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Economy News

  • India GDP growth dips to 3.1% in Jan-Mar;.. 29 May 2020 | 18:23 | Dion Global

    India"s economic growth slipped to 3.1 per cent in the January-March quarter of 2019-20 showin...more...

  • FM launches instant allotment of e-PAN ba.. 29 May 2020 | 09:06 | Dion Global

    Finance Minister Nirmala Sitharaman on Thursday launched a facility for instant allotment of online...more...

  • FDI in India jumps 13% to record USD 49.9.. 28 May 2020 | 17:40 | Dion Global

    Foreign direct investment (FDI) in India grew by 13 per cent to a record of USD 49.97 billion in th...more...

  • Indian economy to contract 5% in FY21: S&.. 28 May 2020 | 12:25 | Dion Global

    S&P Global Ratings on Thursday said the Indian economy will shrink by 5 per cent in the current fis...more...

  • RBI's measures will boost exports, import.. 28 May 2020 | 10:43 | Dion Global

    The Confederation of Indian Textile Industry (CITI) has hailed the measures announced by RBI Govern...more...

  • India's forex reserves rise by over $1 bn.. 28 May 2020 | 10:42 | Dion Global

    India's foreign exchange reserves rose by $1.726 billion during the week ended May 15, RBI data sho...more...

  • Investor wealth surges by Rs 2 lakh cr as.. 28 May 2020 | 09:36 | Dion Global

    Investor wealth surged by Rs 2,01,549.38 crore on Wednesday following a rally in the broader market...more...

  • India's GDP likely to contract 5% in FY 2.. 27 May 2020 | 10:56 | Dion Global

    Days after the Reserve Bank of India (RBI) said that India's GDP growth for the financial year 2020...more...

  • India's GDP likely to contract 5% in FY 2.. 27 May 2020 | 10:56 | Dion Global

    Days after the Reserve Bank of India (RBI) said that India's GDP growth for the financial year 2020...more...

  • Indian economy to contract 5% In 2020-21:.. 27 May 2020 | 10:55 | Dion Global

    Fitch Ratings on Tuesday forecast the Indian economy to contract 5 per cent in the current fiscal o...more...

  • Indian economy to contract 5% In 2020-21:.. 27 May 2020 | 10:55 | Dion Global

    Fitch Ratings on Tuesday forecast the Indian economy to contract 5 per cent in the current fiscal o...more...

  • States' deficit, market borrowings to inc.. 26 May 2020 | 17:02 | Dion Global

    India Ratings and Research (Ind-Ra) expects the aggregate fiscal deficit of states to now rise to 4...more...

  • CBIC clears Rs 11,052 cr GST refund claim.. 26 May 2020 | 11:54 | Dion Global

    The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth...more...

  • Major industries, govt agencies owe about.. 26 May 2020 | 09:11 | Dion Global

    Union Minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and...more...

  • Govt allows certain categories of OCI car.. 22 May 2020 | 16:07 | Dion Global

    The central government on Friday allowed certain categories of Overseas Citizen of India (OCI) card...more...

  • 2020-21 GDP growth likely to remain in ne.. 22 May 2020 | 14:48 | Dion Global

    Painting a gloomy picture of the economy, the Reserve Bank of India (RBI) on Friday said the impact...more...

  • Indian economy to contract in FY21; lockd.. 22 May 2020 | 13:21 | Dion Global

    Moody's Investors Service on Friday said India's economy is expected to contract for the first time...more...

  • RBI extends moratorium on loans for anoth.. 22 May 2020 | 11:34 | Dion Global

    Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by anot...more...

  • RBI slashes benchmark lending rate by 40 .. 22 May 2020 | 11:03 | Dion Global

    In a surprise move, the Reserve Bank of India on Friday slashed the benchmark lending rate by 40 ba...more...

  • Inflation outlook highly uncertain: RBI G.. 22 May 2020 | 10:59 | Dion Global

    Reserve Bank Governor Shaktikanta Das on Friday said the inflation outlook is highly uncertain due ...more...

