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

Indian economy contracts 23.9% due to COVID-19 impact

Agriculture stood out as the only outlier; allÂ other sectors, including manufacturing, construction and services,...

31 Aug 2020 10:09 PM IST

The production of 8 core sectors had expanded by 2.6 per cent in July 2019. (PTI Photo)

Only the farmer bats for India as eight core sectors shrink 9.6%

Only the fertiliser industry continued to grow through the worst of the Covid months

31 Aug 2020 5:04 PM IST

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 9:06 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.

29 Aug 2020 7:58 PM IST

Officials of the agriculture department remained tight-lipped over lakhs of farmers not receiving the assistance under the Rythu Bandhu scheme.

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

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

29 Aug 2020 12:49 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 12:14 PM IST

Sixty million workers are likely to join the job market in the new decade.

India needs to create 90 million jobs by 2030 to avoid economic...

McKinsey Global Institute report says GDP growth needs to at least 8 per cent

27 Aug 2020 11:00 AM IST

Finance Minister Nirmala Sitharaman to chair 41st GST Council meeting today

Finance Minister Nirmala Sitharaman to chair 41st GST Council meeting...

In the last meeting held, the GST Council decided to waive off fees for late filing returns between July 2017 to January...

27 Aug 2020 10:27 AM IST

Government has said that interest on delayed payment of goods and services tax (GST) will be charged on net tax liability with effect from September 1. (Representative Image)

Interest to be charged on late GST payments from September 1

The industry had raised concern over the directive of recovery of about Rs 46,000 crore of unpaid interest on delayed...

26 Aug 2020 5:34 PM IST

Workers transferring aluminium foil for export to India at a factory in Huaibei in Chinas eastern Anhui province. . India initiates probe into alleged dumping of aluminium foil from 4 nations. (AFP Photo)

Gujarat tops Export Preparedness Index 2020, Maharashtra ranks second

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

26 Aug 2020 1:49 PM IST

Former Reserve Bank governor D Subbarao

Ex-RBI governor D Subbarao backs setting up of a bad bank to tackle...

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

26 Aug 2020 11:56 AM IST

Seen any lately? RBI says the number of Rs 2,000 currency notes in circulation has come down from 33,632 lakh pieces at the end of March 2018 to 27,398 lakh pieces at end of March 2020. (PTI file photo)

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 9:20 AM IST