Economy News

COVID-19 resurgence bringing renewed challenges for India; GDP growth seen at 9.5%: Fitch

COVID-19 resurgence bringing renewed challenges for India; GDP growth seen at 9.5%: Fitch

The sudden and steep surge in the number of coronavirus cases  the highest-ever 4,12,262 new infections and a record 3,980 daily death toll in a day  has swamped the health system, which seemed to

May 06, 2021, 14:19 PM IST
Indian Railways passengers alert! 16 trains cancelled from tomorrow, May 7 – Check  complete list of trains

Indian Railways passengers alert! 16 trains cancelled from tomorrow, May 7 – Check complete list of trains

Following trains will be discontinued from 07.05.2021 due to poor patronization and operational constraints till further advice, Eastern Railway said

May 06, 2021, 12:06 PM IST
Petrol, Diesel Prices Today, May 06, 2021: Fuel prices hiked for 3nd day in a row; check prices in metro cities

Petrol, Diesel Prices Today, May 06, 2021: Fuel prices hiked for 3nd day in a row; check prices in metro cities

Petrol price was increased by 25 paise per litre and diesel by 30 paise a litre, according to a price notification of state-owned fuel retailers. Petrol in the national capital now costs Rs 90.99 a

May 06, 2021, 06:27 AM IST
RBI announces Rs 50,000 crore liquidity window for Covid-related health services

RBI announces Rs 50,000 crore liquidity window for Covid-related health services

Banks may deliver these loans to borrowers directly or through intermediary financial entities regulated by the RBI.

May 05, 2021, 15:07 PM IST
SFB loans to MFIs for on-lending to be classified as priority sector lending

SFB loans to MFIs for on-lending to be classified as priority sector lending

At present, lending by Small Finance Banks (SFBs) to Micro Finance Institutions (MFIs) for on-lending is not reckoned for priority sector lending (PSL) classification.

May 05, 2021, 14:47 PM IST
RBI to deploy all resources, monitor emerging COVID19 situation: Shaktikanta Das

RBI to deploy all resources, monitor emerging COVID19 situation: Shaktikanta Das

RBI Governor, addressing a videoconference said that the situation has reversed from being on foothills of strong economic recovery to facing a fresh crisis.

May 05, 2021, 10:27 AM IST
Petrol, Diesel Prices Today, May 05, 2021: Fuel prices hiked for 2nd day; check prices in metro cities

Petrol, Diesel Prices Today, May 05, 2021: Fuel prices hiked for 2nd day; check prices in metro cities

Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates. 

May 05, 2021, 06:21 AM IST
Indian Railways cancels 16 trains from May 7, check the full list of trains here

Indian Railways cancels 16 trains from May 7, check the full list of trains here

It may be recalled that in April, considering the severity of the situation in the aftermath of the second wave of COVID-19 and also owing to low passenger load, the Indian Railways has decided to

May 04, 2021, 14:32 PM IST
These imports will not attract any customs duty or IGST till June 30, check complete list here

These imports will not attract any customs duty or IGST till June 30, check complete list here

This exemption shall apply till 30th June, 2021. It would also covers goods already imported but lying uncleared on the date of its issuance of exemption i.e. May 03.

May 04, 2021, 08:17 AM IST
Petrol, Diesel Prices Today, May 04, 2021: Fuel prices hiked after 18-day pause; check prices in metro cities

Petrol, Diesel Prices Today, May 04, 2021: Fuel prices hiked after 18-day pause; check prices in metro cities

Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55. For diesel, the central excise adds up to Rs 31.

May 04, 2021, 06:41 AM IST
Petrol, Diesel Prices Today, May 03, 2021: Fuel prices remain unchanged for 18th straight day; check prices in metro cities

Petrol, Diesel Prices Today, May 03, 2021: Fuel prices remain unchanged for 18th straight day; check prices in metro cities

Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55. For diesel, the central excise adds up to Rs 31.

May 03, 2021, 06:33 AM IST
Exports jump to $30.2 billion in April; trade deficit at $15.24 billion

Exports jump to $30.2 billion in April; trade deficit at $15.24 billion

Major export commodities which have recorded positive growth in April include gems and jewellery, jute, carpet, handicrafts, leather, electronic goods, oil meals, cashew, engineering, petroleum

May 02, 2021, 23:25 PM IST
Good News! Indian Railways deploys 4,000 isolation coaches and 64,000 beds amid surge in COVID-19 pandemic

Good News! Indian Railways deploys 4,000 isolation coaches and 64,000 beds amid surge in COVID-19 pandemic

Isolation coaches are presently utilised in Delhi, Maharashtra, and Madhya Pradesh. The latest demand came from Nagaland and Railways worked swiftly to deploy 10 Isolation Coaches at Dimapur.  Indian

May 02, 2021, 17:43 PM IST
Govt waives late fee for delayed filing of March, April GSTR-3B, tax payment

Govt waives late fee for delayed filing of March, April GSTR-3B, tax payment

Taxpayers with a turnover of over Rs 5 crore have been given 15 days extra time to file monthly summary return GSTR-3B and pay taxes without paying any late fees. They would be required to pay a

May 02, 2021, 12:47 PM IST
GST revenue hits all-time high of Rs 1.41 lakh crore in April, goes more than Rs 1 lakh crore for 7th time

GST revenue hits all-time high of Rs 1.41 lakh crore in April, goes more than Rs 1 lakh crore for 7th time

The gross GST revenue collected in the month of April 2021 is at a record high of Rs 1,41,384 crore, of which CGST is Rs 27,837 crore, SGST Rs 35,621 crore, IGST Rs 68,481 crore (including Rs 29,599

May 01, 2021, 15:34 PM IST
COVID-19 Impact: Govt extends timelines for tax compliance. Last date for filing ITR is now May 31

COVID-19 Impact: Govt extends timelines for tax compliance. Last date for filing ITR is now May 31

Income-tax return in response to notice under Section 148 of the Act, for which the last date of filing of return of income under the said notice is April 1, 2021, or thereafter, may be filed within

May 01, 2021, 15:25 PM IST
Europe's economy shrinks in first quarter as US rolls ahead

Europe's economy shrinks in first quarter as US rolls ahead

Figures announced Thursday showed the U.S. Economy grew 1.6 per cent during the first quarter. 

Apr 30, 2021, 17:39 PM IST
Centre to give additional Rs 15,000 crore interest-free loan to states for capital projects

Centre to give additional Rs 15,000 crore interest-free loan to states for capital projects

The Scheme for Special Assistance to States for Capital Expenditure for 2021-22 also includes incentives to states for monetising/ recycling of infrastructure assets and disinvestment of the State

Apr 30, 2021, 17:25 PM IST
Edible oils become a costly affair, prices rise sharply in one month

Edible oils become a costly affair, prices rise sharply in one month

The Consumer Affairs Ministry had previously directed the states to make sure that the prices of essentials remain under control during curfews.

Apr 29, 2021, 19:48 PM IST
Can’t pay 28 days’ salary in name of paid leave to any worker infected with coronavirus: Report

Can’t pay 28 days’ salary in name of paid leave to any worker infected with coronavirus: Report

The Gautam Buddh Nagar district administration had recently ordered that any worker or employee infected with coronavirus and in isolation for treatment will get 28 days of paid leave from their

Apr 28, 2021, 12:35 PM IST