  • FinMin sanctions Rs 92,077 cr to states a.. 22 May 2020 | 09:59 | Dion Global

    The government on Thursday said it has released Rs 92,077 crore towards devolution of central taxes...more...

  • Govt stimulus package does not address im.. 21 May 2020 | 14:07 | Dion Global

    Fitch Solutions has said that the latest stimulus package does not address immediate concerns of th...more...

  • PMVVY rate of return reduced to 7.4 pc, s.. 21 May 2020 | 10:15 | Dion Global

    The government on Wednesday fixed the annual rate of return for Pradhan Mantri Vaya Vandana Yojana ...more...

  • 15th FinComm to meet its high level group.. 21 May 2020 | 10:08 | Dion Global

    The 15th Finance Commission will hold a virtual meeting with its high level group on health sector ...more...

  • Cabinet gives ex post facto nod to law fo.. 20 May 2020 | 17:10 | Dion Global

    The Union Cabinet on Tuesday gave ex post facto approval to a law on specified domicile criterion f...more...

  • Cabinet gives ex post facto nod to law fo.. 20 May 2020 | 17:10 | Dion Global

    The Union Cabinet on Tuesday gave ex post facto approval to a law on specified domicile criterion f...more...

  • Cabinet approves Rs 3 lakh cr emergency c.. 20 May 2020 | 17:08 | Dion Global

    The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concession...more...

  • Cabinet approves Rs 3 lakh cr emergency c.. 20 May 2020 | 17:08 | Dion Global

    The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concession...more...

  • Govt extends 'Pradhan Mantri Vaya Vandana.. 20 May 2020 | 17:05 | Dion Global

    The Union Cabinet on Wednesday extended the Pradhan Mantri Vaya Vandana Yojana (PMVVY), a social se...more...

  • Govt extends 'Pradhan Mantri Vaya Vandana.. 20 May 2020 | 17:05 | Dion Global

    The Union Cabinet on Wednesday extended the Pradhan Mantri Vaya Vandana Yojana (PMVVY), a social se...more...

  • Govt clears Rs 30,000 cr special liquidit.. 20 May 2020 | 17:03 | Dion Global

    The Union Cabinet on Wednesday gave nod to launch a special liquidity scheme worth Rs 30,000 crore ...more...

  • Govt clears Rs 30,000 cr special liquidit.. 20 May 2020 | 17:03 | Dion Global

    The Union Cabinet on Wednesday gave nod to launch a special liquidity scheme worth Rs 30,000 crore ...more...

  • Govt measures unlikely to stimulate deman.. 20 May 2020 | 10:32 | Dion Global

    Rating agency Crisil on Tuesday joined analysts sceptical about the near-term benefits of the Rs 20...more...

  • Barclays pegs USD 20 bn current account s.. 19 May 2020 | 15:17 | Dion Global

    As imports continue to plunge due to the coronavirus-driven disruptions globally, India may end the...more...

  • Govt implements cut in EPF contribution t.. 19 May 2020 | 11:36 | Dion Global

    The Ministry of Labour & Employment has implemented the decision to cut employees' provident fund (...more...

  • Indian economy to contract 5 pc in FY21: .. 19 May 2020 | 10:11 | Dion Global

    American brokerage Goldman Sachs expects the Indian economy to contract by 5 per cent in FY21, maki...more...

  • Investor wealth erodes by Rs 3.65 lakh cr.. 19 May 2020 | 10:02 | Dion Global

    Investors became poorer by Rs 3,65,469.88 crore on Monday as the BSE benchmark crashed 1,069 points...more...

  • Liquidity support provides temporary life.. 18 May 2020 | 16:55 | Dion Global

    The government's stimulus measures will only provide a temporary lifeline to state-owned power dist...more...

  • Fiscal deficit of Centre and states likel.. 18 May 2020 | 16:49 | Dion Global

    The combined fiscal deficit of the Centre and states will top 12 per cent of the GDP because of the...more...

  • RBI may extend moratorium on repayment of.. 18 May 2020 | 13:55 | Dion Global

    With the government extending the nationwide lockdown up to May 31, the Reserve Bank of India (RBI)...more...

