Economists suggest PM Modi: On Friday, India’s top economists in a meeting with PM Narendra Modi suggested him to incorporate few economic reforms in order to put the economy back on the path of growth. The virtual meeting was held weeks ahead of the annual budget submission, scheduled for February 1. It was attended by ...

On Tuesday, the Reserve Bank of India has asked all lending institutions to ensure that interest waiver scheme on interest on loans up to INR 2 crore for six months moratorium period is brought into effect by November 5. This is in line with the government’s decision which also includes non-banking financial institutions. The government ...

Tamil Nadu Chief Minister Edappadi K. Palaniswami on Thursday announced free COVID-19 vaccine for everyone in the state once it is approved for mass production, hours after the Bharatiya Janata Party (BJP) promised free Coronavirus vaccination for all in Bihar in its election manifesto ahead of the upcoming assembly polls. Palaniswami’s promise for free COVID-19 ...

Congress leader Rahul Gandhi on Sunday condemned the Union Government’s handling of the COVID-19 crisis in India. Taking to Twitter, he shared a BBC video showing how India responded to the pandemic crisis. The video briefed about various aspects of India’s response to COVID-19 ranging from the plight of migrant workers after a nationwide lockdown ...

On Monday, Finance Minister, Nirmala Sitharaman, held a press conference to address the economic issues related to dwindling demand and disclosed government’s plans to boost Indian consumption. At the conference, held at National Media Centre, New Delhi, the FM unveiled that centre would be granting a Rs 12,000 crore interest-free 50-year loan to states for ...

The Comptroller and Auditor General (CAG) of India has found that the Central government in the first two years of the GST (Goods and Services Tax) implementation 2017-19 wrongly retained Rs 47,272 crore of the GST compensation cess that was meant to be used explicitly to compensate state governments for loss of revenue. The CAG ...

The Government of India might unleash another package of stimulus if a report is to be believed. The story of stimulus comes ahead of a possible Lockdown 5.0 or complete withdrawal of the lockdown. According to the Hindustan Times, three officials familiar with such relief have shared that the package will include monetary, fiscal, and ...

The coronavirus pandemic is enormously affecting the world economy. Its effect isn’t constrained to specific geography, religion, culture, or ethnicity, however, envelops pretty much every part of human life. The outbreak of the virus’ has influenced more than 180 nations over the globe, and in India, around 12 million will be pushed to the very ...

Finance Minister Nirmala Sitharaman announced a reduction in the PF contribution of both employee and the employer to 10% each from the prevailing 12% each for all establishment secured by EPFO for the following 3 months. Employees working in the private sector will take more salary home for May, June, and July – as the ...

Following Prime Minister Narendra Modi’s announcement of relief package of Rs.20 lakh crores on 12 May evening, all eyes are now on the Finance Minister Nirmala Sitharaman’s press conference on the same issue today at 4.00 pm. In yesterday’s televised address to the nation, the prime minister announced the extension of lockdown and an economic ...