"economy"

By Dr Sarbapriya Ray, Dr Ishita Aditya A man willing to work and unable to find work is perhaps the saddest sight that fortune’s inequality exhibits under the Sun — Thomas Carlyle, Scottish historian and philosopher. The transformation brought about by the pandemic has had an enduring impact on our social and economic lives. Economic […]

By Nayakara Veeresha The Law Commission of India in its draft report has stated “saving public money” as one of the main reasons for recommending simultaneous elections. India’s 17th general elections in 2019 cost the public exchequer over $6.5 billion, ie, more than Rs 6,500 crore. This expenditure is more than the cost incurred in […]

Hyderabad: The impact of actions of the monetary authorities on the economy depends on the reaction of the business units to changes in interest rate, said Dr C Rangarajan, Chancellor, ICFAI, Hyderabad and former Governor of Reserve Bank of India. Delivering a lecture virtually on the topic ‘Evolving Contours of Monetary Policy’ recently conducted by […]

New Delhi: Union Minister of Home Affairs and Cooperation Amit Shah said on Friday that India is likely to become the fastest growing economy in the world in the current financial year. “We are reaching the pre-COVID levels. July to September GDP number has been at 8.4 per cent and I think in the year […]

The latest data on the first quarter of the current financial year 2021-22 shows a big jump in the gross domestic product (GDP), compared with the corresponding period last year, but it may not be a true reflection of the country’s economic recovery process. This is because the base for comparison is very low, set […]

As an expected outcome of the pandemic-induced digitization, job posting for IT roles such as project head and engineer saw an increase of 8-16 per cent

Tata Sons chairman N Chandrasekaran said a new India could emerge in the coming decade to be a global leader in research and development, science and technology, AI, advanced manufacturing and next generation products and services

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.10 per cent down at 92.08.

Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore.

The index no longer captures the economy or its constituents effectively. It may no longer be the barometer of the Indian economy, Dr Vikas Singh, president, Crux Management Services tells Y V Phani Raj in an interview. Excerpts

The 10 lakh investment scheme, brainchild of CM K Chandrashekhar Rao will help Dalits to become entrepreneurs

Chief Economic Advisor Krishnamurthy Subramanian said the second wave of COVID-19 is unlikely to have a very significant on the economy

He also said the financial system is on the front foot to aid recovery, but the priority is to maintain and preserve financial stability.

GDP growth in the current fiscal was estimated to be in double digits initially, but a severe second wave of pandemic has led to various agencies cut growth projections.

According to an assessment by the Reserve Bank, the second wave has cost the nation about Rs 2 lakh crore in terms of output lost.

The association also stressed upon the need for immediate and appropriate measures by authorities to control further damage.        

"India's recovery is being hampered by the largest outbreak of any country since the beginning of the pandemic," the World Bank said.

The government must lead the investment cycle but focus on completing the several projects that are underway and not start new ones.

Painting a rosy picture based on April's GST collections could be a miscalculation as all indicators point to a grim picture of the economy

The economist said the current localized reversal of unlocks has successfully bent the curve.