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File photo for representation.

Excise duty collection jump 48 % this fiscal on record hike in taxes on petrol, diesel

PTI With this, the total incidence of excise duty on petrol rose to ₹ 32.98 per litre and that on diesel to ₹ 31.83 a litre.

Trump tells U.S. depts to pare procurement from China

Reuters Bid to thwart attempts to infiltrate U.S. IT networks.

‘Refine quality of expenditure to aid fiscal sustainability’

Special Correspondent Targets must be qualitative too: Das

File photo shows containers at the Yangshan Deep Water Port in Shanghai.

India’s trade with China falls in 2020, deficit at five-year low

Ananth Krishnan The trade deficit, a source of friction between India and China, declined to a five year-low of $45.8 billion, the lowest since 2015.

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Excise duty collection jump 48 % this fiscal on record hike in taxes on petrol, diesel

The Hindu Explains | What has the RBI cautioned against in its latest Financial Stability Report?

Trump tells U.S. depts to pare procurement from China

‘Refine quality of expenditure to aid fiscal sustainability’

Centre mulls BIC model for bank recap

Need to support economic revival, financial stability: RBI Governor

Exports rise a tad, imports surge in December

India’s exports rose marginally to $27.2 billion in December, while imports surged 7.6% to $42.6 billion, official data showed.Merchandise exports

Indian economy ‘weak,’ credit growth bottoming out: BofA

Real lending rates are dropping, says U.S. brokerage

India’s trade with China falls in 2020, deficit at five-year low

The trade deficit, a source of friction between India and China, declined to a five year-low of $45.8 billion, the lowest since 2015.

Farm Bills have potential to represent significant step forward for agriculture reforms in India: IMF

The IMF believes the farm bills passed by the Indian government have the potential to represent a significant step forward for agricultural reforms,

India fifth largest market; focussed on meeting language needs, enhancing ease of access: Wikipedia

Wikipedia, which turns 20 on January 15 has over 55 million articles that can be accessed in more than 300 languages.

Coronavirus | India took ‘very decisive’ steps to deal with pandemic and its economic consequences: IMF chief

The IMF Managing Director during a global media roundtable on January 14 predicted a less bad outlook for India in the upcoming World Economic Update due to the steps taken by it.

December wholesale inflation slows to 1.22%

The inflation based on Wholesale Price Index (WPI) was 1.55% in November 2020, and 2.76% in December 2019.

Kerala allowed to borrow ₹2,261 cr. more

The Finance Ministry has enhanced Kerala’s borrowing limit by ₹2,261 crore, after the State joined seven others in completing reforms to improve the

Inflation slows to 4.59% as food prices ease

Industrial output slips back into contraction after two months with November IIP shrinking 1.9%, NSO data show

Retail inflation drops to 4.59 pc in December, says govt. data

Retail inflation based on the Consumer Price Index (CPI) was 6.93% in November.

Govt rejects demand for further extension of returns filing date beyond Feb 15

The finance ministry has rejected the demand for further extension of the last date for filing returns where audit is required beyond February 15.

Stretched valuations threaten stability: Shaktikanta Das

RBI’s Das warns disconnect between markets and real economy pose risks to the financial system

Data | MSMEs continue to be most stressed sector, urban cooperative banks at risk

As of August 2020, 89.6% of all loans given by Urban Cooperative Banks to the MSME sector were under moratorium

RBI Financial Stability Report: Banks gross NPA may rise to 13.5% by September 2021

If the macroeconomic environment worsens into a severe stress scenario, the GNPA ratio may escalate to 14.8%, the report said

Pandemic threatens to result in balance sheet impairments, capital shortfalls at lenders: Shaktikanta Das

He asked banks to exploit the current conditions to augment capital and also alter their business models, which will help in the future

To coin or not to coin?: The must-knows for the crypto-curious

As Bitcoin’s dollar value hits a correction, experts candidly chat about what you need to know about cryptocurrency before you hop on this fin-tech bandwagon

Indian economy heading towards V-shaped recovery in 2021: Assocham

The industry chamber said it expects immense accruals of economic benefits from the COVID-19 vaccination programme about to be rolled out.

Traders’ body seeks ban on WhatsApp, Facebook over new privacy policy

CAIT writes to IT Minister seeking government action.

December fuel demand rises to 11-month high

Diesel sales slip from year-earlier period for a second straight month dampening overall consumption.

Finance Ministry drafts model tender to ease purchases

The document standardises language.

