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BusinessToday.In
June 11, 2021
Sitharaman says enhanced CAPEX will play a critical role in revitalising post-pandemic economy. Budget for Financial Year 2021-22 provided a capital outlay of Rs 5.54 lakh crore but these efforts must be complemented by PSEs, says FM


BusinessToday.In
June 9, 2021
The analysis by ProPublica expose the stark disparity in the US tax system, letting magnates such as Jeff Bezos, Elon Musk, Warren Buffet, etc benefit from an intricate network of cracks in the tax code


Anand Adhikari
New Delhi, June 8, 2021
The second covid wave has already impacted the pace of economic recovery as seen from the GDP downgrades by the Reserve Bank of India, global rating agencies, and other global institutions. Given the widening fiscal deficit and higher public debt, there is now a threat of a sovereign rating downgrade if another Covid wave hits the economy. The risk of a downgrade comes from a slowing growth momentum, widening fiscal deficit, higher inflationary pressure, and a stressed banking sector. The RBI's ability to pump in another liquidity bonanza like 8 per cent of GDP in the first pandemic year 20-21 is also not possible. The current fiscal deficit at 9.3 per cent of GDP for 20-21 is one of the highest in recent decades. The banking sector has entered the crisis with 8 per cent gross NPAs Post the second wave, the real stress in banks, NBFCs, and other entities are hidden because of regulatory forbearances especially loan moratorium, govt guarantees, and one-time loan restructuring. There is a lot on the government's shoulders to avoid a rating downgrade as it would have serious implications.Also Read: World Bank cuts India's FY22 GDP growth forecast to 8.3% from 11.2%


Raj Chengappa|Rajeev Dubey
June 6, 2021
In an exclusive interview with India Today Group Editorial Director Raj Chengappa and Business Today Editor Rajeev Dubey, Union Finance Minister Nirmala Sitharaman said the scale and intensity of the second wave are sharply different from the first one


BusinessToday.In
June 4, 2021
During FM's meeting with ministries' officials, their capital expenditure plans, status of implementation of budget announcements and measures to expedite infrastructure investment were discussed


Ayush Chourasia
New Delhi, June 4, 2021
The 44th Reliance AGM is scheduled for June 24. Rumours suggest that Jio will unveil its 5G services, new Jio Phone and a laptop on the same day. So, we decided to detail everything we know so far about the upcoming Jio Phone 5G.


BusinessToday.In
June 3, 2021
Applicants can start the registration process for the scheme from June 1, 2021, at pli-telecom.udyamimitra.in. The application window will be open for 30 days i.e. up to 3rd July 2021


Yasmin Ahmed
New Delhi, June 3, 2021
Reliance has scheduled its 44th annual general meeting (AGM) for June 24. It is likely to announce its 5G network, low-cost Android phones and an affordable laptop which could be called the JioBook at the AGM.


BusinessToday.In
June 2, 2021
Dominican Public Prosecution Service submitted before the Dominican High Court that the petition filed by Choksi is \"not maintainable\" and hence it \"should not be heard\".


BusinessToday.In
May 31, 2021
These applications with committed investment of Rs 5,355.44 crore and expected employment generation of about 11,210 have been approved by the government under the PLI Scheme for Bulk Drugs


PTI
May 29, 2021
Addressing an event virtually, Gadkari said the government is constructing 22 green highways and now India has the largest road network


PTI
May 28, 2021
A bench of Justices Rajiv Shakdher and Talwant Singh issued notice to the I-T Department and asked it to file within four weeks its response to Vadra's petition challenging notices issued to him


BusinessToday.In
May 26, 2021
Existing investors Accel Partners, Kalaari Capital, 3one4 Capital, Blume Ventures and Dream Incubator also participated in the funding round.


Akarsh Verma
New Delhi, May 23, 2021
Ninong Eringa MLA from Arunachal Pradesh alleged that Battlegrounds Mobile India aims to deceive the government and citizens by launching the same game, PUBG Mobile, with minor modifications.


PTI
May 21, 2021
The decision has been taken in consultation with the Reserve Bank of India, the Securities and Exchange Board of India (Sebi) said in a circular


Reuters
May 21, 2021
US Federal Reserve chief Jerome Powell underlined cryptocurrency risks in an unusual video message that also laid out a clearer timetable as the Fed explores the possibility of adopting a digital currency of its own


Rashi Bisaria
New Delhi, May 18, 2021
India Inc's foreign investment rose over two-times to $2.51 billion in April: RBIIndia Inc's foreign investment in the first month of this current fiscal jumped by more than two-times year-on-year to $2.51 billion, data from the Reserve Bank showed on Monday. Indian investors had committed $1.21 billion worth of outward foreign direct investment (OFDI) in April 2020.NBFCs remain resilient; COVID impact to manifest over time: RBIIndia's non-banking financial companies grew at a slower pace in ...


BusinessToday.In
May 17, 2021
Dr Reddy's Laboratories CEO - Branded Markets (India & Emerging Markets) MV Ramana said the two entities are working to scale up the pilot and take the vaccine to other cities.


PTI
May 16, 2021
Tractor sales will be impacted in the short term although in the second half of the fiscal they are likely to pick up,  Escorts Ltd Group CFO Bharat Madan said


BusinessToday.In
May 15, 2021
\"We have asked them (Dr Reddy's) how many doses and by what time they can provide. No response has come from their side as yet,\" Kejriwal said.


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