Tag: Economy

Rupee movement, inflows of funds to guide Indian equities

Mumbai: Aiming to retain their psychologically- significant levels, key Indian equity indices will seek direction from the movement of the rupee, influx of foreign funds and global macro-economic data during the trade week starting March 20. “With no major domestic triggers or events in the coming week, investors should continue to keep an eye on global […]

  • Monday, 05 July 2021
CII expects economy to rebound in Oct-Mar

New Delhi: Industry body CII today said it expects a recovery in India’s economy in the second half of this financial year. The chamber said that lowering interest rates by 100 basis points could inject a huge growth impulse. In a statement, the Confederation of Indian Industry pointed out that in many sectors, including automobiles, […]

  • Tuesday, 29 June 2021
Mobile industry contributes $1.1 tn to Asia Pacific economy: Study

Shanghai: The mobile industry in Asia Pacific contributes more than $1 trillion per year to the region’s economy, fuelled by rising mobile broadband and smartphone penetration, a new report by Groupe Speciale Mobile Association (GSMA) said. GSMA is an association of mobile operators and related companies devoted to supporting the standardising, deployment and promotion of […]

  • Tuesday, 22 June 2021
Naveen blames Centre's economic polices

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Friday said the state would perform well on economic front despite the Centre’s “faulty” policies. “During the first two years of the 12th Plan faulty policies of the Centre and general economic slow down have affected growth, but we hope to do better in the coming years,” Patnaik […]

  • Monday, 21 June 2021
Despite IMF Projections, India Still Among Fastest Growing Economies: FM Sitharaman

Washington: India remains among the fastest growing economies of the world and efforts are being made to make it grow faster, said Union Finance Minister Nirmala Sitharaman. The International Monetary Fund (IMF) has projected a reduced growth rate for India, but the country’s economy is “still growing as the fastest”, she told a group of […]

  • Saturday, 24 April 2021
Shiv Sena On Economy: Itna Sannata Kyu Hai Bhai

Mumbai: Invoking the famed ‘Sholay’ dialogue, “itna sannata kyun hai bhai”, the ruling ally Shiv Sena on Monday made a resounding critique on the economic slump which it said “is evident in the subdued Diwali celebrations this year”. Strategically ahead of the tough negotiations for forming the next government in Maharashtra, the Sena launched a […]

  • Saturday, 24 April 2021
Low GDP Not For The First Time, Economy To Bounce Back: PM Modi

New Delhi: Noting that the economy has gone through ups and downs in the past too, Prime Minister Narendra Modi on Friday cited macroeconomic data from previous governments to suggest that the economy would bounce back again with much vigour and strength. Speaking at the centenary event of industry chamber Assocham, Modi said that GDP […]

  • Thursday, 22 April 2021
Indian Economy May Grow At 6% In 2020

New Delhi: Fears of an economic crisis in India are likely to decrease and the country may recover from decelerating growth in 2020, a new report said on Tuesday. According to US-based private equity firm Blackstone, this year the Modi government is likely to continue business-friendly growth reforms, and the Indian economy is likely to […]

  • Wednesday, 21 April 2021
Banks remain open, ATMs filled up: Union Finance Min

New Delhi: Banks are ensuring that their branches remain open and ATMs (automated teller machines) functional with adequate cash amid the nationwide lockdown, according to the Union Finance Minister, here on Monday. Taking to Twitter, Finance Minister Nirmala Sitharaman also said banking correspondents were active. “All banks are ensuring that their branches are kept open, […]

  • Sunday, 18 April 2021
COVID-19: RBI offers more sops to ease compliance burden

New Delhi: The Reserve Bank of India has announced new measures to ease the compliance burden on sectors of the Indian economy most affected by the coronavirus scare. Accordingly, it has extended realisation period of export proceeds to give more time to exporters to comply with regulations. Presently, the value of goods or software exports […]

  • Sunday, 18 April 2021
India should put in large enough stimulus package to revive demand: Abhijit Banerjee to Rahul Gandhi

New Delhi: India should come out with a large enough stimulus package to revive demand, Nobel laureate Abhijit Banerjee said on Tuesday, asserting that putting cash in the hands of people would be the best way to boost the economy post lockdown. Banerjee, while talking to Congress leader Rahul Gandhi through video-conferencing, suggested giving money […]

  • Saturday, 17 April 2021
China's GDP Surges To Record 18.3 Per Cent In Q1

Beijing: China’s economy grew a record 18.3 per cent in the first quarter of 2021, riding on strong domestic and foreign demand and aided by recovery from a low base…

  • Friday, 16 April 2021
At FSDC Meet, FM Nirmala Sitharaman Takes Stock Of Economy Amid COVID-19

New Delhi: Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy at the meeting of the Financial Stability and Development Council (FSDC), in view of disruptions caused by the COVID-19 pandemic. This was the first meeting of the FSDC, which comprises RBI Governor and other financial sector regulators, since the coronavirus outbreak. […]

  • Friday, 16 April 2021
India's Economic Revival May Take 6 Months, Say Business Leaders

New Delhi: India will emerge stronger from multiple crises of economy, pandemic and super cyclone in the next 6-9 months, say industry leaders, based on the resilience shown by people, businesses and the government. The telecom and information technology will be key to survival and revival of lives and economy, said the business leaders as […]

  • Friday, 16 April 2021
Odisha State Planning Board Asks Officials To Submit Plans For Revival Of Covid-Hit Economy

Bhubaneswar: In order to revive the economy hit by Covid-19 pandemic, the State Planning Board has directed officials of different departments to submit revival proposals within a week. The apex planning body of the State government held a meeting at the Lok Seva Bhawan on Tuesday which was chaired by its deputy chairman Sanjay Das […]

  • Friday, 16 April 2021