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The first advance estimate of FY20 gross value added (GVA) growth is estimated at 4.9 per cent against 6.6 per cent in 2018-19. The manufacturing sector is expected to grow at 2 per cent in 2019-20 compared to 6.9 per cent in the previous year.

With India's economy in a tailspin, Cabinet approves PLI plan for 10...

Under the five-year scheme that will continue till 2025, extra domestic production will be encouraged in 10 key sectors

12 Nov 2020 1:16 PM IST

Tax authorities raids Chinese entities for money laundering. (PTI Photo)

LIC bats for a unified regulator to oversee all of India's financial...

The insurer is of view that the regulatory process in all these sectors need to be simplified

10 Nov 2020 10:43 AM IST

BSE Tower. (PTI Photo)

After unpredictable Samvat 2076, India's stock markets look forward to...

India has chance to come out stronger and report healthy growth in Samvat 2077, provided we don't see a big second wave...

9 Nov 2020 1:08 PM IST

Similarly, a number of structural reforms have been taken in recent years which include demonetisation, implementation of the Goods and Services Tax (GST), banking policies etc. which will need time to yield results. The recent performance of some sectors has shown optimism.

Mid sized banks report higher Q2 net profit as asset quality improves

Fresh slippages were lower in the absence of lumpy corporate non-performing assets

7 Nov 2020 10:54 AM IST

Reserve Bank of India on Thursday released a national strategy for financial education to be implemented in the next five years. (PTI Photo)

RBI announces Co-lending scheme for banks, NBFCs for priority sector

The primary focus of the revised scheme is to improve the flow of credit to the unserved and underserved sector of the...

6 Nov 2020 1:42 PM IST

People living in the streets sit in line to receive food served by the Delhi government at a temporary shelter in the Nizamuddin area. The nationwide lockdown has thrown thousands of workers out of jobs and left them without access to food. (DC Photo: Pritam Bandyopadhyay)

Even as economic recovery continues, India lost 5.5 lakh jobs in...

October is the first month since the recovery began in May that has recorded a fall in employment

6 Nov 2020 2:27 AM IST

Reserve Bank of India (RBI) sets out proposals for tighter governance at banks. (PTI Photo)

Loan moratorium: RBI urges SC to lift interim order banning...

The bench said that it would take up the matter for hearing on November 18

5 Nov 2020 1:58 PM IST

Indias factory activity grows for first time in five months in August. (PTI Photo)

Manufacturing PMI expands to 13-year high in October, signals economic...

The survey, however, showed that the Asia's third-largest economy was signalling a fast recovery

2 Nov 2020 7:36 PM IST

Centre has decided to delink the land component from the companies and transfer them to their parent ministries

Centre to delink land held by 17 sick PSUs

While the government identified 19 sick PSUs for time-bound closure two years back, till now it has managed to close...

2 Nov 2020 10:49 AM IST

GST collections in July fall 14% due to COVID lockdown. (Photo-ANI)

GST collections cross Rs 1L crore for the first time after COVID-19...

The revenues collected for the month are 10 per cent higher than the GST revenues in the same month last year

1 Nov 2020 8:18 PM IST

The Centre for the Monitoring of the Indian Economy says that corporate sales declined by 1.2 per cent in the October-December 2019-20 quarter (having declined by 2.8 per cent before that) and profits before tax shrunk by 10 per cent (compared to a shrinkage of 60 per cent in the previous quarter).

India's economy worst-hit among emerging markets

At 4.9 per cent retail inflation in 2020 will be the highest in India.

31 Oct 2020 12:30 PM IST

Indias August gold imports doubles to hit 8-month peak. (Representative Image)

Gold demand in India plunges to 25-year low

India's gold demand in 2020 might be the lowest in 25 years as the pandemic has already dragged down consumption in the...

30 Oct 2020 12:54 PM IST