US democrats worried on taxes
President Barack Obama failed to satisfy Democratic congressional leaders about a possible debt reduction deal he is negotiating with House of Representatives Speaker John Boehner, a senior Democratic aide said on Friday.
By HT Correspondent | Reuters, Washington
UPDATED ON JUL 22, 2011 09:17 PM IST
President Barack Obama failed to satisfy Democratic congressional leaders about a possible debt reduction deal he is negotiating with House of Representatives Speaker John Boehner, a senior Democratic aide said on Friday.
The aide said Democrats see no guarantees of additional revenue in the possible 10-year deal, which would provide $3 trillion in spending cuts.
Efforts to avoid a US default were underway in Washington with President Barack Obama and top lawmakers sought a last-minute deficit-reduction deal before the August 2 deadline to raise the debt ceiling.
'Hit by double whammy of low growth, high inflation': Cong on economy's state
Edited by Prashasti Singh, Hindustan Times, New Delhi
PUBLISHED ON FEB 26, 2021 10:21 PM IST
The Congress responded to the data and said the government spent a lot less than what was needed to revive the Indian economy.
India's NSE defends reopening market after exchange's shutdown
Posted by Kunal Gaurav | Reuters, Mumbai
PUBLISHED ON FEB 26, 2021 09:08 PM IST
Brokers had criticised the NSE over the lack of information after the four-hour shutdown on Wednesday.
Oil slumps with wider markets, denting record start to 2021
Bloomberg
UPDATED ON FEB 26, 2021 06:52 PM IST
The demand outlook has improved, with traders and investment banks this week making a series of bullish calls and upward price revisions.
Reliance Jio launches new unlimited plans to usher in '2G-mukt Bharat'
ANI, Mumbai
PUBLISHED ON FEB 26, 2021 06:47 PM IST
- According to the plan, new users will get a JioPhone device, unlimited voice calls and data (2GB high-speed data every month) for two years at ₹1,999.
Fiscal deficit rises to ₹12.34 lakh crore at end of January
PTI
PUBLISHED ON FEB 26, 2021 06:41 PM IST
The fiscal deficit at the end of January in the previous financial year was 128.5% of the Revised Estimates (RE).
London could lose out to New York under draft EU finance deal
Reuters, London
PUBLISHED ON FEB 26, 2021 06:12 PM IST
- Britain's financial services industry has been largely cut off from the EU, its biggest customer, since a Brexit transition period ended on Dec. 31 as the sector is not covered by the UK-EU trade deal.
Support both public, private projects: FM to infra ministries
By Rajeev Jayaswal
PUBLISHED ON FEB 26, 2021 06:00 PM IST
The National Infrastructure Pipeline (NIP) will play a critical role in revitalising the economy that is recovering from the devastating impact of Covid-19 pandemic, said finance minister on Friday
Indian economy grows by 0.4% in October-December 2020: Govt data
By hindustantimes.com, New Delhi
UPDATED ON FEB 26, 2021 06:20 PM IST
Indian economy grows by 0.4 pc in October-December 2020: Govt data
Bitcoin slumps 6%, heads for worst week since March
Reuters, London
PUBLISHED ON FEB 26, 2021 04:14 PM IST
The world's biggest cryptocurrency slumped as low as $44,451 before recovering most of its losses.
Sensex crashes over 1,900 points; Nifty tanks 568 points
Posted by Prashasti Singh | PTI
UPDATED ON FEB 26, 2021 06:17 PM IST
The 30-share BSE index ended with a loss of 1,939.32 points or 3.80 per cent at 49,099.99.
Govt extends anti-dumping duty on Chinese tiles by three months
By Rajeev Jayaswal
UPDATED ON FEB 26, 2021 03:09 PM IST
In order to save the domestic tiles industry from cheaper imports from China, the government had imposed up to $1.87 per square meter anti-dumping duty during in 2016 for five years, which would have expired on March 28
RBI favors retaining inflation target regime
Posted by Prashasti Singh | Bloomberg
PUBLISHED ON FEB 26, 2021 02:46 PM IST
The existing mandate requires the RBI to keep headline inflation at the 4% midpoint of its target range of 2%-6%.
India's inflation target band appropriate for next 5 years: RBI report
Posted by Prashasti Singh | Reuters
PUBLISHED ON FEB 26, 2021 02:25 PM IST
"Trend inflation to which actual inflation converges after a shock provides an appropriate benchmark for the inflation target; trend inflation has fallen from above 9% before FIT to a range of 3.8%-4.3% during FIT," the RBI said in its release.
'Fuel prices will come down after winters: Petroleum minister Dharmendra Pradhan
By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
UPDATED ON FEB 26, 2021 02:56 PM IST
Dharmendra Pradhan said prices will come down a little as winter goes away. "It's an international matter, price is high due to increase in demand," he added.
Sensex tanks 1,631 points to 49,407 in afternoon session; Nifty below 14,600
By hindustantimes.com | Written by Kanishka Sarkar
UPDATED ON FEB 26, 2021 01:15 PM IST
According to a Reuters poll, India's economy is likely to have returned to growth in the December quarter after contracting 7.5% in the July-September period.
