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Economy

GST collection grows 9% to Rs 1.87 lakh crore in October

GST collection grows 9% to Rs 1.87 lakh crore in October

Sat, Nov 02, 2024

Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions.

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Tue, Oct 22, 2024

India's GDP growth is likely to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025 because the pent-up demand accumulated during Covid has exhausted, as the economy reconnects with its potential, the International Monetary Fund (IMF) said on Tuesday.

India poised to be third largest global economy by 2030, rising population presents challenges: S&P

India poised to be third largest global economy by 2030, rising population presents challenges: S&P

Thu, Oct 17, 2024

India is poised to be the third largest global economy by 2030 but its rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday.

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PM Modi inaugurates Digital India Week, hails technology for its role in the pandemic

PM Modi inaugurates Digital India Week, hails technology for its role in the pandemic

Mon, Jul 04, 2022

PM also applauded the role of technology during the pandemic and said, the power that Digital India has created in the country in the last eight years has helped India a lot in combating the Corona global pandemic.

Pricing flexibility, lower credit cost to help revive NBFC-MFIs profitability this fiscal: Report

Pricing flexibility, lower credit cost to help revive NBFC-MFIs profitability this fiscal: Report

Mon, Jul 04, 2022

Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) are likely to see revival in their profitability in the current fiscal, helped by the flexibility to set lending rates under the new regulatory framework for MFIs and lower credit cost, according to a report

Crisil cuts FY23 GDP growth estimate to 7.3%

Crisil cuts FY23 GDP growth estimate to 7.3%

Fri, Jul 01, 2022

Factors contributing to the broad-based rise in inflation will include the impact of this year's heatwave on domestic food production, coupled with persisting high international commodity prices and input costs, it said.

US stocks see worst first half drop in over 50 years

US stocks see worst first half drop in over 50 years

Fri, Jul 01, 2022

US stocks have seen their worst first half of a year since 1970, as concerns grow over how steps to curb inflation will affect economic growth.

Rupee hits record low of 79.11 against US dollar in early trade

Rupee hits record low of 79.11 against US dollar in early trade

Fri, Jul 01, 2022

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.21 per cent higher at 104.90.

Retail inflation for industrial workers rises to 6.97% in May

Retail inflation for industrial workers rises to 6.97% in May

Thu, Jun 30, 2022

"Year-on-year inflation for the month (May) stood at 6.97 per cent compared to 6.33 per cent for the previous month and 5.25 per cent during the corresponding month a year before," the Ministry of Labour and Employment said

GST Council Meeting: Full details of goods and services, where rates hiked or slashed

GST Council Meeting: Full details of goods and services, where rates hiked or slashed

Thu, Jun 30, 2022

Government has announced increase in Goods and Services Tax (GST) on several items including those related to kitchenware, stationary, LED lamps, lights and fixtures. The decision was taken during the two-day GST Council meeting that eneded on 29 June

HDFC NIMs to be under pressure for a quarter: Parekh

HDFC NIMs to be under pressure for a quarter: Parekh

Thu, Jun 30, 2022

HDFC Chairman Deepak Parekh on Thursday said the largest pure-play home financier may face a compression of its Net Interest Margin (NIM) in the short term as it is unable to immediately pass on the impact of RBI's rate hike to borrowers.

Andhra Pradesh, Gujarat, Haryana, Karnataka, Punjab, Tamil Nadu and Telangana are the Top Achievers in BRAP 2020

Andhra Pradesh, Gujarat, Haryana, Karnataka, Punjab, Tamil Nadu and Telangana are the Top Achievers in BRAP 2020

Thu, Jun 30, 2022

Assessment of States/UTs based on implementation of Business Reforms Action Plan for the year 2020 declared.

PM Modi inaugurates 'Raising & Accelerating MSME Performance' scheme

PM Modi inaugurates 'Raising & Accelerating MSME Performance' scheme

Thu, Jun 30, 2022

The scheme aims to scale up the implementation capacity and coverage of Medium Small and Micro Enterprises (MSME)in the states, with impact enhancement of existing MSME schemes.

