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Over 50% of the Jan Dhan account holders are women and the government, as part of Pradhan Mantri Garib Kalyan Yojana, remitted ₹1,500 per account in three equal monthly installments to support the poor during the COVID-19 crisis.

Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark

PTI As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of ₹1.30 lakh crore.

6hrs

Finance Minister Nirmala Sitharaman addresses FICCI members on July 31, 2020. Photo: Twitter/@ficci_india

Credit guarantee extended to larger firms, self-employed

Special Correspondent Scheme with ₹41,600 crore corpus was to help MSMEs.

Finance Minister Nirmala Sitharaman

Govt. to come out with strategic sectors list soon: Finance Minister

PTI She said there could be various models to achieve minimum four PSUs in case of those falling under the strategic sector.

Finance Minister Nirmala Sitharaman.

Centre working with RBI on need for loan restructuring: Nirmala Sitharaman

PTI The Finance Minister also said the decision on reducing GST rates on healthcare and other products will be taken by the GST Council.

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Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark

Compute tax demand for all assessees by Aug 31, dispose of pending appeals: CBDT chief to taxmen

Credit guarantee extended to larger firms, self-employed

Govt. to come out with strategic sectors list soon: Finance Minister

Fiscal deficit touches 83% of full-year target

Eurozone economy contracts a record 12%

Centre working with RBI on need for loan restructuring: Nirmala Sitharaman

The Finance Minister also said the decision on reducing GST rates on healthcare and other products will be taken by the GST Council.

U.S. economy shrank at record-breaking 33% rate last quarter

The Commerce Department’s estimate of the second-quarter decline in the gross domestic product, the total output of goods and services, marked the sharpest such drop on records dating to 1947

Rahul Gandhi, Chidambaram slam Modi over state of economy

PM is ruining the country, says former Congress president

Deadline for filing I-T returns extended till Sept 30

The government has extended the deadline for filing income tax returns for financial year 2018-19 by two months to September 30.“In view of the

Fed chief says coronavirus surge starting to dent U.S. economic recovery

The United States “has entered a new phase in containing the virus, which is essential to protect both our health and our economy.”

RBI must continue monetary easing policy, says IMF official

Asia to undergo ‘deeper contraction, protracted recovery’

Data | Two-decade-high GNPA ratio in banks likely by next March as COVID-19 impacts industries

Situation expected to worsen once the moratorium on term loans is lifted post August 31

India’s gloomy outlook darkens, recovery path in doubt: Reuters poll

The outlook for India’s reeling economy has worsened again as business activity slows and COVID-19 infections soar, and will probably prompt the

Centre unable to pay GST dues to States: Union Finance Secretary

GST Act allows change in formula, Ajay Bhushan Pandey tells Parliamentary Standing Committee on Finance.

Rural lending reviving, agri gives hope: Confederation of Indian Industries

Steps needed to mitigate uncertainty due to mini lockdowns, build on signs of V-shaped recovery: CII

Watch | Indian Railways and private operators

A video on the Indian Railways opening doors for private operators

‘Targeted infra push can reignite economy’

RBI’s Das tags 5 areas to spur progress

GST cess falls 42% short in FY20

Compensation for last fiscal paid to States using previous years’ balance of cess

Indian economy to see sharp V-shaped recovery in Q3, Q4: N.K. Singh

India’s economic growth stood at an estimated 4.2% in 2019-20

Single window nod on anvil, to spur investment: Piyush Goyal

Govt. creating land bank, says Goyal

Govt. to go ahead with divestment of 23 PSUs cleared by Cabinet: Nirmala Sitharaman

The Minister also said she would soon meet small finance firms and NBFCs to review the credit being extended by them to businesses

Infrastructure push can re-ignite economic growth: RBI Governor Shaktikanta Das

India needs policies for sustained increase in farm income, he added

Should I invest in PPF or a mutual fund? Answers to your personal finance queries

Readers can send in queries on personal ﬁnance and investing to moneywise@thehindu.co.in

Free from vagaries of inflows and outflows

Investment mainly via New Fund Offers

India, U.K. affirm committment to an FTA

The issue was discussed in the 14th Joint Economic and Trade Committee (JETCO) meeting between the two countries

RBI signs $400 mn currency swap facility for Sri Lanka

PM Rajapaksa had in February sought a debt moratorium

Banks’ gross NPAs may climb to as much as 14.7% by March: RBI

Tests show GNPA ratio rising by over 600 basis points under ‘very severe stress’.