  • Govt's stimulus package won't stop GDP fr.. 18 May 2020 | 13:08 | Dion Global

    The government's reform moves and stimulus package will only help the deeply-impacted growth proces...more...

  • Fifth tranche of economic package will ha.. 18 May 2020 | 11:41 | Dion Global

    The fifth and last tranche of economic stimulus announced by the government on Sunday will have a t...more...

  • Total fiscal impact of 'Rs 20L cr package.. 18 May 2020 | 10:19 | Dion Global

    New stimulus measures unveiled by Finance Minister Nirmala Sitharaman on Sunday will cost Rs 40,000...more...

  • GST compensation to states pending for De.. 18 May 2020 | 10:15 | Dion Global

    Finance Minister Nirmala Sitharaman on Sunday said GST compensation is due to all the states for th...more...

  • Eco stimulus: Govt to privatise non-strat.. 18 May 2020 | 10:13 | Dion Global

    The Centre on Sunday announced plans to privatise PSUs in non-strategic sectors and suspend loan de...more...

  • Centre raises borrowing limit of states t.. 18 May 2020 | 10:11 | Dion Global

    The Centre on Sunday raised the borrowing limit of states from 3 per cent of gross state domestic p...more...

  • Banks need to push digital plans now: ex-.. 15 May 2020 | 17:39 | Dion Global

    As people are hesitant to deal with paper currency due to the COVID-19 crisis, banks need to exploi...more...

  • 3rd tranche of eco relief package to focu.. 15 May 2020 | 16:52 | Dion Global

    Finance Minister Nirmala Sitharaman on Friday said the third tranche of economic package will deal ...more...

  • Govt projects 4th consecutive year of rec.. 15 May 2020 | 16:48 | Dion Global

    The country is estimated to achieve an all-time high foodgrains production of 295.67 million tonne ...more...

  • FM announces setting up of Rs 1 lakh cr a.. 15 May 2020 | 16:46 | Dion Global

    Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infras...more...

  • Stimulus packages will have impact of Rs .. 15 May 2020 | 14:56 | Dion Global

    The stimulus packages announced by the government so far to mitigate the economic impact of COVID-1...more...

  • FM's 2-day stimulus measures to cause 'ac.. 15 May 2020 | 12:35 | Dion Global

    The actual hit to government finances from the measures announced by Finance Minister Nirmala Sitha...more...

  • TDS on dividend, rent, insurance payment .. 15 May 2020 | 12:28 | Dion Global

    Tax deducted or collected at source on payment of dividend, insurance policy, rent, professional fe...more...

  • Housing subsidy scheme for middle-income .. 15 May 2020 | 10:14 | Dion Global

    Finance Minister Nirmala Sitharman on Thursday announced a Rs 70,000-crore boost to housing sector ...more...

  • Rs 10,000-cr job work offered under MNREG.. 15 May 2020 | 10:07 | Dion Global

    Finance Minister Nirmala Sitharaman on Thursday said Rs 10,000 crore has been spent in the last two...more...

  • Govt releases truncated April WPI inflati.. 14 May 2020 | 13:38 | Dion Global

    The government on Thursday released truncated data for April wholesale price-based inflation saying...more...

  • Govt does not release April inflation fig.. 13 May 2020 | 10:21 | Dion Global

    The government did not release the April CPI inflation data on Tuesday as the nationwide lockdown p...more...

  • Industrial production falls 16.7% in March 13 May 2020 | 09:10 | Dion Global

    The country's industrial output declined by 16.7 per cent in March, on account of poor show by mini...more...

  • Economy requires Rs 4.5 lakh crore fiscal.. 11 May 2020 | 17:17 | Dion Global

    Seeking immediate support for the Indian economy hit by COVID-19, industry body Ficci said an addit...more...

  • Extra borrowing: FY21 fiscal deficit like.. 11 May 2020 | 17:04 | Dion Global

    After the government's move to raise its market borrowing programme for the current financial year ...more...

  • No proposal to cut salaries of central go.. 11 May 2020 | 17:03 | Dion Global

    The Finance Ministry on Monday clarified that there is no proposal to cut salaries of central gover...more...

