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Maharashtra will play key role in achieving India's $5 trillion economy goal: Minister Aditi Tatkare

Maharashtra will play key role in achieving India's $5 trillion economy goal: Minister Aditi Tatkare

Sat, Dec 21, 2024

Representing Maharashtra in the pre-Union Budget meeting held in Jaisalmer, Minister Aditi Tatkare on Saturday assured that Maharashtra would play a pivotal role in India's journey towards becoming a $5 trillion economy.

Nirmala Sitharaman: Economy to Improve in Coming Quarters

Nirmala Sitharaman: Economy to Improve in Coming Quarters

Wed, Dec 18, 2024

Nirmala Sitharaman, India's Finance Minister, states that the economy will improve in the upcoming quarters despite a temporary dip in Q2 growth. In this video, we discuss her comments on India's economic outlook and what it means for future growth.

India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA report

India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA report

Thu, Nov 21, 2024

India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024), according to a report by ICRA.

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Indian GDP to grow 7.8% in Q2, 9.4% in FY22: HDFC Bank Report

Indian GDP to grow 7.8% in Q2, 9.4% in FY22: HDFC Bank Report

Wed, Nov 24, 2021

Real GDP will grow 9.4 per cent in FY22 and decelerate to 7.5 per cent for FY23 as the base effects result in the higher growth in the ongoing fiscal wear-off, according to the report by economists at HDFC Bank released on Wednesday

Economy expected to grow by 10pc or more in current fiscal: Niti Aayog Vice Chairman Rajiv Kumar

Economy expected to grow by 10pc or more in current fiscal: Niti Aayog Vice Chairman Rajiv Kumar

Tue, Nov 02, 2021

Indian economy is expected to grow by 10 per cent or more in the current fiscal, and 8 per cent plus in the next fiscal year, Niti Aayog Vice-Chairman Rajiv Kumar said on Tuesday.

Economy finally looks nearly out of the pandemic woods; Icra sees Q2 GDP at 7.7 pc

Economy finally looks nearly out of the pandemic woods; Icra sees Q2 GDP at 7.7 pc

Thu, Oct 21, 2021

Icra Rating chief economist Aditi Nayar said in a note on Thursday.

India economy poised to attain double-digit growth in FY22: PHDCCI

India economy poised to attain double-digit growth in FY22: PHDCCI

Mon, Oct 11, 2021

In its June policy review, the central bank had lowered the country's growth projection for the current financial year to 9.5 per cent from 10.5 per cent estimated earlier.

₹ 4,445 crore will be invested on textile park scheme

₹ 4,445 crore will be invested on textile park scheme

Wed, Oct 06, 2021

With an aim to create world-class infrastructure with plug-and-play facilities that enable major investments in exports, the Cabinet on October 6 approved seven new mega textile parks.

Moody's affirms India's sovereign rating, upgrades outlook to 'stable' from 'negative'

Moody's affirms India's sovereign rating, upgrades outlook to 'stable' from 'negative'

Tue, Oct 05, 2021

Ratings agency Moody's on Tuesday affirmed India's sovereign rating and upgraded the country's outlook to 'stable' from 'negative', citing receding downside risks to the economy and financial system. The sovereign rating by Moody's stands at 'Baa3' -- which is the lowest investment grade, just a notch above junk status

NOTIFICATION by CBDT! Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

NOTIFICATION by CBDT! Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

Tue, Sep 14, 2021

The government has decided to exempt investors picking up state's equity shares under strategic disinvestment programme from the provisions of gift tax.

11 States meet the target for capital expenditure in Q1FY22; get permission to mobilise additional Rs 15,721 cr

11 States meet the target for capital expenditure in Q1FY22; get permission to mobilise additional Rs 15,721 cr

Tue, Sep 14, 2021

As an incentive, these States have been granted permission by the Department of Expenditure to borrow an additional amount of Rs 15,721 cr. The additional open market borrowing permission granted is equivalent to 0.25 per cent of their Gross State Domestic Product (GSDP)

Trust between govt, industry critical to leverage opportunities created by COVID, says Finance Minister Nirmala Sitharaman

Trust between govt, industry critical to leverage opportunities created by COVID, says Finance Minister Nirmala Sitharaman

Mon, Sep 13, 2021

Elaborating on the government's strategy for handling the pandemic, the minister said that on one hand the focus is on ramping up vaccination as that was the biggest protection against the pandemic while on the other hand the government is working on ramping up health infrastructure, including in the tier 2 and tier 3 cities, by supporting the private sector

Retail inflation dips to 5.3 pc in August

Retail inflation dips to 5.3 pc in August

Mon, Sep 13, 2021

Retail inflation fell marginally to 5.3 per cent in August mainly due to easing food prices, official data showed on Monday. The retail inflation based on the Consumer Price Index (CPI) was 5.59 per cent in July and 6.69 per cent in August 2020.

