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Economy News

  • Govt procures 107 lakh tonnes of paddy at.. 22 Oct 2020 | 09:39 | Dion Global

    Government-owned FCI and state procurement agencies have bought 106.88 lakh tonnes of paddy so far ...more...

  • RBI announces Rs 1 lakh crore "on ta.. 22 Oct 2020 | 09:35 | Dion Global

    The Reserve Bank on Wednesday announced an "on tap" Targeted Long-Term Repo Operations (T...more...

  • Central govt announces Rs 3,737 cr bonus .. 22 Oct 2020 | 09:35 | Dion Global

    The government on Wednesday decided to give Rs 3,737 crore bonus to 30.67 lakh central government e...more...

  • Govt procures 107 lakh tonnes of paddy at.. 21 Oct 2020 | 17:27 | Dion Global

    Government-owned FCI and state procurement agencies have bought 106.88 lakh tonnes of paddy so far ...more...

  • Govt issues draft rules for Rashtriya Rak.. 21 Oct 2020 | 17:27 | Dion Global

    The Centre has issued draft rules for the Rashtriya Raksha University Act 2020, which was enacted i...more...

  • Govt launches Rs 10,000cr scheme to boost.. 19 Oct 2020 | 17:43 | Dion Global

    Union Minister of State for Agriculture Parshottam Rupala on Monday launched a new scheme, Ayushman...more...

  • Govt launches Rs 10,000cr scheme to boost.. 19 Oct 2020 | 17:43 | Dion Global

    Union Minister of State for Agriculture Parshottam Rupala on Monday launched a new scheme, Ayushman...more...

  • RBI announces Rs 10000 cr OMO purchase of.. 19 Oct 2020 | 09:51 | Dion Global

    The Reserve Bank of India, as announced in the Statement on Developmental and Regulatory Policies d...more...

  • RBI announces Rs 10000 cr OMO purchase of.. 19 Oct 2020 | 09:51 | Dion Global

    The Reserve Bank of India, as announced in the Statement on Developmental and Regulatory Policies d...more...

  • RBI to conduct first-ever OMO purchase of.. 16 Oct 2020 | 16:38 | Dion Global

    The Reserve Bank of India on Friday said it will conduct first-ever Open Market Operation (OMO) pur...more...

  • Centre To Borrow Rs 1.1 lakh crore To Mee.. 16 Oct 2020 | 10:08 | Dion Global

    The central government will borrow ?1.1 lakh crore under the special window to meet the shortfall o...more...

  • Bank Credit Growth Decelerates To 5.7% On.. 15 Oct 2020 | 09:57 | Dion Global

    Bank credit growth decelerated for the sixth successive quarter and stood at 5.7 percent on year in...more...

  • Cabinet approves new STARS project to str.. 14 Oct 2020 | 17:03 | Dion Global

    The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the STARS project u...more...

  • Govt okays Rs 520-crore package under NRL.. 14 Oct 2020 | 17:03 | Dion Global

    The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a special package o...more...

  • EPFO launches WhatsApp helpline service 14 Oct 2020 | 10:27 | Dion Global

    Retirement fund body EPFO has launched a WhatsApp helpline service for speedy redressal of grievanc...more...

  • India growth to contract by 10.3% in fisc.. 14 Oct 2020 | 10:08 | Dion Global

    India is set to witness the worst contraction this year, shrinking 10.3 percent due to a collapse i...more...

  • Twenty States allowed to mobilize Rs 6882.. 14 Oct 2020 | 10:07 | Dion Global

    The Department of Expenditure, Ministry of Finance, has granted permission to 20 States to raise an...more...

  • RBI remains net purchaser of US dollar in.. 13 Oct 2020 | 10:06 | Dion Global

    The Reserve Bank of India remained a net buyer of the US currency in August after it purchased USD ...more...

  • RBI raises banks' aggregate exposure limi.. 13 Oct 2020 | 10:04 | Dion Global

    In a bid to increase credit flow to small businesses, the RBI on Monday raised banks' maximum aggre...more...

  • ADB, govt ink USD 570 million loan agreem.. 13 Oct 2020 | 10:02 | Dion Global

    Multilateral funding agency Asian Development Bank on Monday said it has inked loan agreement worth...more...

