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GST revenues rise 11% to Rs 1.46 lakh cr in Nov

GST revenues rise 11% to Rs 1.46 lakh cr in Nov

GST revenues rose by 11 per cent to about Rs 1.46 lakh crore in November over the year-ago period, the Finance Ministry said on Thursday. This is the ninth straight month when collections from Goods and Services Tax (GST) has remained above Rs 1.40 lakh crore. The gross GST revenue collected in the month of [...]
India’s GDP growth slows to 6.3% in Q2

India’s GDP growth slows to 6.3% in Q2

India's economic growth slowed to 6.3 per cent in the September quarter of 2022-23 compared to 13.5 per cent in the preceeding three months mainly on account of contraction in output of manufacturing and mining sectors, according to government data released on Wednesday. Slower GDP expansion nothwithstanding, India continues to remain the fastest-growing major economy [...]
Most rated Indian cos can withstand a weaker rupee: Moody’s

Most rated Indian cos can withstand a weaker rupee: Moody’s

Most rated companies in India can withstand a weaker rupee, although external factors like rising interest rates in developed economies and higher energy prices would increase currency volatility, Moody's Investors Service said on Tuesday. In a commentary on non-financial companies in India, Moody's said on November 25, the Indian rupee touched 81.67 versus the US [...]
Govt lifts ban on exports of organic non-basmati rice

Govt lifts ban on exports of organic non-basmati rice

The government on Tuesday lifted the ban on exports of organic non-basmati rice, including broken rice after the easing of domestic supplies moderated prices. The government had, in early September, banned the export of broken rice with an aim to increase domestic availability. This followed a 20 per cent duty on the export of non-basmati [...]
Rupee gains 8 paise to 81.60 against US dollar

Rupee gains 8 paise to 81.60 against US dollar

The rupee appreciated 8 paise to 81.60 against the US dollar in early trade on Tuesday as foreign capital inflows and a firm trend in the domestic equity market boosted investor sentiments. Besides, a weak American currency in the overseas market helped the local unit, forex dealers said. At the interbank foreign exchange, the domestic [...]
Rupee gains 8 paise to 81.60 against US dollar

Rupee slips 6 paise to 81.77 against US dollar

The rupee depreciated 6 paise to 81.77 against the US dollar in early trade on Monday, tracking a lacklustre trend in domestic equity markets and a firm American currency overseas. However, lower crude prices in the international market and fresh foreign fund inflows restricted the rupee’s fall, forex dealers said. At the interbank foreign exchange, [...]
Indian pharma exports rise by 4.22% to USD 14.57 billion during April-Oct in current fiscal

Indian pharma exports rise by 4.22% to USD 14.57 billion during April-Oct in current fiscal

Pharmaceutical exports from India registered a growth of 4.22 per cent to reach USD 14.57 billion during the April-October period despite a negative trend last month, according to a senior official of an export promotion body under Government of India. Udaya Bhaskar, Director General of Pharmaceuticals Export Promotion Council of India (Pharmexcil) which is an [...]
Gold imports fall 17% in Apr-Oct to USD 24 bn

Gold imports fall 17% in Apr-Oct to USD 24 bn

Gold imports, which have a bearing on the current account deficit, declined 17.38 per cent to about USD 24 billion during April-October due to fall in demand, according to the data of the commerce ministry. Imports of the yellow metal stood at USD 29 billion in the corresponding period of 2021-22. The imports during October [...]