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Sunday, January 17, 2021

economy

Wholesale inflation slows to 1.22% in December

New Delhi: The wholesale price-based inflation slowed to 1.22 per cent in December on easing food prices, as per government data released on Thursday...

GST collections hit record high of over Rs 1.15 lakh cr in Dec

New Delhi: The gross goods and services tax (GST) revenue collected in the month of December 2020 was Rs 1,15,174 crore of which CGST was Rs 21,365 c...

Britain ends long Brexit journey with economic break from EU

London: Britain’s long and sometimes acrimonious divorce from the European Union ended on December 31, 2020 with an economic split that leaves ...

China to overtake U.S as world's biggest economy by 2028: Report

London: China will overtake the United States to become the world's biggest economy in 2028, five years earlier than previously estimated due to the ...

WPI inflation at 9-month high of 1.55% in Nov

New Delhi: The wholesale price-based inflation rose to a 9-month high of 1.55 per cent in November as manufactured products turned costlier, while fo...

RBI expects positive growth in 2nd half of 2020-21

Mumbai: The Reserve Bank of India said it expects the economy to record positive growth in the second half of the current financial year. The economy...

RBI keeps repo rate unchanged at 4%

Mumbai: The six-member Monetary Policy Committee of the Reserve Bank of India (RBI), headed by Governor Shaktikanta Das, on Friday decided to ma...

Retail inflation inches up to 7.61% in Oct

New Delhi: Driven by rising food prices, retail inflation inched up to 7.61 per cent in October, remaining above the comfort level of the Reserve Ban...

Indian economy witnessing strong recovery: Minister

New Delhi: Finance Minister Nirmala Sitharaman on Thursday said the Indian economy is witnessing a strong recovery after a long and strict lockdown. ...

India in 'technical recession', says RBI

Mumbai: India's economy probably shrank for a second straight quarter, according to a team of economists including Michael Patra, the central bank's ...

China's economy accelerates as coronavirus recovery gains strength

Beijing: China's economic growth accelerated to 4.9 per cent over a year earlier in the latest quarter as a shaky recovery from the coronavirus pande...

RBI keeps policy rate unchanged at 4%

Mumbai: Maintaining status quo for the second time in a row, the Reserve Bank of India on Friday decided to keep benchmark interest rate unchang...

GST compensation due to states at Rs 1.51 lakh cr

New Delhi: The GST collection during April-August declined on account of COVID-19 induced lockdown, and the compensation due to states stands at over...

ADB says India's economy to contract by 9% in FY21

New Delhi: India's economic growth will contract by 9 per cent in the current fiscal as the coronavirus pandemic weighs heavily on economic activity ...

U.S budget deficit hits record $3 trillion

Washington: The U.S budget deficit hit an all-time high of 3 trillion for the first 11 months of budget year, the Treasury Department said. The ocean...

States stare at Rs 2.35 lakh cr GST revenue shortfall

New Delhi: Amid a chorus by non-NDA ruled states for compensation of GST revenue shortfall, the Centre on Thursday presented two options to states un...

RBI pushes loans against gold to 90% of value

  Mumbai: In his bi-monthly monetary policy address on Thursday, Reserve Bank of India (RBI) Governor Shaktikanta Das announced easing of gold lo...

Infrastructure push can re-ignite economic growth: RBI Governor

New Delhi: RBI Governor Shaktikanta Das made a strong case for stepping up investments in the infrastructure sector to restart the economy reeling un...

Economy showing signs of getting back to normalcy: RBI Governor

Mumbai: The Indian economy has started showing signs of returning to normalcy in response to the staggered easing of lockdown restrictions, RBI Gover...

India's trade deficit with China reduces to USD 48.66 bn in FY20

New Delhi: India's trade deficit with China fell to USD 48.66 billion in 2019-20 on account of decline in imports from the neighbouring country, acco...