Estimates of growth for the first quarter gyrate between a low of 14.2% to as high as 23.3%. The RBI has projected a growth of 21.4% in the first quarter. The impact of the local lockdowns imposed by different states to limit the impact of the second wave of the coronavirus is certainly going to shave some of the exuberance off the growth figures. How much that would be will be clear on August 31.
"A strong rebound is expected on the back of rapid vaccinations, a recovering monsoon boosting agricultural output, thrust on infrastructure investments by the government, growth in exports, which have performed remarkably during April–June registering a growth of 18 per cent over the same period in the pre-pandemic year of 2019-20.
Speaking at an event organised by industry body Assocham, IBBI Executive Director Santosh Kumar Shukla said it is a joint effort of all the stakeholders and not only insolvency professionals for the revival of companies under financial stress.
Tripura government in a statement stated this would be considered as a historic moment in the welfare history of tribal people in the state, as this was the biggest package to have been announced for tribal welfare in the state till date.
Cairn was levied tax for a 2006 internal reorganisation of India business before listing while Vodafone was charged for not withholding tax from consideration it paid for acquiring Hutchison stake in India telecom unit.
While addressing business and trade fraternity at Jain International Trade Organisation (JITO), Goyal said, "Government is working towards making India Aatmanirbhar. An Aatmanirbhar Bharat is about building capacity and confidence to engage with all. This will empower our industry to interact with all with quality, cost competitiveness and innovation."
Total FDI inflow rose to $22.53 billion during the first quarter of FY22 as against $11.84 billion in the same period last year, the commerce and industry ministry said in a statement. Total FDI comprises equity inflows, reinvested earnings and other capital.
Total FDI inflow rose to USD 22.53 billion during the first three months of 2021-22 as against USD 11.84 billion in the same period of the last year, it said. Total FDI comprises equity inflows, reinvested earnings and other capital.