Economy News

Income tax exemption limit likely to be enhanced to Rs 5 lakh in 2023-24 budget

The government is likely to enhance the income tax exemption limit to Rs 5 lakh from the existing Rs 2.5 lakh in the forthcoming budget for 2023-24, sources privy to developments said

Dec 29, 2022

Credit offtake in elevated levels: CARE Ratings

The credit offtake in India remained at elevated levels of 17.5 per cent year-on-year (YoY), reporting robust growth for the fortnight ended December 2, said credit rating agency CARE Ratings.

Dec 27, 2022

Financial literacy poor across urban, rural population in country: RBI survey

A general perception is that most of the rural population is not well-versed in digital banking in India.

Dec 27, 2022

Comptroller and Auditor General (CAG) of India

CAG report discloses irregularities in corporation tax assessments of certain 'high value' cases

The CAG recommended application of incorrect rates of tax and surcharge, errors in levy of interest, excess or irregular refunds etc. point to weaknesses in the internal controls in the ITD, which need to be addressed.

Dec 22, 2022

GST Council 48th Meeting: Small traders allowed on e-commerce platforms; Biofuel now in 5% slab

The GST Council approved the amendments allowing unregistered suppliers and composition taxpayers to make intra-state supply of goods through E-Commerce Operators (ECOs)

Dec 17, 2022

Proposed amendments to insurance laws may lead to disputes in health claims, misappropriation: Unions

The proposed amendment to the definition of health insurance business is not exhaustive and may lead to disputes at the time of claims, said four unions in the Life Insurance Corporation of India (LIC).

Dec 17, 2022

UK Economy: Massive strikes to hit Britain during Christmas season

With more than 40,000 members of the National Union of Rail, Maritime and Transport Workers (RMT) walking out for 48 hours. Three more weeks of disruption are set to follow,

Dec 17, 2022

India's growth expected to slow in 2023-24 amid indications of sharp global slowdown

India's GDP growth is on course to print close to 7 per cent this year in 2022-23, foreign brokerage, JP Morgan said in a report

Dec 16, 2022

Future of Real Estate Sector in 2023 shows positive momentum

The Indian real estate sector has remained faithful to investor expectations through the many ups and downs in the last couple of years, writes Harrish Kumar Jain, Vice President of Brihanmumbai Developers Association

Dec 15, 2022

Shrinking Economy? Japan logs trade deficit for 16th consecutive month

Japan logged a 2.03 trillion yen ($14.95 billion) trade deficit in November, a record for the month and marking the 16th straight month of red ink, amid higher energy prices and a weaker yen, the Finance Ministry said in a report on Thursday.

Dec 15, 2022

First G20 Finance, Central Bank Deputies meeting in B'luru marks a new beginning in Finance Track

The first G20 Finance and Central Bank Deputies (FCBD) meeting held successfully in Karnataka's Bengaluru on December 13-14

Dec 15, 2022

November retail inflation rate may be down; battle continues [details]

With core inflation continuing to be high, credit rating agencies like Acuite Ratings & Research and CARE Ratings do not expect any significant downtrend in the retail inflation for the next few months

Dec 13, 2022

UK economy rebounds in October; lengthy recession still looms [details]

The British economy is estimated to have grown by 0.5 per cent between September and October, statistics showed, but a lengthy recession is still expected in the UK.

Dec 13, 2022

UK trade secretary in Delhi to resume FTA negotiations

After a gap of five months, the India-United Kingdom free trade agreement (FTA) negotiations are set to resume, as UK's Trade Secretary Kemi Badenoch arrives in India on Monday to hold talks with Commerce Minister Piyush Goyal

Dec 12, 2022

Next Fed rate hike will amplify recession: Elon Musk

Twitter CEO Elon Musk on Saturday said that the next US Federal Reserve rate hike will amplify the recession

Dec 10, 2022

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Economy News

Income tax exemption limit likely to be enhanced to Rs 5 lakh in 2023-24 budget

Credit offtake in elevated levels: CARE Ratings

Financial literacy poor across urban, rural population in country: RBI survey

CAG report discloses irregularities in corporation tax assessments of certain 'high value' cases

GST Council 48th Meeting: Small traders allowed on e-commerce platforms; Biofuel now in 5% slab

Proposed amendments to insurance laws may lead to disputes in health claims, misappropriation: Unions

UK Economy: Massive strikes to hit Britain during Christmas season

India's growth expected to slow in 2023-24 amid indications of sharp global slowdown

Future of Real Estate Sector in 2023 shows positive momentum

Shrinking Economy? Japan logs trade deficit for 16th consecutive month

First G20 Finance, Central Bank Deputies meeting in B'luru marks a new beginning in Finance Track

November retail inflation rate may be down; battle continues [details]

UK economy rebounds in October; lengthy recession still looms [details]

UK trade secretary in Delhi to resume FTA negotiations

Next Fed rate hike will amplify recession: Elon Musk

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react