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Authored by a team led by Chief Economic Adviser KV Subramanian, the survey details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.
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Mumbai: The Reserve Bank of India (RBI) has refuted reports of withdrawal of old series of Rs 100, Rs 10 and Rs 5 currency notes. “With regard to reports in certain sections of media on withdrawal of old series of Rs 100, Rs 10 & Rs 5 banknotes from circulation in near future, it is […]
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Mumbai: The country’s largest private sector lender HDFC Bank on January 16 reported a 14.36% jump in consolidated net profit to Rs 8,760 crore for the December quarter. At the standalone level, the net profit for the three-month period grew 18.09 per cent to Rs 8,758.29 crore. Its total income increased to Rs 37,522 crore […]
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New Delhi: The government on January 15 launched the third phase of its flagship skilling scheme Pradhan Mantri Kaushal Vikas Yojana (PMKVY 3.0) in a bid to empower the country’s youth with employable skills by making over 300 skill courses available to them. PMKVY 3.0 envisages training 8 lakh candidates over the scheme period of […]
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Virmani says big booster needed for economy to grow
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Finance Minister Nirmala Sitharaman will present the Union Budget 2021 in the Lok Sabha on February 1. Sitharaman, who will present her third and Narendra Modi-led NDA government’s eight consecutive budget, is expected to roll out a plan to revive India’s economy post the pandemic. Prior to the Budget, the Economic Survey of India will […]
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New Delhi: IT firm HCL Technologies on January 15 posted 31.1% rise in net profit at Rs 3,982 crore for the December 2020 quarter. The IT major had registered a net profit of Rs 3,037 crore in the October-December 2019 quarter (as per US GAAP). Its revenue grew 6.4 per cent to Rs 19,302 crore […]
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New Delhi: Former Reserve Bank of India (RBI) Governor Raghuram Rajan says the government should take advantage of the peaks in the Indian equity markets right now and sell stakes in PSUs while prioritising spending to get the economy back on track. The upcoming Budget for the fiscal year beginning April 1 should look to […]
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Rating agency ICRA sees a record double-digit expansion of 10.1 per cent in India’s gross domestic product (GDP) in the financial year 2022. However, it cautioned that the value of GDP will mildly surpass the level that had been recorded in the financial year 2020. It also expects a multi-speed recovery in the next financial […]
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New Delhi: Wipro on January 13 posted 20.8% jump in consolidated net profit at Rs 2,968 crore for the December 2020 quarter. The net profit attributable to shareholders in the year-ago period was at Rs 2455.9 crore, according to a regulatory filing by Wipro. The company logged 3.9 per cent quarter-on-quarter growth in IT services […]
