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GBS was at Rs 69,967 crore in 2019-20 and Rs 55,088 crore in 2018-19

Railways seeks Rs 75,000 crore from Centre in Budget 2021

Jan 19, 2021

The gross budgetary support (GBS) sought by the railway ministry is about 7 per cent higher than GBS of Rs 70,250 crore allocated for the financial year 2020-21 in last year's budget by Finance Minister Nirmala Sitharaman

The expectation from this budget would be to address several challenges that have arisen as a result of the pandemic and its impact on the economy, on the people, and their livelihoods

Budget 2021: India Inc's wishlist

Jan 22, 2021

Budget 2021 would be unprecedented in many ways, as the government would have to focus on providing stimulus packages to revive the economy, while also identifying other avenues of revenue to bridge the widening fiscal deficit

In light of the expected rebound in revenues, a revenue deficit of 3.5% of GDP and a fiscal deficit of around 5% of GDP for the government in FY2022 may provide enough space for prioritising health expenditure, vaccine rollout and capital spending

Budget 2021: Balance between fiscal prudence and growth will be key

Jan 25, 2021

The government should aim for a balance between reducing the fiscal deficit to a level that can be financed comfortably by the markets, and prioritising spending on those areas that will boost confidence and growth

The share of private spending, however, has fallen over the years - from around 26% in fiscal year 2010 to nearly 17% in fiscal 2020

Budget 2021: 7 ways to raise funds for big infra spend

Jan 25, 2021

Public-private partnership (PPP) models have failed to take off in most infrastructure sectors - save for airports and roads - as private entities have had to bear the bulk of the risks in these models

Unemployment rates at all India level declined to 5.8% in 2018-19

Economic Survey: EPFO net new enrollments rise 29% to 78.58 lakh in FY21

Jan 29, 2021

Economic Survey 2021: The net payroll data of EPFO shows a net increase of new subscribers in EPFO of 78.58 lakhs in 2019-20 (as on December 20, 2020) as compared to 61.1 lakhs in 2018-19

Adani Group Chairman Gautam Adani

CCI nod to Adani Green's acquisition of 100% stake in SB Energy

Jul 01, 2021

The transaction marks this largest acquisition in the renewable energy sector in India. It values SB Energy India at an enterprise valuation of around $3.5 billion

The average base rate has been increased from 7.81 to 7.98 per cent

RBI hikes average base rate charged by NBFC-MFIs to 7.98%

Jun 30, 2021

RBI, on the last working day of every quarter, advises average of base rates of five largest commercial banks to arrive at interest rates to be charged by NBFC-MFIs

Tito's has hosted 16,425 parties and on average had 90,000 visitors every month

Goa's iconic club Tito's sold to Punjab-based casino operator: sources

Jun 29, 2021

On Monday, Ricardo D'Souza, one of the promoters of the club, had announced that the club and other allied businesses had been sold off following alleged "harassment" by government officials, local politicians, and non-governmental organisations

Tito's has been billed as the top destination to celebrate nightlife in Goa by many

Goa's iconic club Tito's sold; promoters allege harassment by politicians, govt officials

Jun 28, 2021

Ricardo D'Souza, one of the promoters of the iconic and one of the state's oldest party clubs, said they have sold the entire business in Goa, and that many of those who work their club and other businesses could be left with no jobs

The state-owned infrastructure finance company had earned a net profit of Rs 94 crore on a consolidated basis in the previous fiscal

IIFCL reports 3-fold jump in profit at Rs 325 cr for FY21

Jun 22, 2021

The company's asset quality witnessed improvement as net non-performing assets (NPAs) came down to 5.39 per cent from 9.75 per cent

29th MPC meeting was held from June 2 to 4

Live Blog: Rise in COVID-19 cases in rural areas pose downside risks, says RBI

Jun 18, 2021

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) in its meeting from June 2 to 4 said rural demand remains strong and the expected normal monsoon bodes well for sustaining its buoyancy, going forward, the minutes of the meeting reveal. But, the MPC observed that increased spread of COVID-19 infections in rural areas, however, poses downside risks. Check out all the updates from the RBI's MPC meeting on BusinessToday.In Live blog

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