Economy news

• Good news for PF subscribers! Find solution to your grievances and complaints via WhatsApp

  23-02-2021 12:36 via zeenews.india.com
  
  For the further ease of the PF subscribers, EPFO has also started a WhatsApp service, using which PF account holders can find solution to the problem related to their account. The WhatsApp helpline service (EPFO WhatsApp helpline service), aims to lessen your visits to the PF office.
  
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• 8% drop in FY21: GDP back in positive territory, grows 0.4% in Q3

  27-02-2021 01:00 via financialexpress.com
  
  Recovery aided by pent-up demand, govt, realty; data inadequate; no proof yet of sustained revival
  
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• Critical sectors: PM asks lenders to boost credit flow

  27-02-2021 00:30 via financialexpress.com
  
  The Prime Minister said the public sector needs to further entrench their presence in banking and insurance to support the poor, even though the government is stepping up efforts to promote the private sector as well.
  
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• RBI wants govt help to help tackle liquidity, bats for 4% inflation band

  27-02-2021 00:15 via financialexpress.com
  
  Over the October 2016 to March 2020 period, headline inflation averaged 3.9%. Trend inflation estimates stood in the range of 3.8 – 4.3% for the flexible inflation targeting (FIT) period.
  
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• Telegram's update brings this feature to keep your chats secure, know more

  26-02-2021 19:27 via zeenews.india.com
  
  Telegram got an eruption of new users in the disarray over WhatsApp's privacy policy and now the organization is adopting new features that were at that point part of its rivalry applications, features that offer greater security.
  
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• Samsung A32 4G with 90Hz refresh rate coming to India, check specs and features

  26-02-2021 19:01 via zeenews.india.com
  
  Samsung has launched the 4G variant of Galaxy A32 in Russia. The 4/64GB variant is priced at RUB 19,900 (Rs. 19,706 approx). The 4/128GB model is priced at RUB 21,990 (Rs.21,500). The phone is expected to go on sale in March 2021. 
  
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• Govt extends deadline for filing declarations, payment date under VsV scheme: Check details

  26-02-2021 18:23 via zeenews.india.com
  
  The last date for filing declaration under VsV scheme was February 28, while for paying the disputed tax the date is March 31. As many as 1,25,144 cases have so far opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora.
  
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• 'Q3 growth shows eco returned to pre-pandemic times'

  26-02-2021 18:03 via timesofindia.indiatimes.com
  
  The GDP growth of 0.4 per cent in the December quarter shows that the economy has returned to pre-pandemic times and reflects further strengthening of a V-shaped recovery, the finance ministry said on Friday.
  
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• India's economy out of technical recession

  26-02-2021 18:03 via timesofindia.indiatimes.com
  
  India's gross domestic product (GDP) for the third quarter (Q3) ended December 2020 stood at o.4 per cent, government data released on Friday showed. "GDP at constant (2011-12) prices in Q3 of 2020-21 is estimated at Rs 36.22L cr, as against Rs 36.08L cr in Q3 of 2019-20, showing a growth of 0.4%t," data released by the ministry of statistics and programme implementation showed.
  
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• Indian economy gathers pace, leaves the recession behind

  26-02-2021 16:46 via zeenews.india.com
  
  The gross domestic product grew 0.4 per cent in October-December compared with the same period a year earlier, data released by the National Statistics Office on Friday (February 26) showed. That compared with revised contractions of 7.3 per cent in July-September and 24.4 per cent in April-June.
  
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• Q3 GDP growth at 0.4%: What experts said

  26-02-2021 16:37 via timesofindia.indiatimes.com
  
  India's economy expanded by 0.4 per cent year-on-year in the October-December quarter, returning to growth after shrinking for two straight quarters, government data showed on Friday.
  
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• Mukesh Ambani is again richest Asian person

  26-02-2021 16:37 via timesofindia.indiatimes.com
  
  India’s Mukesh Ambani is back to being the wealthiest person in Asia. Despite a brutal week for markets, his Reliance Industries Ltd was relatively unscathed as it said it would spin off its oil-to-chemicals business into an independent unit.
  
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• Scheduled international flight suspension extended

  26-02-2021 16:14 via timesofindia.indiatimes.com
  
  The government has extended suspension of scheduled international flights till March 31, 2021. However Vande Bharat Mission and scheduled flights under the travel bubbles India has so far created with 27 countries like US, Germany and France will continue and people eligible as per government norms can fly to and from India on them.
  
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• Reliance launches JioPhone Offer 2021 to accelerate '2G-mukt Bharat' movement

  26-02-2021 16:02 via zeenews.india.com
  
  The new offer "keeps affordability at the core" making the JioPhone and its services accessible to the 300 million feature phone users, who are "trapped in the 2G era", the company said announcing the 'New JioPhone 2021 offer'. The offer packs-in a JioPhone device with 2 years of unlimited voice calls as well as data for Rs 1,999.
  
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• India's economy out of technical recession, Q3 GDP shows growth at 0.4%

  26-02-2021 15:48 via timesofindia.indiatimes.com
  
  India's economy out of technical recession, Q3 GDP shows growth at 0.4%
  
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• Royal Enfield Bullet 350 prices increased: Check the entire price list

  26-02-2021 15:09 via zeenews.india.com
  
  Royal Enfield Bullet is the longest-running production motorcycle in the world and was launched in the year 1932. The bike recently got the updated BS6 engine and catalytic converter. It has received a price hike and the bike is starting at Rs. 1.30 lakh (ex-showroom).
  
