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-
Trade policy extended by six months to September 30
The validity of the FTP for 2015-20 was already extended by a year through March 31, 2021 in the wake of the Covid-19 pandemic, mainly to maintain policy stability and soften the blow to exporters. -
WTO revises upwards trade growth forecast for 2021
Geneva-based World Trade Organization (WTO) on Wednesday revised upwards the growth forecast of global merchandise trade in 2021 to 8 per cent after recording a fall of 5.3 per cent last year, amid Covid-19 pandemic. -
Govt infuses Rs 14,500cr capital into four PSBs
The government has infused Rs 14,500 crore, mainly into banks that are under the RBI's prompt corrective action framework to improve their financial health. -
Investors' wealth rises over Rs 90.82L cr in FY21
Investors' wealth grew massively by Rs 90,82,057.95 crore in 2020-21 driven by an extraordinary rally in the equity market, where the benchmark sensex jumped 68 per cent. -
Govt slashes interest rates on PPF, other small saving schemes
The government on Wednesday slashed interest rates on small saving schemes, including public provident fund (PPF) and national savings certificate (NSC) for the first quarter (Q1) of the financial year 2021 with effect from April 1. Interest rate of PPF have been reduced from 7.1 per cent to 6.4 per cent. While that on NSC has been slashed to 5.9 per cent from 6.8 per cent earlier. -
AAI to levy fines on Covid norm violators at airports
The Airports Authority of India (AAI) has decided to levy fines on travellers violating Covid norms at its airports. The state-run authority, that operates about 70 airports in India including those in the metros of Kolkata and Chennai, did not specify the amount of fine it will levy at different places. -
'Inflation target retained at same level for 5 years'
Economic affairs secretary Tarun Bajaj on Wednesday informed that the government's inflation target has been retained at 4 per cent (+/- 2 per cent) for the next five years. Under the current dispensation, the Reserve Bank of India (RBI) has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side. -
Government slashes interest rates on PPF, other small saving schemes
The government on Wednesday slashed interest rates on small saving schemes, including public provident fund (PPF) and national savings certificate (NSC) for the first quarter (Q1) of financial year 2021. -
Deadline for linking Aadhaar-PAN card extended
The Centre on Wednesday extended the deadline for linking of Aadhaar number with the permanent account number (PAN) by three months. In a tweet, the income tax department informed that the last date has been extended from March 31 to June 30, 2021. The decision has been taken after many people reported technical glitches on the income tax website while linking Aadhaar and PAN. -
Core sector industries' output falls 4.6% in Feb
The output of eight core infrastructure sector contracted by 4.6 per cent in February, data released by government showed on Wednesday. "The combined Index of eight core industries stood at 127.8 in February 2021, which declined by 4.6 (provisional) per cent as compared to the index of February 2020," ministry of commerce and industry said in an official release. -
Deadline for linking Aadhaar-PAN card extended till June 30
The Centre on Wednesday extended the deadline for linking of Aadhaar number with permanent account number (PAN) by three months. In a tweet, the income tax department informed that the last date has been extended from March 31 to June 30, 2021. -
PAN-Aadhaar linking deadline extended till June 30, 2021
The last date for linking PAN card with Aadhaar card has been extended till June 30, 2021 from March 31, 2021. -
LPG cylinder price to fall by Rs 10 from April 1
The price of a liquified petroleum gas (LPG) is set to fall by Rs 10 with effect from April 1, Indian Oil Corporation informed in a statement on Wednesday. In the recent weeks, price of the domestic cooking gas had been increased by Rs 125 per cylinder. -
Inflation target retained at same level for next 5 years, says economic affairs secretary Tarun Bajaj
Economic affairs secretary Tarun Bajaj on Wednesday informed that the government's inflation target has been retained at 4 per cent (+/- 2 per cent) for the next five years. Under the current dispensation, the Reserve Bank of India (RBI) has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side. -
7th Pay Commission latest update: Good news! Your take home pay will not take a hit from April 1
It was previously reported in the media that the government's notification on Code on Wages 2019 may reduce the take-home pay of employees next financial year ie, April 2021. -
Eight core sector industries' output falls 4.6% in February
