Tag Archives: indian economy

Finance Minister Nirmala Sitharaman will deliver a press conference at 12.30 pm today. India plans to announce a new round of stimulus totaling approximately ₹Rs 1.5 crore lakh this week to help lift the economy out of its historic contraction, Reuters reported. The package would follow Wednesday’s previous announcement of …

India plans to announce a new round of stimulus totaling about $ 20 billion this week to help lift the economy out of its historic contraction, government officials said Wednesday. The package would follow Wednesday’s previous announcement of production-linked incentives worth around $ 27 billion over five years for manufacturers …

New Delhi: India plans to announce a new round of stimulus totaling around $ 20 billion ( ₹Rs 1.5 million lakh) this week to help lift the economy out of its historic contraction, government officials said Wednesday. The package would follow Wednesday’s previous announcement of production-linked incentives worth around $ …

The country’s economy, which has shown resilience to emerge from a recession caused by the COVID-19 pandemic, is expected to rebound from the next fiscal year, State Bank of India President Dinesh Kumar Khara said on Saturday. There will be a “paradigm shift” that will lead to a more mature …

‘We are working with five leading banks in India: ICICI Bank, HDFC Bank, Axis Bank, State Bank of India and Jio Payments Bank. People can send money on WhatsApp to anyone using a UPI-compliant app, ‘according to a blog post Following the approval of the National Payments Corporation of India …

NEW DELHI: Department of Economic Affairs (DEA) Secretary Tarun Bajaj said Tuesday that Finance Minister Nirmala Sitharaman will announce the next set of stimulus package soon and the government is examining the requests and comments received from the industry. “We are actually discussing that. It is difficult for me to …

BENGALURU (Reuters) – Indian online grocery startup BigBasket is in advanced talks to sell a majority stake for about $ 1 billion to salt-to-software conglomerate Tata Group. reported the Economic Times on Wednesday, citing three sources familiar with the matter. The centennial group has been planning to launch a “super …

India’s economy accelerated in September, as revival in demand and business activity helped propel the South Asian nation toward recovery from the pandemic-induced recession. Five of the eight high-frequency indicators, including exports, tracked by Bloomberg News improved last month, while three were flat. That helped move the needle on a …

Asit Ranjan Mishra: Finance Minister Nirmala Sitharaman indicated on Tuesday that India’s GDP contraction could be reduced to almost zero in fiscal year 21 if India’s current economic revival remains sustainable in the second half of the financial year. “We can see the reactivation now, particularly in the PMI (purchasing …

NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday it said there were visible signs of recovery, but India gross domestic product (GDP) could be in negative zone or close to zero in the current fiscal year in the wake of the ongoing coronavirus pandemic. Speaking at CERAWeek’s India Energy Forum, …