30

On March 31, 2020, the government had extended the Foreign Trade Policy 2015-20 for one year till March 31, 2021, amid the coronavirus outbreak and the lockdown

India FY21-22 growth will be in the 7.5%-12.5% range, likely 10.1 %: World Bank

The Bank expects public consumption to contribute positively, but pent-up private demand to fade by end of 2021

‘Inflation at worrisome levels, oil prices will keep up pressure’

India expected to retain current inflation targeting framework: Moody’s Analytics

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