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Coronavirus | Oxygen curbs hit container availability

Lalatendu Mishra Exports affected as ‘thousands of damaged containers unusable’; gas key to welding process in repairs

Govt. alerts PSBs as Cairn may seize overseas assets

PTI Oil firm won $1.2 bn award in tax case

Relatives of a woman suffering from the coronavirus disease (COVID-19), carry an oxygen cylinder as she receives treatment in the emergency room of Holy Family Hospital in New Delhi.

Crowd-funding COVID-19 treatment may become difficult

Vikas Dhoot Move to allow cash payments over ₹2 lakh will be challenging for those without PAN or Aadhar.

India requires two lakh ICU ventilators, says device maker

Mini Tejaswi ‘Country has only 25,000 personnel familiar with machines'

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Nirmala Sitharaman lists tax waiver on COVID-19 relief goods

Conditions that come with the government’s nod for cash payments for COVID-19 treatment pose a challenge

Govt. alerts PSBs as Cairn may seize overseas assets

India requires two lakh ICU ventilators, says device maker

Coronavirus | Oxygen curbs hit container availability

RBI sets up advisory group to assist regulatory review authority

SBI report emphasises on vaccination, says nearly half of the new cases in rural India

‘Economy taking a severe hit from 2nd wave; Growth hopes fading'

Finance Ministry releases ₹9,871 crore as revenue deficit grant to 17 States

With this second installment, the total amount released during of the first two months of the current financial year has reached ₹19,742 crore.

Petrol price hiked by 25 paise, diesel by 30 paise

Crude oil prices in the international market have risen primarily on account of strong U.S. demand recovery and a weak dollar

RBI steps in to ease COVID-19 burden

Small businesses, MSMEs to get relief.

No meeting of GST council called in last 6 months: Punjab FM

States have deciding rights in the council, he says

India’s services sector activities eased to 3-month low in April amid COVID crisis: survey

The seasonally adjusted India Services Business Activity Index fell to 54 in April from 54.6 in March, the slowest increase in output in three months

‘Bulk tea firms may see a financial slump in FY22’

Prices to drive extent of decline: ICRA

Fiscal metrics to stay weak on COVID: S&P

‘FY22 GDP impact may be 100-300 bps’

MFIs flag rural borrower distress to RBI

Lenders plead for central bank relief, say small-ticket, rural customers hit harder by second wave

Petrol price up 15 paise, diesel 18 paise after over two-week hiatus

Petrol price on Tuesday was increased by 15 paise per litre and diesel by 18 paise as state-owned fuel retailers started passing on the increase in

Export orders healthy, demand rising: FIEO

‘Pandemic likely to peak by mid-May’

Factory orders, production rise at slowest rates in 8 months in April in India: PMI

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was at 55.5 in April, little changed from March’s reading of 55.4

GST return deadlines extended; late fee waived

These concessions granted for a limited time window of a fortnight to a month, effective May 1

Govt waives late fee for delayed filing of March, April GSTR-3B, tax payment

Taxpayers with a turnover of over Rs 5 crore have been given 15 days extra time to file monthly summary return GSTR-3B and pay taxes without paying any late fees.

GST revenues touch all-time high of ₹1.41 lakh in April

FinMin cites resilience of Indian industry

‘April GST collections may go up to ₹1.2 lakh cr.’

E-way bills will cross 5.5 cr.: SBI report

Coronavirus | Second wave hurting India’s recovery: S&P Global Ratings

Rating agencies flag risks from ‘escalating’ infections; ICRA says faster vaccine roll-out ‘critical’

India’s GDP to grow at 11% this fiscal, says ADB

The Asian Development Bank cautioned that the surge in COVID-19 cases may put India’s economic recovery at risk.

Coronavirus | Economy holding up against virus surge: RBI

It bases hope for continued recovery on earnings, rise in use of capacity, electricity consumption

A month of national lockdown can eat up 1-2% of GDP: Report

“A month of nationwide lockdown costs 100-200 bps of GDP. This poses a 300 bps risk to our 9% real GVA growth forecast for FY22,” Bank of America Securities India economists said

Denial of claim is not the end of the road

If your claim is either not entertained or is denied, you can approach the insurer and even the IRDAI

Ask us: On investments

Q. I would like to know the pros and cons of investment options such as capital guarantee and high-return plans. As a 23-year-old newbie to IT

Be an early bird to save on taxes

The earlier the better it is for investing in tax-saving instruments

The Hindu Explains | Why is the government tweaking the National Pension System?

What are the major changes being proposed to the NPS?

Coronavirus | Tax compliance timelines extended from April 30 to June 30

Industry calls for more government action to cope with emerging crisis.

‘RBI intent is key to curb further rupee weakness’

‘Bearish bets at highest since last April’

SBI pares FY22 growth to 10.4%, expects 2nd wave to peak in third week of May

State Bank of India has revised downwards its growth projection for 2021-22 to 10.4% real GDP growth and 14.3% nominal GDP growth, from 11% and 15%,

Coronavirus | Extend compliance timelines, India Inc. tells Finance Minister

Amid spike in cases, stakeholders ask Nirmala Sitharaman to extend the same measures as last year.

Farm exports rose 16.9% in April-Feb. FY21

India exported agricultural commodities worth ₹2.74 lakh crore till February of the 2020-21 fiscal, a 16.9% increase from ₹2.31 lakh crore in the year

Oil slips as India’s COVID surge dents outlook

Key importer reports record deaths

Fundraising via bonds jumped 14% in FY21

Low rate, liquidity aid private placement

Home-buying budgets rose post-pandemic, says survey

As many as 57% of the respondents said homebuyers had increased their budgets

Care Ratings lowers FY22 GDP forecast to 10.2%

‘Lockdowns to affect GST collections’

Exporters fret over delay in rebate rates

The RoDTEP scheme came into effect on Jan. 1 but lack of clarity is hampering sector’s ability to price

Wait and watch, FM tells industry on second wave

‘Govt. with industry in fighting COVID’

Localised lockdowns already hitting economic activities: Report

The report has also called for speeding up the vaccination drive that of late has been on the decline on a weekly basis.

U.S. currency watchlist an intrusion: official

‘Putting India under scanner invasion into central banks’ policy space’

ICRA cuts its FY22 GDP estimate by 0.5%, sees economy expanding by 10.5%

The recent surge in COVID-19 cases has resulted in a dip in consumer confidence and reignited uncertainty regarding the near-term outlook, it said.

RBI sets up committee to review working of ARCs

Panel to submit report in 3 months

Govt. working to save lives, livelihood: FM Nirmala Sitharaman tells India Inc.

Ms. Sitharaman sought feedback from businesses to deal with the impact of the second COVID-19 wave on the country's economy

Second COVID-19 wave could spark greater uncertainty, govt will respond with fiscal steps if required: NITI Aayog Vice-Chairman

NITI Aayog Vice-Chairman Rajiv Kumar remained hopeful that the country’s economy will grow 11% in the current fiscal ending March 31, 2022

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

DPIIT’s norms prioritise production of basic components

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