News related to business and economy
On September 20, Rajya Sabha passed by voice vote the Farmers’ and Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020 amid protest by Opposition MPs. The stated objective of passing of these two farm bills is giving marketing freedom to […]
According to the Investment bank Goldman Sachs, the Indian economy would improve in the Q3 and Q 4 after shrinking by 23.9% in Q 2 2020-21 ending June. The Q2 performance of the Indian economy marked the worst performance among the G20 countries and significantly below expectation of most economists. However, notwithstanding the possibility of […]
In the latest report of the Department for Promotion of Industry and Internal Trade (DPIIT)’s on annual ranking of states and Union Territories (UTs) in the “Ease of Doing Business” Andhra Pradesh has topped for the third time in a row, followed by Uttar Pradesh which achieved the second place, by making a jump of […]
India’s Q1 Fiscal Year 2020-21 (the first quarter of the current fiscal) GDP contracted by 23.9 per cent GVA shrank by 22.8 per cent. This is not unexpected as the lockdown resorted to contain the spread of Covid-19 pandemic affected economic activities in almost all the sectors, and primarily the informal sector and the SMEs. […]
Finance Minister Nirmala Sitharaman had laid out (May 13) the measures that the Centre will to take to contain the economic impact of the coronavirus. Sitharaman’s announcement comes a day after Prime Minister Narendra Modi, in an address to the nation, said that the Government will spend as much as Rs 20 lakh crore to […]
The Indian economy grew 4.2 per cent in FY 2019-20 and 3.1 per cent in the quarter ended March 31 2020, indicating that the economy was already shrinking before the Covid19 lockdown started. Last year (FY 2019-20) the economy recorded 5.2 per cent growth in the first quarter ending June. First quarter report for the […]
According to the Pentagon, the bilateral defense trade between the two countries is expected to reach USD 18 billion by the year end. The relationship marks a slow but sure drift in India’s sourcing of defense procurement on one hand and defense partnership on the other. This is expected to get further fillip in the […]
Monetary policy of pertains to controlling and regulating money supply and cost borrowing with twin objectives of price stability and economic growth. The monetary authority of all modern economies (countries), typically the central bank, targets an inflation rate or interest rate to ensure price stability and general trust in the currency. The other goals of a monetary policy are usually to contribute to […]
The Chief Economic Adviser in the finance ministry Krishnamurthy Subramanian said (April 09, 2019) that the Non Bank Financial Companies are facing the problem of adverse asset-liability mismatch of firms and there are genuine fears that more non-banking financial companies (NBFCs) may default like IL&FS due to a growing liquidity crunch. According to him the […]
The seven-day selling spree in the Indian equity market has eroded investors wealth to the tune of Rs 6.2 lakh crore. With Thursday’s fall, the Sensex has lost 1,508.42 points or about 4% in the last seven sessions, marking its longest losing streak in nearly three months. On Thursday (May09/2019), the Sensex slid another 230.22 […]