The output of eight core infrastructure sector contracted by 4.6 per cent in February, data released by government showed on Wednesday. "The combined Index of eight core industries stood at 127.8 in February 2021, which declined by 4.6 (provisional) per cent as compared to the index of February 2020," ministry of commerce and industry said in an official release. -
From vehicle prices to cheque books of merged banks, 5 Major things changing from April 1
From the new financial year starting April 1, several things which are important for your everyday life will be changed. -
RBI MPC to meet 6 times during 2021-22
The Monetary Policy Committee (MPC), which decides on key interest rates, will meet six times during the next financial year, the Reserve Bank of India (RBI) said on Wednesday. -
Eight core industries#39; output falls at fastest pace in 6-months, down 4.6% in February
After posting contraction in 8 of the first 11-months of the year, the cumulative core sector output in the April-February period of FY21 fell to -8.3 percent. -
Sensex tanks 627 points; Nifty ends below 14,700
The 30-share BSE index ended 627.43 points or 1.25 per cent lower at 49,509.15, and the broader NSE Nifty slumped 154.40 points or 1.04 per cent to 14,690.70. -
Monetary Policy Committee to meet 6 times during 2021-22, says RBI
The government moved the interest rate-setting role from the RBI governor to the six-member MPC in 2016. As per the Reserve Bank of India Act, 1934, the central bank is required to organise at least four meetings of the MPC in a year. -
Auto-debit payments facility for utility bills, OTT subscriptions won't fail from April 1, RBI extends deadline
The deadline on RBI's new rule on additional factor of authentication that requires banks to send a one-time password (OTP) to customers to validate transactions above Rs 5,000 has been now postponed to September 30, 2021. -
SBI raises $1bn loan to help Japanese auto cos
Country's largest lender SBI on Wednesday said it has raised an additional $1 billion (around Rs 7,350 crore) loan from Japan Bank for International Cooperation (JBIC) to help Covid-hit Japanese auto manufacturers in India. -
RBI extends timeline for processing auto-debit payments
The Reserve Bank of India (RBI) on Wednesday extended the deadline for processing recurring online transactions to September 30, 2021, from March 31, 2021. -
No relief to ByteDance in tax evasion case
The Mumbai high court on Wednesday granted no immediate relief to China's ByteDance in a case where the company has challenged the local tax authority's decision to block its bank accounts in the country. The government has blocked at least two of ByteDance's bank accounts for alleged tax evasion, prompting it to ask the court to quash the directive that it fears will hit its operations, Reuters reported on Wednesday. -
'A billion for every chip-maker who makes in India'
"The government will give cash incentives of more than $1 billion to each company which will set up chip fabrication units," a senior government official told Reuters, declining to be named as he was not authorised to speak with media. -
New income tax rules from April 1, 2021
New income tax rules from April 1, 2021 -
Sensex tanks 627 points; Nifty ends at 14,691
Equity indices plunged on Wednesday with the benchmark BSE sensex falling over 600 points, dragged by losses in banking and financial stocks. The 30-share BSE index fell 627 points or 1.25 per cent to close at 49,509; while the broader NSE Nifty settled 154 points or 1.04 per cent lower at 14,691. -
A billion for every chip-maker who #39;makes in India,#39; say sources
Prime Minister Narendra Modi’s ‘Make in India’ drive has helped to turn India into the world’s second-biggest mobile manufacturer after China. New Delhi believes it is time for chip companies to set up in the country. -
RBI extends timeline for processing of recurring online transactions
The Reserve Bank of India (RBI) on Wednesday extended the deadline for processing recurring online transactions to September 30, 2021, from March 31, 2021. -
SBI raises $1 billion loan from JBIC to help Japanese auto cos
Country's largest lender SBI on Wednesday said it has raised an additional $1 billion (around Rs 7,350 crore) loan from Japan Bank for International Cooperation (JBIC) to help Covid-hit Japanese auto manufacturers in India. -
A billion for every chip-maker who 'makes in India,' sources say
"The government will give cash incentives of more than $1 billion to each company which will set up chip fabrication units," a senior government official told Reuters, declining to be named as he was not authorised to speak with media. -
SBI raises $1 billion loan from JBIC to help Covid-hit Japanese auto companies in India
Country's largest lender SBI on Wednesday said it has raised an additional $1 billion (around Rs 7,350 crore) loan from Japan Bank for International Cooperation (JBIC) to help Covid-hit Japanese auto manufacturers in India. -