Narasimha Rao can truly be called father of economic reforms in India: Manmohan Singh

The former Prime Minister was addressing the inaugural function of the year-long birth centenary celebrations of the late Prime Minister organised by the Congress’s Telangana unit.

India needs further economic reforms to attract more investment: IMF

In recent weeks, several international companies have pledged $20 billion FDI in India, and a whopping $40 billion this year so far

LIC Home Finance offers new loans at 6.9% interest

‘Lower EMIs to help lift home demand’

Prospects of early turnaround in commercial vehicles dim: SFL

‘Sustained economic activity, infra projects may spur sales’

Tyagi calls for unified bond market, moots G-Secs in demat

SEBI chief urges first-time retail investors to invest in government debt

Right time for next fiscal push may be when COVID-19 vaccine comes through: CEA

The CEA responded that the government was willing to do whatever was necessary to drive consumption.

Data | Inflation spiked in June: cost of pulses, meat and fish swell

Price of vegetables relatively less costly

Data | Why India's trade surplus in June is not a good sign

The marginal surplus came at a time when there was a steeper drop in imports compared to exports

Govt. ready to take more steps for boosting growth, says Nirmala Sitharaman

Agriculture sector driving growth: green shoots visible; stimulus showing results

India’s GDP to contract 6.1% in FY21: Nomura

The Reserve Bank is likely to pause at the upcoming policy review in August and cut rates by 25 basis points each in the October and December reviews, Japanese brokerage Nomura said

Watch | Who is Roshni Nadar Malhotra?

A video on the first woman to head a listed Indian IT company, Roshni Nadar Malhotra

Watch | What do foreign students contribute to the U.S. economy?

A video on foreign students' contribution to U.S. economy

I-T department disposes 7,116 assessments under first phase of faceless scrutiny

Since its launch on October 7, 2019 and implementation of first phase, faceless scrutiny assessment scheme has provided for assessment of income tax in electronic mode

Tamil Nadu emerges as country’s top investment destination: survey

But overall fresh investment announcements in India slumped to the lowest in five years, says Projects Today

270 million Indians lifted out of poverty by UPA: Chidambaram

He was reacting to a report on poverty data released by UNDP and Oxford Poverty and Human Development Initiative

‘Retail inflation likely to remain elevated in coming months’

SBI says June reading actually higher than MOSPI’s figure

China’s economy rebounds in Q2, expands 3.2%

U.S. tensions, weak consumer demand and a spike in global COVID-19 cases, however, pose risks to the outlook

RBI issues Fair Practice Code guidelines for ARC

Norms stress on compliance and saving debtors from harassment

NPAs may witness unprecedented increase in 6 months: Raghuram Rajan

The outbreak of COVID-19 and subsequent lockdown to curb the spread of disease has hit businesses hard and many of them are facing difficulty in servicing debt

E.U.-India summit to launch talks on resuming FTA negotiations

COVID-19, medical developments and concerns over an ‘assertive’ China will be high on the agenda

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The trio said the contempt law in question was unconstitutional, rooted in colonialism and produced a chilling effect on free speech and expression.

68K | N. Ram, Arun Shourie and Prashant Bhushan move Supreme Court against Contempt of Court Act

Former Union Minister Manish Tewari

68K | Jyotiraditya Scindia and Sachin Pilot were the ‘princelings’ of Congress, says Manish Tewari

Union Home Minister Amit Shah attends an event in New Delhi on August 1, 2020. Mr. Shah said on August 2, 2020 said he had tested positive for COVID-19.

25K | Coronavirus | Amit Shah tests positive, admitted to hospital

A pilot with IndiGo airlines was killed and the driver seriously injured when the car they were travelling in rammed a container truck on the Nehru Outer Ring Road at Himayat Sagar.

23K | IndiGo pilot killed in car crash near Hyderabad airport

A passenger shows her ticket and identity card to a security person at the airport in Ahmedabad, Gujarat. File (representational image)

19K | Coronavirus | India eases quarantine rules for international travellers

18K | Pakistanis behind ‘Chinese’ info war on India-China border standoff

16K | The Hindu Explains | What has the National Education Policy 2020 proposed?

Police personnel fine motorists who came out without reason on the complete lock down day, at Goripalayam in Madurai on August 2, 2020

14K | Coronavirus India lockdown Day 131 updates | August 2, 2020

Karnataka Chief Minister B.S. Yediyurappa. File

12K | Coronavirus| Karnataka Chief Minister B.S. Yediyurappa tests positive for COVID-19