New Delhi: Finance Minister Nirmala Sitharaman on Thursday announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provide incentives for new job creation as the government widened stimulus measures to boost the economy. The measures, that also include additional fertiliser subsidy and already announced production-linked inventive scheme for […]
New Delhi: Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC’s […]
Mumbai: The Indian economy has exhibited stronger pick up in momentum of recovery than expected, said Reserve Bank of India Governor Shaktikanta Das on Thursday. Addressing the 4th Annual Day of Foreign Exchange Dealers’ Association of India (FEDAI), he cited that a multi-speed normalisation of activity in Q2FY21, after the country witnessed a sharp contraction […]
New Delhi: India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter […]
Washington: India’s economy, severely affected by the coronavirus pandemic, is gradually recovering, the International Monetary Fund said on Thursday. India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. […]
Washington: India’s economy is estimated to contract by 9.6 per cent in the fiscal year 2020-21, reflecting a sharp drop in household spending and private investment, and the growth is expected to recover to 5.4 per cent in 2021, the World Bank said on Tuesday. In its Global Economic Prospects report, the World Bank said […]
New Delhi: Union Home Minister Amit Shah on Monday said coal sector will play a very important role in achieving the target of USD five trillion economy by 2022, the year marking the completion of 75 years of the country’s Independence. Launching a single window clearance system for the coal sector, he said commercial coal […]
New York: The International Monetary Fund (IMF) projects India’s economy to bounce back by 11.5 per cent in the next financial year, making it the fastest-growing major economy, and attributed it to the effect of easing of lockdown measures last year. The World Economic Outlook (WEO) Update released in Washington last week increased the forecast […]
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said that the government, undeterred by the COVID-19 pandemic, has been pursuing reforms for achieving sustained long-term growth in a bid to make India one of the top economies of the world in the coming decades. Replying to debate on Budget 2021-22 in Lok Sabha, she said, […]
New Delhi: After contracting for two quarters in a row, the Indian economy grew by 0.4 per cent in the October-December quarter amid coronavirus pandemic, official data showed on Friday. GDP growth in Financial Year 2021 to contract by 8 per cent :National Statistical Office (NSO) pic.twitter.com/vF9hPkCjBD — ANI (@ANI) February 26, 2021 The gross […]
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