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• Sensex crashes 1,939 points: Key points

  26-02-2021 14:53 via timesofindia.indiatimes.com
  
  Equity indices fell sharply on Friday as a spike in global bond yields stirred up inflation worries and spooked investors across the world. The benchmark BSE sensex nosedived 1,939 points or 3.80 per cent to close at 49,100; while the broader NSE Nifty tanked 568 points or 3.76 per cent to close at 14,529.
  
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• India's economy out of technical recession, Q3 GDP growth at 0.4%

  26-02-2021 14:53 via timesofindia.indiatimes.com
  
  India's gross domestic product (GDP) for the third quarter (Q3) ended December 2020 stood at o.4 per cent, government data released on Friday showed. "GDP at constant (2011-12) prices in Q3 of 2020-21 is estimated at Rs 36.22L cr, as against Rs 36.08L cr in Q3 of 2019-20, showing a growth of 0.4%t," data released by the ministry of statistics and programme implementation showed.
  
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• Eight core industries output grew 0.1% in January 2021, growth due to fertiliser, steel and electricity production

  26-02-2021 14:53 via zeenews.india.com
  
  The core sectors had expanded by 2.2 per cent in January 2020, according to the provisional data released by the Commerce and Industry Ministry. During April-January 2020-21, the sectors' output declined by 8.8 per cent against a growth rate of 0.8 per cent in the same period of the previous year.
  
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• India's Q3 GDP growth at 0.4% as against -7.3% in September quarter

  26-02-2021 14:18 via timesofindia.indiatimes.com
  
  India's gross domestic product (GDP) for the third quarter (Q3) ended December 2020 stood at o.4 per cent, government data released on Friday showed. "GDP at constant (2011-12) prices in Q3 of 2020-21 is estimated at Rs 36.22L cr, as against Rs 36.08L cr in Q3 of 2019-20, showing a growth of 0.4%t," data released by the ministry of statistics and programme implementation showed.
  
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• Q3 GDP data: Gross fixed capital formation sees growth

  26-02-2021 14:12 via moneycontrol.com
  
  A downward trajectory in gross fixed capital formation would indicate that the fixed capacities are not being ramped up.
  
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• Investment demand grows in Q3, a five-quarter high

  26-02-2021 14:12 via moneycontrol.com
  
  The 2.6 percent growth in investment demand during October-December is a turnaround from the 6.7 percent contraction seen in the second quarter.
  
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• Agriculture clocks a growth of 3.9 percent as GDP sees marginal rise

  26-02-2021 13:32 via moneycontrol.com
  
  The Agriculture Ministry attributed the increased food grain production to good monsoons last year.
  
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• India's economy turns positive, grows 0.4% in Oct-Dec quarter

  26-02-2021 13:30 via zeenews.india.com
  
  Infrastructure output, which comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40% of industrial output, fell by 8.8% in the 10 months through January from a year earlier, the data showed. In the July-September quarter, India's GDP contracted 7.5% year-on-year. 
  
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• India's Q3 GDP growth at 0.4% as against -7.5% in September quarter

  26-02-2021 13:24 via timesofindia.indiatimes.com
  
  India's gross domestic product (GDP) for the third quarter (Q3) ended December 2020 stood at o.4 per cent, government data released on Friday showed. India posted de-growth of 23.9 per cent and 7.5 per cent in GDP in first and second quarters ended June and September 2020, respectively.
  
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• India Q3 GDP growth at 0.4%, government expects 8% contraction in FY21

  26-02-2021 13:16 via moneycontrol.com
  
  The Indian economy made a small comeback to the growth charts in the October-December quarter of FY21, after contracting by record margins for two consecutive quarters due to multiple cycles of nationwide and regional lockdowns in the wake of the Covid-19 pandemic.
  
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• Economy returns to growth in Q3 after two quarters of contraction

  26-02-2021 13:16 via moneycontrol.com
  
  Growing 0.4 per cent in the October-December quarter of FY21, India#39;s GDP managed to marginally overcome record level contractions that had gripped it over the previous two sectors. But going forward, uncertainties in private consumption and slow growth in manufacturing, key services sectors pushed down FY21#39;s official forecast to an 8 percent contraction.
  
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• India’s GDP grows 0.4% in Q3, returns to growth after two consecutive quarters of decline

  26-02-2021 13:11 via financialexpress.com
  
  The recent reforms, along with the Union Budget have been hailed as revolutionary that could bring India back to double-digit growth.
  
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• RailTel Corporation makes strong debut on bourses, shares zoom over 29% on closing

  26-02-2021 12:56 via zeenews.india.com
  
  During the intra-day trade, the stock had touched a high of Rs 125.5 before settling at Rs 121.4, higher 29.15 per cent when compared with the issue price and a gain of 16.06 per cent, in comparison to the opening price.
  During the intra-day trade, the stock had touched a high of Rs 125.5 before settling at Rs 121.4, higher 29.15 per cent when compared with the issue price and a gain of 16.06 per cent, in comparison to the opening price.
  
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• Bitcoin heads for worst week since March, slumps 6 per cent

  26-02-2021 12:53 via zeenews.india.com
  
  The world's biggest cryptocurrency slumped as low as $44,451 before recovering most of its losses. It was the last trading down 1.2 per cent at $46,525, on course for a drop of almost 20 per cent this week, which would be its heaviest weekly loss since March last year.
  
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