  • Expect financial package from govt in 2-3.. 11 May 2020 | 15:52 | Dion Global

    Union minister Nitin Gadkari on Monday said he expects the Centre to unveil a financial package in ...more...

  • FM meeting with heads of public sector ba.. 11 May 2020 | 11:58 | Dion Global

    The review meeting of Finance Minister Nirmala Sitharaman with CEOs of public sector banks (PSBs) s...more...

  • Several parts of country to receive rain .. 11 May 2020 | 11:28 | Dion Global

    Several parts of the country are likely to receive light to moderate rain, with instances of thunde...more...

  • Entrepreneurs in rural belts switch to ma.. 11 May 2020 | 09:57 | Dion Global

    A number of entrepreneurs based in rural areas of the country have taken to manufacturing face mask...more...

  • Moody's pegs India's FY21 GDP growth at 0.. 08 May 2020 | 14:56 | Dion Global

    Moody's Investors Service on Friday projected India's growth at zero per cent for the current fisca...more...

  • India's rating outlook reflects rising ri.. 08 May 2020 | 11:27 | Dion Global

    Moody's Investors Service on Friday said the negative outlook on India's rating reflects increasing...more...

  • Micro enterprises best placed to help eco.. 07 May 2020 | 16:13 | Dion Global

    Micro enterprises, with borrowings of less than Rs 1 crore, are best placed to help the economy com...more...

  • RBI announces rate of interest on GOI Flo.. 07 May 2020 | 16:11 | Dion Global

    The rate of interest on the Government of India Floating Rate Bonds, 2024 (GOI FRB 2024) applicable...more...

  • MSMEs need govt push to benefit from comp.. 07 May 2020 | 14:36 | Dion Global

    The government needs to give direct push to MSMEs to ramp up export of consumer goods to reap the b...more...

  • Govt bans exports of alcohol-based hand s.. 07 May 2020 | 09:53 | Dion Global

    The government on Wednesday banned exports of alcohol-based hand sanitizers to boost its availabili...more...

  • Health ministry launches Aarogya Setu IVR.. 06 May 2020 | 17:01 | Dion Global

    The Aarogy Setu Interactive Voice Response System' has been implemented to include citizens with fe...more...

  • Cos need to be more diligent while choosi.. 06 May 2020 | 15:39 | Dion Global

    With an increasing number of corporates mobilising resources to support the government address the ...more...

  • PM Garib Kalyan Package: Govt says Rs 34,.. 06 May 2020 | 13:37 | Dion Global

    The government has provided Rs 34,800 crore financial assistance using digital payment infrastructu...more...

  • Lockdown pulls India's service sector act.. 06 May 2020 | 12:40 | Dion Global

    India's service sector activity plummeted to a historic low in April, as strict restrictions on the...more...

  • GSTN develops functionality for transfer .. 06 May 2020 | 09:40 | Dion Global

    GST Network (GSTN) on Tuesday said it has developed a new functionality on the portal through which...more...

  • More fiscal stimulus measures necessary i.. 06 May 2020 | 09:38 | Dion Global

    Global ratings agency S&P on Tuesday said additional financial stimulus is necessary in India to fi...more...

  • Expecting financial package for MSMEs soo.. 05 May 2020 | 17:08 | Dion Global

    Union Minister Nitin Gadkari has said he expects a financial package to be declared by the governme...more...

  • Delhi govt VAT hike: Petrol price up Rs 1.. 05 May 2020 | 15:03 | Dion Global

    Petrol price in the national capital was hiked by Rs 1.67 a litre on Tuesday and diesel by a steep ...more...

  • RBI Governor meets NBFCs and MFs sector; .. 05 May 2020 | 11:17 | Dion Global

    Reserve Bank Governor Shaktikanta Das on Monday reviewed liquidity position and ways to promote len...more...

  • Investor wealth plummets Rs 5.15 lakh cr .. 04 May 2020 | 12:49 | Dion Global

    Investors witnessed a wealth erosion of Rs 5.15 lakh crore in BSE-listed companies in morning trade...more...

