Fiscal numbers for 2021 first quarter do not inspire confidence about economy

Fiscal numbers for 2021 first quarter do not inspire confidence about economy

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

US economy grows at annualised 6.5% in Q2

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

US economy grows 1.6% in Q2, back to pre-pandemic size – Times of India

US economy grows 1.6% in Q2, back to pre-pandemic size - Times of India

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

Higher Q1 tax mop-up shows economy on recovery path: Government – Times of India

Higher Q1 tax mop-up shows economy on recovery path: Government - Times of India

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

In Pics: Indian Railways to Roll Out ‘AC Economy Class’

This much-awaited air-conditioned Economy class is all set for rollout. ) Pic: Piyush Goyal/Twitter)

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

India Aims Over Rs 100 Billion Blue Economy Through Deep Ocean Mission: Jitendra Singh

Govt to Ensure Start of Family Pension of Employees Within a Month in Covid Death Cases: Jitendra Singh

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

Swift recovery expected due to limited impact of lockdown on economy: Survey – Times of India

Swift recovery expected due to limited impact of lockdown on economy: Survey - Times of India

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

COVID pandemic continues to weigh on economy, labour market: US Federal Reserve

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

Durga Puja: Fears of 3rd Wave Loom Large Year After Covid Hit the Rs 15K Cr Economy

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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

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