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Latest Articles in Economy

Delhi Air Quality 'Very Poor', Likely To Deteriorate Further

The air quality in the national capital remained the same as yesterday in the 'Very Poor' category of the Air Quality Index, according to the System of Air Quality and Weather Forecasting And Research (SAFAR).

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EDMC Panel Rejects New Taxes Proposed In Budget

A betterment tax (for enhancement of property value due to public infrastructure development) at 15 per cent of property tax had also been proposed.

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Release Pending Dues Of Rs 19,591.63 Crore: TN To Finance Ministry

'MSMEs are also facing cash flow issues in the GST regime as they have to remit taxes monthly on accrual basis although the actual recovery of the dues from customers take longer (duration)',

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IMF Chief Sees 'High Degree Of Uncertainty' In Global Outlook

IMF Managing Director Kristalina Georgieva said a new allocation of the IMF's own currency, Special Drawing Rights, would help give countries more fiscal space to tackle the health crisis and shift to a digital and green economy.

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India's Budget Seen Raising Import Duties By 5%-10% On Dozens Of Items

Finance Minister Nirmala Sitharaman will unveil the budget on Feb. 1 amid the shadow of a projected economic contraction of 7.7% for the current fiscal year.

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WHO Chief Warns Against COVID-19 Vaccine Distribution, Says 'World Is On Brink Of Catastrophic Moral Failure'further

This warning comes despite COVAX, a global initiative, being formed nine months ago to ensure fair and equitable access to COVID-19 vaccines for every country

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Forex Intervention By RBI To Touch USD 93 Bn By March: Report

The report by the Wall Street brokerage Bank of America Securities also expects the central bank to raise banks' HTM (held-to-maturity) limits of excess government securities by 2 per cent of their books to fund the fiscal deficit if high forex intervention limits its open market operations (OMOs).

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Target Public Service Delivery: Why Do We Need It?

The FCI and the Commission of Agricultural Costs and Prices (CACP) were set up by the government of India, mainly to improve domestic procurement and storage of food grains.

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Before 2025, We Aim To Bring Down Road Accidents By 50 %: Nitin Gadkari

Activities planned during the month include the launch of a film on Road safety, flagging off of a National Championship Safe Speed Challenge from Wagah border to Kanyakumari, and giving away of awards for Road Safety

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Love Is Pure And Sublime: Can It Be Jihad?

Our spiritual texts like Vedas and Gita do not speak of caste and interfaith marriages but a deep-rooted caste system does, seeking to prevent inter caste marriages, inter ‘gotra’ marriages and by credence, interfaith marriages.

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Vietnam Gives Foxconn Unit Licence For $270 Million Plant To Produce Laptops, Tablets

Foxconn has so far invested $1.5 billion in Vietnam and plans to raise its investment by $700 million and recruit 10,000 more local workers this year.

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Union Budget 2021 To Put COVID -19 Hit Economy On Track

The projected GDP growth does indicate that the worst is over, but it still does not indicate whether the economy has recovered the lost ground and surpassed it, seems that the economy will be able to just recover the lost ground in FY22 and surpass the FY20 GDP level in a meaningful way only in FY23.

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Israel Economy Likely To Grow 4.6% In 2021, Says Finance Ministry

The Bank of Israel has estimated a contraction of 3.7% for 2020 and growth of 6.3% in 2021 if the rapid vaccination pace is maintained. That would fall to 3.5% growth in a slow-inoculation scenario.

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Expo Organisers Prepare To Hold Dubai Event Delayed By Coronavirus

Coronavirus infections in the UAE have risen to record daily levels this month, with cases in excess of 3,000, prompting Britain to remove the Gulf state from its travel corridor list.

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China's Economy Picks Up Speed In Fourth Quarter, Ends 2020 In Solid Position After COVID-19 Shock

Asia's economic powerhouse has been fuelled by a surprisingly resilient export sector, but China's consumption - a key driver of growth - has lagged expectations amid fears of a resurgence of COVID-19 cases.

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