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GST inflows top ₹1 lakh cr for second month in a row

Special Correspondent The collection in November 2020 is 1.4 % higher than in November 2019 when the GST mop-up was ₹1,03,491 crore

Capital threat: In India, stress among non-bank financial institutions NBFCs will also curtail their capacity to lend, Moody’s warns.

‘Bank capital in India, Sri Lanka to fall more than in other EMs’

Special Correspondent NPAs to rise most for India and Thailand, funds infusion is key: Moody’s report

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S&P still sees GDP shrinking by 9% in FY21

PTI S&P Global Ratings on Monday retained its forecast of 9% contraction in the Indian economy for the current fiscal, saying even though there were now upside risks to growth, it would wait for more signs that COVID-19 infections had stabilised or fallen. S&P, in its report on Asia Pacific, said the Indian economy would grow at 10% in the next fiscal. “We project headline consumer price inflation just above the mid-point of the Reserve Bank of India’s [target] range of 2-6% through 2021.

Slow lane: Recovery in India will be slower than in most countries, due to a significant contraction in 2020 .

Consumer spending to rebound in 2021: Fitch

PTI Consumption is forecast to contract by 12.6% in 2020

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States’ indebtedness may soar 36% to ₹68 lakh crore this year: Report

GST inflows top ₹1 lakh cr for second month in a row

Consumer spending to rebound in 2021: Fitch

S&P still sees GDP shrinking by 9% in FY21

‘Bank capital in India, Sri Lanka to fall more than in other EMs’

Fed extends emergency lending programmes through March 31

India’s consumer spending to return to growth in 2021: Fitch Solutions

Consumer spending is forecast to have contracted by 12.6% in 2020.

Amit Shah hopes GDP will be positive in next quarter

Home Minister lauds Prime Minister Narendra Modi for a record FII inflow to India during the COVID-19 pandemic period.

Watch | What is a moratorium?

A video explainer on moratoriums which can be imposed on banks' operations by the government

Q2 manufacturing rebound puzzles economists

Conflicting signals from official sectoral IIP data that showed a contraction raise questions about accuracy of GVA estimate.

Unilateralism is hurting global economy, says Prabhu

Nations need to work together now.

Punjab accepts Centre’s borrowing option to meet GST shortfall

The Centre has already borrowed ₹ 24,000 crore on behalf of the states in four instalments and has passed it on to 23 States and three Union Territories on October 23, November 2, November 9 and November 23.

Petrol price crosses ₹82-mark, diesel above ₹72 a litre

This is the eighth increase in rates since Nov. 20 when oil companies resumed daily price revision after nearly two-week hiatus.

Fiscal deficit reaches 120% of annual target

Gap widens due to poor revenues

Indian economy contracts by 7.5% in Q2

Country enters technical recession.

₹4300 crore collected as compound interest during moratorium returned, SC notes

The payments were made in compliance of a government payback scheme introduced on October 23

LPG subsidy for BPCL consumers to continue post-privatisation: Pradhan

The subsidy is paid in advance and consumers use this to buy LPG refills.

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

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

Recovery’s momentum stronger-than-expected, says RBI chief Shaktikanta Das

Need to watch demand sustainability amid downside risks from COVID-19 surge, he says.

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

‘Oct. production spikes are exaggeration of true recovery’

Left slams RBI proposal to give banking licences to corporates

A retrograde move and it permits loot of people’s savings demolishing the system, they say

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

According to S&P, the banking system’s credit costs will remain elevated at 2.2-2.9% this year and next.

Localised lockdowns to slow recovery: Nomura

‘Business resumption outlook worrying’.

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%

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Kiran Maheshwari

47K | BJP MLA Kiran Maheshwari dies after testing positive for COVID-19

China's Defence Minister Wei Fenghe. File.

21K | China and Pakistan sign military deal amid tensions with India

Ensuring compliance: After paying the fine, the offenders often walk away without wearing a mask.

19K | Coronavirus India live updates | November 30, 2020

13K | Coronavirus | ‘Covishield’ vaccine volunteer sues Serum Institute of India, Oxford Group over ‘adverse reaction’

Twitter photo of Dr. Sheetal Amte-Karajgi.

11K | Renowned social worker Dr. Sheetal Amte-Karajgi found dead

President-elect Joe Biden will have an all-female senior communications team at his White House, led by campaign communications director Kate Bedingfield. Neera Tanden (photographed here) will be director of the Office of Management and Budget.

10K | Joe Biden to nominate Indian-American Neera Tanden as chief of budget team

Rainwater stagnated at Marina Beach, Chennai.

9K | South Tamil Nadu, Kerala coasts on pre-cyclone watch

In this file courtroom artist's drawing, Chicago businessman Tahawwur Rana (centre) appears before Judge Matthew Kennelly in Chicago's federal court.

9K | 26/11 Mumbai terror attacks | Key accused Tahawwur Rana wanted a ‘medal’ for ‘top class’ contribution

8K | Reaping the whirlwind: On farmer protests