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GDP expected to grow 9.2% in FY22, better pre-Covid level
The Indian economy is projected to grow by 9.2% during the current financial year, helped by a robust farm sector and strengthening recovery in manufacturing, construction and services sectors. However, economists warned of a possible adverse impact of the third wave of Covid-19 in the months ahead. -
Advance estimate: GDP likely to grow 9.2% in FY22
India’s real gross domestic product (GDP) will likely grow 9.2% in FY22 upon last fiscal’s sharply-contracted base and exceed the pre-Covid (FY20) level by just 1.3%, according to the first advance estimate released by the National Statistical Office (NSO) on Friday.The statistical body seems to have refrained from bold projections — many analysts had predicted real growth in the range of 8.4% to 9.5% and the central bank had pegged it at 9.5% — amid mounting worries abou -
Winter crops: Rabi sowing nearly over, sown area marginally higher y-o-y
Sowing of rabi (winter) crops — mostly consisting of wheat, pulses, oilseeds and coarse cereals — has been marginally higher than 2021 level, according to data released by the ministry of agriculture on Friday. The rabi sowing will be completed in a week.The total area under all the rabi crops rose to 652 lakh hectare (lh) in 2021-22 season so far compared to 646 lh reported in the corresponding period of 2020-21 season.Despite the increase in acreage this year, sowing of wheat and p -
Budget 2022: What is Halwa ceremony and what is its significance?
The halwa ceremony marks the last leg of the budget process. -
Citigroup to enforce 'no-jab, no-job' policy from Jan 14
Citigroup Inc will begin enforcing a previously-announced "no-jab, no job" policy as of January 14, according to a source familiar with the matter, making it the first major Wall Street institution to implement a strict Covid-19 vaccine mandate. -
Tim Cook earned over 1,400 times the avg worker in 2021
Apple Inc boss Tim Cook's pay in 2021 was 1,447 times that of the average employee at the tech giant, a filing on Thursday showed, fueled by stock awards that helped him earn a total of nearly $100 million. -
India to overtake Japan as Asia's 2nd largest economy by 2030: IHS
India is likely to overtake Japan as Asia's second-largest economy by 2030 when its GDP is also projected to surpass that of Germany and the UK to rank as world's No.3, IHS Markit said in a report on Friday. -
CCI orders probe against Google for alleged use of dominant position
The regulator has directed its investigation arm, the director-general (DG), to cause an investigation into the matter and submit the investigation report within 60 days. -
India's forex reserves decline by over $1.4 billion
The Reserve Bank of India’s forex reserves decreased to $633.614 billion from $635.080 billion. -
Buy gold at discounted price: RBI Gold Bond Scheme Series IX subscription opens on Monday
RBI is all set to open the next tranche of Sovereign Gold Bond Scheme 2021-22 for subscriptions for five days. -
Sitharaman reviews progress on planned mega LIC IPO
Finance minister Nirmala Sitharaman on Friday reviewed the progress of the planned disinvestment of the country's largest insurer LIC. The initial public offering (IPO) of Life Insurance Corporation (LIC), touted to be the biggest ever in the country's history, is expected to hit the markets by March. -
Cook earned over 1,400 times the avg worker in 2021
Apple Inc boss Tim Cook's pay in 2021 was 1,447 times that of the average employee at the tech giant, a filing on Thursday showed, fueled by stock awards that helped him earn a total of nearly $100 million. -
Here's how much salary Apple CEO Tim Cook earned in 2021
Apple Inc boss Tim Cook's pay in 2021 reportedly was 1,447 times that of the average employee at the tech giant. -
7th Pay Commission: Central govt employees to benefit from THIS rule change
The Central government has decided to do away with the cap on Composite Transfer Grant in cases where the retiring worker settles at the last station of duty or at a place not more than 20 km away from it. -
Indian economy to grow at 9.2% in FY22, surpass pre-Covid level: Centre data
The Indian economy is estimated to grow at 9.2 per cent in the 2021-22 fiscal. -
'India's GDP estimated to grow at 9.2% in FY22'
The first advance estimate of gross domestic product (GDP) for the financial year 2021-22 (FY22) came 9.2 at per cent, data released by the government showed on Friday. "The growth in real GDP during 2021-22 is estimated at 9.2 per cent as compared to the contraction of 7.3 per cent in 2020-21," it said in an official release. -
Indian economy to grow 9.2 pc in FY22, fastest in world
The Indian economy remains on track to regain its position as the world’s fastest-growing major economy after official estimates on Friday put the GDP expansion at a tempered 9.2 per cent this fiscal amid concerns over the impact of a resurgent virus on the fragile recovery.The growth in the gross domestic product (GDP) of 9.2 per cent in April 2021 to March 2022 fiscal (FY 2021-22) given by the National Statistical Office (NSO) in its first advance estimate compares with 9.5 per cent expa -
Indian economy to grow 9.2% in FY22, surpass pre-Covid level: Centre data
The Indian economy is estimated to grow at 9.2 per cent in the 2021-22 fiscal. -
Govt estimates India’s GDP growth rate at 9.2% in FY22, lower than RBI projection of 9.5%
