Name: Economic survey projects GDP growth in FY21 at 6-6.5%
Uploaded: 2020-01-31T03:23:49.fff+05:30
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World No.1 Caroline Wozniacki was knocked out in the 3rd round of Wimbledon after a 6-4 6-2 loss to China's Zhang Shuai. Wozniacki was 4-0 up initially but Zhang fought

Wimbledon: Caroline Wozniacki knocked out of 3rd round

World No.1 Caroline Wozniacki was knocked out in the 3rd round of Wimbledon after a 6-4 6-2 loss to China's Zhang Shuai. Wozniacki was 4-0 up initially but Zhang fought back to win the match. Wozniacki questioned the Hawk-Eye after her Wimbledon exit. 

“Government has no business to be in business” that was the clear and concise message from PM Modi as the govt batted aggressively for privatisation.

&ldquo;Government has no business to be in business&rdquo; that was the clear&nbsp; and concise message from PM Modi as the govt batted aggressively for privatisation. Putting the focus back onto development PM Modi reiterated that being in businesses distracts the govt from its main goals.
With over 100 assets identified in its asset monetisation pipeline the Prime Minister reminded India Inc that the Rs 2.5 lakh crore that they are hoping to raise via divestment will be dedicated to development goals. PM Modi added that the government will be&nbsp;having&nbsp;public sector companies only in key strategic sectors and that too only minimum companies. &nbsp;
 There were about 249 PSUs in 2018-19. Of these, 70 were loss-making, with combined losses to the tune of Rs 31,000 cr.&nbsp;

Home prices across the United States jumped 10.4% in December, traditionally as a slow month for realty. Case-Shiller Home Price Indices which measures

Home prices across the United States jumped 10.4% in December, traditionally as a slow month for realty.&nbsp;Case-Shiller Home Price Indices&nbsp;&nbsp;which measures average home prices in major metropolitan areas saw one of the largest annual gains in the 30-year history of the index.
Phoenix, Seattle, and San Diego continued to show the strongest price gains among the 19 cities surveyed.
Record low interest rates and pandemic forced work from home has led to a surge in home sales across the United States.&nbsp;Sales of previously owned homes, which make up the bulk of the housing market, rose in 2020 to their&nbsp;highest annual level since 2006.

India is on track to recover from a pandemic-led economic contraction and is likely to grow 10% in the financial year 2022, S&P Global Ratings said in a foreca

India is on track to recover from a pandemic-led economic contraction and is likely to grow 10% in the&nbsp;financial year 2022, S&amp;P Global Ratings said in a forecast on Tuesday. This is slightly lower than the 11% growth projected by the Economic Survey for FY22. The projected rebound in FY22, however, comes on a lower base, with the Indian economy estimated to contract 7.7% this fiscal. For the recovery in growth in the next fiscal, S&amp;P relied on consistently good agriculture performance, flattening of the Covid-19 infection curve, and a pickup in government spending.

The Wholesale price-based inflation (WPI) in January rose to 2.03 percent from 1.22 percent a month ago in December.

The Wholesale price-based inflation (WPI) in January rose to 2.03 percent from 1.22 percent a month ago in December, according to the government data released on Monday.&nbsp;
This is the highest level of WPI inflation since February 2020 when it was 2.26 percent.
WPI&nbsp;was at 2.03% for the month of January 2021 as compared to 3.52% during the corresponding month of the previous year.

The Reserve Bank of India on Friday left the benchmark interest rate unchanged at 4 per cent for a fourth time and keep the stance accommodative, in the first policy af

The Reserve Bank of India on Friday left the benchmark interest rate unchanged at 4 per cent for a fourth time and keeping the stance accommodative, in the first policy after Budget 2021.&nbsp;Meanwhile, the reverse&nbsp;repo rate&nbsp;will also continue to earn 3.35 per cent for banks for their deposits kept with the&nbsp;RBI.&nbsp;RBI&nbsp;governor,&nbsp;Shaktikanta&nbsp;Das&nbsp;said&nbsp;inflation has been better than what was expected in the December meeting.&nbsp;
Saying that GDP growth was projected at 10.5 per cent for the next fiscal, Das said that the Budget had provided impetus to health and infra sectors.
&nbsp;

Actress Vidya Balan's short film ‘Natkhat’ has entered the race for Oscars 2021. The film has been nominated for Best Short Film categ

Actress&nbsp;Vidya Balan's short film&nbsp;&lsquo;Natkhat&rsquo;&nbsp;has entered the race for Oscars 2021. The film has been nominated for&nbsp;Best Short Film category.&nbsp;Taking to Instagram, Vidya announced the news and shared a snippet from the film. Produced by Vidya Balan, &lsquo;Natkhat&rsquo; follows the story of a&nbsp;mother teaching her son lessons about value of gender quality.&nbsp;The 93rd Academy Awards, which was about to take place on February 28, has been postponed to April 25 due to Covid-19 pandemic

Finance Minister Nirmala Sitharaman announced the PM Atmanirbhar Swasth Bharat Yojana which will spend Rs 64,180 crore on primary.

