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Economy

India records current account deficit of 0.2% of GDP in December quarter

In the current fiscal, as Covid impacted trade, current account had been in surplus in the previous two quarters, according to balance of payments data released by RBI Wednesday.
Sterlite copper unit

3 yrs after its TN plant shut down, Vedanta plans to set up copper smelter in ‘coastal state’

Vedanta invites Expression of Interest, says the 'mega project' will provide direct and indirect employment to 10,000 people.
Workers and activists from all Trade Unions attend a protest rally against the government in New Delhi on 30 September

Modi govt defers implementation of 4 labour codes as states yet to finalise relevant rules

The labour ministry had envisaged implementing the four codes on industrial relations, wages, social security and occupational health safety & working conditions from 1 April 2021.
Dhaka, Bangladesh | Flickr

India & Bangladesh will power the recovery of South Asia’s economy, World Bank says

The success of South Asian nations in containing Covid caseloads and a combination of fiscal and monetary policy support helped improve the region's economic outlook.
A man working at a factory (representational image) | Flickr

India’s GDP growth may be between 7.5 to 12.5%, not out of woods yet, says World Bank report

The report noted that the Covid shock will lead to a long-lasting inflexion in India's fiscal trajectory, and the general govt deficit is expected to remain above 10% of GDP until FY22.

Rupee could fall to Covid depth of 76.5/dollar by the end of the year, analyst says

The rupee has so far been a surprise winner this year as expectations of an economic recovery and a rare current-account surplus shielded it from impact of rising US yields.
Representational image | Wikimedia commons

India gets 5 new chilli hybrids resistant to virus, will ‘save Rs 170-200 crore’ on seeds cost

The chilli hybrids were developed by Indian Institute of Horticultural Research in Bengaluru. Leaf curl virus in chillis is estimated to cause losses of about $15 billion per annum worldwide.

It’s the worst time for travel, but Easy Trip is still upbeat

EasyTrip Director says the company is growing as travellers are attracted by its policy of not charging a service fee if other discounts aren’t being used in tandem.
File photo of a market in Laad Bazar, Hyderabad | Suraj Singh Bisht | ThePrint

India’s 2021 economic output could remain below 2019 level, UN survey says

Due to Covid, an additional 89 mn people in Asia-Pacific region could have been pushed back into extreme poverty, annual UN survey says.

Meet Ravinder Passi, Indian-origin Nissan whistleblower who took down legendary Carlos Ghosn

Former Global General Counsel Ravinder Passi described what he views as a toxic corporate culture, one rife with fear, intrigue and reprisals for those who step out of line.

On Camera

Illustration by Ramandeep Kaur

Who holds the TV remote in India? Women give it up around 7 pm to men, study shows

A recent survey of urban Indian households showed that more and more Indian men are taking over the remote control — especially during primetime.
Boeing 737 Max jet

Months after comeback, Boeing’s 737 Max has a new issue that will ground dozens of jets again

US carriers parked a combined 67 of the workhorse planes Friday, about a third of the Max jets currently in service around the world.

Defence

Chinese PLA troops march back from the Pangong Tso area in eastern Ladakh | Photo released by Indian Army

Corps Commander talks ends after 13 hours, India and China discuss further disengagement

Army sources said that the two countries discussed disengagement from remaining friction points, including Gogra heights, Hot Springs and Depsang Plains in the 11th round of talks.

Why mosques in rear view mirror, like Kashi’s Gyanvapi, can crash India’s drive into future

Court’s order to ASI to survey Gyanvapi Mosque for remains of old Kashi Vishwanath Temple questions the optimism that Ayodhya wouldn’t be repeated.