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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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FM Nirmala Sitharaman meets top executives of Canada Pension Plan Investment Board, Schneider Electric

FM Nirmala Sitharaman meets top executives of Canada Pension Plan Investment Board, Schneider Electric

Thu, Apr 07, 2022

Finance Minister Nirmala Sitharaman on Thursday met top executives of Canada Pension Plan Investment Board and Schneider Electric and discussed investment opportunities in the country.

Expert Poll on RBI Monetary Policy: Staus quo on rates, change in policy stance expected amid growing expectations

Expert Poll on RBI Monetary Policy: Staus quo on rates, change in policy stance expected amid growing expectations

Thu, Apr 07, 2022

The Reserve Bank of India's rate-setting panel on April 6, started discussions to firm up the next bi-monthly monetary policy amid expectations that it might retain the status quo on the interest rate but change its monetary policy stance amid rising Inflation on account of geopolitical developments.

MPC Meet: RBI's Monetary Policy Committee starts discussions on next bi-monthly policy

MPC Meet: RBI's Monetary Policy Committee starts discussions on next bi-monthly policy

Wed, Apr 06, 2022

The Reserve Bank of India's rate-setting panel on Wednesday started discussions to firm up the next bi-monthly monetary policy amid expectations that it might retain status quo on interest rate but change its monetary policy stance amid rising inflation on account of geopolitical developments.

Reserve Bank of India to wait at least until August to raise repo rate

Reserve Bank of India to wait at least until August to raise repo rate

Wed, Apr 06, 2022

The Reserve Bank of India will delay its first interest rate rise by at least four months to August at the earliest, according to a Reuters poll of economists who said the central bank must now start worrying about inflation.

Corporate & Mortgage Loans will be growth drivers in FY23: Sanjiv Chadha, MD & CEO, BoB

Corporate & Mortgage Loans will be growth drivers in FY23: Sanjiv Chadha, MD & CEO, BoB

Tue, Apr 05, 2022

Sanjiv Chadha, Bank of Baroda, talks about his outlook for the banking sector in FY23, credit cycle and its growth, and wealth management space among others during an exclusive interview with Zee Business.

India's factory activity slowed in March, Russia-Ukraine war leads to uncertainty: PMI

India's factory activity slowed in March, Russia-Ukraine war leads to uncertainty: PMI

Mon, Apr 04, 2022

India`s factory activity expanded at a slower pace in March as rising prices meant new orders and output grew at their weakest rate since September, according to a survey released on Monday that also showed optimism at a two-year low.

RBI expected to go for cumulative rate rise of 125bps in fiscal 2023: Morgan Stanley

RBI expected to go for cumulative rate rise of 125bps in fiscal 2023: Morgan Stanley

Mon, Apr 04, 2022

Morgan Stanley expects the RBI to embark on policy normalisation with a 15-20bps hike in the reverse repo rate to normalise the policy rate corridor in the upcoming MPC meeting.

Explainer-How Sri Lanka's economy spiralled into crisis

Explainer-How Sri Lanka's economy spiralled into crisis

Fri, Apr 01, 2022

Anger against Sri Lankan President Gotabaya Rajapaksa`s handling of a deepening economic crisis in the island nation of 22 million people spiralled into violence late on Thursday, as hundreds of protesters clashed with police for several hours.

US added 431,000 jobs in March in sign of economic health

US added 431,000 jobs in March in sign of economic health

Fri, Apr 01, 2022

America's employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy's resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.

LPG gas hit by inflation, 19 kg commercial cylinder price increases by Rs 250

LPG gas hit by inflation, 19 kg commercial cylinder price increases by Rs 250

Fri, Apr 01, 2022

With the advent of the new month, inflation has hit the pockets of the common people again.