  • PM launches SVAMITVA scheme, says propert.. 12 Oct 2020 | 10:04 | Dion Global

    Prime Minister Narendra Modi launched physical distribution of property cards under SVAMITVA scheme...more...

  • GDP likely to contract 9.5 pc in FY'21: R.. 09 Oct 2020 | 11:14 | Dion Global

    The Reserve Bank of India on Friday said the economy is likely to contract by 9.5 per cent in the c...more...

  • RBI keeps policy rate unchanged at 4% 09 Oct 2020 | 10:31 | Dion Global

    Maintaining status quo for the second time in a row, Reserve Bank of India on Friday decided to kee...more...

  • India’s GDP expected to contract by.. 08 Oct 2020 | 12:29 | Dion Global

    The World Bank on Thursday said that India’s GDP is expected to contract by 9.6 per cent this...more...

  • Cabinet approves revised cost for Kolkata.. 07 Oct 2020 | 16:26 | Dion Global

    The Union Cabinet on Wednesday approved revised cost for Kolkata East West Metro Corridor Project f...more...

  • Indian services sector activity broadly s.. 07 Oct 2020 | 10:10 | Dion Global

    Indian service sector output broadly stabilised in September but remained in the contraction zone a...more...

  • Govt removes export curbs on N-95 masks 06 Oct 2020 | 16:22 | Dion Global

    The government on Tuesday removed export curbs on N-95 masks, to promote outbound shipments of the ...more...

  • Dividend payouts leave little cash with N.. 06 Oct 2020 | 11:14 | Dion Global

    The extraction of large shareholder payouts from national oil companies by the government leaves li...more...

  • Exports rise 5.27% in Sep, trade deficit .. 05 Oct 2020 | 10:09 | Dion Global

    After contracting for six months in a row, the country"s exports grew by 5.27 per cent year-on...more...

  • GST mop-up rises 4% to Rs 95,480 cr in Se.. 01 Oct 2020 | 17:31 | Dion Global

    The country"s GST collections grew 4 per cent to a high of Rs 95,480 crore in September, indic...more...

  • India's Sep manufacturing PMI sees fastes.. 01 Oct 2020 | 14:17 | Dion Global

    India's manufacturing sector activity improved for the second straight month in September and touch...more...

  • Govt extends FY19 GST annual return filin.. 30 Sep 2020 | 13:46 | Dion Global

    The government has extended the deadline for filing GST annual return and audit report for 2018-19 ...more...

  • RBI postpones MPC meeting as posts lie va.. 28 Sep 2020 | 18:00 | Dion Global

    The Reserve Bank on Monday postponed the meeting of the Monetary Policy Committee (MPC), the all-im...more...

  • CII asks RBI to relook circular on openin.. 28 Sep 2020 | 10:22 | Dion Global

    Industry body CII has urged the Reserve Bank to reconsider its circular regarding opening of curren...more...

  • ESIC scheme adds 7.41 lakh new members in.. 25 Sep 2020 | 16:18 | Dion Global

    Around 7.41 lakh new members joined the ESIC-run social security scheme in July this year, against ...more...

  • PSU banks on-board 1-cr account holders o.. 25 Sep 2020 | 15:32 | Dion Global

    The finance ministry on Friday said that public sector banks (PSBs) have on-boarded about one crore...more...

  • RBI prescribes five-pillared approach to .. 25 Sep 2020 | 12:05 | Dion Global

    The Reserve Bank on Thursday came out with a five-pillared strategic approach "GUARD" to ...more...

  • Economy can be revived only by boosting c.. 24 Sep 2020 | 09:54 | Dion Global

    The economy can be revived only by boosting consumer sentiments, which are weak and need measures l...more...

  • Parliament passes bill to bring cooperati.. 22 Sep 2020 | 14:39 | Dion Global

    Parliament on Tuesday passed amendments to the Banking Regulation Act to bring cooperative banks un...more...

  • Niti Aayog, ISPP join hands for capacity .. 21 Sep 2020 | 09:35 | Dion Global

    Niti Aayog and the Indian School of Public Policy (ISPP) have joined hands for training, mentoring ...more...