Asian shares end quarter in sombre mood, dollar on high

Asian shares end quarter in sombre mood, dollar on high

Thu, Jun 30, 2022

Asian shares were ending a rough quarter in a sombre mood on Thursday amid fears central banks` cure for inflation will end up sickening the global economy, though it is proving to be a fillip for the safe-haven dollar and government bonds.

Money Guru: How will rising interest rates in the US affect the Indian markets? Is this an opportunity to increase investment or is it a time to act wisely? Expert decodes

Money Guru: How will rising interest rates in the US affect the Indian markets? Is this an opportunity to increase investment or is it a time to act wisely? Expert decodes

Wed, Jun 29, 2022

Money Guru: There is a decline in the global market. How will rising inflation and rising interest rates in the US affect the Indian markets and domestic investments? Is this an opportunity to increase investment or is it a time to act wisely? The expert Vijay Mantri, co-founder of JRL Money explained this in a popular TV Show 'Money Guru'.

47th GST Council Meeting Outcome News: All you need to know about result of Chandigarh meet

47th GST Council Meeting Outcome News: All you need to know about result of Chandigarh meet

Wed, Jun 29, 2022

47th GST Council Meeting Outcome: About a dozen states cutting across party lines on Wednesday pitched for extending the mechanism to compensate states for revenue lost from the implementation of GST beyond June 30, but no decision was taken.

GST on online gaming, casinos, horse racing - They may be taxed like this! What Group of Ministers recommended?

GST on online gaming, casinos, horse racing - They may be taxed like this! What Group of Ministers recommended?

Wed, Jun 29, 2022

GST on online gaming, casinos and horse racing - What's been recommended?

GST Council defers tax on casinos, lottery

GST Council defers tax on casinos, lottery

Wed, Jun 29, 2022

GST Council Meeting: The GST Council on Wednesday deferred decision on levying a 28 per cent tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders, Union Finance Minister Nirmala Sitharaman said.

GST council clears proposal to remove tax exemptions on some items

GST council clears proposal to remove tax exemptions on some items

Tue, Jun 28, 2022

The Council, chaired by Finance Minister Nirmala Sitharaman and comprising state counterparts, also cleared a host of compliance procedures for GST-registered businesses along with a GoM report on high-risk tax payers to check evasion.

15 more firms selected under PLI scheme for white goods

15 more firms selected under PLI scheme for white goods

Tue, Jun 28, 2022

The government on Tuesday said 15 firms, including Adani Copper Tubes, LG Electronics and Wipro Enterprises, with committed investment of Rs. 1,368 crore have been provisionally selected as beneficiaries under the production linked incentive (PLI) scheme for the white goods sector.

JP Morgan bullish on global markets in H2; rejects possibility of recession, sees inflation receding in second half

JP Morgan bullish on global markets in H2; rejects possibility of recession, sees inflation receding in second half

Mon, Jun 27, 2022

JP Morgan is positive about global equity markets in the second half of this year. The US-based multinational investment bank said that it did not see a possibility of recession as is being predicted and even expects inflation to reduce in the second half of the year.

Punjab Budget 2022-23: AAP government presents its first budget; for FY 2022-23; at Rs 1,55,860 crore FM proposes 14.2% jump in budget expenditure

Punjab Budget 2022-23: AAP government presents its first budget; for FY 2022-23; at Rs 1,55,860 crore FM proposes 14.2% jump in budget expenditure

Mon, Jun 27, 2022

Punjab Budget 2022-23: Punjab Finance Minister Harpal Singh Cheema on Monday presented the AAP government's first budget for FY23 in the state assembly and announced that the focus in the first year will be to restore deteriorating fiscal health, deliver on the promises of good governance and concentrate on health, agriculture and education.

India suffering from low labor participation rate, rupee depreciating in the world, says RBI Deputy Governor Michael Patra

India suffering from low labor participation rate, rupee depreciating in the world, says RBI Deputy Governor Michael Patra

Fri, Jun 24, 2022

RBI Deputy Governor Michael Patra on Friday said that India is suffering from a low labor participation rate. He said that the depreciation of rupees is the lowest in the world. RBI stands for the stability of the rupee and is defending the rupee against volatility. Zee Business Tarun Sharma's report.

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