Search For "current fiscal"
Economy to contract at 7.5 pc for FY21 due to COVID-19 impact: RBI
Updated : 5 years, 3 months ago IST
Mumbai (Maharashtra) [India], December 4 (ANI): The Reserve Bank of India (RBI) on Friday revised its forecast of economic growth for the current fiscal year (2020-21) to minus 7.5 per cent compared to its earlier forecast of minus 9.5 per cent.
Read More
Sonalika Records Highest Ever Deliveries with 19,000 Tractors in October'2
Updated : 5 years, 4 months ago IST
New Delhi [India], Nov 2 (ANI/NewsVoir): On the back of unprecedented growth experienced in the first half of the current fiscal, Sonalika Tractors, one of India's leading tractor manufacturer and the No.1 Exports brand from India, has clocked a record delivery of 19,000 tractors in a month
Read More
India will be one of fastest-growing economies next year: Nirmala Sitharam
Updated : 5 years, 4 months ago IST
New Delhi [India], October 27 (ANI): Finance Minister Nirmala Sitharaman on Tuesday indicated that contraction in the economy due to COVID-19 may come down to near zero this fiscal amid the ongoing economic revival and next year India will be one of the fastest-growing economies. Read More
Gross NPAs of banks may jump to 11.5 pc by end of FY21: Care Rating
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 14 (ANI): The gross non-performing assets (NPAs) ratio of Indian banks is likely to be 11 to 11.5 per cent by end of current fiscal and they are likely to restructure 4 to 5 per cent of the overall bank credit outstanding, according to Care Rating.
Read More
MSME credit declines by 6 pc in Q1 on Covid-19 impact: Motilal Oswal
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 14 (ANI): Total credit to micro, small and medium enterprises (MSMEs) in the country declined 6 per cent year-on-year in the first quarter of current fiscal year and 3.4 per cent quarter-on-quarter, Motilal Oswal Financial Services said on Wednesday.
Read More
JSW Steel production up 30 pc in Q2 at 3.85 million tonnes
Updated : 5 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 9 (ANI): JSW Steel, the flagship business of 12 billion dollar JSW Group, on Friday reported crude steel production of 3.85 lakh tonnes in the second quarter of current fiscal, up 30 per cent from 2.96 million tonnes in the previous quarter.
Read More
Indian economy to contract 9.6 pc in FY21 due to Covid-19: World Bank
Updated : 5 years, 5 months ago IST
Washington DC [USA], Oct 8 (ANI): India's economy, the largest in south Asia, is expected to contract by 9.6 per cent in the current fiscal year (2020-21) because of Covid-19 pandemic, the World Bank said on Thursday.
Read More
Over 86 lakh new job cards issued across country till now: Ministry of Rur
Updated : 5 years, 5 months ago IST
New Delhi [India], September 18 (ANI): A total of 86,81,928 new job cards have been issued during the current fiscal year (FY) so far as compared to 36,64,368 job cards issued during the same period in FY 2019-20, the Ministry of Rural Development said on Friday.
Read More
Vishal Fabrics' Ltd. bags export orders worth Rs. 110 crores
Updated : 5 years, 6 months ago IST
Ahmedabad (Gujarat) [India], September 16 (ANI/NewsVoir): BSE and NSE listed Vishal Fabrics Limited (VFL), one of India's leading manufacturers of denim fabrics, part of leading conglomerate Chiripal Group has bagged major export orders worth Rs 110 crores to be executed in the current fisca
Read More
India's economy likely to tank 9 pc due to Covid distress: S&P
Updated : 5 years, 6 months ago IST
Singapore, Sep 14 (ANI): S&P Global Ratings said on Monday it expects India's economy to contract by 9 per cent in the current fiscal year ending March 31, 2021 as rising Covid-19 cases will keep private spending and investment lower for longer.
Read More
States' fiscal deficit at 37 pc for Q1, total capex by govts grows just 2
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 11 (ANI): The total receipts of 14 states in India declined by 18.2 per cent year-on-year in the first quarter of current fiscal while total spending grew by just 2.7 per cent, Motilal Oswal Financial Services said on Friday.
Read More
States may cut FY21 capex by Rs 3 lakh crore due to GST shortfall: ICRA
Updated : 5 years, 6 months ago IST
New Delhi [India], Sep 10 (ANI): States may have to significantly cut their expenditure by as much as Rs 3.4 lakh crore in the current fiscal if they are not paid full compensation relating to Goods and Services Tax (GST), investment information agency ICRA has said.
Read More