Economy News

Revenue increase and growth recorded in Q2 FY20

India's GDP growth stands at 7.8% for first quarter of 2023-24, lesser than RBI's estimate of 8%

India's economic growth stood at 7.8 per cent in the first quarter (April-June) of the current fiscal, a steep fall from 13.1 per cent GDP growth recorded in the corresponding period of last year, according to data released by the ministry of statistics and programme implementation on Thursday.

Sep 1, 2023

India will soon be a $5 trillion economy, says PM Modi at BRICS business forum

Addressing the BRICS Business Forum Leaders' Dialogue in Johannesburg on Tuesday, Prime Minister Narendra Modi said that despite global challenges, India has emerged as the fastest growing economy and will soon become a $5 trillion economy.

Aug 23, 2023

Govt imposes 40% duty on onion export

The government on Saturday imposed a 40 per cent export duty on onion exports till December 31.

Aug 19, 2023

28% GST impact: Online poker platform Spartan Poker lays off 125 employees

After Mobile Premier League (MPL) and Hike's Rush Gaming, online poker platform Spartan Poker has reportedly become another victim of government's 28 per cent GST on online gaming.

Aug 19, 2023

Locate Your Unclaimed Bank Deposits: RBI launches UDGAM website to search at one place

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access inforMation), which would make it easier for people to search for their unclaimed deposits across multiple banks at one place.

Aug 18, 2023

India becomes 2nd biggest mobile producing country; crosses 2bn mark under "Make in India" [details]

'Make in India' mobile phone shipments crossed the 2-billion cumulative units mark during 2014-2022, registering a 23 per cent Compound annual growth rate (CAGR), latest research showed on Monday.

Aug 16, 2023

Rupee declines; Now one dollar equals Rs 83

A day before Independence Day, Indian Rupee on Monday declined below Rs 83 to an US dollar, the lowest since October 2022.

Aug 15, 2023

india forex reserves, fii buying, rbi data on foreign exchange reserves, fii debt buying, fii equity buying, indian stock markets, foreign investors in indian stock markets, pm modi, modi govt completes 3 years

India's debt rose by 174% between 2013-14 & 2022-23, external debt by 100%

Central government's debt in the last nine years has risen 174 per cent, while there has been a 100 per cent increase in external debt during the same period, i.e., between 2013-14 and 2022-23.

Aug 14, 2023

Net direct tax collections stand at Rs 5.84 lakh crore, 17% higher than last fiscal

Net direct tax collection for the current financial year are Rs 5.84 lakh crore, which are 17.33 per cent more than net collections recorded during the corresponding period of last year, the Finance Ministry said on Friday.

Aug 12, 2023

Six years of GST regime: Rs 27,426 Cr of tax evasion detected but only Rs 922 Cr recovered

In six years since the introduction of the Goods and Services Tax (GST), the government has detected 5,070 fraud cases of GST registration misusing PAN and Aadhaar details of people to claim input tax credit (ITC).

Jul 31, 2023

Non-compliance of service charge ban in Delhi attracts Rs 1 lakh penalty each on restaurant associations

The Delhi High Court has given a final chance to the Federation of Hotels and Restaurant Associations of India and the National Restaurant Association of India to file their affidavits, as per the order issued on April 12 regarding levy of service charge by their members.

Jul 28, 2023

Embracing resilience and sustainability in value chains: Building strategies for rapidly changing world

By incorporating transparent and flexible supply chain practices, investing in circular economy principles, and nurturing resilient partnerships, companies can build strategies that withstand disruptions and foster sustainability, writes Major General Dilawar Singh as he delves deep into why embracing resilience and sustainability in value chains is necessity for businesses to thrive in a rapidly changing world.

Jul 24, 2023

Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23

The Centre on Monday ratified the 8.15 per cent interest rate on deposits under the Employees Provident Fund (EPFO) scheme for 2022-23.

Jul 24, 2023

EPFO payroll data: EPFO adds 15.29 lakh net subscribers during the month of January, 2022

Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23

The central government has ratified 8.15% interest rate for EPF subscribers for 2022-23

Jul 24, 2023

A Digital Bank in Bangladesh: Opportunity and Imperative for growth of its Economy

Major General Dr Dilawar Singh shares his opinion on the opportunity and potential for setting up a new Digital Bank in Bangladesh are vast and promising. With a growing tech-savvy population, rising digital adoption, and government initiatives for financial inclusion, the market is primed for innovative digital banking solutions.

Jul 23, 2023

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Economy News

India's GDP growth stands at 7.8% for first quarter of 2023-24, lesser than RBI's estimate of 8%

India will soon be a $5 trillion economy, says PM Modi at BRICS business forum

Govt imposes 40% duty on onion export

28% GST impact: Online poker platform Spartan Poker lays off 125 employees

Locate Your Unclaimed Bank Deposits: RBI launches UDGAM website to search at one place

India becomes 2nd biggest mobile producing country; crosses 2bn mark under "Make in India" [details]

Rupee declines; Now one dollar equals Rs 83

India's debt rose by 174% between 2013-14 & 2022-23, external debt by 100%

Net direct tax collections stand at Rs 5.84 lakh crore, 17% higher than last fiscal

Six years of GST regime: Rs 27,426 Cr of tax evasion detected but only Rs 922 Cr recovered

Non-compliance of service charge ban in Delhi attracts Rs 1 lakh penalty each on restaurant associations

Embracing resilience and sustainability in value chains: Building strategies for rapidly changing world

Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23

Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23

A Digital Bank in Bangladesh: Opportunity and Imperative for growth of its Economy

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