Page 29 - Economic Recovery

India's fuel demand at 11-month high in December amid economic recovery

India's fuel demand rose for the fourth straight month in December

BMW India sales decrease 31% to 6,604 units in 2020 amid pandemic crisis

German carmaker BMW on Friday reported a 31.5 per cent dip in its sales at 6,604 units in India last year as the COVID-19 pandemic hit dispatches

US economy sheds jobs in December; unemployment rate at 6.7%

Despite the labor market weakness, the economy is unlikely to fall back into recession, with a backstop of nearly $900 billion in additional pandemic relief approved by the government last week

India's GDP may contract 7.7% in FY21: First advance estimates

Biggest contraction since 1952; investments may decline by 14.5%

Job listings improve; agro industries, telecom at pre-Covid levels: Report

Job listings continued to improve in December with industries including telecom, agro-based units, and media and entertainment returning to the pre-COVID-19 levels

India sees December hiring activity up by 14%: Job portal Naukri

The hiring activity in India has increased by 14 per cent in December 2020, stated Naukri JobSpeak Index on Thursday

India's fiscal deficit likely to be over 7% in 2020/21: Report

A fiscal deficit of more than 7% would be higher than some private economists have projected

Indian businesses aim to tap consumers directly in 2021: Report

The focus for digital platforms in India will be on selling directly to the consumers in 2021, a new report said

Coal India to end this fiscal with highest-ever quantity of auctioned coal

Increased volumes of coal under e-auction have also bolstered the sales revenue of CIL

Inbound mergers and acquisitions fall 7% to $73.6 billion in 2020: Report

Despite Reliance Group closing a slew of equity divestments in its telecom and retail arms to the tune of USD 23 billion in 2020, the overall inbound M&As failed to notch up the 2019 tally with the value falling 7 per cent to USD 73.6 billion last year, according to a report. Last year, outbound M&As touched USD 4.4 billion, up 58.4 per cent compared to 2019 and over 80 per cent of the money landed in US assets, according to a tally of Mergers & Acquisitions (M&As) by global financial markets data provider Refinitiv. Overall inbound deals faltered due to the pandemic, pulling down the deal value by 7 per cent and down 11.5 per cent in volume over 2019. With USD 73.6 billion worth inbound deals, M&A value last year was way below the all-time high it scaled in 2018 at USD 132.2 billion and up from 2017 when it was at a low USD 58.3 billion, according to Elaine Tan, a senior analyst at Refinitiv. The numbers would have been much lower had it not been for the litany of

GST's high point

More than recovery, better compliance has improved collection

Noida Metro gets highest single-day ridership post Covid-19 lockdown

The Noida-Greater Noida Metro had 10,418 passengers on Monday

Lower tax on partnership firms, put special duty on etailers: Traders' body

Traders and retailers contribute about 22 per cent to the country's GDP

India witnessing 'V-shaped' economic recovery since June: FinMin Report

The easing of restrictions on economic activities was a key driver, said a Finance Ministry report

How much better can FY22 be?

FY22 was once projected to be 13 per cent higher than FY20. Can six months of lockdown bring growth down to 1 per cent?

India's tax pie gets altered because of Covid; share of direct taxes drops

India witnessed a sharp drop in direct tax collections resulting from a disproportionate impact of the Covid-19 carnage on incomes

Beyond Budget Headlines with AKB: Economic recovery and the tax challenge

What should Budget do to boost investment and spur economic recovery? Don't underestimate the importance of increasing investment, says Business Standard's in-house policy expert A K Bhattacharya

India's manufacturing sector ends 2020 on brighter note; Dec PMI up at 56.4

India's factory sector ended a rough 2020 on a stronger note as manufacturers boosted production to meet rising demand, a private survey showed on Monday

Power consumption grows 6.1% in December, official data shows

India's power consumption grew by 6.1 per cent to 107.3 billion units (BU) in December, showing spurt in economic activities, according to official data

Rise in fuel sales in 2020 shows signs of economic recovery: Indian Oil

IOC chairman S M Vaidya said 2020 was a year of digitalisation at the state-run oil marketing company, which had helped it achieve seamless business continuity