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Spark of hope: In tandem with rising production needs, manufacturers hired extra workers in July.

Manufacturing PMI recovers to 3-month high

Special Correspondent First uptick in employment after 15 months of job losses in the sector

Representational image.

Work on six lakh homes facing delay: Anarock

PTI ‘Projects are worth over ₹5 lakh crore’

1hr

Photo used for illustration purpose only.

At $35 bn, July exports 34% higher than pre-COVID level

Special Correspondent Trade deficit hits three-month high as gold imports jump 145.4% from 2019 levels

Man uses a paper fortune teller to make multiple decisions for his own portfolio, allocating assets and diversifying in a portfolio to minimize risk for optimal profits. Financial investment concept.

Ask Us, on investments — July 25, 2021

Aarati Krishnan Q. I am a 21-year-old medical student. I have started a recurring deposit (RD) with the ₹1,000 that I save every month. Now, I want to start investing. What options would you suggest? Am I eligible to invest in stocks and mutual funds (MFs)? Since investment gains are subject to taxation, what rules will I be subjected to if I start investing at this age?Sharan D.A. As you are 21 and a major, you can certainly invest in any instrument of your choice, including shares and mutual funds,

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Work on six lakh homes facing delay: Anarock

At $35 bn, July exports 34% higher than pre-COVID level

Manufacturing PMI recovers to 3-month high

Gold gleams, silver struggles

Ask Us, on investments — July 25, 2021

GST revenue | Economy

GST collections recover to ₹1.16 lakh crore in July

China’s factory activity grows at slowest pace in 17 months

July’s official PMI shows raw material costs hurt businesses

Is RBI planning a digital currency for India?

How will the transition to a new monetary system hold up and what are the risks?

Housing unit sales plunge 58% Q-o-Q due to 2nd wave impact says PropEquity

Real estate sales plunged 58% in the April-June quarter (Q2) as compared to the January-March quarter (Q1) as India faced the major brunt of COVID

Data | Urban workers hit the most during national COVID-19 lockdown

Amount of work available for workers in India reduced substantially in the period coinciding with the national lockdown during the first COVID-19 wave

Eight core sectors' output up by 8.9% in June

These sectors had recorded a contraction of 12.4% in June 2020.

U.S. GDP climbs 6.5% buoyed by consumers, businesses

Growth tempered by supply chain constraints on inventory

High fiscal borrowings won’t crowd out private sector: CEA

SEBI member asserts ‘no doubt’ borrowings are crowding out corporate bonds

Fed notes improving economy, a step toward easing support

The Fed’s latest policy statement comes as the economy is sustaining a strong recovery from the pandemic recession

Deposits upto ₹5 lakh in troubled banks to be repaid in 90 days

Union Cabinet approves amendment to Deposit Insurance Credit Guarantee Corporation Bill 2021

Explained | Is RBI planning a digital currency for India?

How will the transition to a new monetary system hold up and what are the risks?

Panel raps govt. over MSMEs, urges larger economic package

Parliamentary committee moots steps to boost cash flows for micro, small units

IMF cuts India's GDP growth forecast to 9.5% for FY22

This forecast for 2021-22 is lower than the 12.5% growth in GDP that IMF had projected in April before the second wave took a grip.

‘High inflation transitory, RBI may remain dovish’

MPC announcement due August 6

Retail investor interest has surged: SEBI’s Tyagi

‘Low interest rates, liquidity key factors’

RBI plans digital currency pilots soon

CBDC will help cut the cost of currency management while expediting real-time payments: Sankar

IBBI amends insolvency rules to help improve transparency

Seeks to probe corporate debtor’s ‘avoidance’ transactions

₹81,179 cr. due to states as GST compensation for FY21

Over ₹ 81,000 crore GST compensation is due to states for 2020-21, while for April-May this year, ₹ 55,345 crore is outstanding, Parliament was

India's strong fundamentals, market size will continue to attract foreign investments: FM

Asserting that the Indian economy is showing signs of revival since the peaking of second COVID wave in May, the government on Monday said the

‘India on course for 11% growth this fiscal, to meet deficit goal’

CEA says capex will boost construction, but warns of ‘irrational exuberance’

Automobile exports recover in Q1 amid improved pandemic situation globally

Automobile exports from India recovered in the first quarter with all vehicle segments, including passenger vehicles and two-wheelers, witnessing

Hiring activity saw uptick in most sectors in June: report

With the gradual easing of lockdowns, overall hiring activity witnessed positive growth for most sectors in June, according to a report. Hiring

Data | Medical expenses climb after second wave, adds to financial stress

Health expenditure increased the most in Telangana and least in Kerala

Time to be brave, stretch fiscal deficit goals if need be: Kamath

‘Benign rates, liquidity crucial to seize growth opportunity’

Rupee slips 3 paise to close at 74.57 against U.S. dollar

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06% to 92.56.

