Covid second wave's impact on Indian economy not likely to be large, states CEA

Covid second wave's impact on Indian economy not likely to be large, states CEA

Chief Economic Adviser KV Subramanian on Monday said the impact of the second Covid-19 wave that it is not likely to be large on the economy but going forward, fiscal and monetary support will be needed to prop up growth. He, however, said it...

India’s GDP contracts 7.3 percent in FY21, but uptick in Q4 with push from manufacturing

India’s GDP contracts 7.3 percent in FY21, but uptick in Q4 with push from manufacturing

Prior to the second wave of the Covid-19 pandemic hit the country, India’s gross domestic product (GDP) grew 1.6 per cent in the fourth quarter (January-March) of 2020-21. This comes on top of a 0.5 per cent growth in the previous...

Government Bodies Cannot Revise the Claims Including EPFO, says NCLAT

Government Bodies Cannot Revise the Claims Including EPFO, says NCLAT

Even government agencies like the Employees Provident Fund Organisation (EPFO) cannot revise their claims once a resolution plan for a debt-laden corporate entity is authorized, states the Chennai Bench of the National Company Law Appellate...

CSC SPV Initiates Agri Services E-Marketplace

CSC SPV Initiates Agri Services E-Marketplace

The CSC E-Governance India Ltd (CSC SPV) has recently announced the launch of an e-marketplace or portal for agri services, mainly to help small farmers. The CSC SPV is a special purpose vehicle under the Ministry of Electronics & IT provides...

Centre permit NPNT to 166 green zones for drone operations or experiments

Centre permit NPNT to 166 green zones for drone operations or experiments

Center on Saturday stated that it has allowed permission of "No-Permission-No-Takeoff" (NPNT) compliant drone operations at 166 additional green zones. Therefore, the approved sites permit drone usage up to 400 ft Above...

Coal India Retains Production and Offtake Momentum in May

Coal India Retains Production and Offtake Momentum in May

Despite COVID-19 restrictions in several states, Coal India maintained its output and despatch momentum in May, the second month of the current fiscal, an official said. The mining major is likely to report dry fuel production of around 41.7...

RBI's new norms to help enhance audit quality, transparency, and add value, states Experts

RBI's new norms to help enhance audit quality, transparency, and add value, states Experts

The Reserve Bank's new norms for auditors will help enhance the overall audit quality as well as the transparency, apart from adding to the value to the businesses rather than wasting resources, according to various auditing experts amid...

Central bank might keep policy rate unchanged

Central bank might keep policy rate unchanged

The Reserve Bank of India’s (RBI’s) monetary policy committee is being expected to keep interest rates on hold in its upcoming review meeting on Friday amid fears of inflation adding to the impact of the second wave of Covid...

Paytm Plans to Launch India’s Biggest IPO by the End of this Year: Report

Paytm Plans to Launch India’s Biggest IPO by the End of this Year: Report

Leading digital payments service provider Paytm is preparing to launch India’s biggest IPO, with a goal to raise $3 billion, by the end of this year. The development was confirmed from a reliable resource familiar with the deal...

No Fresh Issuance of Rs 2,000 Notes Stated RBI

No Fresh Issuance of Rs 2,000 Notes Stated RBI

The Reserve Bank of India said on Thursday that there will be no new issuance of Rs 2,000 notes in 2020-21, as there was the previous year. The supply of Rs 20 notes, on the other hand, was boosted from 13,390 lakh pieces in 2019-20 to 38,250 lakh...

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