  • MSME units from Maharashtra availed maxim.. 21 Sep 2020 | 09:32 | Dion Global

    The government on Saturday said MSME units from Maharashtra availed maximum loans under the Emergen...more...

  • Net direct tax collection dips 31% in Apr.. 21 Sep 2020 | 09:30 | Dion Global

    The net direct tax collection during April-August was Rs 1.92 lakh crore, down 31 per cent over the...more...

  • AUM under NPS, Atal Pension Yojana nears .. 18 Sep 2020 | 16:46 | Dion Global

    The total assets under management of the National Pension System and the Atal Pension Yojana are ap...more...

  • Retail inflation for farm workers, rural .. 18 Sep 2020 | 16:45 | Dion Global

    Retail inflation for farm workers and rural labourers cooled down to 6.32 per cent and 6.28 per cen...more...

  • Consumer confidence up marginally in Sep:.. 17 Sep 2020 | 11:44 | Dion Global

    Consumer confidence index has shown a marginal uptick of 1.1 percentage points in September 2020, a...more...

  • Govt issues postage stamp commemorating f.. 17 Sep 2020 | 11:40 | Dion Global

    A postage stamp commemorating the first successful anti-satellite missile (A-SAT) test was released...more...

  • Tax refunds worth over Rs 1.06 lakh cr is.. 16 Sep 2020 | 17:49 | Dion Global

    The income tax department on Wednesday said it has issued refunds of over Rs 1.06 lakh crore to mor...more...

  • Govt to bring out strategy paper on boost.. 16 Sep 2020 | 17:42 | Dion Global

    The government is in the process of bringing out a strategy paper on boosting industrial growth whi...more...

  • India’s GDP to contract by 8.6% in .. 16 Sep 2020 | 17:28 | Dion Global

    Swiss brokerage UBS Securities said it forecasts a GDP contraction of 8.6 per cent in FY21 as again...more...

  • Retail inflation eases marginally to 6.69.. 15 Sep 2020 | 10:02 | Dion Global

    Retail inflation softened slightly to 6.69 per cent in August as price rise in some food items ease...more...

  • RBI asks banks to use automated IT-based .. 15 Sep 2020 | 10:01 | Dion Global

    Concerned over manual identification of bad loans by some banks, the RBI on Monday asked lenders to...more...

  • S&P projects Indian economy to contract 9.. 14 Sep 2020 | 15:10 | Dion Global

    S&P Global Ratings on Monday slashed its growth forecast for India to (-) 9 per cent in the current...more...

  • RBI remains net purchaser of US dollar in.. 14 Sep 2020 | 12:46 | Dion Global

    The Reserve Bank continued to remain a net buyer of the US currency in July after it purchased USD ...more...

  • Industrial production declines 10.4% in J.. 14 Sep 2020 | 09:11 | Dion Global

    Industrial production shrank by 10.4 per cent in July, mainly due to lower output of manufacturing,...more...

  • CARE Ratings projects sharper GDP contrac.. 14 Sep 2020 | 09:09 | Dion Global

    Domestic rating agency CARE Ratings said the country's economy is likely to see a sharper contracti...more...

  • Moody's projects Indian economy to contra.. 11 Sep 2020 | 17:35 | Dion Global

    Moody's Investors Service on Friday slashed India's growth projection for the current fiscal to (-)...more...

  • RBI lays down guidelines for banks to app.. 11 Sep 2020 | 15:23 | Dion Global

    The Reserve Bank of India (RBI) on Friday laid down guidelines for appointment of chief compliance ...more...

  • Govt approves Rs 971-cr Munger-Bhagalpur .. 10 Sep 2020 | 15:48 | Dion Global

    The government on Thursday said it has approved a Rs 971 crore highway project in Bihar. "The Mi...more...

  • India and Japan signs agreement on Recipr.. 10 Sep 2020 | 13:34 | Dion Global

    India and Japan signed an Agreement between the two countries concerning Reciprocal Provision of Su...more...

  • PM to launch flagship fisheries scheme, a.. 10 Sep 2020 | 10:16 | Dion Global

    Prime Minister Narendra Modi will digitally launch the Pradhan Mantri Matsya Sampada Yojana (PMMSY)...more...

