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States to get ₹47,541 cr. via tax devolution

PTI The Centre will on Thursday release an advance instalment of tax devolution to the States amounting to ₹47,541 crore, the Finance Ministry said.

A customer buys government-price controlled milk powder in Colombo, Sri Lanka. Sri Lanka is in the midst of a foreign currency crisis. The shortage of foreign currency caused by a pandemic recession has hindered the ability of the government to import goods. File photo

Sri Lanka settles sovereign bond payment as reserves dwindle

AP The island nation is in its worst crisis in decades, with people facing shortages of essentials like milk powder, cooking gas and kerosene

India Ratings pegs FY23 GDP growth at 7.6%

PTI Agency expects fiscal deficit at 5.8-6%

Momentum slips: The COVID third wave’s onset has triggered State-wise curbs, hurting the recovery.

Economic recovery is yet to attain durability, says ICRA

PTI ‘Early data for Jan. is weak following reimposition of curbs to check third wave’

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U.S., India should set bold goals to achieve $500 billion in bilateral trade, says new USIBC president

Sri Lanka settles sovereign bond payment as reserves dwindle

India set to shift diet to soft oils as Indonesia curbs palm oil

India Ratings pegs FY23 GDP growth at 7.6%

States to get ₹47,541 cr. via tax devolution

Momentum in India's favour, need to prevail over COVID: Deloitte CEO on economic development

India’s oil production continues to decline

Output dropped 2% in December

Economic recovery is yet to attain durability, says ICRA

‘Early data for Jan. is weak following reimposition of curbs to check third wave’

Cost of States’ debt funds surges to 7.24%

States are shelling out more for debt funds, with the weighted average cost for their debt auctions hardening by 9 basis points to touch 7.24%, the

Oil rises past 7-year high on supply fears

Brent jumps to highest level since October 2014; analysts see shortfalls pushing prices to $100 a barrel

India extends another $500 million LoC to Sri Lanka for emergency fuel import

India on Tuesday extended a $500 million-Line of Credit (LOC) to Sri Lanka for urgent fuel imports, days after providing $900 million relief to the

Third wave to dent Housing Finance Companies' asset growth by 200 bps

Crisil sees more organic consolidation

Exports target of $650 billion within this fiscal achievable: Goyal

Commerce and Industry Minister Piyush Goyal informed that during the current month till January 15, exports have touched $16 billion.

‘Third wave undoes last year’s resumption gains’

Nomura cites fresh curbs as index falls

China’s economy grows 8.1% to $18 tn

Fastest expansion since 2011 was driven by exports, consumption; slump in birth rate clouds outlook

Third wave of COVID-19 has airlines industry looking at ₹20,000 crore net loss

Domestic air traffic has already plummeted 25% in the first week of January

Oxfam report says over 16 crore more people forced into poverty in two years of pandemic

Study showed that the pandemic has set gender parity back from 99 years to now 135 years, with women collectively losing $800 billion in earnings

Budget | FADA seeks GST rate cut on two-wheelers

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2022-23 in Parliament on February 1.

ATF price hiked by 4.2%

This is the second increase in rates this month.

Explained | Why is India challenging WTO verdict on sugar?

When did Australia, Brazil and Guatemala file a complaint and what are the rules?

India’s trade with China crosses $125 billion, imports near $100 billion

Data show continued demand for a range of Chinese goods, particularly machinery

WPI inflation eases to 13.56% in December; food items, veggies see price rise

WPI inflation has remained in double digits for the ninth consecutive month beginning April.

What is social constructivism

Understanding one of the key strands in IR theory

U.S. consumer inflation soared 7% in past year, most since 1982

Rising prices have wiped out the healthy pay increases, that many Americans have been receiving, making it harder for lower-income families to afford basic expenses

Retail inflation rises to 5.59 % in December

Food inflation rose to 4.05 % in December.

Households expecting higher inflation affects bank savings: RBI paper

Sentiment shapes consumption patterns, savings: RBI paper

Retail sales rise 7% over pre-pandemic level: RAI

‘Pace of growth drops on COVID wave’

Income tax returns filing deadline for corporates extended till March 15

The deadline to file tax audit report and transfer pricing audit report for 2020-21 fiscal too has been extended till February 15.

Indian economy to see 9.5% growth this fiscal: Arvind Virmani

Mr. Virmani noted that COVID-19 pandemic hit economic recovery and pushed for tax reforms.

