BUSINESS
India's FY22 GDP now expected to grow at 8.9%
On Monday, the 'Second Advance Estimates of National Income for financial year 2021-22', estimated that 'Real GDP' or 'GDP at Constant Prices' (2011-12) in the year 2021-22 will rise to Rs 147.72 lakh crore from the 'First Revised Estimate of GDP' for 2020-21 at Rs 135.58 lakh crore. "The growth in GDP during 2021-22 is estimated at 8.9 per cent as compared to a contraction of 6.6 per cent in 2020-21," the National Statistical Office (NSO) said.
'Yogi' fraud: Subramanian's 'missing' laptop in focus, officials tight-lipped
Contacted by IANS, the officials were tight-lipped yet revealed that they were trying to get new facts.
Sources privy to the probe conveyed that the CBI is currently working on two lines - they are trying to recover a laptop which was reportedly destroyed by Subramanian. If this was actually destroyed, then they will try to recover the data.
Price pressures subdue India's Q3FY22 GDP growth sequentially, lowers FY22 forecast
Besides, a marginal rise in manufacturing and a contraction in construction activity flattened out growth in Q3FY22. National Statistical Office (NSO) data showed that India's Q3FY22 GDP growth rate stood to 5.4 per cent on a year-on-year basis. The Q3FY22 GDP, at constant prices of 2011-12, is estimated at Rs 38.22 lakh crore, as against Rs 36.26 lakh crore during the corresponding period of 2020-21.
India's Apr-Jan fiscal deficit reaches over 58% of FY22 RE target
As per the data furnished by the Controller General of Accounts (CGA), the fiscal deficit -- the difference between revenue and expenditure -- for the April-January 2021-22 period stood at Rs 937,868 crore (Rs 9.37 lakh crore), or 58.9 per cent of the revised estimates (RE). The FY22 deficit has been pegged at Rs 1,591,089 crore (Rs 15.91 lakh crore).
India's Q3FY22 YoY GDP growth up 5.4%, eases sequentially
India's Q3FY22 GDP growth rate stood to 5.4 per cent on a year-on-year basis.The Q3FY22 GDP, at constant prices of 2011-12, is estimated at Rs 38.22 lakh crore, as against Rs 36.26 lakh crore during the corresponding period of 2020-21. On a YoY basis, India's GDP growth rate had inched-up by 0.7 per cent during the corresponding period of the previous fiscal.
India worried about Russia-Ukraine conflict impact on exim trade: FM
Interacting with the industrialists and businessmen here, she said that the Centre is closing monitoring the situation as it is worried about the impact of the war on Indian exports and imports. Sitharaman said she would be in a position to comment only after a complete assessment of the situation is made by different ministries.
Foreign travel to skin treatment: Did Madhuri Jain launder BharatPe money?
Sources close to the development said that the ongoing governance review at the fintech platform, scheduled to be submitted this week, has found financial irregularities to the tune of over Rs 50 crore during the tenure of Madhuri Jain -- -- the wife of BharatPe Co-founder and Managing Director Ashneer Grover.
Metal stocks surge on Russia-Ukraine war, Nifty metal up 5%
Shares in the metal space have witnessed sharp gains on Monday as tensions between Russia and Ukraine are expected to turn India's metal sector attractive. The Nifty metal index rose 5 per cent on Monday. "Metal stocks rallied on hopes that curtailing Russian exports would help Indian steelmakers to capture the export market share," said Vinod Nair, Head of Research at Geojit Financial Services.
Equities recover from losses to settle in green; Nifty metal top mover
After recovering during the afternoon session, India's key indices -- S&P BSE Sensex and NSE Nifty50 -- on Monday managed to extend its gains to settle in the green. The indices opened sharply lower on Monday to later recover its entire losses to trade in the green during the closing hours, riding on the reports that Russia and Ukraine are likely to hold peace talks.
Madhabi Puri Buch appointed new SEBI chief
The Centre on Monday announced the appointment of Madhabi Puri Buch as the new Chairperson of the market regulator Securities and Exchange Board of India (SEBI). This is the first time that a woman and a person from the private sector has been chosen for the top post at the SEBI. The appointment would be initially for three years from the date of assumption of post or until further orders, which is earlier, the notification added.
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