  • FY21 GDP to contract 11.8%; growth to reb.. 09 Sep 2020 | 10:21 | Dion Global

    Domestic rating agency India Ratings and Research on Tuesday revised downward the country"s FY...more...

  • Indian economy worst hit, FY21 GDP to con.. 09 Sep 2020 | 10:03 | Dion Global

    The Indian economy is the worst-hit among major economies, American brokerage Goldman Sachs said on...more...

  • Fitch projects Indian economy to contract.. 08 Sep 2020 | 10:56 | Dion Global

    Fitch Ratings on Tuesday projected a massive 10.5 per cent contraction of India's economy in the cu...more...

  • RBI to set up innovation hub for finance .. 07 Sep 2020 | 18:37 | Dion Global

    The Reserve Bank of India (RBI) is in the process of setting up an innovation hub which will focus ...more...

  • RBI expands priority sector lending categ.. 04 Sep 2020 | 15:07 | Dion Global

    The Reserve Bank has expanded the scope of priority sector lending to include start-ups funding up ...more...

  • FM asks banks to roll out loan restructur.. 03 Sep 2020 | 17:49 | Dion Global

    Finance Minister Nirmala Sitharaman on Thursday asked banks and NBFCs to roll out loan restructurin...more...

  • Services sector activity better in August.. 03 Sep 2020 | 11:27 | Dion Global

    The downturn in India's services sector activity eased significantly in August but remained in the ...more...

  • India's mfg sector activity returns to gr.. 01 Sep 2020 | 14:12 | Dion Global

    India's manufacturing sector activity re-entered the growth territory in August, driven by a reboun...more...

  • Indian economy contracts 23.9% in April-J.. 01 Sep 2020 | 09:32 | Dion Global

    The Indian economy contracted by 23.9 per cent in the April-June quarter of this fiscal amid the CO...more...

  • Retail inflation for industrial workers e.. 31 Aug 2020 | 16:16 | Dion Global

    Retail inflation for industrial workers eased marginally to 5.33 per cent in July compared to 5.98 ...more...

  • Economy unlock may curb fleet operator re.. 28 Aug 2020 | 18:04 | Dion Global

    The unlocking of the economy is expected to contain the decline in fleet operators" revenue to...more...

  • RBI flags concerns over climate change im.. 26 Aug 2020 | 09:57 | Dion Global

    The Reserve Bank of India (RBI) on Tuesday flagged concerns about impact of climate change, in term...more...

  • ESIC scheme adds 7.92 lakh new members in.. 26 Aug 2020 | 09:54 | Dion Global

    Around 7.92 lakh new members joined the ESIC-run social security scheme in June 2020, compared to 4...more...

  • Difficult to accurately assess economic i.. 25 Aug 2020 | 17:10 | Dion Global

    The Reserve Bank on Tuesday said it is difficult to accurately assess the economic impact of COVID-...more...

  • RBI announces special OMO of Rs 20,000 cr.. 25 Aug 2020 | 15:19 | Dion Global

    The Reserve Bank of India on Tuesday said it will conduct simultaneous purchase and sale of governm...more...

  • GST reduced tax rates, doubled taxpayer b.. 24 Aug 2020 | 13:17 | Dion Global

    The Finance Ministry on Monday said GST has reduced the rate at which people have to pay tax, helpe...more...

  • India imposes anti-dumping duty on phosph.. 24 Aug 2020 | 10:24 | Dion Global

    India on Friday imposed anti-dumping duty on phosphoric acid from Korea for five years with a view ...more...

  • RBI suggests action plan to promote finan.. 20 Aug 2020 | 16:04 | Dion Global

    The Reserve Bank of India (RBI) on Thursday came out with a "5-Core Actions" approach for...more...

  • India's agri exports up 23.24% to over Rs.. 18 Aug 2020 | 16:29 | Dion Global

    India's farm exports rose 23.24 per cent in value terms to Rs 25,552.7 crore during March-June peri...more...

  • Govt in process of launching 24x7 mental .. 17 Aug 2020 | 16:07 | Dion Global

    The government is in the process of launching a 24x7 rehabilitation helpline to assist people to co...more...

