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

GDP to contract by 18.3% as economy set for weakest quarterly growth...

Economists predict a contraction of 8.1% and 1.0% in the September and December quarters respectively

31 Aug 2020 9:14 AM IST

Union Finance Minister Nirmala Sitharaman chairs the 41st GST Council meeting via video conferencing, in New Delhi, Thursday, Aug 27, 2020. MoS for Finance Anurag Thakur and Finance Secretary Ajay Bhushan Pandey are also seen.

Centre writes to states on options of borrowing money to meet GST...

Compensation payment has been an issue since August 2019 with GST collections faltering. I

29 Aug 2020 7:59 PM IST

Items such as cereals and food grains when sold loose are GST-free, while the government imposes a five per cent GST on branded food grains and cereals.

Pandemic gives fillip to demand for cereals; 200 per cent increase in...

Cereals have witnessed increased demand from African countries and the Gulf region during the lock-down.

29 Aug 2020 1:18 PM IST

Indias general government debt-to-GDP ratio is likely to be at 80 per cent of GDP by FY30. (Representative Image)

Government debt-to GDP ratio to be at 80% by FY30: Report

The report also finds that the government support to real GDP growth in the 2020s decade would be lower than in the past...

27 Aug 2020 12:52 PM IST

RBI Governor Shaktikanta Das on Thursday warned banks that being overly risk averse will be self-defeating. (PTI Photo)

Extreme risk aversion can be self-defeating: RBI Governor warns banks

Rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, Das said

27 Aug 2020 12:25 PM IST

Japans exports, imports sank in May amid pandemic fallout. (AFP Photo)

Gujarat tops Export Preparedness Index 2020, Maharashtra comes second

Six coastal states -- Gujarat, Maharashtra, Tamil Nadu, Odisha, Karnataka and Kerala -- feature in the top ten rankings

26 Aug 2020 2:10 PM IST

Former Reserve Bank governor D Subbarao

Former RBI governor D Subbarao backs setting up of a bad bank to...

Even the Economic Survey 2017 had proposed this idea, suggesting the creation of a bad bank called Public Sector Asset...

26 Aug 2020 12:36 PM IST

The newly-issued Rs 2000 notes. (Photo: PTI)

Don't jump, Rs 2000 currency notes slowly being phased out

As per RBI's latest annual report, the big note was not printed at all during 2019-20

26 Aug 2020 9:24 AM IST

The RBI draws its powers from several Indian statutes, the most significant of them being the Reserve Bank of India Act, 1934. (AFP)

Rate cuts don't interest MPC any more. Let's worry about inflation now

Report by SBI research says we're at the end of the rate-cut cycle which began in Feb. 2019

22 Aug 2020 12:12 AM IST

Rising steel prices have inflated costs for equipment manufacturers. (Photo: Jindal Steel)

Here's how India's engineering exports are in a steel trap

We export our iron ore, curb Chinese steel import. So costs are up and exports are uncompetitive

21 Aug 2020 12:25 AM IST

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

GDP to contract 16.5% in Q1 as COVID cases continue to surge: SBI...

The degrowth in corporate gross value added has been significantly better than revenue degrowth in Q1 FY21

18 Aug 2020 10:18 AM IST

Britains Finance minister Rishi Sunak said that hundreds of thousands of people have already lost their jobs, and sadly in the coming months many more will. (AP Photo)

UK economy slips into recession with record 20.4% contraction, job...

Today's figures confirm that hard times are here, finance minister Rishi Sunak said

12 Aug 2020 4:28 PM IST