Equity mutual funds see Rs 22,583-cr inflow in July supported by heavyweight NFOs

Equity mutual funds see Rs 22,583-cr inflow in July supported by heavyweight NFOs

Thu, Sep 09, 2021

Equity schemes saw net inflow of Rs 10,083 crore in May, Rs 3,437 crore in April and Rs 9,115 crore in March. Prior to this, equity schemes had consistently witnessed outflows for eight months from July 2020 to February 2021

Govt gets 61% revenue boost from excise in FY21

Govt gets 61% revenue boost from excise in FY21

Mon, Aug 02, 2021

Centre's total revenue (tax and non tax, and after adjusting state's share in central taxes) for financial year 2020-21 stood at Rs 16,32,094, crore a marginal 3.09 fall over the non-Covid year 2019-20 when total revenue stood at Rs 16,84,059 crore

GST Revenue collection for July 2021 – 33% YoY jump at Rs 116,393 cr; 51% growth for Maharashtra; 54% growth for Odisha-highest among top contributors

GST Revenue collection for July 2021 – 33% YoY jump at Rs 116,393 cr; 51% growth for Maharashtra; 54% growth for Odisha-highest among top contributors

Sun, Aug 01, 2021

Above figure includes GST collection received from GSTR-3B returns filed between 1 July 2021 to 31 July 2021 as well as IGST and cess collected from imports for the same period. Central Goods and Services Tax (CGST) stood at Rs 22,197 cr while the Goods and Services Tax (SGST) stood at Rs 28,541 crore, a government release said

U.S. budget deficit soars to USD 2.24 trn in first 9 months of fiscal year 2021

U.S. budget deficit soars to USD 2.24 trn in first 9 months of fiscal year 2021

Wed, Jul 14, 2021

Federal revenue for the nine-month period ending in June rose to 3.05 trillion dollars, while total outlays rose to 5.29 trillion dollars, driven by payments for jobless benefits and COVID-19 relief programs, according to the department

Why GST collection dipped? Check what experts say

Why GST collection dipped? Check what experts say

Wed, Jul 07, 2021

The latest dip in GST collection has come on the back of supply chain disruptions caused due to regional lockdowns, experts opined

Nitin Gadkari says GST was 'very essential', sees 'room for improvement'

Nitin Gadkari says GST was 'very essential', sees 'room for improvement'

Thu, Jul 01, 2021

With the Goods and Services Tax (GST) regime completing four years, Union minister Nitin Gadkari on Thursday said this tax reform was "very essential", while observing that there is a room for improvement in the indirect tax regime

India receives $64 bln FDI in 2020, fifth largest recipient of inflows in world: UN

India receives $64 bln FDI in 2020, fifth largest recipient of inflows in world: UN

Mon, Jun 21, 2021

India received USD 64 billion in Foreign Direct Investment in 2020, the fifth largest recipient of inflows in the world, according to a UN report which said the COVID-19 second wave in the country weighs heavily on the country's overall economic activities but its strong fundamentals provide optimism for the medium term

FinMin releases Rs 9,871 cr as revenue deficit grant to 17 states

FinMin releases Rs 9,871 cr as revenue deficit grant to 17 states

Thu, May 06, 2021

The Finance Ministry on Thursday released the second monthly instalment of revenue deficit grant of Rs 9,871 crore to 17 states. With the release of the second instalment, a total amount of Rs 19,742 crore has been released in the first two months of the current financial year as Post Devolution Revenue Deficit Grant to the states, the ministry said in a statement

Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi

Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi

Wed, Apr 07, 2021

The Monetary Policy announcements by the Reserve Bank of India (RBI) Governor Shaktikanta Das has exhibited continuity and stability with an assurance to maintain the liquidity, Market Expert Ajay Bagga said. Calling it positive for the markets, he said that the banking regulator has maintained its accommodative stance

RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged

RBI Monetary Policy Review: Shaktikanta Das led panel keeps policy rates unchanged

Wed, Apr 07, 2021

RBI Monetary Policy Review: The Reserve Bank of India (RBI) in its first by-monthly monetary policy statement of fiscal 2021-22 has kept the policy rates unchanged amid uncertainty created by a fresh surge in coronavirus infections.

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