Top Pakistani economic body allows import of cotton, yarn and white sugar from India: Sources
The ECC meeting was still ongoing, and was due to debate the import of sugar from India. -
Pakistan lifts ban on Indian cotton, sugar as prices rise, tensions ease
Pakistan#39;s Economic Coordination Council, a top decision-making body, on Wednesday allowed the private sector to import 0.5 million tonnes of white sugar as Islamabad tries to keep soaring domestic prices in check, government officials told Reuters. -
India bounced back in big way but not out of woods: World Bank
India's economy has bounced back amazingly from the Covid-19 pandemic and nationwide lockdown over the last one year, but it is not out of the woods yet, according to the World Bank, which in its latest report has predicted that the country's real GDP growth for fiscal year 21/22 could range from 7.5 to 12.5 per cent. -
Post-COVID-19 recovery | Loose monetary policies pose a challenge: IMF
The pandemic-induced lockdowns disrupted the revenue streams of businesses around the world which led to an increase in leverage in corporate balance sheets and households. -
Now, random testing in Delhi for flyers from Covid spike states
People flying to Delhi from states where Covid cases are rising will now be subjected to random testing and those testing positive shall be mandatorily quarantined. -
Biden to let Trump’s H-1B visa ban expire in win for tech firms
Biden’s decision will please business groups, which had pressured the administration to lift the ban ever since the new president took office. Executives have grown frustrated that the directive was not immediately revoked, arguing it hurt US companies. -
Low-skilled workers dominate India’s gig economy
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Only 3 cr rural houses had tap water in 2019; Modi’s Nal Se Jal adds 4 cr in one and a half years
Looking at the progress made after the launch of the scheme, Telangana has the best record with water supply reaching 38.37 lakh houses or 70.99% of its target, followed by Bihar with 1.32 crore houses or 67% of its target. -
Sensex tanks over 400 points in early trade; Nifty slips below 14,800
The 30-share BSE index was trading 440.84 points or 0.88 per cent lower at 49,695.74, and the broader NSE Nifty dropped 116.05 points or 0.78 per cent to 14,729.05. -
India bounced back big way but not out of woods: World Bank
India's economy has bounced back amazingly from the Covid-19 pandemic and nationwide lockdown over the last one year, but it is not out of the woods yet, according to the World Bank, which in its latest report has predicted that the country's real GDP growth for fiscal year 21/22 could range from 7.5 to 12.5 per cent. -
Petrol, Diesel Prices Today, March 31, 2021: Fuel prices remain unchanged; check prices in metro cities
Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55.
For diesel, the central excise adds up to Rs 31.83 and VAT to Rs 10.99. Besides, the price also includes a dealer commission of a minimum Rs 2.6 per litre on petrol and Rs 2 on diesel. -
India bounced back big way but not out of woods; real GDP growth to be 7.5 to 12.5%: World Bank
.The Washington-based global lender, in its latest South Asia Economic Focus report released ahead of the annual Spring meeting of the World Bank and the International Monetary Fund (IMF), said that the economy was already slowing when the COVID-19 pandemic unfolded. -
Biden to let Trump’s H1-B visa ban expire in win for tech firms
Biden’s decision will please business groups, which had pressured the administration to lift the ban ever since the new president took office. Executives have grown frustrated that the directive was not immediately revoked, arguing it hurt US companies. -
Check if your PAN is linked with your Aadhaar, PAN-AadhAar link tool here
Permanent Account Number (PAN) is a ten-digit unique alphanumeric number issued by the Income Tax Department. The laminated plastic card popularly known as PAN card is an important financial document.
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Gig economy can service up to 90 million jobs: BCG
The gig economy has the potential to service up to 90 million jobs in India’s non-farm economy alone, transact over $250 billion in volume of work, and contribute an incremental 1.2% to India's GDP over the long term, says a report by the Boston Consulting Group (BCG). -
New income tax rules from April 1: Here#39;s what you need to know
New income tax rules that come into effect from April 1. So let#39;s take a look at the changes announced in the Union Budget in February. -
Security breach: 8.2TB data up for sale on dark web
In a major data security lapse by a private entity, 8.2 terabytes — the largest such breach in India -- consisting of personal information of 3.5 million users, allegedly of payments platform MobiKwik, is up for sale on the dark web.
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