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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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GST collections in February rise 12% to over Rs 1.49 lakh crore YoY

GST collections in February rise 12% to over Rs 1.49 lakh crore YoY

Wed, Mar 01, 2023

GST Collections Data February 2023: The Goods and Service Tax (GST) revenue collection in February 2023 stood at Rs 1,49,577 crore, up 12 per cent on an annual basis.

Growth projection of 7% for current fiscal very realistic: CEA Anantha Nageswaran

Growth projection of 7% for current fiscal very realistic: CEA Anantha Nageswaran

Tue, Feb 28, 2023

According to Chief Economic Advisor V Anantha Nageswaran, there are enough signs that manufacturing is in good health, but India has to be prepared to deal with El Nino and weather-related uncertainties.

India's GDP likely grew 5-5.1% in third quarter of FY23: Analysts

India's GDP likely grew 5-5.1% in third quarter of FY23: Analysts

Mon, Feb 20, 2023

Compared to the pre-Covid number, the GDP is likely to have grown 11.6 per cent in Q3 from 7.6 per cent in the previous quarter, boosted by continued recovery in the services sector, said Aditi Nayar, chief economist and head of research at Icra Ratings.

Funds deposited for NPS cannot be transferred to state governments: Centre

Funds deposited for NPS cannot be transferred to state governments: Centre

Mon, Feb 20, 2023

Citing the recent crash in Adani group companies' shares, Rajasthan chief minister Ashok Gehlot had earlier said that the employees of the state government cannot be left at the mercy of the share market where NPS funds are invested.

Cereal prices likely to remain elevated going into next fiscal: Crisil report

Cereal prices likely to remain elevated going into next fiscal: Crisil report

Mon, Feb 20, 2023

In the current fiscal, prices of cereals have risen significantly on-year in the first nine months -- of wheat and paddy by 8-11 per cent and of maize, jowar and bajra by 27-31 per cent.

India's economic growth remains strong: DSP Mutual

India's economic growth remains strong: DSP Mutual

Thu, Feb 16, 2023

India's economic growth continues to remain strong even in times when the world is facing economic turbulence, said DSP Mutual Fund.

Rural wage growth trailing inflation, govt should continue support: Report

Rural wage growth trailing inflation, govt should continue support: Report

Thu, Feb 16, 2023

Rural wage growth is trailing inflation and the government needs to continue with policy support to help people in the mofussil areas, a credit information company said on Thursday.

RBI announces 2nd global hackathon HARBINGER 2023

RBI announces 2nd global hackathon HARBINGER 2023

Wed, Feb 15, 2023

The Reserve Bank on Tuesday announced its second global hackathon -- 'HARBINGER 2023 - Innovation for Transformation' with the theme 'Inclusive Digital Services'.

Inform borrowers about recovery agents: RBI directs digital lenders

Inform borrowers about recovery agents: RBI directs digital lenders

Wed, Feb 15, 2023

The Reserve Bank on Tuesday directed digital lending entities to disclose upfront the names of their empanelled agents authorised to contact borrowers in case of default of loan, and also intimate the details to customers before initiating the recovery process.

Higher govt capex to help infra companies clock 17-20% revenue growth next fiscal

Higher govt capex to help infra companies clock 17-20% revenue growth next fiscal

Tue, Feb 14, 2023

The revenue growth of most of the EPC players is driven by the rise in capital outlay by the Centre, public sector undertakings and states for the infrastructure segment and the corresponding construction intensity in each of the infrastructure segments.

Global Investors Summit 2023: Aditya Birla Group commits Rs 25,000 crore investment in UP

Global Investors Summit 2023: Aditya Birla Group commits Rs 25,000 crore investment in UP

Fri, Feb 10, 2023

Global Investors Summit 2023: Aditya Birla Group on Friday committed Rs 25,000 crore investment across its various businesses in Uttar Pradesh.

Creator Economy: How newly launched firm is nurturing digital creators to grow their communities, maximize earnings

Creator Economy: How newly launched firm is nurturing digital creators to grow their communities, maximize earnings

Thu, Feb 09, 2023

The creator economy has the huge potential to emerge as a disruptor in the Indian economy impacting job creation for millions of influencers.

Govt mulling mandating LIC, pension fund to invest 1% in green energy

Govt mulling mandating LIC, pension fund to invest 1% in green energy

Wed, Feb 08, 2023

The Indian government is considering mandating the Life Insurance Corp of India (LIC) and sovereign pension fund to invest 1% of their assets under management in bonds issued by state-run power lending firms to finance green projects, two sources said.

Number of digital payment transactions spike in FY 2021-22

Number of digital payment transactions spike in FY 2021-22

Wed, Feb 08, 2023

The Ministry informed that Growth of Digital Payments in India and availability of various easy and convenient digital payment solutions have facilitated ease of living for citizens, financial inclusion, and growth of business and economy.

GST on cement: FM Nirmala Sitharaman makes big statement

GST on cement: FM Nirmala Sitharaman makes big statement

Wed, Feb 08, 2023

GST on cement: Speaking at an event of Confederation of Indian Industry (CII) on Tuesday, Sitharaman said that the matter will be examined and if required will be considered for referral to the GST fitment committee.

RBI Monetary Policy: Full text of RBI Governor Shaktikanta Das speech

RBI Monetary Policy: Full text of RBI Governor Shaktikanta Das speech

Wed, Feb 08, 2023

RBI Monetary Policy: The RBI on Tuesday projected India's economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal- read full speech.

Coal import cannot be zero, its blending with domestic dry fuel helped plants maintain stock: Govt

Coal import cannot be zero, its blending with domestic dry fuel helped plants maintain stock: Govt

Tue, Feb 07, 2023

During 2022-23 (till January 2023), Coal India Ltd despatched 485.99 million tonne (provisional) coal to the power sector as compared to 440.05 MT during the same period a year ago, registering a growth of about 10 per cent.

Indian IT services industry's growth pace may slow down in near to mid term: ICRA

Indian IT services industry's growth pace may slow down in near to mid term: ICRA

Mon, Feb 06, 2023

Ratings agency ICRA sees lower hiring by the IT service companies in the near term given that excess capacities were added in FY2022 and expects moderation in demand compared to previous fiscals amid macroeconomic headwinds.

RBI MPC Meeting: Will central bank press pause button on repo rate hike?

RBI MPC Meeting: Will central bank press pause button on repo rate hike?

Mon, Feb 06, 2023

RBI MPC Meeting: With the retail inflation down, if the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to 6.50 per cent will be known on February 8.

India's economy already 10% more energy efficient than G20 average: IEA

India's economy already 10% more energy efficient than G20 average: IEA

Mon, Feb 06, 2023

The IEA has analysed the impact of measures like those proposed by the LiFE initiative, such as buying an EV or taking public transport, as part of comprehensive energy transition strategies.

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