BJP leader and Rajya Sabha MP Subramanian Swamy said that India's Q3 GDP growth would have been -10 per cent using Laspeyres Price Index Number and -15 per cent using Paasche Index, provided guesstimate of negative growth in MSMEs and informal sector were added to GDP

New curbs on movement of people or restrictions on businesses are a risk to the nascent recovery, given that gains in Q3 FY21 probably came from the reopening of the economy, says SBI Ecowrap report

The initial policy choice of \"lives over livelihoods\" succeeded by \"lives as well as livelihoods\" is now bearing positive results, the government said.

Private wealth creators are solely responsible for India's banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages

Stock Market News Updates Today: ONGC, SBI, Power Grid, RIL, NTPC, ITC, Tech Mahindra, Infosys, RIL, TCS and IndusInd Bank were among the top gainers. On the other hand, Axis Bank, Bajaj Finserv, HDFC Bank, HUL, HDFC, Airtel and L&T were among the top losers today

The forecasted growth in Q3 FY2021, while undoubtedly mild and uneven, is nevertheless welcome, as it signifies that the economy has exited the COVID-19 pandemic-induced recession, ICRA said

India needs to collect and declare credible data on stressed assets, identify sectors and companies where these are accumulated and be transparent in insolvency resolution before jumping to a new mechanism

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

Budget 2021: Indian economy had started dwindling in FY18 when the growth declined to 7.04 per cent from 8.26 per cent in the previous fiscal. The GDP growth further declined to 6.15 per cent in FY19 and 4.2 per cent in FY20, which was the lowest in 44 quarters

For people to benefit, the budget needs overhauling to create jobs; revive small businesses; address poverty and health and education deprivations. Pursuing the existing paradigm of growth may push GDP and stock markets up without improving the living standards of the vast majority

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

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

First advance estimates of national income highlight three key imperatives to revive growth: generate demand and investment cycles by directly spending more and reverse import substitution

Most economic data points and indicators show that Indian stock markets are overheated

How the FM can make it a 'never before' Budget. Top experts weigh in

Coronavirus impact: Govt extends deadline for income tax filing, GST compliance The government has extended various tax compliance deadlines, including Income Tax Returns, tax audit reports and declaration under 'Vivad Se Vishwas Scheme, in view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19 pandemic. Farmers protest: Consensus between unions, govt on 2 issues, next talks on Jan 4 The sixth round of talks between t...

For first half of the current fiscal, India recorded a current account surplus of 3.1 per cent of GDP as against a deficit of 1.6 per cent in H1 of FY20 on the back of a sharp contraction in the trade deficit

India has been knocked off course by the pandemic and, as a result, the UK overtakes the country in this year's forecasts and stays ahead till 2024 before India takes over again, says a latest report by CEBR

The economy is reflating at a pace that beats most predictions, which was evident after the National Statistical Office data for the second quarter was released, says RBI report

H.M Bangur keeps costs and debt under check to deliver a winner