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Kaushik Basu. File

Proposal to allow business houses into banking a ‘good-looking’ step in ‘bad direction’: Kaushik Basu

PTI The proposal might lead to crony capitalism and eventual financial instability, says the former chief economist of World Bank

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RBI Governor Shaktikanta Das. File photo

Economic recovery stronger than expected, says RBI chief Shaktikanta Das

PTI But there is need to be watchful of demand sustainability post-festivals, he says

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Pent-up demand spurring activity, may not sustain: ICRA

PTI ‘Oct. production spikes are exaggeration of true recovery’

Krishnamurthy Subramanian (K.V. Subramanian), Chief Economic Adviser. File Photo.

India likely to record a current account surplus in 2020-21: CEA

Special Correspondent India is likely to record a current account surplus in 2020-21, Chief Economic Advisor Krishnamurthy Subramanian said on Monday, terming it a sign of ‘under-heating’ in the economy. “The COVID crisis is different from typical emerging market crises (where the economy is overheated, imports exceed exports as demand outstrips domestic supply and inflation shoots up) … this is a crisis of demand primarily due to a negative shock to demand,” Mr. Subramanian said at a national MNCs’ conference

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Proposal to allow business houses into banking a ‘good-looking’ step in ‘bad direction’: Kaushik Basu

Economic recovery stronger than expected, says RBI chief Shaktikanta Das

Pent-up demand spurring activity, may not sustain: ICRA

Left slams RBI proposal to give banking licences to corporates

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P

Localised lockdowns to slow recovery: Nomura

India likely to record a current account surplus in 2020-21: CEA

India is likely to record a current account surplus in 2020-21, Chief Economic Advisor Krishnamurthy Subramanian said on Monday, terming it a sign of

Single window approval for FDI by March

“The momentum for reform shall continue. Several more active reform-related steps are being taken up,” says Nirmala Sitharaman

Government’s ‘unprecedented’ reforms to usher in a new era of growth, says Kant

“We are making States compete on ease of doing business parameters. We are ranking States and naming and shaming them,” the NITI Aayog CEO said.

India likely to have current account surplus this fiscal, says Chief Economic Adviser

This crisis is different from what the world witnessed during the taper tantrum, he said while addressing a virtual conference organised by industry body CII.

RBI becomes world’s first monetary authority with a million Twitter followers

“RBI Twitter account reaches 1 million followers today. A new milestone. Congratulations to all my colleagues in RBI,” Governor Shaktikanta Das tweeted.

The Hindu Explains | Why did India stay out of the RCEP deal?

What were its concerns and is there a possibility of rejoining the grouping later?

The Hindu Explains | What is a bank moratorium, and when does it come into play?

When does the Reserve Bank of India intervene, and what are some of the key steps it takes?

Petrol, diesel price hiked for second day in a row

The price of petrol in Delhi was hiked to ₹ 81.38 per litre.

‘Borrowers have started repaying, post moratorium’

Customers’ cash flows, a concern, says Chola’s Arulselvan

Petrol price up 17 paise, diesel 22 paise after two-month hiatus

This is the first revision in petrol prices since September 22.

Oxford Economics revises downwards its India growth forecast; pegs at average 4.5% for 2020-25

In a research note, it said India’s post-COVID-19 scars could be among the worst in the world.

India’s overall spending on health sector ‘low’, says Niti Aayog member

In 2018-19, India’s spending on health sector was 1.5% of GDP.

Moody’s revises India’s 2020-21 GDP contraction to 10.6%

It had estimated a drop of 11.5%. It also marginally elevates forecast for 2021-22 GDP growth from 10.6% to 10.8%.

IMF foresees legacy scars from COVID-19 crisis

Debt to hurt future activity: Gopinath

Cities need a reset as pandemic exposed frailties: PM Modi

COVID-19 has provided an opportunity to develop more sustainable and resilient cities, says PM Modi

Trade pacts: Jaishankar’s views reflect language used in 1970s, says Chidambaram

Several English newspapers have noted India would be “better off” by being part of RCEP, says ex-Finance Minister

15th Finance Commission submits report to Prime Minister

It recommends a devolution of ₹8,55,176 cr. to States for 2020-21

Diesel sales fall 5% in November after reaching pre-COVID levels in Oct

Sale of diesel, the most used fuel in the country, was, however, 7% higher month-on-month

WPI quickens to 8-month high

Food inflation slows to 5.78%, vegetables cool to 25.2%

Let the power of compounding serve you

Starting early holds the key to a large corpus that would allow you to hang up your boots

The Hindu Explains | What is technical recession, and what does it mean for the Indian economy?

What has the RBI cautioned about GDP decline amid the pandemic, and what lies ahead?

Industry bodies, experts to submit ideas on Budget 2021 via e-mail: FinMin

Also, the government’s ‘MyGov’ portal would provide a platform to receive ideas from public on the upcoming Budget and would remain open from November 15 to 30.

