ECONOMY


Agriculture and the allied sector proved to be the most resilient to the COVID-19 shock as it registered a growth of 3.6% in 2020-21 and improved to 3.9% in 2021-22, driving the overall Indian economy's real GDP expansion of 9.2% in 2021-22, according to the Economic Survey...

Read More



Moneylife Digital Team 31 January 2022
The Economic Survey for 2021-22, tabled by finance minister (FM) Nirmala Sitharaman in the Lok Sabha on Monday, expects India's gross domestic product (GDP) to grow by 9.2% this year, in line with recent official estimates, and 8% to 8.5% in FY22-23. However, the GDP growth estimated in the...

Read More



Moneylife Digital Team 31 January 2022
“The economic shock of the pandemic has been weathered well by the commercial banking system so far, even if some lagged impact is still in the pipeline,” says the Economic Survey 2021-22. The Survey, tabled in the Parliament by the Union finance and corporate affairs minister Nirmala...

Read More



Moneylife Digital Team 25 January 2022
Household consumption demand in India is lagging fiscal 2020 levels by 3%, according to the latest National Statistical Office estimates on India’s gross domestic product (GDP) for this fiscal. That makes it the worst performer among the expenditure-side components of GDP post-pandemic, says...

Read More



With the Union Budget for FY23 round the corner, real estate developers have started making their suggestions and recommendations to the Centre for including them in the Budget document.   The Budget will be tabled in the Parliament on February 1.   After facing strong...

Read More



Rising cases of the Omicron variant of Covid-19 and the subsequent curbs will have an adverse impact on India's Q4FY22 GDP, said India Ratings and Research (Ind-Ra).   The rising cases have led to various curbs instituted by state governments such as reduced capacity of markets, night...

Read More



India's manufacturing industry continued to grow in December 2021, albeit at a slower pace sequentially.   The headline seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) came in at 55.5 (index reading).   The PMI ranges between 0 and 100, with...

Read More



IANS 23 December 2021
The six-member monetary policy committee of the Reserve Bank of India had unanimously agreed on retaining the repo rate at its last meeting, but not all members favoured continuation of the 'accommodative stance'.   According to the minutes of the MPC meet which took place from 6th to...

Read More



IANS 16 December 2021
The recovery for the Indian economy is spear-headed by an uptick in private investment through November-December alongside a turnaround in bank credit offtake, the Reserve Bank of India (RBI) said in its monthly bulletin for December.   It also said that high capex from the government...

Read More



Moneylife Digital Team 14 December 2021
The burden of inflation varies across different income groups, as the share of spending on food, fuel and core categories differs across classes. During November 2021, the urban poor continued to face maximum inflation, says a research note.   In the report, rating agency CRISIL says,...

Read More



IANS 13 December 2021
Higher food prices lifted India's November retail inflation on a sequential basis, official data showed on Monday.   The data furnished by the National Statistical Office showed that Consumer Price Index (CPI) inched-up to 4.91 per cent last month from 4.48 per cent in October...

Read More



Moneylife Digital Team 02 December 2021
The COVID-19 pandemic did not cause a major permanent loss in India’s public capital expenditure (capex) as per official statistics. Public capex can ignite recovery in an environment where weak demand has kept private sector investments tepid, says a research note.   In the report,...

Read More



Moneylife Digital Team 01 December 2021
India’s gross domestic product (GDP) grew by 8.4% in the second quarter of FY21-22 (Q2FY21-22) on the back of double-digit growth in ‘mining & quarrying’ and ‘public administration, defence and other services.’ The real gross value added (GVA) growth increased by 8.5%, a tad higher than the...

Read More



IANS 22 November 2021
India's two-wheeler sales are expected to contract by 1-4 per cent year-on-year (YoY) in FY22 due to weak festive season performance, ICRA said on Monday.   Accordingly, the rating agency cited that the relentless increase in prices of two-wheelers coupled with record-high petrol...

Read More



IANS 22 November 2021
In a significant observation, the Bombay High Court said on Monday that the allegations levelled by Maharashtra minister Nawab Malik against Narcotics Control Bureau (NCB) Zonal Director Sameer Wankhede and his family cannot be termed as 'totally false', as it declined to pass any restraining...

Read More



IANS 17 November 2021
Reserve Bank of India governor, Shaktikanta Das, on Tuesday said that consumption demand triggered by the festive season is making a strong comeback.   Speaking at the eighth SBI Banking & Economics Conclave, he said: "There are signs that consumption demand triggered by the festive...

Read More



Moneylife Digital Team 15 November 2021
Currency in circulation (CIC) has remained constant during Diwali week in 2021 even with record purchases. As per estimates by the State Bank of India (SBI), because of the COVID-19 pandemic, people may have been holding as much as Rs3.3 lakh crore in cash for a precautionary motive. The data...

Read More



IANS 15 November 2021
Higher prices of primary goods along with food articles and fuel cost stiffened India's October 2021 wholesale inflation on a sequential and year-on-year (y-o-y) basis.   Accordingly, the annual rate of inflation, based on wholesale prices, rose to 12.54% last month from 10.66% in...

Read More



Moneylife Digital Team 08 November 2021
At the first meeting of the committee of creditors (CoC) which took place on 2nd November, the Reserve Bank of India (RBI)-appointed administrator, Rajneesh Sharma, apprised the lenders about the status of the two crisis-ridden Srei companies’ corporate insolvency resolution process, as per...

Read More



IANS 01 November 2021
Healthy demand conditions boosted the growth of India's manufacturing industry in October.   The headline seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) rose to 55.9 (index reading) in October as against a reading of 53.7 in...

Read More

Free Helpline
Legal Credit
Feedback