GDP numbers for the first quarter of 2021-22 (April-June) will be released on August 31. In its June meeting, the Monetary Policy Committee (MPC) of RBI projected a GDP growth rate of 18.5% for the quarter ending June. The quarter ending June 2020 saw a GDP contraction of 24.4%. What we have now are the … Read more
Image Source : AP/ REPRESENTATIONAL. US economy grows at annualised 6.5% in Q2. The US economy grew at a lower-than-anticipated annual rate of 6.5 per cent in the second quarter, marking the return to an above pre-pandemic level of overall economic activity, the Commerce Department reported. However, the 6.5 per cent gain was considerably less … Read more
NEW DELHI: Vaccinations and federal aid helped lift the US economy out of its pandemic-induced hole this spring. The next test will be whether that momentum can continue as coronavirus cases rise, masks return and government help wanes. Gross domestic product (GDP), the broadest measure of economic output, grew 1.6% in the second quarter of … Read more
NEW DELHI: Increased tax collection in the first quarter this fiscal shows that the economy is on the recovery path, minister of state for finance Pankaj Chaudhary said on Tuesday. Net direct tax collection in the April-June quarter of the current fiscal is over Rs 2.46 lakh crore, as against more than Rs 1.17 lakh … Read more
The Indian Railways is tirelessly working towards achieving greater heights of performance. From Tejas sleeper type to introducing Vande Bharat trains in the upcoming time, the centre of all projects has been the ease, comfort, and safety of passengers. Now, as a new feature, ‘Economy Class’ will be introduced in train travel. This much-awaited air-conditioned … Read more
File photo of Union Minister Jitendra Singh. In addition, he said, DOM will have far-reaching benefits for the common man. PTI Last Updated:July 12, 2021, 23:31 IST FOLLOW US ON: India aims for an over Rs 100 billion Blue Economy through its Deep Ocean Mission and marine resources, Earth Sciences Minister Jitendra Singh said on … Read more
NEW DELHI: India’s economy is expected to see a swift recovery from the impact of the second wave of Covid-19 as lockdowns were largely designed to limit social gatherings and did not affect economic activities much, a CII survey said. About 60 per cent of CEOs participating in the survey expect that the recovery in … Read more
Image Source : AP/ REPRESENTATIONAL. COVID pandemic continues to weigh on economy, labour market: US Federal Reserve. The US Federal Reserve said that the Covid-19 pandemic continues to weigh on the American economy and the labour market, reiterating the central bank will maintain its ultra-loose monetary policy. “Over the first half of 2021, progress on … Read more
With 93 days to go for Durga puja, arrangements are afoot for the five-day festival. But organisers, much like the last year, have decided to keep the celebrations low key given the Covid-19 situation. In the second wave of the pandemic, idol makers and artists in Kolkata are once again worried about Durga Puja. Forum … Read more
File photos of Bengal CM Mamata Banerjee and PM Narendra Modi. West Bengal CM Mamata Banerjee slammed PM Modi for the present state of the Indian economy during a press meet. PTI Kolkata Last Updated:July 07, 2021, 18:42 IST FOLLOW US ON: West Bengal Chief Minister Mamata Banerjee, on Wednesday, slammed Prime Minister Narendra Modi … Read more