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Former Niti Aayog Vice Chairman Arvind Panagariya (Twitter)

Indian economy recovered 'handsomely' from pandemic-induced disruptions: Panagariya

The economy, which was significantly hit by the pandemic, had contracted 7.3 per cent in the last fiscal

25 Jan 2022 12:18 PM

SBI said in a statement that it will not levy any service charge on Immediate Payment Service (IMPS) transactions up to Rs 5 lakh done through Internet banking/Mobile Banking including YONO. (PTI Photo)

SBI makes online IMPS transactions upto Rs 5 lakh free

In the case of Branch Channels, there is no change in the service charges in the existing slabs

04 Jan 2022 7:34 PM

A health worker prepares to administer a dose of COVID-19 vaccine to a teenager at a government school in Bengaluru. (Photo: PTI)

India seeks emergency meeting of WTO's General Council to discuss COVID package

WTO is a 164-member multilateral body which formulate rules for global exports and imports

03 Jan 2022 3:19 PM

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman gestures during a news conference after the 46th GST Council meeting, in New Delhi, Friday, Dec 31, 2021. (PTI Photo/Kamal Kishore)

GST council puts off rate hike on textiles

The matter has been referred to the tax rate rationalisation committee and it will be discussed again at the next meeting of the council

01 Jan 2022 7:13 AM

The Centre has already finalised the rules under these codes and now states are required to frame regulations on their part as labour is a concurrent subject. (Representational Image: PTI)

Four-day work week, change in salary: All about new labour codes in FY 2022-23

These changes in the labour code will have a significant impact on working hours, take-home salary and PF contribution

22 Dec 2021 12:39 PM

GDP growth nevertheless remained strong, driven by growth in private consumption at 8.6 per cent and in investment at 17.2 per cent. — Representational image/DC

ADB lowers India’s FY22 GDP growth to 9.7%

India had witnessed a strong 20.1 per cent growth rebound in Q1 of FY22

15 Dec 2021 9:59 AM

The bulletin also said that the Covid crisis has led to significant economic losses and made the social fabric of the Brics countries fragile by amplifying unemployment, poverty, gender disparity and migration risks. — Representational image/PTI

Brics recovery hinges on vaccination

Going forward, the pace and efficacy of vaccination is going to be the most important determinant of economic recovery

13 Dec 2021 9:33 AM

During the current financial year, the government has earmarked Rs 20,000 crore for the recapitalisation of PSBs. (Photo: PTI/File)

Govt unlikely to announce capital infusion for PSU banks in Budget 2022-23

To augment their resources, banks would be encouraged to raise funds from the market

12 Dec 2021 11:19 AM

It is expected to ease further to 5 per cent by the first quarter of the next fiscal year. (Photo: AA/File)

Retail inflation expected to be around 5.3 per cent in current fiscal: RBI

The inflation trajectory is likely to be in line with our earlier projections, Das said

08 Dec 2021 11:48 AM

RBI Governor Shaktikanta Das. (PTI Photo)

RBI maintains status quo for 9th consecutive time; retains repo rate at 4 pc

The inflation projection has been retained at 5.3 per cent for the current financial year

08 Dec 2021 10:41 AM

According to the report, average household wealth in India stands at Rs 983,010. (Photo: PTI/File)

India among most unequal nations; top 1% of population holds 22% of national income

The report pointed out that the average national income of the Indian adult population is Rs 204,200

08 Dec 2021 9:38 AM

The RBI had last cut the repo rate by a 40 basis points on May 22, 2020 to 4 per cent to boost demand, and refrained from taking any action on interest rates. (Representational Image. AA File Image)

RBI may keep rates on hold

The six-member rate setting panel (MPC) is meeting for three days starting Monday with the outcome being announced on Wednesday

06 Dec 2021 2:29 AM

RBI-headed Monetary Policy Committee (MPC) is scheduled to meet during December 6-8, 2021. (Photo: PTI/File)

RBI likely to keep key policy rate unchanged, say experts

The decision of the rate setting panel would be announced on Wednesday

05 Dec 2021 2:09 PM

As per the release, the recent trend of high GST revenues has been a result of various policy and administrative measures that have been taken in the past to improve compliance. (DC File Image)

GST collected in November, 2021 second highest since its implementation

As per the data shared, the highest amount of tax is collected from Maha (Rs 18656 cr), then Gujarat (Rs 9569 cr) and Karnataka (Rs 9048 cr)

01 Dec 2021 5:00 PM

The manufacturing sector, which contracted by 1.5 per cent in Q2 FY21, staged a robust comeback with a growth of 5.5 per cent in the second quarter. (Representational Photo:AFP)

GDP grows 8.4% in Q2 amid positive signals in economy

The official data Tuesday also showed that the economy has surpassed the pre-Covid level

01 Dec 2021 1:43 AM

Union Finance Minister Nirmala Sitharaman. (PTI Photo)

No proposal to recognise Bitcoin as a currency: FM Nirmala Sitharaman

It was introduced in 2008 by an unidentified group of programmers as a cryptocurrency as well as an electronic payment system

29 Nov 2021 1:23 PM

Individual investors can invest as little as 10,000 rupees in government bonds directly through accounts with the central bank. (Representational image)

Centre opens $1tn government bond market to individual investors

Prime Minister Narendra Modi said Friday the new scheme 'allows the smallest investor to participate in the country's economic progress'

13 Nov 2021 7:19 AM

On Thursday, the rupee had settled at 74.52 against the US dollar. (PTI Photo)

Rupee rises 16 paise to 74.36 against US dollar in early trade

The rupee opened strong at 74.36 against the dollar, a rise of 16 paise over its previous close

12 Nov 2021 12:45 PM

The Economic Survey 2020-21 had projected GDP growth of 11 per cent during the current financial year. (Photo: PTI/Representational)

India on way to becoming fastest growing economy in world: FinMin report

Rapid vaccination and teeming festivities will push India's ongoing recovery, as per the report

10 Nov 2021 1:52 PM

The Cait said the massive shopping ended the slowdown in business that persisted for the past two years. Encouraged by Diwali sales, traders across the country are now gearing up for wedding season sales scheduled to start on November 14. — Representational image/PTI

Traders report Rs 1.25 L cr Diwali biz

Delhi alone did a business of about Rs 25,000 crore

06 Nov 2021 11:07 AM

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Shobhaa De