Finance Minister Nirmala Sitharaman&nbsp;on Monday announced the PM Atmabirbhar Swasth Bharat Yojana which will spend ₹64,180 crore on primary, secondary and tertiary healthcare over a period of six years.&nbsp;This will be in addition to the National Health Mission, she said. 17,000 rural and 11,000 urban health and wellness centres to be set up. Sitharaman&nbsp;also announced that the government will establish integrated public health labs in each district.
&nbsp;
Click here for <a href="https://www.editorji.com/watch-live" target="_blank" rel="noopener">Live Budget 2021</a> coverage, analysis and detailed discussions.&nbsp;
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The fiscal deficit for the financial year 2020-21 has been pegged at 9.5% with a plan to bring it down to below 4.5% by FY26, Finance Minister Nirmala Sitharaman&n

The fiscal deficit for the financial year 2020-21 has been pegged at 9.5% with a plan to bring it down to below 4.5% by FY26, Finance Minister Nirmala&nbsp;Sitharaman&nbsp;said.&nbsp;The government would need another ₹80,000&nbsp;crores for which it would be approaching the markets in February and March.&nbsp;The fiscal deficit in FY22 is estimated to be 6.8% of GDP. The gross borrowing from the market for the next year would be around ₹12 lakh crores, Sitharaman&nbsp;said.
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Finance Minister Nirmala Sitharaman on Monday announced that the government is setting aside a sum of ₹35,000 crore for Covid-19 vaccine. The FY22 health

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;on Monday announced that the government is setting aside a sum of ₹35,000 crore&nbsp;for Covid-19 vaccine. The FY22 health and well-being expenditure has been pegged at ₹2.23 lakh crore, Finance Minister Nirmala Sitharaman&nbsp;added.&nbsp;
&nbsp;
Click here for <a href="https://www.editorji.com/watch-live" target="_blank" rel="noopener">Live Budget 2021</a> coverage, expert analysis and detailed discussions

The government in Economic Survey 2021 projects the Indian economy to grow by a robust 11% in the financial year 2022. It also estimated India’s GDP to contr

The government in Economic Survey 2021 projects the Indian economy to grow by a robust 11% in the financial year 2022. It also estimated India&rsquo;s GDP&nbsp;to contract by 7.7% in FY21, the sharpest fall in four decades. This will comprise of a sharp 15.7% decline in the first half and a modest 0.1% fall in the second half.
India's fiscal deficit is projected to overshoot the initial estimates, 3.5% of GDP, in the financial year ending in March.&nbsp;In order to sustain the recovery in aggregate demand, the government may have to continue with an expansionary fiscal stance, the survey said.
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The government also plans stake sales in IDBI Bank, Central Bank of India and Punjab & Sind Bank, as per the report.

The government may announce to sell a 10-15% stake in the country's biggest insurer Life Insurance Corporation or LIC&nbsp;in next week's union budget, as part of a privatisation push to improve public finances, government sources told&nbsp;Reuters.
The government had announced plans to sell its stake in LIC last year but it got delayed by legal and administrative hurdles, the report said.
The government also plans stake sales in IDBI Bank,&nbsp;Central Bank of India&nbsp;and Punjab &amp; Sind Bank, as per the report.
Together, the plan is to raise up to ₹3 lakh&nbsp;crore&nbsp;in the next financial year, partly to set off the shortfall in the proceeds this year.

Union Budget 2021: Ahead of India's annual budget presentation next week, IMF chief economist Gita Gopinath has favoured the extension of the pandemic support measures.

Ahead of <a href="https://www.editorji.com/story/mind-over-matter-will-fm-budget-for-india-s-mental-health-pandemic-1611647339304" target="_blank" rel="noopener">India's annual budget</a> presentation next week, IMF chief economist Gita Gopinath has favoured the extension of the pandemic support measures.
She has also pitched for thrust on investment in infrastructure and expanding health sectors programmes like Ayushman Bharat, and a very credible divestment path for commercially viable companies.
The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gopinath told PTI.
She added that it would be a good time for banks and Non-Banking Financial Companies to raise capital given the attractiveness of financing conditions at this point

The IMF on Tuesday projected an 11.5% growth rate for India in 2021, making it the only major economy of the world to register a double-digit growth this year amidst th

The IMF on Tuesday projected an 11.5% growth rate for India in 2021, making it the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic.&nbsp;China is next with 8.1% growth in 2021. The Indian economy&nbsp;is estimated to have contracted by 8% in 2020 due to the pandemic. With the latest projections, India regains the tag of the fastest developing economies in the world.

