However, in the first quarter when the country was under a lockdown, net financial savings rose to 21 per cent of gross domestic product (GDP), according to the data released in the RBI's monthly bulletin.
Rajasthan's royal architecture and striking landscapes are a hot favourite among tourists and film-makers. Its majestic beauty and history has coloured many a movies and their visuals to unforgettable effect.
Ahmedabad will also host the final Test, though with the traditional red ball, and the pitch is unlikely to be vastly different from the one that saw 30 wickets fall in five sessions in the shortest completed Test match since 1935.
'My father's dreams for me were connected to cricket.'
'I knew if I did well in cricket, his soul would rest in peace.'
These sectors are seeing a marked slowdown, as consumers are postponing purchase decisions amid uncertainty and severe cash crunch, report Ram Prasad Sahu, Sheetal Agarwal & Ujjval Jauhari from Mumbai.
S&P Global Ratings on Thursday cut India's growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from further waves of COVID pandemic. The agency lowered the growth outlook saying that a severe second COVID-19 outbreak in April and May led to lockdowns imposed by states and sharp contraction in economic activity. "We forecast growth of 9.5 per cent this fiscal year from our March forecast of 11 per cent," S&P said.
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The statements come from a booklet published this month by the state-run People's Publishing House, in which senior officials, including President Xi, outlined the latest five-year plan for the country's development.
'In a serious fiscal situation like this, an ostrich-like focus on annual budgeting, event management and defensive rhetoric will only make matters worse,' warns Rathin Roy.
'The pandemic ends only when 70 per cent of the world is vaccinated with two doses.'
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Industry representatives have said from the second half of the year, they hope to see revival because the rural economy is looking up and the projects the government has announced.
Only Hindustan Unilever and Nestl bucked the trend.
Releasing a report titled 'Profiting from Pain' in Davos, the rights group further said as the cost of essential goods rises faster than it has in decades, billionaires in the food and energy sectors are increasing their fortunes by $1 billion every two days.
'It's little things like these -- sharing medicines, consoling each other after a mulaqat (meeting) or a tearful phone conversation with your loved ones or when we would return, dejected, when our bails were rejected -- that made our time in jail bearable.'
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
'We didn't know where the story was going. But I knew I was telling the story of an extremely lonely journalist.'
The government's programmes should be expected to generate some momentum, but the macro-economic numbers are not encouraging, observes T N Ninan.
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June indicates a change in trend from previous quarters in terms of how much companies are spending on employees. The worst hit sectors included steel, air transport service and automobile firms.
Inclusive growth is about enabling wider participation in the growth story, but the current if fiscal debate is about how to compensate losers using annual Budgets, says Rathin Roy.
By picking all 10 wickets, Ajaz Patel joined Jim Laker and Anil Kumble.
The central government is likely to exceed the budgeted tax collection target of Rs 22.2 trillion for the current fiscal year, led by better indirect tax mop-up, compliance measures, and recovery in most sectors following the second wave of the Covid pandemic. Personal income and corporate tax collections (net of refunds) grew 74 per cent to Rs 5.70 trillion in the first half of the current financial year, driven mainly by advance tax and TDS payments. The target for the current fiscal year is Rs 11.08 trillion; higher taxes are paid usually towards the end of a fiscal year.
A sessions court in Kerala on Wednesday awarded double life sentence in the Uthra murder case to the victim's husband for killing his wife using a cobra, saying the crime was 'definitely diabolic, cruel, heinous and dastardly' and committed with 'unparalleled wickedness.'
'Those (Russian) fighter jets just drop bombs and fly away.' 'How will they know if a bus is carrying Indian students?'
'When was the last time you heard a music composer or a singer's son being launched?'
Dutee Chand, considered the fastest Indian woman right now, has asked those in same-sex relationships to be courageous and stand firm.
Shortage of semiconductors, price hikes pull January auto sales into red. Dec had seen sales grow for 1st time this FY, which dealers called a one-off.
Till now, Jio was primarily targeting the prepaid customer base, with only a few post-paid plans. Now, it is targeting post-paid customers, who usually spend over five times their prepaid counterparts and are more company-loyal.
Axar Patel starred with the ball in the Super Over to help Delhi Capitals edge past Sunrisers Hyderabad in a thrilling IPL match at the MA Chidambaram Stadium in Chennai on Sunday.
India's economy, estimated to contract by 6.9 per cent in 2020 due to the coronavirus pandemic, is forecast to record a "stronger recovery" in 2021 and grow by 5 per cent, according to a UN report which said the country's current fiscal year budget points to a shift towards demand-side stimulus, with an uptick in public investment. The report, 'Out of the frying pan ...Into the fire?' published Thursday as an update to the Trade and Development Report 2020 by UN Conference on Trade and Development (UNCTAD) said the global economy is set to grow by 4.7 per cent this year, faster than the 4.3 per cent predicted in September 2020, thanks in part to a stronger recovery in the US, where progress in distributing vaccines and a fresh fiscal stimulus of $1.9 trillion are expected to boost consumer spending.
In a startling disclosure, India's badminton ace Saina Nehwal revealed that she had to initially hide her relationship with husband Parupalli Kashyap because of 'societal barriers'.
In a base case, the consultant said that sales could drop 25 per cent to 1.96 lakh units this year from 2.61 lakh units in 2019 across seven major cities -- Delhi-NCR, Mumbai Metropolitan Region, Kolkata, Chennai, Bengaluru, Pune and Hyderabad.
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Experts say a large part of the expenditure in April was spent on heads such as creating infrastructure for testing capacity and procuring testing kits, among other things.
A purported video clip where Bengal Chief Minister Mamata Banerjee is seen sitting on a wheelchair and moving her plastered leg back and forth has gone viral on social media, giving her rivals an opportunity to claim that she was playing up her injuries to win sympathy.
Aryan Khan, son of Bollywood superstar Shah Rukh Khan, walked out of the Arthur Road prison, after 22 days in the central Mumbai facility following his arrest during a drug raid on a cruise ship off the Mumbai coast.