Third wave set to delay multiplex recovery: Crisil

‘Big ticket movie releases postponed indefinitely’

Startups can play important role to socialise, democratise availability of healthcare: Goyal

“Entrepreneurs should focus on strengthening the Make in India programme”

GST evasion: notices issued, but ‘no record of outcome’

DGGI reply to RTI query cites action on evasion of ₹9,359 cr.

‘India to surpass Japan as Asia’s 2nd largest economy by 2030’

IHS Markit sees consumption spending doubling over a decade to $3 tn by 2030

NSO estimates FY22 GDP growth at 9.2%

COVID-19 could impact final numbers, says the National Statistical Office.

Inflation hits record of 5% in 19 countries using the euro

The rise was led by a surge in energy prices, according numbers released Friday by the European Union's statistical office.

Nirmala Sitharaman reviews PSBs’ readiness to tackle any Omicron-induced disruption

India Ratings and Research cut its forecast to 9.3%, from 9.4% earlier, while Brickwork Ratings has revised its estimates to 8.5-9% from 10%.

Banks’ asset quality at risk from COVID-19 third wave, says ICRA

Restructured loan book particularly vulnerable, borrowers may seek more time

Ministry for removal of import duty on cotton

Garment exporters to strike over prices

Omicron not to impact GDP much: official

India better prepared: Mr. Jain

Power CPSEs Capex rises 47% to ₹40k crore in April-December

CPSEs have also collectively met 80% of the Capex target of FY 2021-22

‘Growth may drop by 40 bps on Omicron’

With Omicron variant of coronavirus fast spreading in the country, ICRA Limited. expects that India’s GDP growth for Q4 FY22 would be 40 basis points

India's coal production stands at 74.8 million tonnes for December

Coal production up by 6.7% compared to 2019

India’s services sector activity hits 3-month low in December: survey

For the fifth straight month, the services sector witnessed an expansion in output. In Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction

RBI promotes Kumar, Choudhary as EDs

RBI promotes Kumar, Choudhary as EDs The Reserve Bank of India has elevated Deepak Kumar and Ajay Kumar Choudhary as Executive Directors (EDs) with

ATF price hiked by 2.75%, LPG cut by ₹102.5

This is the first reduction since October 6. Rates had gone up from ₹1,734 per 19-kg cylinder to ₹2,101 on December 1.

5.89 crore IT returns filed by December 31 deadline

Number of returns filed by last year’s deadline was 5.95 crore

GST collections slip below ₹1.3 lakh crore in December

December is the sixth month in a row when revenue from goods sold and services rendered stood at over ₹1 lakh crore

Wheat exports jumped to $872 million in April-October

Bangladesh top destination: Ministry

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India's Permanent Representative to the UN, T.S. Tirumurti speaking at the UNSC, in New York. File

37K | Recognise ‘Hinduphobia’ and violence against Buddhists, Sikhs too: Indian envoy to U.N.

In 2021, the DoPT directed West Bengal Chief Secretary Alapan Bandyopadhyay to report to its office hours after Bengal Chief Minister Mamata Banerjee allegedly skipped a review meeting on Cyclone Yaas with Prime Minister Narendra Modi. File

18K | States weigh options on IAS cadre rule changes

The bank took over the possession of the store for non-payment of dues, under provisions of The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act

18K | Indian Bank takes over Saravana Stores (Gold Palace) in T. Nagar for non-payment of dues

A view of Supreme Court in New Delhi. File photo

15K | Supreme Court upholds validity of OBC quota in NEET admissions

11K | Pakistani woman sentenced to death for 'blasphemous' WhatsApp status

BJP's Aparna Bisht Yadav seeking blessings from Samajwadi Party patriarch and her father-in-law Mulayam Singh Yadav in Lucknow on Friday, January 21, 2022.

9K | After joining BJP, Mulayam’s youngest daughter-in-law Aparna seeks his blessings

Prime Minister Narendra Modi during the national launch ceremony of ‘Azadi Ke Amrit Mahotsav se Swarnim Bharat Ke Ore’, through video conferencing in New Delhi on January 20, 2022. Photo: PIB via PTI

9K | Focus on rights made India weak, says PM

Filr photo of Congress leader Rahul Gandhi

9K | 'Hindutvavadis' cowards, spreading hatred on virtual spaces: Rahul Gandhi

A COVID-19 patient is shifted to the Civil Hospital in Ahmedabad on January 19, 2022.

9K | India’s new COVID-19 cases cross 3-lakh mark on January 19, 2022