Govt staff get bonus worth ₹3,700 crore to boost spending during festive season

Govt staff get bonus worth ₹3,700 crore to boost spending during festive season

The Union cupboard on Wednesday authorised a plan to disburse greater than Rs. 3,737 crore to central authorities workers earlier than Dussehra to spice up spending within the festive season. … Read More

Agricultural exports recover from Covid-induced fall

Agricultural exports recover from Covid-induced fall

India’s agricultural exports, an important supply of farm earnings, have recovered from a pandemic-induced decline, however some high-value segments, resembling livestock and marine merchandise, proceed to shrink, in accordance with … Read More

How the Covid-19 pandemic has hit GDP growth

How the Covid-19 pandemic has hit GDP growth

The International Monetary Fund (IMF) launched its World Economic Outlook (WEO) report on Tuesday. The earlier WEO was launched in April this yr, when the extent of the Covid-19 pandemic … Read More

India’s economy to shrink 10.3% in 2020, will register 8.8% growth in 2021: IMF

India’s economy to shrink 10.3% in 2020, will register 8.8% growth in 2021: IMF

Washington: The Indian financial system, severely hit by the coronavirus pandemic, is projected to contract by a large 10.Three per cent this yr, the International Monetary Fund (IMF) mentioned on … Read More

Door still open for states, says govt on GST dues row

Door still open for states, says govt on GST dues row

The Union authorities is prepared to interact with dissenting states that haven’t accepted both of the choices supplied to make up for the hole in GST compensation, a prime finance … Read More

LTC bonanza for those who plan to spend big

LTC bonanza for those who plan to spend big

The finance minister’s announcement of a go away journey concession (LTC) money voucher scheme for workers will profit massive spenders. Under Section 10 (5) of the Income Tax Act, usually, … Read More

No consensus on GST; 21 states can start borrowing

No consensus on GST; 21 states can start borrowing

The Goods and Services Tax (GST) Council on Monday didn’t arrive at a consensus on borrowing to fulfill the income shortfall of ₹2.35 lakh crore within the present monetary yr, … Read More

State of the economy: The recovery question

State of the economy: The recovery question

Latest information for 2 essential financial indicators, the Consumer Price Index (CPI) and the Index of Industrial Production (IIP), launched on Monday, present that the economic system stays in a … Read More