India’s self-reliance goal must not to be taken as move ‘towards isolating itself’, says Sunil Munjal

Country has to focus on exports to become a key player in global trade, the Hero Enterprises Chairman said.

Jaishankar invites diaspora to be part of India’s efforts to build stronger capabilities

In an address at the Pravasi Bharatiya Divas, Jaishankar said the objective of the “Aatmanirbhar Bharat” initiative is to build greater capacities and enhance its contribution to the world.

Need to build back U.S. economy better so that it lifts up everyone, says Kamala Harris

US President-elect Joe Biden and Vice President-elect Harris will take the oath of office on January 20.

India ushering in rapid structural reforms to become $5 trillion economy by 2025: Goyal

The Minister said new markets were being explored aggressively to enhance the reach of Indian products globally.

U.S. sheds 1.4 lakh jobs as COVID-19 cases surge

Dec.’s job losses first in eight months

India’s fiscal deficit may exceed 7% in current fiscal, say sources

‘Government finances in poor condition because of a shortfall in tax receipts’

GDP likely to contract by 7.7% in 2020-21, says Govt.

According to National Statistical Office, Agriculture is set to record positive growth while service sector will be the worst hit.

Petrol price at all-time high, diesel crosses ₹81 in Mumbai

Petrol price was hiked by 23 paise per litre and diesel by 26 paise a litre

SEBI to allow new players to set up stock exchanges

Floats discussion paper on MIIs

‘NBFCs may see growth revive in FY22’

Growth in assets under management (AUM) of non-banking financial companies, or NBFCs (excluding infrastructure NBFCs), and housing finance firms will

FM reviews NIP as part of infra spending push

Pipeline expanded to 7,300 projects

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?

Three key factors could explain why the bad loans problem is likely to worsen

Petrol price nears all-time high after oil cos hike rates after month-long hiatus

Petrol price in Delhi climbed to ₹83.97 per litre from ₹83.71 previously; diesel rates rose to ₹74.12 per litre from ₹73.87

I-T refunds worth ₹ 1.64 lakh crore issued to 1.41 crore taxpayers till Jan 4

The Income Tax department on Wednesday said it has issued refunds worth over ₹ 1.64 lakh crore to over 1.41 crore taxpayers so far this fiscal. This

India's services sector activity expands at slower rate in December

Hiring came to a halt amid weak business optimism, a monthly survey said

Global and India output set to expand in 2021-2022, says World Bank

Malpass warns of ‘dramatic’ inequality increases.

India’s growth bucks global trend: Finance Ministry review

Persistent improvements in economic indicators showing V-shaped recovery, it says

Faceless tax scheme delivers 24,000 final orders: Pandey

Number of orders shows system has stabilised, he says

The dilemma in home loans: fixed or floating interest rate?

In home loans, the nagging question remains: should the borrower choose fixed rates of interest or opt for floating rates?

Government ropes in I-T department to crack down on GST fraud

Data being pooled to track evasion, says Finance Secretary.

Economy is on fast recovery track, says Ajay Bhushan Pandey

Finance Secretary cites better tax compliance and growing revenues

GST officers arrest one person for duty evasion of around ₹ 831.72 crore

The accused person has been arrested and sent to 14 days judicial custody.

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Republic TV owner Arnab Goswami. File

28K | Three days before Balakot, Arnab told ex-BARC chief ‘something big will happen’

Senior Congress leader Randeep Surjewala. File

25K | Arnab Goswami WhatsApp chats | Opposition demands inquiry

A still from Tandav

15K | Tandav controversy | I&B Ministry seeks explanation from Amazon Prime Video

12K | Moradabad hospital ward boy dies after COVID-19 vaccination, officials say death due to heart disease not vaccine

One of the cold storage boxed for keeping coronavirus vaccine in South Delhi Municipal Corporation at Srinivaspuri in New Delhi

11K | Coronavirus | One ‘severe’, 51 ‘minor’ cases of post-vaccination adverse events reported among health workers in Delhi

Covishield vaccine immunisation for COVID-19 at the Government General Hospital in Chennai on January 17, 2020.

9K | Coronavirus | 2.24 lakh vaccinated in two days, 447 report adverse reactions

Parna hydroponic farm

9K | Coimbatore’s hydroponic farm delivers fresh greens within three hours of harvest

8K | Do not consume alcohol for 45 days after vaccination: Experts

A still from ‘The Great Indian Kitchen’

6K | ‘The Great Indian Kitchen’ movie review: Makes practitioners of patriarchy squirm in their seats