The continuation of forbearance policies has unintended and detrimental consequences for banks, companies and the economy, the Survey said

SBI, HDFC, Asian Paints and M&M were among the top losers while IndusInd Bank, M&M, Bajaj Finance and RIL traded as the top gainers today

Currently, India is rated investment grade by three major rating agencies - S&P, Moody's and Fitch. Post Covid, Moody's has retained a negative outlook on India's rating. Fitch had also changed the outlook to negative. S&P  had, however, reaffirmed its rating and outlook

The government looks to raise Rs 90,000 crore from the sale of its 53 per cent stake in BPCL. But it will be able to raise just Rs 40,000 crore for its stake, according to the present market capitalisation

Economic Survey 2021: India recognised that while GDP growth will recover from the temporary shock caused by the pandemic, human lives that are lost cannot be brought back, stated the survey

The public debt to GDP ratio, which was around 66-68 per cent for many years , is now expected to jump to 80 per cent plus in 2020-21. This kind of debt-to-GDP ratio is the highest in the last two decades

Insurance penetration is calculated as percentage of insurance premium to GDP. The penetration in non-life segment, in fact, slipped to 0.94 per cent from 0.97 per cent in 2018. The life insurance segment recorded higher penetration at 2.82 per cent from 2.74 in 2018

Bharti Airtel added more new subscribers as compared to market leader Reliance Jio for the fourth consecutive month in November; The Enforcement Directorate (ED) is investigating e-commerce giant Amazon for alleged violation of foreign exchange laws in its dealings with Kishore Biyani-led Future Retail; After a record September quarter, Apple has doubled its business in October - December 2020 quarter (also referred as Apple's Q1 2021) in India. Watch this and more on News Blast.Also Read: Economic Survey: India's real economic growth to be 11% in FY22

Economic Survey 2020-21: These projections are in line with IMF estimate of real GDP growth of 11.5 per cent in 2021-22 for India and 6.8 per cent in 2022-23

Economic Survey: Longer term sustainability depends crucially on reviving growth relative to the interest cost of government debt, says Economic Survey 2020-21

Given the strategic importance of the technology sector, it is important to ensure that the government continues to support this sector through favourable policies

Gopinath says government should carry on cash support to poor people in this financial year as well. She says Centre should focus on expanding employment guarantee scheme MGNREGA

The domestic unit opened at 73.01 per US dollar at the interbank forex market and inched higher to 72.98 against the greenback, rising 7 paise over its previous close

The survey's projections form the basis for key figures in the budget, due to be delivered on Monday by Finance Minister Nirmala Sitharaman

WEF Davos Agenda: India will supply many more COVID-19 vaccines to world, says PM Modi India will soon rollout many more coronavirus vaccines for the benefit of the world, Prime Minister Narendra Modi said during his special address at World Economic Forum's Davos Agenda Summit on Thursday. The developments on vaccine front will rapidly change the economic scenario, he further stated. Airtel beats Jio in subscriber additions for 4th straight month; Voda-Idea continues to lose Bharti Air...

Budget Session 2021: Chief Economic Advisor KV Subramanian launches Economic Survey; says India took \"short term pain for long term gain\" and recognised that GDP growth will recover, lost human lives cannot be brought back, adds the CEA

The government should speedily release all outstanding payments or tax refunds owed to service providers in the form of pending bills. This includes GST refund dues

HUL, Maruti, HDFC Bank, PowerGrid, IndusInd Bank, HCL Tech and Bajaj Finserv were among the top losers. On the other hand, Axis Bank, SBI, ONGC and ICICI Bank were among the gainers

The domestic unit opened at 73.13 at the interbank forex market, falling 21 paise over its previous close

Agriculture and allied activities are expected to grow by 3.5 per cent during 2020-21.