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Tight times: Some producers are struggling to pump at their allowed capacities due to underinvestment, outages.

Oil rises past 7-year high on supply fears

Reuters Brent jumps to highest level since October 2014; analysts see shortfalls pushing prices to $100 a barrel

Representational image.

Third wave to dent Housing Finance Companies' asset growth by 200 bps

Special Correspondent Crisil sees more organic consolidation

Representational image.

India extends another $500 million LoC to Sri Lanka for emergency fuel import

Meera Srinivasan India on Tuesday extended a $500 million-Line of Credit (LOC) to Sri Lanka for urgent fuel imports, days after providing $900 million relief to the island nation facing one of its worst economic downturns. “External Affairs Minister Dr. S. Jaishankar extended this critical support in his letter addressed to the Foreign Minister of Sri Lanka Prof. G.L. Peiris,” a statement from the Indian High Commission in Colombo said, of the emergency assistance Sri Lanka had sought from India to tide over its

Omicron overhang: Fresh lockdowns in several cities and the slowdown in the fourth quarter have also cast a shadow.

China’s economy grows 8.1% to $18 tn

Ananth Krishnan Fastest expansion since 2011 was driven by exports, consumption; slump in birth rate clouds outlook

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Oxfam report says over 16 crore more people forced into poverty in two years of pandemic

Budget | FADA seeks GST rate cut on two-wheelers

ATF price hiked by 4.2%

Explained | Why is India challenging WTO verdict on sugar?

India’s trade with China crosses $125 billion, imports near $100 billion

WPI inflation eases to 13.56% in December; food items, veggies see price rise

What is social constructivism

Understanding one of the key strands in IR theory

U.S. consumer inflation soared 7% in past year, most since 1982

Rising prices have wiped out the healthy pay increases, that many Americans have been receiving, making it harder for lower-income families to afford basic expenses

Retail inflation rises to 5.59 % in December

Food inflation rose to 4.05 % in December.

Households expecting higher inflation affects bank savings: RBI paper

Sentiment shapes consumption patterns, savings: RBI paper

Retail sales rise 7% over pre-pandemic level: RAI

‘Pace of growth drops on COVID wave’

Income tax returns filing deadline for corporates extended till March 15

The deadline to file tax audit report and transfer pricing audit report for 2020-21 fiscal too has been extended till February 15.

Indian economy to see 9.5% growth this fiscal: Arvind Virmani

Mr. Virmani noted that COVID-19 pandemic hit economic recovery and pushed for tax reforms.

Third wave set to delay multiplex recovery: Crisil

‘Big ticket movie releases postponed indefinitely’

Startups can play important role to socialise, democratise availability of healthcare: Goyal

“Entrepreneurs should focus on strengthening the Make in India programme”

GST evasion: notices issued, but ‘no record of outcome’

DGGI reply to RTI query cites action on evasion of ₹9,359 cr.

‘India to surpass Japan as Asia’s 2nd largest economy by 2030’

IHS Markit sees consumption spending doubling over a decade to $3 tn by 2030

NSO estimates FY22 GDP growth at 9.2%

COVID-19 could impact final numbers, says the National Statistical Office.

Inflation hits record of 5% in 19 countries using the euro

The rise was led by a surge in energy prices, according numbers released Friday by the European Union's statistical office.

Nirmala Sitharaman reviews PSBs’ readiness to tackle any Omicron-induced disruption

India Ratings and Research cut its forecast to 9.3%, from 9.4% earlier, while Brickwork Ratings has revised its estimates to 8.5-9% from 10%.

Banks’ asset quality at risk from COVID-19 third wave, says ICRA

Restructured loan book particularly vulnerable, borrowers may seek more time

Ministry for removal of import duty on cotton

Garment exporters to strike over prices

Omicron not to impact GDP much: official

India better prepared: Mr. Jain

Power CPSEs Capex rises 47% to ₹40k crore in April-December

CPSEs have also collectively met 80% of the Capex target of FY 2021-22

‘Growth may drop by 40 bps on Omicron’

With Omicron variant of coronavirus fast spreading in the country, ICRA Limited. expects that India’s GDP growth for Q4 FY22 would be 40 basis points

India's coal production stands at 74.8 million tonnes for December

Coal production up by 6.7% compared to 2019

India’s services sector activity hits 3-month low in December: survey

For the fifth straight month, the services sector witnessed an expansion in output. In Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction

RBI promotes Kumar, Choudhary as EDs

RBI promotes Kumar, Choudhary as EDs The Reserve Bank of India has elevated Deepak Kumar and Ajay Kumar Choudhary as Executive Directors (EDs) with

ATF price hiked by 2.75%, LPG cut by ₹102.5

This is the first reduction since October 6. Rates had gone up from ₹1,734 per 19-kg cylinder to ₹2,101 on December 1.

5.89 crore IT returns filed by December 31 deadline

Number of returns filed by last year’s deadline was 5.95 crore

GST collections slip below ₹1.3 lakh crore in December

December is the sixth month in a row when revenue from goods sold and services rendered stood at over ₹1 lakh crore

Wheat exports jumped to $872 million in April-October

Bangladesh top destination: Ministry

Fiscal deficit narrowed in April-November to 46% of full-year target

The deficit for eight months stood at ₹6.96 trillion

No extension of IT return filing deadline, says government

Tarun Bajaj said returns filed so far are more than those filed in the previous year.

GST Council defers implementation of tax rate hike on textiles

Currently, tax rate on manmade fibre (MMF) is 18 per cent, MMF yarn 12 per cent, while fabrics are taxed at 5 per cent.

Electoral bonds sale opens on Jan 1

Launched in March 2018, this is the 19th tranche of electoral bonds sale.

RBI extends KYC deadline to March 31

The Reserve Bank of India (RBI) extended the deadline for mandatory periodic updation of customer KYC by regulated entities till March 31, 2022.As

EPFO says no last date for e-nomination

The Employees Provident Fund Organisation (EPFO) on Thursday clarified that account holders can add nominees to their Employees Provident Fund (EPF)

Pre-Budget meeting | States demand extension of GST compensation for another 5 years

GST compensation to States for revenue shortfall resulting from subsuming of local taxes such as VAT in the uniform national tax will end in June.

The regression theorem

Explaining the origins of money as a commodity with intrinsic value

Income-Tax department eases norms for ‘faceless’ appeal scheme

Commissioner (Appeals) to allow hearing via video

Government may find it hard to meet fiscal deficit target, says RBI

Gross borrowing to stay elevated: RBI

‘OCIs buying property don’t need RBI nod’

The Reserve Bank of India (RBI) has clarified that Overseas Citizens of India (OCIs) do not require approval for purchase or transfer of immovable

‘Bank GNPAs may rise to 9.5% by September’

Governor flags inflation concerns in report, seeks supply-side measures to contain food, energy prices

RBI flags Omicron threat to growth; says banks strong enough to face challenges

Admitting that inflation remains a concern as it is by the build-up of cost-push pressures, Mr Das has called for stronger supply-side measures to contain food and energy prices

I-T department relaxes time till February 2022 for taxpayers to complete verification of FY'20 ITRs

Alternatively, taxpayers can send a physical copy of the ITR filed to the CPC office in Bengaluru

India's GDP to grow 9% in FY22 and FY23: ICRA

‘Net loss to economy from pandemic estimated at ₹39.3 trillion during 2021-23’

Expect inflation-indexed annuities soon: Pension Fund body chief

Talking to IRDAI for options with returns linked to pace of price rise: PFRDA chief

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