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GDP grew 8.4% in Q2, but recovery appears patchy

Special Correspondent Private consumption still below pre-pandemic levels

Sanjeev Sanyal, Principal Economic Advisor. File.

Singapore fits into India’s development journey: Principal Economic Advisor Sanyal

PTI Describing Singapore as an excellent example of development, he said, “We have a lot to learn from Singapore.”

The GST revenues for the month of November 2021, are 25% higher than November 2020, and 27% higher over November 2019.

GST mop up in November at ₹1.31 lakh crore, second highest since rollout

Vikas Dhoot CGST refers to Central Goods and Services Tax, SGST (State Goods and Service Tax) and IGST (Integrated Goods and Services Tax)

Union Finance Minister Nirmala Sitharaman. File

New Bill on cryptocurrency after Cabinet approval: Sitharaman in Rajya Sabha

Special Correspondent Replying to a series of questions in the Rajya Sabha, Finance Minister Nirmala Sitharaman said, “This Bill, once the Cabinet clears, will come into the House.”

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India should free up exchange rate moves: U.S.

IMF may cut growth view on Omicron

Lot of unhealthy speculation on crypto taking place, says FM

Assam’s highest civilian award for Ratan Tata

Singapore fits into India’s development journey: Principal Economic Advisor Sanyal

Adani meets Mamata, talks investments

‘China advisers to moot lower GDP goal’

Advisers said to recommend cut in growth target for 2022 from this year’s 6% aim as headwinds grow

What is Public Choice in economics?

Public choice refers to an economic approach towards the study of politics. American Nobel laureate James Buchanan, a prominent member of the Virginia

India-China trade deficit at $30 bn in April-Sept. ‘21

Exports stood at $12.26 billion: MoS

Debt-to-GDP ratio of States worrying: RBI

The combined debt-to-GDP ratio of states is expected to remain at 31% by end-March 2022, which is worryingly higher than the target of 20% to be

GST collections surge in November

At ₹1.31 lakh crore, it is the second highest mop-up since the roll-out of the system.

Power consumption rises 3.6% to 100.42 billion units in November

Power Ministry data shows that there is recovery in power consumption as well as demand in November

Excise mop-up from fuels doubled in FY21

Government collected ₹3.72 lakh crore

‘Non-food bank credit grew at 6.9%’

Loans to agriculture and allied activities continued to perform well, registering an accelerated growth of 10.2% in October 2021 as compared with 7.2% in October 2020

Core sector growth rebounds

Cement, coal, electricity and refinery products drive October’s 7.5% expansion

India to log double-digit growth this fiscal: Chief Economic Adviser

He also said the seminal second generation reforms would help the country grow over 7% during this decade.

Govt debt at 62 % of GDP; capable of repaying liabilities: MoS Finance Chaudhary

Central government debt is estimated at about 62 % of GDP for this fiscal and it is capable of repaying its liabilities, Minister of State for

Centre's fiscal deficit at ₹5.47 lakh crore at end-October

For the current financial year, the government expects the deficit at 6.8% of GDP or ₹15.06 lakh crore

Core sector growth rebounds in October

On a month-on-month basis, output was 7.3% higher in October compared to September’s seven-month low print of the Index of eight core industries

GDP grew 8.4% in Q2, but recovery appears patchy

Double-digit growth likely for 2021-22, says CEA

Inflation across eurozone hits record high of 4.9%

Inflation spike in November was largely the result of a huge spike in energy costs

New cryptocurrency bill will be introduced soon: Government

It will account for changes in virtual currency world: Nirmala Sitharaman

We don't track crypto trading: Finance Ministry

‘RBI Act needs amendments for an official digital currency’

‘Omicron fogs global economic outlook’

Moody’s Analytics flags unknowns

Net direct tax revenue rose 68% till November 23: MoS

Gross GST collection showing rising trend, says Chaudhary

Per capita out-of-pocket health expenditure declines from ₹2,336 to ₹2,097, says report

The National Health Accounts estimates for India for 2017-18 was released on Monday by Health Secretary Rajesh Bhushan.

