BUSINESS
BSE becomes first Exchange to execute deliveries of Gold mini contracts
Even though the BSE had launched India's first 'options in goods' contracts on gold mini and silver kg based on spot prices in June 2020, these contracts were delivered using serial-numbered gold bars approved by the London Bullion Market Association (LBMA). The Gold mini 'options in goods' contracts delivered on Saturday were delivered based on BSE-BIS India Good Delivery Standards in alignment with "Make in India" and "Atmanirbhar Bharat" initiatives.
Major economic legislations to be considered during Budget Session
Among the bills lined up for consideration during the Budget session of Parliament include legislation's covering delicensing of country's electricity distribution sector, amendments to Competition Commission of India and PFRDA legislations, creation of new development financial institution, ban on private cryptocurrencies.
India's eight core industries' production down 1.3% in Dec
On a sequential basis, the output of eight major industries had contracted by 1.4 per cent in November. ECI index comprises 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). These industries comprise coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity.
India's Apr-Dec fiscal deficit at over 145% of budgeted target
The 2020-21 deficit -- the difference between revenue and expenditure -- had been pegged at Rs 7.96 lakh crore, as compared to the revised deficit of Rs 7.66 lakh crore for the last fiscal. As per the Controller General of Accounts (CGA) data released on Friday, the fiscal deficit during the corresponding months of the previous fiscal was 132.4 per cent of that year's target.
Govt may announce farm loan waiver scheme in Budget
Experts say the government may consider announcing a loan waiver scheme to appease farmers across the country. The rationale behind this is that when the government announces a loan waiver, debt-burdened farmers get relief and farmers' confidence in the government increases.
Union Budget 2021: Meet Finance Minister Nirmala Sitharaman's team members
The budget for the next fiscal year is crucial as it will showcase the government's vision on how to it plans to tackle the impact of Covid-19 pandemic on the Indian economy. On the 1st of February, Nirmala Sitaraman will be the cynosure for both media and the general public. However, let's not forget that there is a team of senior civil servants and economists who help the Finance minister in finalising the Budget proposals.
Economic Survey 2020-21: Key highlights
The budget for 2021-22 would be released three days later on February 1 by the Finance Minister in the parliament from 11 AM. It will also be then discussed in detail by the finance ministry in the assembly itself.
WeWork plans new route for comeback in public markets: Report
A possible deal, as reported by the Wall Street Journal, could value WeWork at $10 billion, ushering a new era for WeWork to enter the public markets and launch a traditional initial public offering (IPO). WeWork currently has more than $3.6 billion of cash and unfunded cash commitments, including more than $875 million in available cash -- "more than sufficient liquidity to weather a prolonged COVID environment."
V-shaped economic recovery due to timely, stringent lockdown
The document was tabled by Finance Minister Nirmala Sitharaman in Lok Sabha on Friday. "Evidence from the experience of Spanish flu establishes that cities that intervened with lockdowns earlier and more aggressively experience stronger recovery in the economic front in the long run," the survey said.
Economic Survey 2020-21 Updates: India's FY21 GDP to contract 7.7%
The document which was tabled by Finance Minister Nirmala Sitharaman in the Lok Sabha in its debt simulations for worst-case debt analysis assumed the contraction at (-) 7.7 per cent. According to the survey, the real growth rate for FY22 was assumed at 11.5 per cent based on IMF estimates.
Don't Miss
Advertisement