The lockdown-like curbs cast a dark shadow over India's ongoing economic revival. In fact, after the pent-up demand of July-Dec period subsided, the economy had started already losing momentum beginning January 2021, well before the second Covid wave intensified

Saying that the second wave presents a risk to India's growth forecast, Moody's said the Indian economy is still likely to grow in double-digits in 2021.

Yet, this was the second straight year of double-digit decline in the auto industry. The low base helped prop up numbers in one quarter but makes the narrative even more worrisome for the full year

India consumed 194.63 million tonnes of petroleum products in 2020-21 as compared with 214.12 million tonnes demand in the previous year, according to the latest data released by the oil ministry's Petroleum Planning and Analysis Cell (PPAC)

RBI will continue to deploy regular operations under the LAF, longer-term repo or reverse repo auctions, forex operations and open market operations, says Shaktikanta Das

RBI Governor Shaktikanta Das says MPC kept its estimate for economic growth unchanged at 10.5 per cent for FY22. MPC also saw inflation edging up to 5.2 per cent in first half of new fiscal from 5% in January-March period and moderate to 4.4 per cent in Q3

The change in the 2021 forecast for India is minuscule compared to earlier projections, IMF chief economist Gita Gopinath said

The central bank had projected CPI of 5.2 to 5% in the first half (August to September) of 2021-22. The new forecast is an indicator of the hardening of inflation in the economy

RBI MPC meet announcements: GDP growth forecast for FY2021-22 has been retained at 10.5 per cent, consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4

India close to becoming 2nd largest COVID-19 infected nationIndia is closing in on Brazil to become the second country after the US in terms of total number of COVID-19 cases in the world. Total number of cases in India has reached 12,148,487 cases as of yesterday, whereas Brazil is still ahead with 12,664,058 cases. While Brazil had 86,704 new cases, that in India was 53,158. While Brazil has a population of only 21.36 crore, that in India is 139 crore.New COVID-19 wave hits hospitality se...

Private equity and overseas companies are taking over domestic healthcare chains, creating a new pecking order

If India's tax- to-GDP ratio of 17.7 per cent has to get anywhere near developed countries' 25-35-36 per cent, those who should pay taxes must be brought under the tax net. But that's easier said than done

As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers

Private security and facility management industry has bounced back from pandemic pangs, and is prepping for the big leap

The Washington-based global lender, in its latest South Asia Economic Focus report released ahead of the annual Spring meeting of the World Bank and the International Monetary Fund (IMF), said that the economy was already slowing when the COVID-19 pandemic unfolded

Recovery is broad based but at varying speed as the services sector in particular still operates with significant restrictions which look unlikely to be fully eased through the first half of FY22, CARE said

Sitharaman said that under the Modi government, Indian economy has seen lower inflation, higher GDP growth, record foreign investments and lower fiscal deficit.

The report proposes to \"declare the act of giving a bribe as legitimate activity\", implying that \"the giver of a harassment bribe should have full immunity from any punitive action by the state\"

Domestic and external demand have been improving since the easing of lockdown restrictions and added that private consumption and non-residential investment will pick up over the next few quarter.

Rajan also cautioned against a second wave of coronavirus cases and called for increasing the pace of vaccination.