Indian economy poised for recovery in FY22: SBI chairman

Although the second wave of the Covid-19 pandemic again brought businesses and economic activities to a standstill, Chairman of the State Bank of India (SBI), Dinesh Kumar Khara has expressed hope that the country’s economy would recover in the ongoing financial year. Continue Reading

All eyes on Monday as India vows to unveil Union Budget like never before

India is eagerly waiting for 1 February, as Finance Minister Nirmala Sitharaman will table the Union Budget amid expectations that large scale relief measures will be announced to revive Covid-hit economy. Continue Reading

From Covid to border, India meeting all challenges: Modi

Prime Minister Narendra Modi said that India last year showed it is capable of taking all steps to meet challenges, be it from the coronavirus or at its borders. Continue Reading

Indian economy reviving at unforeseen pace: RBI

As economic activities gather momentum and strive to get back to pre-Covid levels, the Reserve Bank of India has said that the Indian economy is reflating at a pace higher than most predictions. Continue Reading

Finance Minister reviews major macroeconomic developments

Union Finance Minister Nirmala Sitharaman on Tuesday reviewed the major macroeconomic developments and Financial Stability issues (global and domestic) with special reference to vulnerability related issues, chairing the 23rd Meeting of the Financial Stability and Development Council (FSDC) through video conference, said an official statement. Continue Reading

Industry body says India economy on verge of slow recovery

In some positive news that gives hope amid these tough times, PHD Chamber of Commerce and Industry (PHDCCI) said it expects India’s GDP to contract by 7.9 per cent in the current financial year and grow by 7.7 per cent in 2021-22. It also said that the worst is over and the economy is on the verge of a slow recovery. Continue Reading

Direct tax revenue has grown 78% from 2014 to 2019: FM

Presenting the Union Budget, Finance Minister Nirmala Sitharaman thanked taxpayers for being responsible citizens and for their valuable contribution through taxes which has helped all-round development of the country. Continue Reading

Loss of industrial output momentum to dampen GDP growth: Report

India Ratings and Research (Fitch Group) in its recent report has stated that the loss of momentum in the industrial output growth, expected lower-than-normal monsoon for the year and continued agrarian distress, are reasons for it. Continue Reading

India Q3 GDP growth moderates to 6.6%, slowest in 5 quarters

Estimates made by global bodies and expert firms on India’s economy were in the wrong as the Central Statistics Office (CSO) deferred from their viewpoint, revising the GDP growth forecast to lesser than what was projected earlier. Continue Reading