Finance Ministry starts Budget making process amid contraction pressure

The Union Finance Ministry has kick-started the process to prepare the annual Budget for 2021-22. This will be the third Budget of Finance Minister Nirmala Sitharaman and eighth of the Narendra Modi government. Continue Reading

India’s economy destroyed by demonetisation, flawed GST, failed lockdown: Rahul

Congress leader Rahul Gandhi has hit out at Union Finance Minister Nirmala Sitharaman by claiming that the Indian economy has been destroyed by three actions — demonetisation, flawed GST and a failed lockdown. Continue Reading

Gujarat, Tamilnadu lead in export preparedness

Gujarat topped among all the states and Union Territories in terms of export preparedness, followed by Maharashtra and Tamilnadu, according to the Export Preparedness Index (EPI) prepared by NITI Aayog. Continue Reading

‘India’s real GDP could have shrunk’

The Covid-19 pandemic is taking a heavy toll on the Indian economy with estimates now suggesting that the country’s real GDP may have shrunk by 5 per cent in July as compared to the same month last year, continuing the trend of slowdown that showed more pronounced manifestation in the April-June quarter. Continue Reading

It’s time to stabilise economy while continuing Covid battle: Modi

Prime Minister Narendra Modi today said that while the country continues to fight the Covid-19 crisis, the time is to stabilise and speed up the Indian economy. Continue Reading

IMF slashes India’s growth rate to 1.9%

India is likely to record its worst growth performance since the 1991 liberalisation this fiscal year as the coronavirus outbreak severely disrupts the economy, the World Bank said. Continue Reading

Finance Minister urges industries to partner with government for growth

Finance Minister Nirmala Sitharaman exhorted the industry to shun hesitation and be a partner in driving growth, saying the government has already initiated several measures and is willing to take more steps. Continue Reading

Indian economy not in recession, says IMF

The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.

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RBI governor: Current economy may pose challenges

Reserve Bank Governor Shaktikanta Das said that the current economic conditions may pose certain challenges to banks, and urged them to be proactive in tackling them. Continue Reading

Editorial: Reform, Refresh

At a time when reports making alarming claims on Indian economy, Union Finance Minister Nirmala Sitharaman has said the government is open to further reforms for making India a more attractive investment destination. Continue Reading