  • Govt launches online platform for health,.. 17 Aug 2020 | 15:02 | Dion Global

    The government on Monday launched a first-of-its-kind online platform containing "comprehensive" he...more...

  • RBI Board approves transfer of Rs 57,128 .. 14 Aug 2020 | 17:00 | Dion Global

    The RBI Board on Friday approved the transfer of Rs 57,128 crore as surplus to the central governme...more...

  • WPI inflation falls 0.58% in July, food p.. 14 Aug 2020 | 16:59 | Dion Global

    The wholesale price-based inflation stood at (-)0.58 pc in July, remaining in the negative zone for...more...

  • Retail inflation at 6.93% in July 13 Aug 2020 | 18:04 | Dion Global

    Retail inflation rose to 6.93 per cent in July, mainly on account of higher prices of food items, g...more...

  • PM unveils new tax reforms - faceless tax.. 13 Aug 2020 | 14:16 | Dion Global

    In a major overhaul of tax administration, Prime Minister Narendra Modi on Thursday unveiled facele...more...

  • PM to launch platform to honour honest ta.. 12 Aug 2020 | 12:12 | Dion Global

    Prime Minister Narendra Modi will launch a platform for honouring the country"s honest taxpaye...more...

  • Industrial production declines 16.6% in J.. 11 Aug 2020 | 18:36 | Dion Global

    Industrial production declined by 16.6 per cent in June, mainly due to lower output of manufacturin...more...

  • FM Sitharaman launches online dashboard f.. 11 Aug 2020 | 10:04 | Dion Global

    Finance Minister Nirmala Sitharaman on Monday launched the National Infrastructure Pipeline (NIP) O...more...

  • RBI announces constitution of an Expert C.. 10 Aug 2020 | 12:18 | Dion Global

    As part of the Statement on Developmental and Regulatory Policies released along with the Monetary ...more...

  • PM to launch financing facility under Agr.. 10 Aug 2020 | 10:13 | Dion Global

    Prime Minister Narendra Modi on Sunday greeted people on "Balram jayanti", "Hal Chha...more...

  • Cos garner Rs 1.55 lakh cr via BSE bond p.. 07 Aug 2020 | 17:33 | Dion Global

    Indian companies have raised over Rs 1.55 lakh crore through debt instruments by using BSE Bond pla...more...

  • RBI to allow offline payments through car.. 06 Aug 2020 | 16:26 | Dion Global

    The Reserve Bank on Thursday announced a scheme on pilot basis for offline retail payments using ca...more...

  • RBI to bring start-ups under priority sec.. 06 Aug 2020 | 14:34 | Dion Global

    The Reserve Bank of India (RBI) on Thursday decided to broaden the scope of Priority Sector Lending...more...

  • Headline inflation to remain elevated in .. 06 Aug 2020 | 14:32 | Dion Global

    Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said the country’s headline ...more...

  • Protracted spread of COVID-19 poses downs.. 06 Aug 2020 | 13:26 | Dion Global

    The Reserve Bank of India on Thursday sounded a note of caution saying that protracted spread of th...more...

  • RBI extends loan restructuring facility t.. 06 Aug 2020 | 13:14 | Dion Global

    The Reserve Bank of India (RBI) on Thursday announced a loan restructuring window for corporates fo...more...

  • Inflation likely to be elevated in second.. 06 Aug 2020 | 13:13 | Dion Global

    The Reserve Bank of India (RBI) on Thursday said inflation is expected to be at elevated levels dur...more...

  • RBI leaves benchmark lending rate unchang.. 06 Aug 2020 | 12:15 | Dion Global

    The Reserve Bank of India (RBI) on Thursday opted for a status quo and left interest rates unchange...more...

  • ITR scrutiny reduced to 0.25 pc in AY 201.. 05 Aug 2020 | 11:37 | Dion Global

    Income tax returns picked up for scrutiny has reduced to 0.25 per cent of the total ITRs filed in a...more...

  • Worst seems to be over, farm sector to cu.. 04 Aug 2020 | 15:02 | Dion Global

    The worst seems to be over and the agriculture sector will provide a cushion for the coronavirus-hi...more...

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