Economy

New Delhi: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman led the Indian Delegation in the 10th Round of Ministerial UK-India Economic and Financial Dialogue (EFD), held here today in virtually through video…
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New Delhi: The Ministry of Finance today announced the extension of deadline for the income tax return (ITR) filing to December 31, 2020, for most individual taxpayers, from the earlier deadline of November 30, 2020. In order to provide…
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New Delhi: India' economy is likely to contract by 9% in the fiscal year ending March 31, 2021, predicted S&P Global Ratings on Monday. As the country reels under the impact of the COVID-19 pandemic, the economy may shrink by 9% in…
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New Delhi: Chairman N K Singh and the Members of Fifteenth Finance Commission will hold a day-long meeting with the Economic Advisory Council of the Commission tomorrow. The meeting is for a “Final discussion on GDP growth, tax buoyancy…
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Mumbai : Revenues of cotton spinners are set to decline 30-35% in the current fiscal, a six year low, because of tepid domestic and export demand following the Covid-19 pandemic. This along with inventory losses and lower profitability is…
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New Delhi: Union Minister for Road Transport, Highways and MSMEs Nitin Gadkari has called for increased investment by international institutions and bodies in the Indian Highways and MSME sectors. He said, automobile and MSME are the two…
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Bhubaneswar: Despite lockdown due to COVID-19, the Goods and Services Tax (GST) collection in Odisha has witnessed a positive growth rate for the first time during the current financial year in the month of July, said an official on…
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New Delhi: The World Bank and the Government of India today signed the $750 million agreement for the MSME Emergency Response Programme to support increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs),…
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New Delhi: Union Petroleum and Natural Gas & Steel Minister Dharmendra Pradhan has stressed on enhancing domestic steel usage in the country and reducing import dependence for meeting oil & gas sector’s steel requirements.…
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Mumbai: Amid sluggish economic sentiment due to COVID pandemic, RBI Governor Shaktikanta Das today announced another 40 basis point cut in key lending rates. While the repo rate has been reduced to 4 percent, the reverse repo rate has been…
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