GDP FY22 estimate: India’s GDP will grow at 9.2 per cent in the financial year 2021-22 (FY22) as against a contraction of 7.3 per cent in the previous financial year, estimated government on Friday. While govt’s estimated GDP growth rate of 9.2% for FY22 is the highest in at least 17 years, it is lower than than the 9.5% growth estimated by the Reserve Bank of India (RBI) in its monetary policy committee meeting held in December 2021. The growth in nominal GDP during is estimated at -
Indian economy estimated to grow at 9.2 pc in 2021-22: Govt data
The Indian economy is estimated to grow at 9.2 per cent in the 2021-22 fiscal, surpassing pre-Covid level in actual terms mainly on account of improved performance especially in farm, mining and manufacturing sectors.The improvement in the economy comes over a GDP contraction of 7.3 per cent during 2020-21 due to the pandemic and resultant lockdown imposed to curb the spread of the deadly coronavirus.As per the first advanced estimates of the national income released by the National Statistical -
Forex reserves down by USD 1.466 bn to USD 633.614 bn
The country’s foreign exchange reserves declined by USD 1.466 billion to USD 633.614 billion in the week ended December 31, RBI data showed.In the previous week ended December 24, the reserves dipped by USD 587 million to USD 635.08 billion. It touched a life-time high of USD 642.453 billion in the week ended September 3, 2021.During the reporting week ended December 31, the decline in foreign exchange reserves was on account of a fall in foreign currency assets (FCA), a major component of -
GDP LIVE: India’s economy expected to grow at 9.2% in FY22, says govt
GDP FY22 estimate LIVE: India’s GDP will grow at 9.2 per cent in the financial year 2021-22 (FY22) as against a contraction of 7.3 per cent in the previous financial year, estimated government on Friday. While govt’s estimated GDP growth rate of 9.2% for FY22 is the highest in at least 17 years, it is lower than than the 9.5% growth estimated by the Reserve Bank of India (RBI) in its monetary policy committee meeting held in December 2021. The government releases advance GDP estimate -
Finance Minister Nirmala Sitharaman asks banks to support COVID-affected sectors
Finance Minister Nirmala Sitharaman chaired a meeting with chiefs of public sector banks and assessed their readiness to tackle any possible disruptions due to the Omicron variant. -
GDP LIVE: Government to release FY22 advance growth estimate as Omicron threatens slowdown
GDP FY22 estimate LIVE: The government will announce advance GDP estimates for Financial Year 2021-22 today (7 January) amid concerns of an impending slowdown due to Omicron spread, and rising input costs. Government is likely to say that the GDP for FY22 will grow at 9.3 percent, compared to minus 7.3 percent last year, according to a CNBC-TV18 poll. However, the nominal GDP is expected to grow much higher on the back of high WPI inflation. The poll expects nominal GDP to grow at 17 percent. Th -
Concern over environment as near-empty flights cross Europe to secure landing slots
The highly contagious omicron variant of COVID-19 has put many off flying, and because of it, getting people and goods from point A to point B has become an afterthought for thousands of flights. -
TCS board to consider buyback proposal on January 12
India's largest IT firm Tata Consultancy Services (TCS) on Friday said its Board will consider a buyback proposal on January 12. No other details of the buyback proposal were disclosed. -
Received message saying ‘Your SBI account has been blocked’? Check how real these texts are
Scammers are sending text messages reading “Dear A/c Holder Your SBI Bank Documents has expired A/c will be Blocked. Update Your Document Now” to people. -
Inflation hits record of 5% in 19 countries using the euro
Consumer prices in the 19 countries that use the euro currency hit a record high of 5% in December compared with a year earlier.The rise was led by a surge in energy prices, according numbers released Friday by the European Union’s statistical office.Inflation is now at the highest level in the eurozone since recordkeeping began in 1997 and broke a record set in November.Soaring prices are compounding problems for European Central Bank policymakers who have been keeping interest rates at u -
Sensex rebounds 143 points; Nifty ends above 17,800
The 30-share index ended 142.81 points or 0.24 per cent higher at 59,744.65. Similarly, the NSE Nifty rose 66.80 points or 0.38 per cent to close at 17,812.70. -
Wheat sowing down marginally at 333.97 lakh hectares so far this rabi season: Agriculture Ministry
Area sown to wheat, the main rabi crop, was down by 1.71 per cent at 333.97 lakh hectares so far in the ongoing 2021-22 rabi season as there was less coverage in Uttar Pradesh, Haryana and Madhya Pradesh, according to the latest data released by the Agriculture Ministry on Friday.Sowing of rabi (winter) crops like wheat begins in October and harvesting from April onwards.Wheat was sown in 339.81 lakh hectares in the year-ago period.As per the data, area sown to wheat was less by 3.11 lakh hectar -
Cotton exports begin to slide as traders seek high premiums
Cotton exports have begun to slide due to traders charging hefty premiums over benchmark US futures on expectations of lower output at a time when there is strong demand from local textile mills, industry officials said. -
HDFC customers, Alert! Bank revises fee for important banking service, check details
HDFC Bank has changed the charges for one of its most important and used services - InstaAlert messages. -