India, South African Ministers ‘discussed plans for TRIPS waiver push’

We held talks hours before WTO meet was called off, says Commerce Minister Piyush Goyal

WTO delays key meeting amid new COVID-19 variant concerns

The MC12 conference at WTO headquarters in Geneva was set to take up key issues.

Govt. proposes framework for cross-border insolvency; seeks comments till December 15

Corporate Affairs Ministry has proposed immediate application of cross-border law for corporate debtors and personal guarantors to corporate debtors

The uncertainty around cryptocurrency

Why has the latest Bill regarding digital currencies, which is to be tabled in Parliament, caused widespread distress among crypto-investors?

Bring in three-rate GST structure, says study by Finance Ministry-backed think-tank

National Institute of Public Finance and Policy study says Government can rationalise the rates without losing revenues.

Strong demand, pace of jabs augur well: Moody’s

‘India’s GDP to grow 9.3% in FY22’

International airport at Jewar to bring Noida, Greater Noida at par with Gurugram: Realtors

Prime Minister Narendra Modi on Thursday laid the foundation stone for the Noida International Airport

Falling back on reserves to tilt the scales

Will the move to exert pressure on the powerful OPEC+ oil producers, that turned down suggestions to enhance output, pay off or prove counter-productive?

Niti Aayog bats for full-stack digital banks

Digital banks will be subject to prudential and liquidity norms at par with the incumbent commercial banks, Niti Aayog said in a discussion paper

RBI must aid growth by staying accommodative: Assocham

Reversal risks faster revival: Assocham

Concept of Aadhaar data vault 'fallacious'; adversely impacting purpose: R.S. Sharma

The objective of Aadhaar data vault, as explained by the UIDAI, is to reduce the footprint of Aadhaar numbers within the systems.

States get ₹95,082 crore in tax devolution

Government of India releases two instalments of tax devolution

NaBFID to begin lending operations with 190-200 big infrastructure projects: K.V. Kamath

Will also look into other roles that the NaBFID could play for the government, "say the monetization pipeline"

India’s GDP growth to rise to 9.1% in 2022: Goldman Sachs

Goldman Sachs predicts the continuation of government capital spending and sees nascent signs of the private corporate capital expenditure recovery, including a revival in housing investment

India to release 5 millon barrels of crude oil from strategic reserves

India has been the most forceful about flexing its muscles as a major oil consumer, cutting shipments from Saudi Arabia by about a quarter after OPEC+ extended production cuts

SBI upgrades growth hopes to 9.3%-9.6% for 2021-22

Expects 8.1% rise in GDP in second quarter

Govt. to exceed FY22 tax collection target, direct tax mop-up at ₹6 lakh crore till Oct.: Revenue Secy.

The government has budgeted a 9.5% growth in tax collections at ₹22.2 lakh crore for 2021-22 fiscal The government has budgeted a 9.5% growth in tax collections at ₹22.2 lakh crore for 2021-22 fiscal

Nirmala Sitharaman clears 2 GIFT City proposals

The Finance Minister announced the formal clearance of ₹269.05 crore for supervisory technology fund for IT infrastructure and ₹200 crore for headquarter building

EPFO board allows faster decisions on investment opportunities

‘Significant decision would yield higher rate of return’

Industry expresses disappointment after Centre notifies higher GST rates for textiles, clothing

'Move will lead to higher prices for common man, spur inflation'

WTO must rein in nations violating trade rules: Piyush Goyal

Commerce and Industry Minister calls for a reboot of the way the world body goes about its business to deal with such situations.

PM Modi to fugitive economic offenders: return to country

“In our attempt to bring back fugitive [economic offenders], we relied on policies and law and also used diplomatic channels. The message is very clear — return to your country. We are continuing these efforts,” says PM Modi

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