-The Hindu The indirect tax collections were 27% higher than that in March 2020. The gross GST collections in March hit a record of ₹1,23,902 crore, the Union Finance Ministry said on Thursday. This is the sixth month in a row that GST revenues have remained above ₹1 lakh crore. “The GST collections for March have created a record; it has never been so high. We have crossed the record collections by a...
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In February, output of core sectors contracts by 4.6%
-The Hindu/ PTI It is the steepest contraction in the last six months The output of eight core sectors declined by 4.6% in February, the steepest contraction in the last six months, which, experts said, could drag the overall industrial production in the month into the negative territory. All the key segments, including coal, crude oil, natural gas, and refinery products, witnessed a decline in production, according to the official data released on...
More »India FY21-22 Growth will be in the 7.5%-12.5% range, likely 10.1 %: World Bank -Sriram Lakshman
-The Hindu The Bank expects public consumption to contribute positively, but pent-up private demand to fade by end of 2021 India’s economy is expected to grow at 10.1% for the year starting April 1, 2021, as the vaccine roll-out drives activity in contact-intensive sectors, as per the World Bank’s South Asia Economic Focus South Asia Vaccinates report. However, given the significant uncertainty around epidemiological and policy factors, real GDP Growth could range...
More »Surge in cases a cause of concern: Health Ministry
-The Hindu Pune, Mumbai, Bengaluru Urban among 10 districts with highest case load The surge in the number of COVID-19 cases has gone “from bad to worse”, said member (health) of the NITI Aayog V.K. Paul on Tuesday as India registered 56,211 new cases in the last 24 hours. Dr Paul said 10 districts across India including Pune (59,475), Mumbai (46,248), Nagpur ( 45,322), Thane (35,264), Nashik (26,553), Aurangabad (21,282) and Bengaluru Urban...
More »Jobless Growth: the pandemic has revealed India’s crisis of unemployment -Himanshu
-The Indian Express The current model of economic Growth prioritises capital over labour and is unlikely to resolve the unemployment crisis. COVID-19 infections are once again on the rise with daily infections crossing 60,000 per day last week. This is considerably higher compared to the reported infections during the same period last year when the numbers were less than 500 per day. What is obvious is that the pandemic is far from...
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