Centre rolls out ₹1.19 lakh-crore stimulus package

Atma Nirbhar Bharat Abhiyan 3.0 includes scheme to incentivise new recruitment.

‘Tax measures to help developers clear unsold housing inventory’

‘Rise in circle rates-agreement value differential to aid buyers’

Moody’s narrows 2020 GDP contraction to 8.9%

Growth outlook for 2021 raised to 8.6%

Retail inflation inches up to 7.61% in October

Elevated vegetable prices keep price gains above 7% for a second straight month .

Industrial production remains flat at 0.2% growth in September

The IIP had contracted by 4.6% in September 2019.

Finance Minister Nirmala Sitharaman announces ₹65,000-cr fertilizer subsidy for farmers

Nirmala Sitharaman said an additional outlay of ₹10,000 crore will be provided for PM Garib Kalyan Rozgar Yojana in the current financial year

Finance Minister announces ₹18,000 crore additional outlay for urban housing scheme

This is over and above ₹8,000 crore already provided this year

Govt. working on short, medium-term measures to control price rise: Finance Minister

The wholesale price index based inflation rose to a seven-month high of 1.32% in September

Nirmala announces new scheme to promote employment generation

Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires.

FM announces ₹900 crore grant for COVID-19 vaccine research

Finance Minister Nirmala Sitharman on Thursday announced a ₹900 crore grant to the Department of Biotechnology for COVID-19 vaccine research. She

Govt announces tax relief on sale of housing units

Finance Minister Nirmala Sitharaman on Thursday announced relaxations in income tax rules to allow sale of primary residential units of up to ₹2

Indian economy witnessing strong recovery: Sitharaman

Addressing a press conference to announce more stimulus measures to boost growth, she said macro-economic indicators are pointing towards recovery.

Moody’s revises India’s 2020 GDP forecast to -8.9% from -9.6%

Rating agency expects COVID-19 management to improve, allowing for normalisation of economic activity

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy

The Finance Minister announces Rs. 2,64,080 crore worth stimulus. She says the total stimulus equals to 15% of GDP.

GDP shrank 8.6% in Q2 pushing economy into recession: RBI

Oct. data brightens outlook, formidable risks ahead, RBI says in monthly bulletin

India has shifted from tax terrorism to tax transparency: PM Modi

India, he said, is among the select few nations which have codified rights and responsibilities of taxpayers.

‘States may cut outlay on infra by up to 40%’

The major States had budgeted a capital outlay of more than ₹5.7 lakh crore for 2020-21.

Banks must not distance customers: Finance Minister Nirmala Sitharaman

Sitharaman urges bankers not to shy away from lending, but take commercially justifiable decisions

Webinar | Are Consumers Back with a Vengeance?

Conversations is a series of webinars being organised as a part of The Hindu Group’s ongoing campaign ‘Tamil Nadu Smiling’

SEBI allows new fund category

The Securities and Exchange Board of India has introduced a new category of mutual funds that can invest freely across large-, mid- and small-cap

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Senior Congress leader Ahmed Patel

79K | Senior Congress leader Ahmed Patel passes away

Residents of Pattinampakkam, mostly fishermen, run for safety as strong winds and waves picked up pace and move huge quantities of sand up to the road, a good distance away from the waterfront, in Chennai on November 25, 2020.

69K | Cyclone live updates | Nivar now a ‘severe cyclonic storm’ after making landfall

16K | Pakistan’s move in Gilgit-Baltistan and what it means for India | The Hindu In Focus podcast

Workers make way for vehicles in pathways by clearing uprooted trees near Vaitheeswaran Koil in Mayiladuthurai district.

16K | Cyclone Nivar live updates | Section 144 rescinded in Puducherry

Prime Minister Narendra Modi addressing the All India Presiding Officers Conference via video conference, on Thursday, November 26, 2020.

14K | ‘One Nation, One Election’ need of India, says PM Modi

Rains triggered by Cyclone Nivar inundate tracks at Korukkupet railway station in Chennai on November 24, 2020. Southern Railway has cancelled all suburban trains and those bound for Tamil Nadu’s southern districts for November 25, 2020 in view of the cyclone.

14K | Cyclone Nivar updates | T.N., Puducherry on edge as Nivar closes in

Chief Minister Edappadi K. Palaniswami, inspects Chembarambakkam reservoir after its shutters were opened on Wednesday after a period of almost five years following heavy rains due to Cyclone Nivar on Nov 25, 2020.

13K | Cyclone Nivar: Tamil Nadu CM announces public holiday in 13 districts on November 26

A still from the Malayalam film ‘Jallikattu’

11K | Malayalam film ‘Jallikattu’ is India’s official entry for the Oscars

Chennai's iconic Marina beach is filled with storm water due to heavy rain on Wednesday due to Cyclone Nivar.

10K | Cyclone Nivar in pictures | Heavy rains throw life out of gear in Tamil Nadu, Puducherry