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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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Unprecedented development at LAC to have serious impact on bilateral relations, says MEA

Unprecedented development at LAC to have serious impact on bilateral relations, says MEA

Wed, Jun 17, 2020

The unprecedented situation at the LAC following the clashes between Indian and Chinese soldiers will have an impact on the bilateral relationship, the ministry of external affairs has said in a statement following the talks with Chinese foreign minister. He said that China should have taken corrective steps.

Slowdown not to stay for long! Anil Singhvi decodes Morgan Stanley's V-shaped sharp recovery assertion

Slowdown not to stay for long! Anil Singhvi decodes Morgan Stanley's V-shaped sharp recovery assertion

Tue, Jun 16, 2020

During the Coronavirus lockdown, the global economy got caught by the slowdown but after the gradual re-opening, some signs of recovery are becoming visible.

Fully faceless indirect tax admin starts at CBIC with e-Office's launch

Fully faceless indirect tax admin starts at CBIC with e-Office's launch

Tue, Jun 16, 2020

Developed by the NIC and supported by the Department of Administrative Reforms and Public Grievances (DARPG), the e-Office application aims to improve governance by automating the internal processes of handling files and taking decisions within the government.

S&P to weigh labour, agri market reforms, improvement in financial sector for future ratings

S&P to weigh labour, agri market reforms, improvement in financial sector for future ratings

Mon, Jun 15, 2020

Rating agency S&P will give credence to reforms in agriculture and labour market as well as easing of bad loan stress of banking sector while deciding future rating action on India, a senior official has said

Indian industries should become competitive: Ravi S Jalan, MD, GHCL

Indian industries should become competitive: Ravi S Jalan, MD, GHCL

Sat, Jun 13, 2020

Ravi Shanker Jalan, Managing Director, GHCL Limited, talks about the results of March quarter, future outlook, the impact of coronavirus.

India restricts imports of tyres to boost domestic companies

India restricts imports of tyres to boost domestic companies

Sat, Jun 13, 2020

The government has restricted imports of tyres used for cars, buses, lorries and motorcycles, including radial and tubeless, in a move aimed at curbing imports and boosting domestic companies.

GST Council may discuss levying cess on pan masala, bricks at manufacturing stage in next meeting

GST Council may discuss levying cess on pan masala, bricks at manufacturing stage in next meeting

Sat, Jun 13, 2020

The GST Council may consider at the next meet levying cess on commodities like pan masala and bricks at the manufacturing stage itself.

India's forex reserves jump $8.22 bn; cross half-a-trillion dollar mark for first time

India's forex reserves jump $8.22 bn; cross half-a-trillion dollar mark for first time

Sat, Jun 13, 2020

The country's foreign exchange reserves crossed the half-a-trillion dollar mark for the first time after it surged by a massive $8.22 billion in the week ended June 5 helped by higher foreign inflows.

UK economy shrinks record 20.4% in April due to lockdown

UK economy shrinks record 20.4% in April due to lockdown

Fri, Jun 12, 2020

The UK`s economy shrank by 20.4 per cent in April, the largest monthly contraction on record, as the UK spent its first full month in lockdown due to the COVID-19 pandemic, the Office for National Statistics (ONS) said on Friday.

GST meet on 12th june, govt may give big relief to traders

GST meet on 12th june, govt may give big relief to traders

Fri, Jun 05, 2020

GST council meet may held on 12th june.sources says to zee business that big relief will be given to traders

Modi speech today: PM reveals 5-I formula to turn India into Aatmanirbhar Bharat

Modi speech today: PM reveals 5-I formula to turn India into Aatmanirbhar Bharat

Tue, Jun 02, 2020

While speaking at the 125th anniversary of the Confederation of Indian Industry (CII), Prime Minister Narendra Modi said that India has left the lockdown behind and unlock 1.0 is now in place.

Will place draft e-commerce policy in public domain for comments soon: DPIIT

Will place draft e-commerce policy in public domain for comments soon: DPIIT

Sat, May 30, 2020

The Department for Promotion of Industry and Internal Trade (DPIIT) will very soon put a draft ecommerce policy in the public domain to seek views and comments, a top government official said on Saturday.

Indian economy to emerge stronger in six months, say business leaders

Indian economy to emerge stronger in six months, say business leaders

Sat, May 30, 2020

India will emerge stronger from multiple crises of economy, pandemic and super cyclone in the next 6-9 months, say industry leaders, based on the resilience shown by people, businesses and the government.

WION Exclusive: We will stand by our industry, entrepreneurs, and farmers, says FM Nirmala Sitharaman

WION Exclusive: We will stand by our industry, entrepreneurs, and farmers, says FM Nirmala Sitharaman

Sat, May 30, 2020

India's finance minister Nirmala Sitharaman while speaking exclusively to WION's Executive Editor Palki Sharma said that the coronavirus pandemic has triggered multiple challenges in India.

WION Exclusive: Govt fully prepared to support economy post-lockdown, says FM Nirmala Sitharaman

WION Exclusive: Govt fully prepared to support economy post-lockdown, says FM Nirmala Sitharaman

Fri, May 29, 2020

In a WION exclusive, FM Nirmala Sitharaman today revealed that her ministry and the entire government along with Prime Minister Narendra Modi are fully ready to extend the required support that national economy needs post-COVID-19 pandemic.

India's GDP growth at 3.1 pct in Jan-Mar period

India's GDP growth at 3.1 pct in Jan-Mar period

Fri, May 29, 2020

India's economic growth was at 3.1 per cent in January-March period - it was 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment due to corona pandemic.

Crushing the coronavirus uncertainty will be the big 'unlock' for economies

Crushing the coronavirus uncertainty will be the big 'unlock' for economies

Fri, May 29, 2020

"We estimate that from now to the end of 2023, the difference?in lost global GDP?between economic scenarios with only partial virus-spread control and those in `near-zero virus` situations will be as much as $15 trillion," it added.

COVID had an impact on our business in March quarter: Shishir Joshipura, Praj Industries

COVID had an impact on our business in March quarter: Shishir Joshipura, Praj Industries

Thu, May 28, 2020

Shishir Joshipura, CEO & Managing Director, Praj Industries, talks about March quarter results and outlook for FY21 among others during a candid chat with Swati Khandelwal.

EXCLUSIVE! Modi government may announce Rs 1 lakh cr farm loan waiver

EXCLUSIVE! Modi government may announce Rs 1 lakh cr farm loan waiver

Thu, May 28, 2020

A big news may be coming for banking sector, markets and the overall economy! The Modi government is working on a plan to waive-off farm loans worth Rs 1 lakh cr, sources have revealed. Zee Business Executive Editor Swati Khandelwal, in this big breaking news, said that the government could bring this relief package in tranches

Every FY21 budget assumption will have to be reviewed: FM Sitharaman

Every FY21 budget assumption will have to be reviewed: FM Sitharaman

Sat, May 23, 2020

Every assumption made in the 2020-21 Union Budget, presented in February, would have to be reviewed in view of the coronavirus pandemic, said Finance Minister Nirmala Sitharaman, in New Delhi on Saturday.

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