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Sources said that the governments surprise rollback decision on small savings schemes is an attempt by the BJP to contain the fallout of the decision hitting the common man in the ongoing elections in West Bengal, Assam and other states. (Photo: PTI)

Status quo on small savings interest rate

The decision to rollback was taken hours after the government announced the steepest cut in the rate on small savings...

2 April 2021 4:10 AM IST

Forbearance represents emergency medicine that should be discontinued at the first opportunity when the economy exhibits recovery, the survey stated. (Representational Photo:DC)

Economic Survey 2021 calls for fresh asset quality review

Pandemic concessions to banks need a quick end

30 Jan 2021 4:38 AM IST

Indias GDP to contract 16.5 pc in Q1 as pandemic spreads, says SBI report. (Representative Image)

Cities key to India's post-pandemic growth: WEF study

The study by the Geneva-based World Economic Forum (WEF) said the unfolding COVID-19 pandemic has been catastrophic for...

10 Jan 2021 12:52 PM IST

GST collections in July fall 14% due to COVID lockdown. (Photo-ANI)

Government launches crackdown on 7,000 GST evaders, 187 arrested

The government netted a record GST collection of Rs 1.15 lakh crore in December 2020, helped by the action against tax...

3 Jan 2021 9:38 PM IST

Govt releases truncated WPI for April; wholesale food inflation falls 3.7%. (AP Photo)

WPI inflation rises to eight-month high in October

As per the data, this is the highest level of Wholesale price index-based or WPI inflation since February

18 Nov 2020 2:38 AM IST

Indian economy likely to see record quarterly slump as pandemic hits. (PTI Photo)

Indian economy may be recovering faster than anticipated: Oxford...

Inflation is expected to average significantly above 6 per cent in the fourth quarter of the current fiscal, it said.

15 Nov 2020 2:49 PM IST

Finance Minister Nirmala Sitharaman addresses media on the outcomes of the 42nd GST Council meeting, in New Delh. PTI Photo

FM Sitharaman announces new stimulus measures for India's...

Among the many announcements made by the finance minister include a new job creation scheme

12 Nov 2020 4:16 PM IST

The first advance estimate of FY20 gross value added (GVA) growth is estimated at 4.9 per cent against 6.6 per cent in 2018-19. The manufacturing sector is expected to grow at 2 per cent in 2019-20 compared to 6.9 per cent in the previous year.

With India's economy in a tailspin, Cabinet approves PLI plan for 10...

Under the five-year scheme that will continue till 2025, extra domestic production will be encouraged in 10 key sectors

12 Nov 2020 1:16 PM IST

Similarly, a number of structural reforms have been taken in recent years which include demonetisation, implementation of the Goods and Services Tax (GST), banking policies etc. which will need time to yield results. The recent performance of some sectors has shown optimism.

Mid sized banks report higher Q2 net profit as asset quality improves

Fresh slippages were lower in the absence of lumpy corporate non-performing assets

7 Nov 2020 10:54 AM IST

Reserve Bank of India on Thursday released a national strategy for financial education to be implemented in the next five years. (PTI Photo)

RBI announces Co-lending scheme for banks, NBFCs for priority sector

The primary focus of the revised scheme is to improve the flow of credit to the unserved and underserved sector of the...

6 Nov 2020 1:42 PM IST

People living in the streets sit in line to receive food served by the Delhi government at a temporary shelter in the Nizamuddin area. The nationwide lockdown has thrown thousands of workers out of jobs and left them without access to food. (DC Photo: Pritam Bandyopadhyay)

Even as economic recovery continues, India lost 5.5 lakh jobs in...

October is the first month since the recovery began in May that has recorded a fall in employment

6 Nov 2020 2:27 AM IST

Indias factory activity grows for first time in five months in August. (PTI Photo)

Manufacturing PMI expands to 13-year high in October, signals economic...

The survey, however, showed that the Asia's third-largest economy was signalling a fast recovery

2 Nov 2020 7:36 PM IST