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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

Pillar of support: The last-mile funding for stalled projects has given priority to middle class families, the FM says.

‘Stalled projects’ completion is stimulus’

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

‘Lockdowns to dent gold sales on Akshaya Tritiya’

Special Correspondent Dealers pin hopes on digital demand

Other Articles

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GST reduced tax rates, doubled taxpayer base to 1.24 crore: Finance Ministry

Don’t read too much into green shoots, it’s a mechanical rebound: Subbarao

‘RBI at end of rate-cut cycle, fiscal steps must for recovery’

Income Tax refunds worth ₹88,652 cr issued to 24.64 lakh taxpayers

Monetary arsenal must be kept dry for use: Das

‘Slowdown to extend as virus goes rural’

Banks set to restructure up to ₹8.4 lakh cr. of loans: Ind-Ra

‘More than 60% of amount may have turned NPA’

World Bank may forecast steeper India contraction

‘Critical reforms needed in key sectors’

India can get back to 7% growth: IMF India Mission Chief

“If we look at India in the longer-term, say since the early 1990s, the country has had a record of gradual structural reform. We think it is urgent to get back to that once the crisis is over,” says Ranil Salgado

India’s GDP to shrink 16.5% in Q1: SBI report

Earlier in May, Ecowrap had estimated Q1 GDP contraction at over 20% and now pegs it lower

Japan’s record economic plunge guts Abe era gains

GDP shrinks 27.8%, consumption slides

Comment | Re-imagining and reinventing the Indian economy

A two-pronged strategy is the need of the hour

Watch | Why did gold prices spike in July?

A video explainer on the rise in gold prices around the world in July 2020

July sees trade back in deficit as gold, pharma imports rise

Exports rise in 16 of 30 major products; petro products, gems and jewellery drag

RBI to transfer ₹57,128 crore surplus to Centre for FY20

Last year, the central bank had transferred ₹1.76 lakh crore, which included ₹1.23 lakh crore as dividend and ₹52,637 crore of excess provisions.

WPI inflation falls 0.58% in July, food prices spike

WPI inflation in June was at (-)1.81%, while for the month of May and April it was (-)3.37% and (-)1.57% respectively.

Mutual fund SIP inflows hit 22-month low in July at ₹7,831-cr

Investments in mutual funds through Systematic Investment Plans (SIPs) hit a 22-month low of ₹7,831 crore in July amid market volatility.Inflows

Retail inflation rises to 6.93% in July

It is for the second consecutive month that the retail inflation has been above the RBI’s comfort level

Fuel demand dips 11.7% in July

Mini lockdowns may have reversed uptick seen in May, June

From carats to peanuts: how a pandemic upended the global diamond industry

As supply chains are convulsed by COVID-19, polishers switch to farming

Economic disruption to rural economy less severe, says Birla

UltraTech plans ₹1,500 cr. capex; group head sees 6-8% GDP growth next fiscal

‘India to face economic challenges for many years’

Potential growth has slowed: UBS

U.K. economy officially in recession after 20.4% Q2 slump

The slump recorded by the Office for National Statistics follows a 2.2% quarterly contraction in the first three months of the year.

Narendra Modi to launch ‘Transparent Taxation - Honouring the Honest’ platform tomorrow

The virtual event will be witnessed by various chambers of commerce, trade associations, chartered accountants’ associations and “eminent” taxpayers, the statement issued on Wednesday said

June industrial output shrinks 16.6%

India’s industrial output fell 16.6% year-on-year in June, shrinking for the fourth month in a row, though the monthly measure indicated some recovery

Debt revamp to prolong banks’ asset quality uncertainty: Fitch

‘Scheme may be designed to give lenders more time to build capital buffers’

Centre releases ₹6,195 cr to 14 States

They get grants-in-aid to cover deficit on post devolution revenue

Data | Government's tax revenue records sharp downfall, expenditure increases

Fiscal deficit widens to 83% of the year's target in the very first quarter; GST dropped 41% y-o-y

Balance of payments will be strong this year, says Goyal

Minister cites green shoots in economy, says exports have shown turnaround

Oil climbs on China data, hopes for U.S. package

Aramco bullish on Asian fuel demand

India’s imports from China rise in June and July

India’s imports from China have risen to $5.6 billion in July, climbing for the second straight month, although imports are still down by 24% from

‘Loan recast to aid small firms, retail borrowers’

RBI move to soften virus impact: Crisil

Government looks at mixing biogas with natural gas

Oil Secretary Tarun Kapoor said India is an agricultural economy largely and there is a large amount of agricultural residues available, providing good scope of producing biofuels.

Economy may need stimulus on demand side: Niti Aayog Vice-Chairman Arvind Panagariya

Economist sees growth pick up as a signal for intervention

Nitin Gadkari exhorts industry to identify sectors to boost exports, make India ‘self-reliant’

To boost ‘self-reliant India’ endeavour, Union Minister Nitin Gadkari on August 8 urged the industry to identify the sectors heavily reliant on

‘Timely approval of recast key to avoiding sharp credit cliffs’

Move will help ease liquidity pressure on companies: Crisil

Debt recast may neither help ailing MSMEs nor lenders, says industry body

Viability’s meaning changed due to COVID-19: industry body

RBI sets up panel for stressed loans resolution norms

Names members including ADB’s Gupta, IBA’s Mehta

Reserve Bank of India reveals nation’s mood: Rahul Gandhi

He also said one can expect more bad news on jobs and the country’s economy.

Easy liquidity led to faster monetary transmission: Das

‘Banks passed on 162-basis point rate cuts in 17 months’

Regulator extends debt recast plan for MSMEs

Scheme extended till March 2021

RBI enhances gold loan-to-value ratio to 90%

This is applicable only till March 31, 2021.

RBI keeps key policy rates unchanged

It allows banks to restructure corporate, individual loans

Coronavirus | Worst seems to be over, farm sector to cushion virus impact on economy, says FinMin report

Rise in COVID-19 cases and subsequent intermittent lockdowns make the recovery prospects fragile, the Macroeconomic Report for July, released by the Economic Affairs Department said.

Watch | UAE launches first nuclear power plant

A video on Barakah, Arab world's first nuclear plant

Rising real lending rate roiling RBI rate cuts: report

Resultant fall in credit flow shows GDP contraction: BofA

Euro zone manufacturing returns to growth in July

PMI reveals modest expansion, zone’s first since early 2019

Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark

As per the latest figure, there are 40.05 crore beneficiaries of this scheme and deposits in Jan Dhan bank accounts are in excess of ₹1.30 lakh crore.

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