Securing a narrow escape from losses, the rupee stepped back from initial losses and gained marginally towards the fag-end of the session by two paise against the

Securing a&nbsp;narrow escape from losses, the rupee stepped back from initial losses and gained marginally towards the fag-end of the session by two paise against the US dollar to close at 72.97 on Friday.&nbsp;Amid weaker domestic equities, the&nbsp;rupee was supported by easing crude oil prices.&nbsp;On Thursday, the rupee extended gains for the third straight session to settle at a near five-month high of 72.99 against the US dollar.&nbsp;

The Reserve Bank of India has said the country has come out of the pandemic crisis and the recovery is getting stronger. The revival in the economy will exceed most for

The Reserve Bank of India has said the country has come out of the pandemic crisis and the recovery is getting stronger. The revival in the economy will exceed most forecasts which will drive the economy towards a &ldquo;glorious summer&rdquo; while throwing open the space for a greater policy support,&nbsp;the&nbsp;Reserve Bank of India said on Thursday.&nbsp;&ldquo;Recent shifts in the macroeconomic landscape have brightened the outlook, with GDP in striking distance of attaining positive territory and inflation easing closer to the target, an article published in the&nbsp;Reserve Bank of India&rsquo;s January bulletin said. The RBI is optimistic that&nbsp;if these movements sustain, policy space could open up to further support the recovery.

China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and

China&rsquo;s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and was poised to expand further this year even as the global pandemic raged on.
Though, the 2.3% expansion is the lowest since the Chinese economy embarked on major reforms in the 1970s, but the world&rsquo;s second-largest economy has surprised many with the speed of its recovery from last year&rsquo;s coronavirus jolt, especially as policymakers have also had to navigate tense US-China relations on trade.

International monetary fund chief Kristalina Georgieva has praised India for taking "very decisive" steps to deal with the coronavirus pandemic and its econom

International monetary&nbsp;fund&nbsp;chief Kristalina Georgieva has praised India for taking "very decisive" steps to deal with the coronavirus pandemic and its economic consequences and asked the country to do more this year to support an accelerated transformation of the economy.&nbsp;The IMF Managing Director during a global media roundtable on Thursday predicted a better outlook for India in the upcoming World Economic Update due to the steps taken by it.&nbsp;Talking about India, she said it was a very dramatic lockdown for a country of this size of the population with people clustered so closely together.

India's retail inflation, which is measured by the Consumer Price Index (CPI), eased to 4.59% in the month of December mainly due to decline in food

India's retail inflation, which is measured by the&nbsp;Consumer Price Index (CPI), eased to&nbsp;4.59% in the month of&nbsp;December&nbsp;mainly due to decline in food prices. Separately, India&rsquo;s factory output, measured in terms of&nbsp;Index of Industrial Production (IIP), witnessed a contraction of&nbsp;-1.9% in&nbsp;November, data released by the Ministry of Statistics &amp; Programme Implementation (MoSPI) showed on Tuesday.&nbsp;The retail inflation for the month of November was&nbsp;6.93%.&nbsp;The December CPI data has come within the Reserve Bank of India&rsquo;s (RBI) upper margin of 6%.

After mobile phones, the government is now planning to boost domestic manufacturing of new technology devices – including wearables, hearables, drones and Interne

After mobile phones, the government is now planning to boost domestic manufacturing of new technology devices &ndash; including wearables, hearables, drones and Internet of Things (IoT) products.&nbsp; According to a report in the&nbsp;Economic Times, the Ministry of Electronics and IT&nbsp;is in the process of chalking out an incentive scheme for manufacturing such devices and expects to launch it in the coming months.&nbsp;The Centre may launch a Production Linked Incentive (PLI)-like incentive scheme for manufacturers of these products as demand for these products is expected to increase to $5 billion in the next 2-3 years from $2 billion now.
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India's manufacturing sector activity strengthened in December, with manufacturers stepping up production and input buying amid efforts to rebuild their inventories fol

India's manufacturing sector activity strengthened in December, with manufacturers stepping up production and input buying amid efforts to rebuild their inventories following business closures earlier in the year, a monthly survey has said. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) was at 56.4 in December, a tick higher than November's reading of 56.3. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

The Economic Survey on Friday projected India's growth at 6-6.5% in the next financial year starting April 1, saying growth has bottomed out. The survey added that FY21

Economic survey projects GDP growth in FY21 at 6-6.5%

The Economic Survey on Friday&nbsp;projected India's growth at 6-6.5% in the next financial year starting April 1, saying&nbsp;growth has bottomed out. The survey added that FY21 is expected to pose challenges on the fiscal front. The Economic Survey puts current fiscal growth at 5%, says he govt may need to relax the fiscal deficit target for current year to revive growth.&nbsp;The pre-Budget Survey said for wealth to be distributed,&nbsp;it first has to be created and called for looking at wealth&nbsp;creators with respect.&nbsp;For boosting growth, it called for new ideas for&nbsp;manufacturing such as 'assemble in India for the world' which&nbsp;will create jobs.&nbsp;To make it easier to do business in India, the Survey&nbsp;called for removing red tape at ports to promote exports, as well as measures for easing the start of business, register&nbsp;property, pay taxes and enforcing contracts.&nbsp;It also called for improving governance in public sector&nbsp;banks and the need for more disclosure of information to build&nbsp;trust.

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