COVID-19: Govt makes 7-days quarantine mandatory for all international passengers
Health Ministry of India has issued new guidelines for the international arriving passengers and the new guidelines will come into effect from January 11. -
HDFC Bank FD alert! Interest rates on non-withdrawable Fixed Deposit revised –Check out this chart
Check out the table on Domestic/NRO and NRE Non-withdrawable Fixed Deposit rates. -
GDP FY22 estimate LIVE: Government to release advance growth estimate as Omicron threatens slowdown
GDP FY22 estimate LIVE: The government will announce advance GDP estimates for Financial Year 2021-22 today (7 January) amid concerns of an impending slowdown due to Omicron spread, and rising input costs. Government is likely to say that the GDP for FY22 will grow at 9.3 percent, compared to minus 7.3 percent last year, according to a CNBC-TV18 poll. However, the nominal GDP is expected to grow much higher on the back of high WPI inflation. The poll expects nominal GDP to grow at 17 percent. Th -
Hinduja shares drop most in 14 yrs on dividend disappointment
Shares of Hinduja Global Solutions (HGS) sank 20 per cent on Friday in their worst intraday fall in 14 years, with analysts saying a special dividend announced by the company after the sale of its healthcare business missed investor expectations. -
Govt mandates 7-day home quarantine for all int'l arrivals
The Centre on Friday mandated all international arrivals in India from 'non at-risk' countries to home quarantine for 7 days. Passengers coming from 'at-risk' countries and testing negative on arrival will also need to do the same. -
Breaking: Health Ministry issues new guidelines for international travellers
Health Ministry of India has issued new guidelines for the international arriving passengers and the new guidelines will come into effect from January 11. -
Chinese anti-virus lockdowns add to concerns over economy
China’s lockdowns of big cities to fight coronavirus outbreaks are prompting concern about more disruptions to global industries after two makers of processor chips said their factories were affected.That has added to unease about the omicron variant’s global economic impact. Analysts warn Vietnam, Thailand and other countries important to manufacturing chains might impose anti-disease measures that would delay deliveries.“Lockdowns in China are already causing disruptions,&rdq -
This 1 rupee coin was auctioned for whopping Rs 10 crore, got one for sale?
The one rupee coin was actually sold for crores, however, you must note that this is no ordinary coin. -
FM reviews PSBs' readiness to tackle Omicron-induced disruption
Finance Minister Nirmala Sitharaman on Friday chaired a meeting with chiefs of public sector banks and assessed their readiness to tackle any possible disruptions due to the Omicron variant. -
Hinduja Global shares drop most in 14 years on dividend disappointment
Shares of Hinduja Global Solutions (HGS) sank 20 per cent on Friday in their worst intraday fall in 14 years, with analysts saying a special dividend announced by the company after the sale of its healthcare business missed investor expectations. -
Piyush Goyal gives five growth mantras for BIS
Congratulating the BIS on its 75th anniversary, the Minister said the BIS has been contributing to the national economy through its core activities of "Standardization and Certification." -
Nirmala Sitharaman reviews PSBs#39; readiness to tackle any Omicron-induced disruption
In a tweet, the Finance Ministry said during the meeting with CMDs/MDs, held through virtual mode, the minister also reviewed various steps taken by PSBs in implementing pandemic-related measures initiated by the government and RBI. -
Airtel not to avail option of converting interest on dues to equity
Telecom operator Bharti Airtel will not avail the option of conversion of the interest on deferred spectrum and AGR dues into equity, under the reforms package, according to a regulatory filing by the company on Friday. Airtel said it has informed the telecom department about its decision. -
Indian Railways will use Japanese tools and methods to upgrade accident enquiry process
An order issued by the Railway Board said the Fishbone technique and other tools like the 5-why analysis would lead to better determination of the root-cause and, thereby, minimising the chances of recurrence. -
Exclusive: Benefits of Electric Vehicles on environment and why you should buy one?
In contrast to internal combustion engine vehicles (ICEVs), electric vehicles (EVs) reduce emissions while offering low-cost mobility solutions. -
PM-KISAN: Dial up THESE numbers to lodge complaint if you haven't got Rs 2,000 in 10th instalment
PM Modi enabled the transfer of an amount of more than Rs 20,000 crore to more than 10 crore beneficiary farmer families on January 1. -
Shiprocket to acquire 75 % stake in Wigzo Tech
E-commerce shipping firm Shiprocket on Friday said it has "committed" to acquire a 75 per cent stake in customer data platform (CDP) Wigzo Tech. The proposed strategic acquisition will enable Shiprocket to expand its product stack for online retailers onboarding its platform, among others, the startup said in a release without disclosing the deal size. -
Exclusive: What are the benefits of Electric Vehicles on environment and why you should buy one?
In contrast to internal combustion engine vehicles (ICEVs), electric vehicles (EVs) reduce emissions while offering low-cost mobility solutions.
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