Petroleum minister vows to work with Saudi Arabia, UAE to calm oil markets

Puri said New Delhi would like to expand its relations with Riyadh to “beyond buyer-seller to see greater two way investment”.

GDP to grow in double digits on low base: ICRA report

Economic recovery has gained momentum after the lifting of localised lockdowns imposed in the aftermath of the second wave, but is ‘incomplete,’

Financial inclusion is a policy priority: Shaktikanta Das

‘Inclusivity bolsters financial stability’

Inflation to persist at elevated levels for a while: RBI officials

Price pressures to ease in third quarter of 2021-22, they write in a Bulletin article

States get ₹75,000 crore GST dues

Around ₹63,000 crore is still due to States for 2020-21, when ₹1.1 lakh crore of similar back-to-back borrowings were undertaken to meet their compensation dues.

CBIC launches 24/7 plan for instant import, export of vaccines

Dedicated teams will oversee the evacuation of vaccines at air-cargo terminals and relaxations brought in for the export and import of vaccines through courier services.

India’s exports increase by 32% in June, touches $49.85 billion

Imports stood at $52.18 billion, rising 73.65% in June year-on-year and 1.08% higher than June 2019.

India’s power consumption returns to pre-COVID level in first fortnight of July; up 17% to 59.36 BU

Power consumption during July 1-14 last year was 50.79 BU

RBI bars Mastercard from adding new users

‘Issuer not compliant with data rules’

Cabinet nod for subsidy scheme to boost merchant ships

It will also increase training opportunities and employment for seafarers.

Oil Min Puri dials UAE for affordable oil prices

The world's third-largest importer has many times called on OPEC to price oil at reasonable levels.

WPI inflation at 12.07% in June

Wholesale inflation in fuel and power was also the highest on an annual basis, at 32.83% in June, though it had declined marginally from 37.6% in May

India’s trade with China soared 62% in H1

Bilateral trade in first six months hits $57.48 bn, surpasses pre-pandemic levels

Crackdown on GST evaders continues

In 2020-21, 8,000 cases involving fake ITC detected, 426 held: Finance Ministry.

S&P affirms India rating at lowest investment grade for 14th year in a row

S&P Global Ratings on July 13 affirmed India’s sovereign rating at the lowest investment grade of ‘BBB-’ for the 14th year in a row with a stable

Household distress to delay recovery, slash fuel taxes now: SBI report

Fuel expenses crowding out consumption demand

‘Liquidity buffer at NBFCs cushions fall in Q1 collections’

Last year, moratorium spurred fears on asset quality, liquidity, Crisil points out

Inflation remains above 6% for second month

Growth impulses remained fragile, manufacturing output tanked 9.5%

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Chaos reigns: People queue up at the Attibele checkpost in Bengaluru on August 1, 2021.

37K | Travellers hit by Karnataka’s new COVID-19 norms

A tweet by Agnishwar Jayaprakash, founder of Chennai-based Garuda Aerospace, that caught SpaceX CEO Elon Musk’s attention. Photo: Special Arrangement

22K | Elon Musk sends Chennai entrepreneur over the moon

A largely empty shopping center is seen during the coronavirus disease (COVID-19) outbreak in Singapore. File

14K | Singapore warns to cancel permit of permanent residents, pass holders not complying with COVID-19 safety measures

A doctor and other members of a home triage team of the Coimbatore Corporation coming out of a house on Friday after visiting a person who had tested positive.

13K | New restrictions in district from Monday as cases rise

Prime Minister Narendra Modi launches e-RUPI digital payment solution via video conference, in New Delhi, Monday, August 2, 2021.

11K | PM Modi launches digital payment solution e-RUPI

Indian women celebrate after winning their hockey quarterfinals match against Australia at the Tokyo Olympics on August 2, 2021.

9K | Tokyo Olympics | Indian women tame mighty Australia, march into hockey semifinals

BMW's two new micro-mobility vehicle concepts, an electrified bicycle and an e-scooter for city use. | Picture by special arrangement.

8K | Weekly Bytes | BMW’s cargo bike and e-scooter concepts, NASA picks SpaceX for Jupiter’s moon mission, and more

Illustration: R. Rajesh

8K | Dholavira | Ruins of an Indus Valley civilisation site

Residents queue up for COVID-19 testing in Zhengzhou.

7K | Coronavirus | WHO sounds alarm over Delta variant surge