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

Persistent negative growth in rural wages and soaring corporate profits accompanied by job and wage cuts demonstrate a clear disconnect between growth/profits and wellbeing of ordinary Indians

Financial statements for December quarter imply that while business continues to remain sluggish, resulting in employment being stagnant or lower, companies continue to make record profits

Finance Minister Nirmala Sitharaman will highlight key points of Union Budget 2021-22, including the fiscal consolidation roadmap during the meeting

In the current fiscal, it has been raised massively from Rs 61,500 crore to Rs 1,11,500 crore to create additional jobs in the rural areas for those who had lost employment due to the outbreak of the COVID-19 pandemic, Thakur said

In the current fiscal, it has been raised massively from Rs 61,500 crore to Rs 1,11,500 crore to create additional jobs in the rural areas for those who had lost employment due to the outbreak of the COVID-19 pandemic, Thakur said

The fiscal deficit - the excess of government expenditure over its revenues - has been pegged at 9.5 per cent of the gross domestic product (GDP) in the current fiscal ending March 31, as per the revised estimate

Little attention to direct income support, health and education deprivations, and revival of small businesses will keep the demand and production of goods and services depressed in FY22

The projection by the RBI governor is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week

Economists, CEOs, consultants, sector specialists interpret Nirmala Sitharaman's 'Never-before' Budget

The Economic Survey 2020/21 suggests that big spends in infrastructure and healthcare should be the government's priority to speed up post-pandemic recovery. Debt, according to the Survey, is not necessarily bad if borrowing more means faster growth

Hero MotoCorp starts distribution of Harley Davidson bikes in India; sets up dedicated vertical Two-wheeler manufacturer Hero MotoCorp has kicked-off distribution of Harley Davidson motorcycles in India and has set up a dedicated vertical for the same. In an exchange filing on Wednesday, the auto major said that the firm is setting up a separate vertical to operate new business of distributing Harley Davidson products and merchandise in the country. This announcement came several months aft...

Moody's expects India's nominal GDP growth to rise close to 17 per cent in fiscal 2021, higher than 14.4 per cent pegged in the Union Budget 2021 

ECILT/IN Nikkei/IHS Markit Services Purchasing Managers' Index rose to 52.8 in January from 52.3 in December, staying above the 50-level mark separating growth from contraction for the fourth straight month

Fitch Ratings, one of the two having a negative outlook on India's rating, may downgrade the rating to junk, Nomura warned

The Samyukta Kisan Morcha, the umbrella body of farmers protesting against three farm laws and for the legal guarantee of the minimum support price, on Monday announced a nationwide 'chakka jam' for three hours on February 6. The protesting farmers said that they would block national and state highways for three hours between 12 pm and 3 pm on Saturday, in protest against the internet ban in areas near their agitation sites, harassment allegedly meted out to them by authorities, and other issues. Watch the video for more.Also Read: Budget 2021: Nominal GDP growth projection may be underestimated, says SBI

The SBI report also praised government's move to increase foreign direct investment limit in insurance companies to 74 per cent in the Budget.

While the Budget has revealed a plethora of proposals targeted at supporting the nascent economic rebound, timely implementation of these proposals will be key to sustaining higher growth of the Indian economy in FY2022 and beyond

At the core of the Budget is the nominal GDP growth of 14.4 per cent which looks plausible with 10 per cent real GDP growth, India Ratings Chief Economist Devendra Pant and Principal Economist Sunil Kumar Sinha said in a note

Tax buoyancy, which describes the sensitiveness of tax revenue growth to changes in nominal GDP, is expected to touch 1.2 in FY22, marginally lower than 1.3 in FY21 (both tax revenues and GDP are projected to decline)