Every 10 per cent rise in crude oil price will shave off around 0.2 percentage point (pp) from India's GDP growth and widen the current account by 0.3 per cent, says Nomura.
Dutta, however, did not disclose the amount and said he would feed about 100 underprivileged people of his area once the lockdown is lifted.
According to highly placed sources, the finance ministry is likely to extend ECLGS and other loan guarantee schemes for micro, small and medium enterprises (MSMEs), hospitality and tourism sector, and the health infrastructure beyond March 31, Business Standard has learnt. This is likely to be announced by Finance Minister Nirmala Sitharaman as part of her Budget speech on February 1.
The order has been issued by the Appointments Committee of the Cabinet that is headed by Prime Minister Narendra Modi and has home minister Amit Shah as its member.
Director Kanti Shah talks about Gunda and why his films are not C grade films.
Net job creation in the economy fell by 16.9 lakh in FY21 over the previous fiscal, shows an SBI Research analysis of EPFO payroll data. However, the FY21 numbers are better than the FY20 net job creation, which had declined by 28.9 lakh, further cementing the view that the economy is not creating new employment opportunities. The latest EPFO data shows that net new EPF subscribers stood at 94.5 lakh in FY21, and NPS added 5.82 lakh, taking the cumulative net addition to 100.4 lakh, which is marginally down from 102.3 lakh in FY20.
Deb cancelled the mandate event he had fixed on December 13 following intervention of BJP president J P Nadda, state observer Vinod Sonkar and the state ministers and BJP legislators reposing faith in him.
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.
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
'He always avoided eating non-vegetarian food in presence of his deputies if they were fasting for the month of Shravan.' 'There were no Hindu, Jain, Parsi and Swaminarayan festivals he would forget.' 'He was a conservative Muslim and therefore could get along well with conservative Hindus.'
Studies on the Great Spanish Flu of 1918-19 show that rapid implementation of multiple non-pharmaceutical interventions, including closure of schools, churches, and theatres, can significantly reduce influenza transmission, but that viral spread will only be renewed on relaxation of such measures.
'If the RBI now only prints Rs 100 in small denomination notes and the remaining amount is printed in Rs 500 and Rs 2,000 denominations, then by March-end the central bank can completely normalise the cash crunch situation.'
Ruia, a chartered accountant whose business ranged from sugar to textiles and heavy engineering to tyres, refused to comment on queries about his interest in Air India.
Pencilling in a GDP growth in third and fourth quarters, SBI Research on Wednesday revised its contraction forecast for the current fiscal year to 7 per cent. The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers. In April-September, the economy contracted 15.7 per cent but the second half may see a surprise 2.8 per cent growth, if the SBI analysis turns out to be correct.
At many places, Kumar lost his cool and chided the protestors for "acting on behalf of political rivals".
India's economy is unlikely to see double-digit growth and may grow between 8 per cent and 9 per cent this fiscal year (2021-22, or FY22), against the estimated 11.5 per cent, according to leading economists and rating agencies. The downward revision of growth projections to as low as 10 per cent is mostly on account of stringency in restrictions by states, relatively slow vaccination pace, and the possibility of a third wave of the pandemic. However, they say the impact will not be as severe as the first wave, and expect the first quarter to see positive growth.
Doctors have advised the 85-year-old politician to stay in home isolation.
Colgate's toothpaste volume growth for the March quarter was 3 per cent.
'There is a misconception that gold is a dead asset in India.' 'Around 30 per cent of agriculture loans are collateralised by gold, Soumya Kanti Ghosh and Saket Hishikar, economists at the SBI, point out.
A key trigger for the increased retail participation in equities has been the lockdown triggered by Covid-19 that saw investors channelising their savings to capital markets in search of better return on their investments and the need to increase their disposable income.
The Bharatiya Janata Party and the Congress have launched their theme songs for the election campaign which presented a picture in contrast: while the BJP had its "Modi-versus-All" pitch with more than a dash of hyper nationalism, the Congress focused on political economy with basic minimum income and justice for all. As the campaigning heats up, here's how both the parties stacked up -- musically.
The bond market is not in a mood to reason with the Reserve Bank of India (RBI) on keeping yields low. The 10-year bond yields continued to rise for the fourth straight session to close at 6.202 per cent from its previous close of 6.135 per cent. The yield was at 6 per cent a week ago. The RBI wants the yields to remain at 6 per cent, but bond dealers say the central bank will have to step up its bond-buying programme.
Srimurali gets candid about his career, and the success of his family production Ugramm.
The company would venture into khadi products and animal feed this year, Ramdev said.
Changing aspirations and strong rural demand could explain why core inflation may not decline fast enough.
According to Soumya Kanti Ghosh, chief economic advisor of the State Bank of India group, a 50 bps rate cut is a possibility, but 25 bps is more likely.
The Reserve Bank of India (RBI) is precariously balancing two opposing objectives - maintaining easy financial condition in the domestic market, while ensuring external stability - and economists have started taking note. They say India is going through the classic trilemma of the 'Impossible Trinity'. The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates. What is even more complicated for the central bank now is that financial market stability overlays all the other three objectives.
The hoarding of cash accentuated from the very start of 2020, when the coronavirus pandemic started taking hold the world over, and fear of the pandemic prodded people to remain liquid for emergency use.
Actor Kishore talk sabout his new film Attahasa.
Three Indians -- an author, illustrator and translator -- have been honoured with diplomas by an international board on books for their work in the area of children's literature.
The toll in the Wednesday's Sealdah market complex fire in Kolkata rose to 20 with one of the victim succumbing to his injuries on Friday even as police registered a case against four persons.
'We've never really been in the situation of having a difficult time with the Chinese and an increasingly difficult time with the Russians along with a relationship with the Americans which is important.'
The body count, mostly from suicides after the chit fund bubble burst, went up to 11 on Tuesday with the death of an agent and an alleged suicide by a chit fund firm director.
Left workers were attacked and several vehicles set ablaze allegedly by the Trinamool Congress at Bamunghata in South 24 Parganas district on Tuesday when they were going to attend a rally to protest Sunday's attack on Marxist leader Abdur Rezzak Mollah, Communist Party of India-Marxist leader and former minister Kanti Ganguly said.
'It is not a matter of fixing the military problem up there in the Himalayas and the retreat of the two militaries.' 'India has to find a way to correct the racist and very patronising views of India in the Chinese mind.'
The Reserve Bank of India (RBI) booked massive gains on its foreign currency sales and needed to provide much lesser for its reserves in 2020-21 (FY21), helping it to carve out a significant Rs 99,122-crore dividend for the government, revealed the RBI's annual report for FY21. By doing so, the central bank's risk buffers have reduced to the bare minimum, which may restrict some of RBI's scale of operations, and would likely hamper dividend payout for financial year 2021-22, said analysts. The annual accounts are for nine months ended March 31, 2021 since the RBI changed its accounting year from July-June to April-March from FY21.
A Mumbai-based software engineer, who claimed to have inadvertently crossed over to Pakistan in 2007 via the Samjhauta Express and was jailed there for five years, was repatriated on Thursday. Bhavesh Parmar, 33, a resident of Ville Parle area in Mumbai, crossed over to India from Attari in Punjab. He was received by his mother Hansa Kanti and Member of Legislative Assembly Krishna Hegde, who helped the family take up the matter.
Actor Kishore talks about playing a father to an autistic child in Haridas.
Giving its verdict on an appeal by Tata Motors Ltd, a division bench comprising Justices Pinaki Chandra Ghosh and Mrinal Kanti Chaudhury observed that the President's assent had not been taken for the Act and as such it was void and unconstitutional.
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