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Union Minister of Finance and Corporate Affairs Nirmala Sitharaman.

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

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

Wait and watch, FM tells industry on second wave

Special Correspondent ‘Govt. with industry in fighting COVID’

Home-buying budgets rose post-pandemic, says survey

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

Oil slips as India’s COVID surge dents outlook

Reuters Key importer reports record deaths

Other Articles

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

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

Farm exports rose 16.9% in April-Feb. FY21

Oil slips as India’s COVID surge dents outlook

Fundraising via bonds jumped 14% in FY21

Home-buying budgets rose post-pandemic, says survey

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

Tamil Nadu sees over twofold jump in investments

It received projects worth over 1 lakh cr. in 2020-21, only second to Maharashtra.

Economy in better shape than during 2020’s COVID-19 wave: CEA

CEA Subramanian says uncertainty is much lower because of vaccination drive

Bond yield spikes as RBI’s purchase disappoints

‘RBI was expected to buy more paper’

WPI inflation spikes to over 8-year high of 7.39% in March

Inflation in the fuel and power basket was 10.25 % in March.

Sensex, Rupee slip amid pandemic fears as inflation surges in March

Household goods and services inflation hit a 10-month high while recreation and amusement services touched a 9-month high.

Retail inflation quickens to 5.52%

Industrial output shrinks 3.6%; ‘we are far from seeing sustained recovery, need government support’

India must capture all segments of financial market to fuel growth: IMF

India has been quite innovative on digital identity, says top official Tobias Adrian

Investment projects bounce back in Q4: report

Project execution rate highest since March 2016; private sector and government-backed capital spending taking off

Vaccine inequity threatens Mideast’s economic recovery, says IMF

IMF expects the UAE’s economy to grow this year by 3.2%, with Dubai’s World Expo, now rescheduled for October 2021, key to the nation’s recovery

Coronavirus | Prefer strict safety measures to partial lockdowns: India Inc

Restricted movement of labour will lead to a fall in production/sales, say CEOs

India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF

The IMF Deputy Chief Economist, Petya Koeva Brooks also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country’s economy.

Coronavirus | Transporters, MSMEs wary of a lockdown

Ferrying essentials may be hit as drivers head for hometowns; fresh orders on hold

Net direct tax receipts rise 5%

FY21 collections exceed estimates at ₹9.45 lakh cr.; ‘fiscal deficit may be lower’

Fitch Solutions sees RBI holding rates through FY22

Firm revises fiscal year inflation forecast to 5%, from 4.6%

Second wave poses increased risks for fragile recovery, banks: Fitch

Firm sees stress in MSME, retail loans

MF assets rose 30% in FY21, equities saw inflows in March

But investors pulled out ₹52,528 crore from debt mutual funds last month

IMF lifts China’s GDP to 8.4 %, but Gita Gopinath says growth unbalanced

The International Monetary Fund has increased China’s GDP projection to 8.4% for this year, a 10-year high, but its chief economist Gita Gopinath

RBI extends fresh support of ₹50,000 crore to NABARD, NHB, SIDBI

Regulator announces committee to strengthen ARCs

RBI extends interim WMA limit of ₹51,560 cr to states till September

Ways and means advances are temporary advances given by the RBI to the States to tide over any mismatch in receipts and payments

Economic measures taken by countries during pandemic may have unintended consequences: IMF

The global economy is beginning to emerge from the economic shock caused by the COVID 19 pandemic, Tobias Adrian, Director of the IMF's Monetary and Capital Markets Department, said on Tuesday

RBI keeps policy rates unchanged, projects GDP growth of 10.5%

Recent surge in COVID-19 infections has created uncertainty over economic growth recovery, says RBI Governor.

Expected growth of 12.5% for India but “ very severe downside risks” due to COVID wave: IMF

Averting divergent outcomes would mean “resolving the health crisis everywhere” the report says

FDI flows hit a record $72.12 billion in 10 months

But fresh foreign equity investments in Jan. 2021 fall sharply to $2.71 billion from $7.62 billion in Dec. 2020

Manufacturing activities in India eases in March; challenging times ahead: survey

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell from 57.5 in February to a seven-month low of 55.4 in March

SC order on interest waiver: PSU Banks may have to take ₹2,000 crore hit

Meanwhile, Indian Banks’ Association (IBA) has written to the government to compensate lenders for interest on interest waiver.

The Hindu Explains | How does China’s digital currency work?

How is legal tender issued by the central bank different from payments guaranteed by a third-party operator?

The Hindu Explains | What are the implications of the Finance Ministry’s decision for monetary policy?

What is the rate of consumer price inflation? Why should this concern consumers?

GST mop-up hits a record in March

The indirect tax collections were 27% higher than that in March 2020.

‘Economy, jobs to continue to bounce back this year’

Avoiding lockdowns will help: Economic Affairs Secretary

Govt notifies I-T returns forms for 2020-21

The Income Tax department has notified forms for filing I-T returns for 2020-21 fiscal, the Central Board of Direct Taxes said on Thursday."Keeping

In a first, private sector specialist appointed head of PESB

The Appointments Committee of the Cabinet has approved the appointment of Srinivasan as the chairperson of PESB for a period of three years.

Salary income of Indian workers in Gulf exempt from I-T, says Nirmala Sitharaman

In response to Trinamool MP Mahua Moitra’s tweet, the Finance Minister said that the Finance Act 2021 has not brought in any new or additional tax on Indian workers in Saudi/U.A.E/Oman/Qatar.

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The closed Banashankari 2nd Stage shopping complex on Thursday.

83K | It’s near-lockdown all week as police close non-essential establishments

53K | Sitaram Yechury’s son Ashish passes away due to COVID-19

Social worker Ashok Kurmi, dressed as Spider-Man, sanitises the area around Chhatrapati Shivaji Maharaj Terminus in Mumbai on April 21, 2021.

22K | Coronavirus | With more than 3 lakh cases, India records world’s highest single-day spike on April 21, 2021

13K | Google Doodle celebrates Earth Day 2021 highlighting the importance of planting trees

11K | Open and safe: On Modi government’s vaccination policy

View of Bengaluru during the lockdown in April 2020. File

11K | Lockdown in Bengaluru is now inevitable, say some experts

9K | The chequered legacy of a Chief Justice of India

A medic administers a dose of COVID-19 vaccine to a recipient during a vaccination drive in Gurugram on April 21, 2021.

9K | Coronavirus | Very few post-vaccine infections, says ICMR

9K | India should be a ‘Country of Particular Concern’ for Religious Freedom: U.S. Commission