GST Collection March 2022: All-time high! Rs 1.42 lakh crore

GST Collection March 2022: All-time high! Rs 1.42 lakh crore

Fri, Apr 01, 2022

Gross GST revenue collected in March 2022 is Rs 1,42,095 crore, of which CGST is Rs 25,830 crore, SGST is Rs 32,378 crore, IGST is Rs 74,470 crore (including Rs 39,131 crore collected on import of goods) and cess is Rs 9,417 crore

India's current account deficit widens to 2.7% in December quarter

India's current account deficit widens to 2.7% in December quarter

Thu, Mar 31, 2022

The health of current account, which is a key indicator of a country's external strength, has deteriorated when compared to the preceding September quarter as well as the year-ago period.

Ind-Ra slashes FY23 GDP forecast to 7-7.2% citing Ukraine war

Ind-Ra slashes FY23 GDP forecast to 7-7.2% citing Ukraine war

Wed, Mar 30, 2022

India Ratings has lowered its GDP growth forecast for FY23 to 7-7.2 percent, from 7.6 percent earlier citing the rising uncertainty over Russia-Ukraine war and the resultant dampening of consumer sentiment.

Too early to predict impact of Russia-Ukraine war on Indian economy, says economist Pinaki Chakraborty

Too early to predict impact of Russia-Ukraine war on Indian economy, says economist Pinaki Chakraborty

Wed, Mar 30, 2022

The global macroeconomic uncertainties have increased due to the Russia-Ukraine war, but it is too early to predict its impact on the Indian economy, eminent economist Pinaki Chakraborty said on Wednesday.

Russia-Ukraine War Impact on India Economy: Too early to predict, says eminent economist Pinaki Chakraborty

Russia-Ukraine War Impact on India Economy: Too early to predict, says eminent economist Pinaki Chakraborty

Wed, Mar 30, 2022

Western nations, including the US, have imposed major economic and other sanctions on Russia following the aggression.

NITI Aayog VC says India at 8% growth can double economy in 7-8 years

NITI Aayog VC says India at 8% growth can double economy in 7-8 years

Sun, Mar 27, 2022

India can double its economy in about 7-8 years if it grows at 8 per cent, which is feasible as the country has sustained a growth rate of 8.5 per cent earlier for a long time, Niti Aayog Vice-Chairman Rajiv Kumar said on Saturday.

RBI central board discusses impact of geopolitical crises on Indian economy

RBI central board discusses impact of geopolitical crises on Indian economy

Fri, Mar 25, 2022

Deputy Governors Mahesh Kumar Jain, Michael Debabrata Patra, M Rajeshwar Rao, and T Rabi Sankar, attended the meeting.

Edelweiss Housing Finance ties up with SBI for co-lending in priority sector home loans

Edelweiss Housing Finance ties up with SBI for co-lending in priority sector home loans

Fri, Mar 25, 2022

EHFL on Friday said it has partnered with the country's largest lender SBI for co-lending towards priority sector home loans to self-employed entrepreneurs and salaried customers.

Dalal Street Voice: India at cusp of an earnings and credit cycle; could hit $3 trn GDP mark this year: Rajesh Bhatia of ITI Long Short Equity Fund

Dalal Street Voice: India at cusp of an earnings and credit cycle; could hit $3 trn GDP mark this year: Rajesh Bhatia of ITI Long Short Equity Fund

Thu, Mar 24, 2022

In an interview with Zeebiz's Kshitij Anand, Bhatia said that India is at the cusp of earnings and credit cycle and therefore, if these inflation scares prove to be transient, then FIIs will have to come back to India and corporate earnings growth in double-digit will lead to the double-digit in stocks as well.

Project Cost likely to increase by 8-15% across the industry: Abhishek Kapoor, Puravankara Limited

Project Cost likely to increase by 8-15% across the industry: Abhishek Kapoor, Puravankara Limited

Wed, Mar 23, 2022

Abhishek Kapoor talks about the demand trends, reason for the decline in PAT in Q3FY22, Kochi project, price hike, land bank and current residential portfolio, geographical locations of the projects and investment plans among others during an exclusive interview with Swati Khandelwal.

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