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Madhusudan Sahoo Page-4

Despite the significant rebound, firms cut staff for the sixth month in a row (PTI photo)

India's manufacturing activity gains momentum despite job losses

On the price front, the survey also observed that there was a softer and historically weak rise in input costs

01 Oct 2020 9:54 PM

Insurers have paid out Rs 1400 crore since the pandemic began.

So you thought corona was good for insurance companies?

It's great that everyone's taking health insurance but for insurance companies the claims are mounting

18 Sep 2020 1:06 PM

The latest GDP data released by India indicated a steep contraction of 23% in the economy. (AP file photo)

Finally, it falls to the farmer to rescue salvage India's parlous GDP

Growing at 3.4%, farm sector may be a safe haven for millions of corona refugees from urban India

01 Sep 2020 9:56 AM

The present chairman incumbent, Rajnish Kumar, is on extension post-retirement

SBI calls for MDs for interview over chairman post

While the interviews are for the chairman's position, the bank will soon have a vacancy for an MD too after Arijit Basu retires

24 Aug 2020 7:00 PM

India's economy seen slowing rapidly even before coronavirus outbreak. (PTI Photo)

Even before Covid19, India's economy was slumping

The economy grew by 3.1% in Jan-Mar quarter of 2019-20, against 5.7% at the same time a year ago, the slowest growth in at least eight years

30 May 2020 11:17 AM

India's finance minister Nirmala Sitharaman. (PTI)

In first tranche of stimulus, MSMEs to get collateral-free loans to restart business

Employees' Provident Fund contributions will be paid by government for next three months

14 May 2020 9:44 AM

Finance Minister Nirmala Sitharaman (Photo- PTI)

Key tax, other deadlines extended; ATM charges waived

Govt to announce economic package soon to cushion impact of coronavirus, says Sitharaman

24 Mar 2020 8:09 PM

A source said the EPFO’s earnings on debt market instruments, including government securities and fixed deposits, have been negatively impacted this fiscal.

EPFO cuts interest rate to seven-year low of 8.5 per cent

A government official said the retirement fund would have incurred a loss had it retained the interest rate at last year’s level of 8.65 per cent.

06 Mar 2020 2:57 AM

Govt mulls move to tackle corona effect on economy

According to the first advanced estimates of Central Statistical Office, India’s GDP is expected to grow at 5 per cent in 2019-20, a 10-year low.

19 Feb 2020 2:01 AM

Union finance minister Nirmala Sitharaman

Mega talkathon Budget

Fiscal deficit pegged at 3.5%; Nominal GDP to be 10%; Capex scaled to 21%.

02 Feb 2020 5:23 AM

Fiscal deficit target 3.8 per cent

The deficit target for the coming fiscal year starting April 1 was widened to 3.5 per cent.

02 Feb 2020 3:32 AM

Survey predicts growth rise to 6-6.5 per cent in 2020-21

Sitharaman will present the Union Budget in the Lok Sabha at 11 am on Saturday.

01 Feb 2020 1:51 AM

The government was forced to import onion in a bid to contain prices, which have cooled down now to around Rs 58-60/kg from the peak of over Rs 160/kg in the last few months.

Centre may offer imported onion at Rs 20/ kg to states

The prices of these onions will also be fixed depending upon the demand and consumption at various states.

31 Jan 2020 1:35 AM

The government aims to allay corporate India’s fears about harsh laws that lead to heavy penalties and years of jail for violations, and encourage companies to invest more to help the economy achieve the $5-trillion target by 2024, a top source said.

Farmers may not get big package this time

The middle-class is expected to get some tax relief but sops for farmers look unlikely this time.

28 Jan 2020 1:29 AM

Sensing a likely shortage of urad dal in the months ahead, the government plans to relax the time limit for importing the commodity by three months.

Urad import rules eased to avert shortage

The industry is expecting a shortage of the lentil and has urged the Centre to remove quantitative curbs on urad.

20 Jan 2020 1:52 AM

According to a source, the appointment of Challa Sreenivasulu Setty as managing director (MD) of SBI has been cleared by the BBB, headed by former Department of Personnel and Training secretary BP Sharma, while the name of Ashwin Bhatia, MD & CEO of SBI Mutual Fund, has been kept as a standby for the same position.

Key positions in SBI, BoB await govt okay

Interviews for the post were held in the last week of October, in which 17 candidates appeared from both SBI and other public sector banks.

20 Jan 2020 1:44 AM

The NSO data shows inflation in pulses/vegetable product was recorded at 15.44 per cent, while in case of meat and fish it was nearly 10 per cent.

Retail inflation rises to 7.35 per cent, highest in 5 yrs

Surge in food/vegetable prices triggers fresh growth concerns.

14 Jan 2020 3:05 AM

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.

Govt pegs GDP growth at 5 per cent for current fiscal

GDP growth stood at 4.8 per cent for the first half of the current fiscal year.

08 Jan 2020 1:23 AM

After the recent Karvy demat account scam, over 30 broking houses are suspected to be indulging in unethical practice of utilising the margin money of customers.

More brokerages may have used clients’ funds

“Any such increase in costs could strain smaller brokerages financially,” the source said.

13 Dec 2019 1:29 AM

Move on to increase GST rates, cut slabs

At present, the 5 per cent goods and services tax (GST) slab includes essential commodities such as food items, footwear and basic clothing.

12 Dec 2019 1:17 AM

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Shobhaa De