Economy News

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GST clocks second highest ever collection, touches Rs 1,30,127 crore in October

In October, gross GST collection was Rs 1,30,127 crore, with CGST at Rs 23,861 crore, SGST at Rs 30,421 crore, IGST at Rs 67,361 crore (including Rs 32,998 crore collected on goods imports), and cess at Rs 8,484 crore (including Rs 699 crore collected on import of goods).

Nov 1, 2021

Fuel prices on a roll, hiked again by 35 paise per litre; Mumbai petrol price at Rs 112.79 p/l, diesel at Rs 103.73

Fuel prices hiked again by 35 paise per litre today, with Mumbai reporting petrol price of Rs 112.79 per litre while diesel at Rs 103.73 a litre, the highest among all metros.

Oct 22, 2021

After pandemic, India to see salary hike at 9.3% in 2022, may become highest payer in APAC: Report

A majority (52.2 per cent) of companies in India have projected a positive business revenue outlook for the next 12 months, up from 37 per cent in Q4 2020.

Oct 20, 2021

Card Tokenization: Visa launches India's 1st card 'token' service for online platforms; What it means

Visa launches India's 1st Card-on-File (CoF) tokenization service for online platforms involving payments

Oct 6, 2021

Cooking gas price hiked by Rs.15, to cost Rs 899.50 per cylinder from today

For the fourth time in less than two months, cooking gas price has been hiked and the gas cylinder under non-subsidised category reaches Rs.899.50 per cylinder

Oct 6, 2021

Tata Sons emerge winners in bid for Air India sale, reports Bloomberg; Govt denies report

After a gap of 68 years, Tatas will once again take hold of the national carrier for the country, reported Bloomberg citing sources but the ministry has denied the report.

Oct 1, 2021

ECGC to get ₹4,400cr capital infusion over 5 years; creates jobs, boosts exports & investment [details]

Targeting a premium income of Rs 1,200 crore this year, ECGC Chairman-cum-Managing Director Senthilnathan said the investment income will be similar to last fiscal's figure of about Rs 850 crore.

Sep 30, 2021

After merger, Sony to have majority stake in ZEE Entertainment

SPNI infusing growth capital of about $1.575 billion into the newly merged entity

Sep 22, 2021

Deadline for PAN-Aadhaar linkage extended till March 2022; How to link PAN with Aadhaar Card [Explainer]

The Income-Tax department will charge a fine of Rs 10,000 in case of failure to link the PAN card with the Aadhaar card before the deadline that is extended till March 2022 now

Sep 18, 2021

GST Council Meeting: Majority opposed inclusion of petrol under GST, says FM [Full List of New Decisions]

GST Council members did not find the current stage as apt to bring petroleum products under the GST ambit, said Finance Minister

Sep 17, 2021

GST Council meeting today to decide bringing fuel prices under its tax net

GST Council to take steps to correct inverted duty structure without pursuing any increase in the GST rates or move towards converging GST to three rate structure

Sep 17, 2021

K'taka faces Rs.700 Cr deficit if petrol and diesel brough under GST, may oppose move

If petrol and diesel are brought under GST, Karnataka would face a revenue deficit up to Rs 700 crore.

Sep 16, 2021

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India's forex reserves up by over $8 bn; FDIs, healthy portfolio investments cited

India's forex reserves up by over $8 bn to reach $642.453 billion from $633.558 billion reported for the week ended August 27.

Sep 11, 2021

El Salvador adopts Bitcoin as official currency; Becomes 1st country to embrace cryptocurrency

El Salvador will accept payment in bitcoin alongside the US dollar, which has been El Salvador's official currency since 2001

Sep 8, 2021

Airport commissions second solar power plant.

Adani Green Energy raises $750 mn; to ramp up focus on ESG

Adani Green Energy Ltd (AGEL), Indias largest renewable energy company, has priced its maiden ListCo senior issuance of USD 750m through a 3 year issuance under the 144A/Reg S format, at a fixed coupon of 4.375%.

Sep 3, 2021

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