Economy News

Redirect fiscal policy towards resilient sustainable, inclusive growth: IMF urges govts

Redirect fiscal policy towards resilient sustainable, inclusive growth: IMF urges govts

In a blog post, top IMF officials -- Vitor Gaspar, Director of Fiscal Affairs Department and Indian-American Gita Gopinath, Economic Counsellor and Director of the Research Department -- wrote that

Jul 10, 2020, 23:02 PM IST
PM-KUSUM Scheme: Fresh advisory issued against fraudulent websites inviting registration

PM-KUSUM Scheme: Fresh advisory issued against fraudulent websites inviting registration

The ministry has stated that PM-KUSUM Scheme is being implemented through implementation agencies in the respective states. Details of such agencies are available on MNRE’s website www.mnre.gov.in. 

Jul 10, 2020, 18:27 PM IST
Forex reserves hit fresh all-time high, touch $513.25 bn

Forex reserves hit fresh all-time high, touch $513.25 bn

In the previous week ended Jun 26, the reserves had increased by USD 1.27 billion to USD 506.84 billion.

Jul 10, 2020, 18:10 PM IST
Indian Railways offers major concessions on train tickets to students – Check details of IRCTC rules

Indian Railways offers major concessions on train tickets to students – Check details of IRCTC rules

Know the details of all the discounts that students can avail.

Jul 10, 2020, 11:22 AM IST
Petrol, diesel prices remain unchanged – Check fuel prices in metro cities on July 9, 2020

Petrol, diesel prices remain unchanged – Check fuel prices in metro cities on July 9, 2020

Diesel is still costlier than petrol in the National capital.

Jul 09, 2020, 10:18 AM IST
Indian Railways allows 151 trains to be run by private operators; selection process on

Indian Railways allows 151 trains to be run by private operators; selection process on

The objective of this initiative is to introduce modern technology rolling stock with reduced maintenance, reduced transit time, boost job creation, provide enhanced safety, provide world-class

Jul 08, 2020, 23:14 PM IST
CBDT, SEBI reach understanding on data exchange on automatic, regular basis

CBDT, SEBI reach understanding on data exchange on automatic, regular basis

The understanding will facilitate the sharing of data and information between SEBI and CBDT on an automatic and regular basis. The MoU marks the beginning of a new era of cooperation and synergy

Jul 08, 2020, 19:35 PM IST
Petrol, diesel prices remain unchanged today –Check prices in metro cities

Petrol, diesel prices remain unchanged today –Check prices in metro cities

Diesel is still costlier than petrol in the National capital.

Jul 08, 2020, 10:33 AM IST
Better performance of CPSEs can help economy recover from COVID-19 impact: FM Nirmala Sitharaman

Better performance of CPSEs can help economy recover from COVID-19 impact: FM Nirmala Sitharaman

The Finance Minister said that better performance of CPSEs can help the economy in a big way to recover from the impact of COVID-19.

Jul 07, 2020, 20:24 PM IST
Indian Railways announces major schedule change for these special trains from July 11 – Check details

Indian Railways announces major schedule change for these special trains from July 11 – Check details

Railways has announced frequency reduction of these special trains.

Jul 07, 2020, 17:17 PM IST
Russian economy faces deep recession amid global pandemic and oil crisis: World Bank

Russian economy faces deep recession amid global pandemic and oil crisis: World Bank

The decline of Russian economic growth is further exacerbated by plummeting crude oil prices that dropped 53 per cent between January and May.In 2020, overall household consumption is expected to

Jul 07, 2020, 02:12 AM IST
Indian Railways' private trains may provide you preferred seats; check other features

Indian Railways' private trains may provide you preferred seats; check other features

The big companies including Esselgroup, Adani Group, RK Associates, Alstom, Bombardier, and several other big names have already shown their keen interest in this mega project. 

Jul 06, 2020, 22:54 PM IST
Exports recovering fast after setbacks in first 2 months of this fiscal due to COVID-19: Piyush Goyal

Exports recovering fast after setbacks in first 2 months of this fiscal due to COVID-19: Piyush Goyal

The Union Minister said that the data of June 2020 will reflect the gains with the merchandise export figures touching almost 88% of the corresponding period of the last year.

Jul 03, 2020, 21:28 PM IST
Income Tax Department refunds Rs 62,361 crore to over 20 lakh taxpayers during Covid days

Income Tax Department refunds Rs 62,361 crore to over 20 lakh taxpayers during Covid days

Refunds of this magnitude and numbers have been issued completely electronically and have been directly deposited into the bank accounts of the taxpayers. 

Jul 03, 2020, 13:11 PM IST
Rajasthan Cooperative bank employees’ salary doubled from July 1 --Check details

Rajasthan Cooperative bank employees’ salary doubled from July 1 --Check details

The revised fixed pay will be effective from July 1, 2020.

Jul 03, 2020, 11:59 AM IST
GST revenue collection at Rs 90917 crore in June

GST revenue collection at Rs 90917 crore in June

During the month of June, returns of February, March, and April 2020 have also been filed in addition to some returns of May 2020 since Government has allowed a relaxed time schedule for filing of

Jul 01, 2020, 18:09 PM IST
Non-subsidised LPG price hiked for second consecutive month – Check out rates in 4 metros

Non-subsidised LPG price hiked for second consecutive month – Check out rates in 4 metros

Prices were hiked by upto Rs 4.50 in other metros mostly because of different local sales tax or VAT rate.

Jul 01, 2020, 12:38 PM IST
Goods and Service Tax regime completes 3 years: Here’s looking at advantages of GST

Goods and Service Tax regime completes 3 years: Here’s looking at advantages of GST

GST aims to eliminate cascading of taxes and reduce transaction costs.

Jul 01, 2020, 09:50 AM IST
Major changes in banking services: ATM withdrawal, minimum balance relaxations expire from July 1

Major changes in banking services: ATM withdrawal, minimum balance relaxations expire from July 1

The rules of financial services like transaction charges after exhausting free cash withdrawal limit on ATM, the minimum account balance in the bank account will be changed from July 1. The

Jun 30, 2020, 19:20 PM IST
April-May fiscal deficit at 58.6% of budgetary target

April-May fiscal deficit at 58.6% of budgetary target

The government has targeted a fiscal deficit of Rs 7.96 lakh crore for fiscal year 2020-21.

Jun 30, 2020, 18:10 PM IST