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Job loss bodes ill for economy, spurring demand is key, says Mahesh Vyas

K. Bharat Kumar April’s labour participation rate was lower than in March 2020, says CMIE’s Vyas.

In nine increases, petrol price has risen by ₹2.19 per litre and diesel by ₹2.49. File

Petrol, diesel price hiked again; petrol price nears ₹99 in Mumbai

PTI A litre of petrol in Mumbai now comes for ₹98.88 and diesel is priced at ₹90.40 per litre

Déjà vu: States might seek a discussion on the plans to meet compensation shortfalls that may arise this year. K. Pichumani

GST Council to convene on May 28

Special Correspondent Centre, States likely to discuss inclusion of petroleum products, levies on critical COVID supplies

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman. File

Finance Minister Nirmala Sitharaman to hold GST Council meeting on May 28

Special Correspondent Issues such as Inclusion of petroleum products under the GST regime, levies on critical COVID-19 supplies, vaccines are to be taken up

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Job loss bodes ill for economy, spurring demand is key, says Mahesh Vyas

WPI soars to 10.5% in April

petrol price and diesel price

Petrol, diesel price hiked again; petrol price nears ₹99 in Mumbai

GST Council to convene on May 28

Finance Minister Nirmala Sitharaman to hold GST Council meeting on May 28

Petrol, diesel prices rise again, reach record highs

‘Stalled projects’ completion is stimulus’

Centre’s push to help fund stranded housing projects lends boost to realty, core sectors: Sitharaman

Private equity, venture capital flows grow sixfold on low base

April sees 67 deals fetch $7.5 billion; e-com logs $3.7 billion

‘Lockdowns to dent gold sales on Akshaya Tritiya’

Dealers pin hopes on digital demand

April fuel sales decline 9.4% on COVID wave

Diesel slides 9% from April-2019 level

Inflation eases to 4.29%; base lifts IIP

Softer food prices spur April CPI-based inflation to 3-month low, March industrial output jumps 22.4%

WTO chief hopes to seal IP waivers for COVID vaccines in Dec.

She expresses her anguish at second wave of COVID-19 that had engulfed India and hopes the situation will be resolved soon

Equity MF inflows slump in April amid pandemic

Net inflows slid to ₹3,437 cr. last month

Nomura pares FY22 growth estimate to 10.8%

‘Lockdowns to impact economy’

SEBI pitches for ‘person in control’ over ‘promoter’

‘Often, PE investors hold special rights’

Oil refiners cut output, imports as pandemic hits fuel demand

Sales in May could be about 5% lower than April, says HPCL Chairman Surana

Moody's slashes India’s growth projection to 9.3% from earlier estimate of 13.7%

Spread of the COVID-19 virus as well as the rate of vaccinations will have a direct impact on economic outcomes

Centre can cut GST rates on COVID-19 vaccines, critical supplies, say experts

Finance Minister had said GST exemption to vaccine would be counterproductive without benefiting consumer

SEBI’s sustainability reporting norms mandate ESG overview

Disclosures must on gender diversity, cybersecurity

‘Small finance banks may lend ₹3,000 cr. to MFIs’

‘Priority sector tag to boost liquidity’

Centre rectifies error in treatment payment note

The word ‘payee’ in May 7 notification is to be read as ‘payer’.

Petrol, diesel prices at record highs; crosses ₹100-mark in Maharashtra

This is the second time this year that rates in some parts have crossed the ₹100-a litre mark

Nirmala Sitharaman lists tax waiver on COVID-19 relief goods

West Bengal CM wrote to PM Modi to waive taxes, duties on medical equipments, drugs.

Conditions that come with the government’s nod for cash payments for COVID-19 treatment pose a challenge

Although the ceiling of ₹2 lakh cash payment has been temporarily removed, those without PAN or Aadhaar are likely to face hurdles, say tax lawyers.

Govt. alerts PSBs as Cairn may seize overseas assets

Oil firm won $1.2 bn award in tax case

India requires two lakh ICU ventilators, says device maker

‘Country has only 25,000 personnel familiar with machines'

Coronavirus | Oxygen curbs hit container availability

Exports affected as ‘thousands of damaged containers unusable’; gas key to welding process in repairs

RBI sets up advisory group to assist regulatory review authority

Headed by SBI Managing Director S Janakiraman, the advisory group will assist the RRA by identifying regulations, guidelines, and returns that can be rationalised.

SBI report emphasises on vaccination, says nearly half of the new cases in rural India

‘Economy taking a severe hit from 2nd wave; Growth hopes fading'

Finance Ministry releases ₹9,871 crore as revenue deficit grant to 17 States

With this second installment, the total amount released during of the first two months of the current financial year has reached ₹19,742 crore.

Petrol price hiked by 25 paise, diesel by 30 paise

Crude oil prices in the international market have risen primarily on account of strong U.S. demand recovery and a weak dollar

RBI steps in to ease COVID-19 burden

Small businesses, MSMEs to get relief.

No meeting of GST council called in last 6 months: Punjab FM

States have deciding rights in the council, he says

India’s services sector activities eased to 3-month low in April amid COVID crisis: survey

The seasonally adjusted India Services Business Activity Index fell to 54 in April from 54.6 in March, the slowest increase in output in three months

‘Bulk tea firms may see a financial slump in FY22’

Prices to drive extent of decline: ICRA

Fiscal metrics to stay weak on COVID: S&P

‘FY22 GDP impact may be 100-300 bps’

MFIs flag rural borrower distress to RBI

Lenders plead for central bank relief, say small-ticket, rural customers hit harder by second wave

Petrol price up 15 paise, diesel 18 paise after over two-week hiatus

Petrol price on Tuesday was increased by 15 paise per litre and diesel by 18 paise as state-owned fuel retailers started passing on the increase in

Export orders healthy, demand rising: FIEO

‘Pandemic likely to peak by mid-May’

Factory orders, production rise at slowest rates in 8 months in April in India: PMI

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was at 55.5 in April, little changed from March’s reading of 55.4

GST return deadlines extended; late fee waived

These concessions granted for a limited time window of a fortnight to a month, effective May 1

Govt waives late fee for delayed filing of March, April GSTR-3B, tax payment

Taxpayers with a turnover of over Rs 5 crore have been given 15 days extra time to file monthly summary return GSTR-3B and pay taxes without paying any late fees.

GST revenues touch all-time high of ₹1.41 lakh in April

FinMin cites resilience of Indian industry

‘April GST collections may go up to ₹1.2 lakh cr.’

E-way bills will cross 5.5 cr.: SBI report

Coronavirus | Second wave hurting India’s recovery: S&P Global Ratings

Rating agencies flag risks from ‘escalating’ infections; ICRA says faster vaccine roll-out ‘critical’

India’s GDP to grow at 11% this fiscal, says ADB

The Asian Development Bank cautioned that the surge in COVID-19 cases may put India’s economic recovery at risk.

Coronavirus | Economy holding up against virus surge: RBI

It bases hope for continued recovery on earnings, rise in use of capacity, electricity consumption

A month of national lockdown can eat up 1-2% of GDP: Report

“A month of nationwide lockdown costs 100-200 bps of GDP. This poses a 300 bps risk to our 9% real GVA growth forecast for FY22,” Bank of America Securities India economists said

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