  • India's manufacturing sector activity hit.. 04 May 2020 | 12:46 | Dion Global

    The country's manufacturing sector activity witnessed unprecedented contraction in April amid natio...more...

  • Forex reserves fall USD 113 mn to USD 479.. 04 May 2020 | 10:33 | Dion Global

    After rising for the past few weeks, the country's foreign exchange reserves declined USD 113 milli...more...

  • Bank transfer of 2nd installment of Rs 50.. 04 May 2020 | 09:30 | Dion Global

    Women Jan Dhan bank account holders will start getting the second installment of Rs 500 from Monday...more...

  • RBI grants more time to banks to file reg.. 30 Apr 2020 | 16:16 | Dion Global

    The RBI on Thursday permitted banks to file regulatory returns with a delay of up to 30 days from t...more...

  • Truncated trading hours for debt, currenc.. 30 Apr 2020 | 15:50 | Dion Global

    Amid uncertainty over the lockdown period, the Reserve Bank on Thursday extended the truncated trad...more...

  • Govt considering packages for sectors fac.. 30 Apr 2020 | 10:09 | Dion Global

    The government is "seriously considering" unveiling packages, to the extent possible, to support se...more...

  • RBI's liquidity support for MFs may strug.. 29 Apr 2020 | 14:47 | Dion Global

    The Reserve Bank of India's liquidity support for mutual funds may struggle to be effective, as its...more...

  • India extends USD 150 million foreign cur.. 29 Apr 2020 | 11:10 | Dion Global

    India extended a USD 150 million foreign currency swap support to the Maldives on Tuesday to help t...more...

  • ADB approves USD 1.5 bn loan to India to .. 28 Apr 2020 | 15:38 | Dion Global

    The Asian Development Bank (ADB) on Tuesday said it has approved USD 1.5 billion loan to India to h...more...

  • CBDT again defers GST, GAAR reporting in .. 28 Apr 2020 | 14:12 | Dion Global

    The Income Tax Department on Monday deferred for the third time the requirement for companies to in...more...

  • India's rating could come under pressure .. 28 Apr 2020 | 13:24 | Dion Global

    Fitch Ratings on Tuesday said India's sovereign rating could come under pressure if there is furthe...more...

  • Indian startups attract funding worth USD.. 28 Apr 2020 | 13:17 | Dion Global

    Indian tech-led startups attracted funding worth USD 2.5 billion in the first quarter of 2020, a 14...more...

  • Crisil downgrades India growth forecast b.. 28 Apr 2020 | 09:35 | Dion Global

    Domestic rating agency Crisil said on Monday nearly halved its GDP forecast for India to 1.8 per ce...more...

  • Ind-Ra cuts India's FY21 GDP growth furth.. 27 Apr 2020 | 14:10 | Dion Global

    India Ratings and Research (Ind-Ra)on Monday revised its FY21 economic growth forecast for the coun...more...

  • CBIC clears Rs 10,700 cr GST, customs dut.. 27 Apr 2020 | 11:27 | Dion Global

    The Central Board of Indirect Taxes (CBIC) has cleared over Rs 10,700 crore worth refunds in GST an...more...

  • FPIs pull out Rs 10,347 cr from capital m.. 27 Apr 2020 | 10:05 | Dion Global

    Remaining risk-averse amid the coronavirus pandemic, overseas investors have withdrawn net Rs 10,34...more...

  • India's holding of US govt securities hit.. 27 Apr 2020 | 10:00 | Dion Global

    Continuing to increase its exposure, India's holding of US government securities jumped by over USD...more...

  • Rs 1-lakh cr fund in the works to repay p.. 24 Apr 2020 | 17:15 | Dion Global

    The government will set up a Rs 1-lakh crore fund to repay outstanding payments to MSMEs owed by th...more...

  • RBI allows banks to issue electronic card.. 24 Apr 2020 | 11:10 | Dion Global

    Relaxing norms, the Reserve Bank of India on Thursday permitted banks to issue electronic cards to ...more...

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