Expert-Speak

The Finance Ministry said on Saturday that credible signs of economic growth emerged in September as the government took various measures, amid the raging coronavirus and resultant lockdowns in the past six months, to bring the economy back on track. The government's initiatives on both, demand and supply side led to the emergence of green shoots in the economy, the...

Government should stick with its flexible inflation targeting framework, which has worked well, to reap the benefits over the long term, former Reserve Bank of India (RBI) deputy governor Viral Acharya said. The central bank and the government agreed in 2015 on a policy framework that stipulated a primary objective of ensuring price stability while keeping in mind the objective...

The government is opening up the economy for greater participation of the private sector and has been working in different ways to remove entry barriers for new investments, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said the government has opened up defence manufacturing for the domestic industry in a much bigger way and coal mining for commercial...

Finance ministry sources have countered CAG audit finding of central government wrongly retaining Rs 47,272 crore of GST compensation cess meant for states, saying temporary retention cannot be termed as diversion. Days after the Comptroller and Auditor General (CAG) flagged that the Centre in the first two years of the GST implementation wrongly retained GST compensation cess that was meant...

Stock markets are expected to consolidate in near-term due to economic uncertainty and a host of factors such as RBI monetary policy, car sales and macroeconomic data and global cues would dictate the direction in this holiday-shortened week, analysts said. They said that despite a relief rally on Friday markets are likely to remain volatile amid resurging coronavirus cases in...

Mumbai Indians captain Rohit Sharma admitted that sapping condition in the UAE makes it difficult to bat for long duration and that's the reason he felt a bit tired by the end of his match-winning knock against Kolkata Knight Riders. Skipper Rohit starred with a 54-ball 80 to help defending champions Mumbai Indians to a 49-run win over KKR in...

Prime Minister Narendra Modi on Wednesday paid tributes to legendary Hindi poet Ramdhari Singh Dinkar on his birth anniversary, saying his timeless poems will continue to inspire all citizens. "Humble tributes to 'rashtra kavi' Ramdhari Singh Dinkar ji on his birth anniversary. His timeless poems will continue to inspire not only literature-lovers but all countrymen," Modi tweeted in Hindi. Born at...

Sebi chief Ajay Tyagi on Tuesday said the markets regulator is not forcing anyone to invest in small-caps and investment should always be in the interest of investors amid new portfolio allocation rules for multi-cap mutual fund schemes. He further said multi-cap mutual fund schemes should be "true to label". The regulator, earlier this month, directed multi-cap funds to invest at...

Parliament on Tuesday passed a legislation to declare the five new IIITs in Surat, Bhopal, Bhagalpur, Agartala and Raichur as institutes of national importance, enabling them to award degrees. The Indian Institutes of Information Technology Laws (Amendment) Bill, 2020, was introduced in Rajya Sabha by Education Minister Ramesh Pokhriyal Nishank on Monday. The bill was passed by Lok Sabha in...

MSMEs must focus on Efficient & Innovative Technologies for Energy Conservation & Saving to Enhance the competitiveness – Deepak Saxena MD MP Urja Vikas Nigam in a webinar on Energy efficiency. Industries can reduce the cost of production by using innovative techniques and tools in energy savings said Mr Deepak Saxena while speaking in a webinar on Energy Efficiency in...