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Friday, January 22, 2021

Indian Economy

Petrol, diesel prices breach record high levels

New Delhi, Jan 19 (IANS) Petrol and diesel prices rose again by 25 paise per litre each on Tuesday after oil marketing companies decided to continue the upward price revision of auto fuels in the wake of enlarging under...

Despite Covid, India serious for infra development: Modi

New Delhi, Jan 18 (IANS) Prime Minister Narendra Modi on Monday performed the Bhoomi Poojan of Ahmedabad Metro Project Phase 2 and Surat Metro project. He said that the Ahmedabad project worth Rs 17,000 crore is taking shape which shows...

Bank credit to manufacturing muted amid pandemic

New Delhi, Jan 17 (IANS) Bank credit to manufacturing sector has remained muted in the current financial year amid the pandemic, while few sectors, including construction and trade, have witnessed resilient flows. According to the Financial Stability Report of the...

RBI remains ‘steadfast’ to take necessary steps to support economy: Guv

New Delhi, Jan 16 (IANS) Reserve Bank Governor Shaktikanta Das on Saturday said that the central bank remains committed to take any further necessary measures to support the economy. Delivering the Nani Palkhivala Memorial Lecture on Saturday, Das said that...

FY21 fiscal deficit seen at 7.4% of GDP: SBI Report

New Delhi, Jan 12 (IANS) India’s fiscal deficit in the current financial year is likely to reach 7.4 per cent of the GDP on the back of enhanced government expenditure amid the pandemic, said the SBI Ecowrap report. The report noted...

Possible govt intervention to curb high domestic steel prices: Report

New Delhi, Jan 8 (IANS) The increase in India's domestic steel consumption from 2QFY21 has led to higher cost which might invite a government intervention to curb prices, India Ratings and Research said on Friday. In its steel monitor report,...

‘Plastic film makers’ margins to remain healthy over next 2 yrs’

Mumbai, Jan 8 (IANS) The margins for plastic film packaging companies are expected to remain healthy over the next two years, driven by the combination of a strong demand, limited capacity additions and a benign raw material price outlook,...

Most people expect global economic revival in 2021: Survey

New Delhi, Jan 7 (IANS): Majority of the people in India and globally expect the global economy to revive and emerge stronger in 2021, according to the Ipsos Predictions 2021 Survey. An Ipsos statment showed that at least three in four...

Covid Struck: India’s FY21 GDP expected to contract by 7.7%

New Delhi, Jan 7 (IANS) India's First Advance Estimate of national income on Thursday showed a contraction of 7.7 per cent in real GDP for FY 21. On a year-on-year basis, Asia's third largest economy had grown by 4.2...

RBI creates ‘Payments Infrastructure Development Fund’

Mumbai, Jan 5 (IANS) The Reserve Bank of India has created a 'Payments Infrastructure Development Fund' to encourage acquirers to deploy 'Points of Sale' infrastructure in tier-3 to tier-6 centres and northeastern states. A PoS infrastructure can have physical or...

Latest News

Fuel prices rise again, reach new highs on Friday

New Delhi, Jan 22 (IANS) Petrol and diesel prices rose sharply again on Friday reaching new all-time high levels...