The downward revision in India's forecast for FY21 comes on the heels of a sharp contraction in Indian economy in the April-June 2020 period
Congress leader alleged that the result of NDA's GST is that for the first time, the Central government is unable to give money to States collected through tax
The forces causing the growth slowdown and rising inequality were there before Covid-19, and these trends are now getting accentuated, writes T N Ninan
N.K. Singh, the Chairman of the 15th Finance Commission, along with the other members, will hold a day-long meeting with the Economic Advisory Council of the commission on Friday
The case for cooperation on GST
Infra segment, refinery product impacted the most, even as contraction narrows in latest month
With GDP for April-June also in, it can be calculated that fiscal deficit for Q1FY21 was 17.4% of nominal GDP. FM Sitharaman had pegged fiscal deficit for the year at 3.5% of GDP in 2020-21 Budget
Business Standard brings to you a snapshot of stories that made it to the headlines today
The first economic contraction since 1980, and maiden quarterly GDP fall on record, follows limited activity during the June quarter amid lockdowns to control the spread of the coronavirus pandemic
All that happened in the markets today
Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on Aug 31, they said
In a Q&A, Akshay Bellare, the president of Honeywell India, says Covid-19 has come as an opportunity and that he expects double-digit growth in the country over the next five years
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This segment could account for 10 per cent of the country's GDP by 2025, according to the industry body
It is a misconception that all of rural India is doing well amid the outbreak of Covid-19, said Pronab Sen
Here are the top headlines on Wednesday morning
It is important to note that the economy was losing momentum even before the Covid crisis
The GDP index adjusted for inflation, seasonally and calendar effects decreased to 94.26 in the second quarter
Oxford Economics,in a report titled 'India: A reopening gone wrong', said the central government's attempts to restart the economy are already running aground