GST Collection Rises 12% To Rs 1.57 Lakh Crore In May
Press Trust of India | Thursday June 01, 2023, New DelhiGoods and Services Tax or GST collection in May rose 12 per cent to Rs 1.57 lakh crore, the finance ministry said today.
Chief Economic Adviser Eyes Another Year Of Solid Economic Performance
Press Trust of India | Thursday June 01, 2023, New DelhiChief Economic Adviser (CEA) V Anantha Nageswaran on Wednesday said India's economic growth may exceed the initial estimate of 6.5 per cent in the current fiscal and the country can look for another year of solid economic performance.
Cabinet Okays Rs 1 Lakh Crore To Create "World's Largest" Grain Storage Capacity
Press Trust of India | Wednesday May 31, 2023, New DelhiThe Centre today approved a Rs 1 lakh crore programme to create the world's largest grain storage capacity in the cooperative sector to reduce crop damages and prevent distress sales by farmers, besides strengthening the country's food security.
Centre's Fiscal Deficit Narrows To 6.4% Of GDP In FY23
Press Trust of India | Wednesday May 31, 2023, New DelhiThe Centre's fiscal deficit narrowed to 6.4 per cent of the GDP in 2022-23 from 6.71 per cent in FY22, as anticipated by Finance Minister Nirmala Sitharaman in her Budget in February this year.
Q4 GDP Growth Rises To 6.1% After Falling For Two Quarters
Reported by Priyanshi Sharma, Edited by Chandrajit Mitra | Wednesday May 31, 2023, New DelhiThe Indian economy grew 7.2 per cent in the last financial year with the gross domestic product (GDP) expanding 6.1 per cent in the fourth quarter, the government said today.
India Different Than In 2013: Morgan Stanley's "Transformation" Report
Press Trust of India | Wednesday May 31, 2023, New DelhiIndia, under Prime Minister Narendra Modi, has transformed, gaining a position in the world order and becoming a key driver for Asia and global growth, said Morgan Stanley.
RBI's Upcoming Payment System Is No-Frills, Lightweight: 5 Facts
Edited by Samiran Mishra | Wednesday May 31, 2023, New DelhiThe Reserve Bank of India (RBI) is developing a new lightweight and portable Payment and Settlement System (LPSS). The system will be independent of traditional technologies and can be operated from anywhere with a small number of staff.
Number Of Bank Frauds Rose In 2022-23, Amount Involved Halved: RBI Data
Press Trust of India | Tuesday May 30, 2023, MumbaiThe number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly halved at Rs 30,252 crore, showed a Reserve Bank data released on Tuesday.
RBI Working On Payment System For Critical Transactions During Catastrophic Events
Press Trust of India | Tuesday May 30, 2023, MumbaiReserve Bank of India is working on a light weight and portable payment system, a "bunker equivalent in payment systems", that can be used for critical transactions during catastrophic events like natural calamities and war.
RBI Says Growth Momentum To Continue In FY24, Suggests Structural Reforms
Press Trust of India | Tuesday May 30, 2023, MumbaiRBI said India's growth momentum is likely to continue in 2023-24 even as it made a case for pushing structural reforms to deal with the geopolitical developments and also to achieve sustained growth in the mid-term.
Adani Transmission Q4 Net Profit Jumps 85% To Rs 439.60 Crore
Press Trust of India | Tuesday May 30, 2023, New DelhiAdani Transmission Ltd (ATL) has posted an 85.48 per cent jump in its consolidated net profit at Rs 439.60 crore during March FY23 quarter, helped by higher income.
Government Attempting To Link TCS With TDS: Chief Economic Advisor
Press Trust of India | Friday May 26, 2023, New DelhiThe government is attempting to link tax collected at source for payments made by individuals with tax deducted from their income sources, a move that will help in ensuring cash flows of the individual taxpayers are not impacted, according to a senior official.
World Economic Forum Chief's Huge Prediction For India On Investment, Jobs
Press Trust of India | Friday May 26, 2023, New DelhiIndia is expected to clock the highest growth among the world's big economies this year and the country's economy is witnessing the "famous snowball effect" that will lead to more investments and more jobs, WEF President said.
India's Wheat Production Set To Touch New Record In 2022-2023 Crop Year
Press Trust of India | Thursday May 25, 2023, New DelhiThe country's wheat production is estimated to set a new record of 112.74 million tonne in the 2022-23 crop year (July-June), while the overall foodgrain output is also likely to be a record 330.53 million tonne.
Aviation Regulator DGCA Asks Go First To Submit Revival Plan Within 30 Days
Press Trust of India | Thursday May 25, 2023, New DelhiAviation watchdog DGCA has asked cash-strapped Go First to submit a comprehensive plan for the revival of its operations, including details about the availability of operational planes and pilots, within 30 days, a source said today.
