-
RBI to maintain inflation target of 4% till March 2026, says Economic Affairs Secretary
Under the current mechanism, the RBI has been mandated by the government to maintain retail inflation at 4% with a margin of 2% on either side
-
GST collections top Rs 1 lakh crore for five straight months since Oct 2020: MoS Finance
The GST collection during the period has been higher than the collection in the same period last year, Minister of State for Finance and Corporate Aff
-
‘Second wave’ of COVID-19 infections impacting business normalisation: Nomura
The Nomura India Business Resumption Index dipped to 95.1 for the week to March 21 from 95.4 in the previous week as a result of the rising infections
-
Pandemic pushes back $5 trillion GDP goal by three years to FY32: Report
Currently, India is the fifth-largest economy in the world behind Germany. The government has set a target of becoming a $5-trillion economy by 2030
-
India needs to grow at 10.5-11% in next fiscal: Niti Aayog VC Rajiv Kumar
We need to grow at 10.5 to 11% in real terms 2021-22 and then sustain that to overcome massive ill-effects of the COVID-19 pandemic, says Niti Aayog V
-
India’s economy projected to record stronger recovery in 2021: UNCTAD
India is estimated to contract by 6.9% in 2020 and then forecast to record a 5% GDP growth in 2021
-
Inflation based on wholesale price index rises to 4.17% in February on costlier food, fuel
After witnessing months of softening of prices, food articles in February saw 1.36% inflation
-
Most economies not to return to pre-pandemic activity levels until 2022: Moody’s
The credit challenges arising from COVID-19 have been substantial, but the credit downturn likely will be relatively short-lived, according to Moody's
-
Stay away from crony lending, focus on high-quality loans: CEA K V Subramanian tells financial institutions
It is extremely critical that the financial sector owns up the responsibility of doing high-quality lending, especially on the infrastructure side, K
-
COVID-19 impact: Pandemic eats up Rs 13 lakh crore of household income
Economists warn of economy losing momentum by mid-2021 on a likely slowdown in consumption demand that has propped the economy in recent months
