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PTI
June 3, 2021
Kuntal Sharma, Economic Adviser, Ministry of Food Processing Industries, said that the sector holds huge scope for growth and expansion and the scheme will help in achieving that


Manoj Sharma
June 2, 2021
Though Mukesh Ambani didn't take remuneration in 2020-21, Asia's richest man has seen consistent rise in his net worth throughout the year. Ambani had kept his annual salary from his flagship firm capped at Rs 15 crore for 12th year on the trot in FY20


Sumant Banerji
June 2, 2021
Retail prices of petrol have gone up by Rs 10.78 per litre in this year so far, while diesel prices are up by Rs 11.51 per litre. Centre's excise duty today accounts for Rs 32.90 and states' VAT for another Rs 21.81 for every litre of petrol in Delhi


BusinessToday.In
June 2, 2021
Consistent reforms and strong fundamentals have ensured India had a swift rebound from a contraction of 24.4 per cent in the 1st quarter of FY 2020-21 to a growth of 1.6 per cent in 4th quarter of FY21, says Thakur


BusinessToday.In
New Delhi, June 2, 2021
The second wave of COVID-19 has severely impacted household incomes and jobs as local lockdowns remain imposed in most states. The impact of these local restrictions has been felt by people working in the informal sector, according to fresh data released by the Centre for Monitoring Indian Economy (CMIE). In an exclusive interview with India Today, Centre for Monitoring Indian Economy (CMIE) Chief Mahesh Vyas said that India had lost more than 22 million jobs in the months of April and May due to the lockdown. Stating that the main reason for the job losses is 'mainly the second wave' of COVID-19 infections, Vyas said as the economy opens up, part of the problem will be solved but not entirely. He added that people who lose jobs find it hard to get employment, specifying that while the informal sector jobs come back quickly, the formal sector and better quality job opportunities take up to a year to come back. Watch the video for more.Also Read: RBI's MPC begins discussions; repo rate likely to remain unchanged


BusinessToday.In
June 1, 2021
A total of 63 nations, including India, are in support of the proposal at the WTO, while the United Kingdom, Australia, Singapore and countries of the European Union are in opposition. Agreements at the WTO require consensus among all 164 member states


BusinessToday.In
June 1, 2021
Moody's said India's economy will rebound in financial year 2021-22, after contracting in FY21, and grow by 9.3 per cent.


BusinessToday.In
June 1, 2021
SBI said GDP outlook in FY22 will be impacted by the trajectory of international commodity prices which have risen sharply during the year.


BusinessToday.In
New Delhi, June 1, 2021
The demand for travel credit cards jumped in FY21, especially in the fourth quarter, even as people remained cooped up at home amid lockdown; Chief Economic Adviser KV Subramanian on Monday said the momentum of GDP growth has been affected by the second Covid-19 wave, but assured that its overall economic impact is unlikely to be very large; Nestle is now on a damage control mode after a report stated that over 60 per cent of its food portfolio is unhealthy. Watch this and more news on News Blast.Also Read: Manufacturing PMI slips to 50.8 in May, lowest in 10 months


Rashi Bisaria
New Delhi, June 1, 2021
60% of Nestle's food portfolio unhealthy, says report; company on firefighting mode Nestle is now on a damage control mode after a report stated that over 60 per cent of its food portfolio is unhealthy. The company said that it is updating its nutrition and health strategy. The food giant stated that it is working on a 'company-wide project' to update its nutrition and health strategy and is looking at its entire portfolio to make sure that its products meet nutritional needs. They acknowle...


BusinessToday.In
May 31, 2021
Subramanian hoped that the year 2021-22 will be better than the year gone by. He said food grains production is expected to be at record levels in this year and eight core industries and index of industrial production have shown recovery to pre-pandemic levels during FY21


BusinessToday.In
May 31, 2021
Sensex rose 514.56 points to 51,937 and Nifty climbed 147 points to 15,582 closing at a record high for the third consecutive session


Manoj Sharma
May 31, 2021
On the lines of forecasts by professional agencies, economy continued its expansion in January-February quarter though recent rise in infections played spoil sport. This is second consecutive quarter when GDP grew in positive territory in FY21


Manoj Sharma
May 31, 2021
In Q3, economy stepped out of recession for the first time after registering negative growth for two consecutive quarters in 2020-21. Growth was recorded on record investment and government expenditure even as private expenditure lagged behind amid Covid-19 curbs


BusinessToday.In
May 31, 2021
The CSO had projected 8 per cent GDP contraction in FY21, implying a contraction of 1.1 per cent in March quarter.


PTI
May 30, 2021
The next bi-monthly monetary policy review is scheduled to be announced on June 4, following the meeting of the Monetary Policy Committee (MPC) beginning Wednesday


Reuters
May 29, 2021
Mahindra CEO Anish Shah said sales would rebound by fiscal year 2023 if a majority of the country's population is inoculated and new COVID-19 cases ease, helping the economy recover


BusinessToday.In
May 29, 2021
The two banks fear that the RBI directive could prove to be detrimental to their business and also compromise the confidentiality of their customers' information


BusinessToday.In
May 28, 2021
\"On GST compensation cess, same formula as last year to be adopted this year too. The rough estimate is that the Centre will have to borrow Rs 1.58 lakh crore and pass it on to states,\" said FM Sitharaman after the 43rd GST Council meeting


BusinessToday.In
May 27, 2021
Exports sales for the year ended March 31, 2021 stood at Rs 1,153 crore, down 11 per cent over the sales of Rs 1,291 crore recorded last year


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