Punjab Finance Minister Harpal Singh Cheema on Thursday said Goods and Services Tax (GST) collection has increased by 24.5 per cent year-on-year to Rs 11,967.76 crore in April-November this fiscal. Cheema said the total revenue from GST during the first eight months of 2021-22 was Rs 9,612.6 crore, whereas the total collection from April to [...]
Equity benchmarks Sensex and Nifty began the last trading day of this year on a positive note, helped by significant buying in metal and power stocks amid an overall firm trend in global equities. Continuing its previous day's rally, the 30-share BSE Sensex climbed 257.05 points to 61,390.93 in initial trade on Friday. The broader [...]
Evacuation of coal from Talcher coalfields in Odisha’s Angul district is set to get a boost with the inauguration of the Rs 300-crore Angul-Balram rail link on Thursday. The project, inaugurated by Union Coal and Mines Minister Pralhad Joshi, in the presence of his cabinet colleagues Dharmendra Pradhan and Ashwini Vaishnaw, is likely to enable [...]
Amid global shocks and challenges, the Indian economy presents a picture of resilience and the regulators are ready to take appropriate actions to preserve financial stability, RBI Governor Shaktikanta Das said on Thursday. In his foreword to the 26th Financial Stability Report (FSR), Das said the international economic order stands challenged and financial markets are [...]
The RBI on Thursday said banks' gross NPA ratio has fallen to a sever-year low of 5 per cent and the banking system remains sound and well-capitalised. In the 26th issue of the Financial Stability Report (FSR), the RBI also said the global economy is facing formidable headwinds with recessionary risks looming large. The interplay [...]
Karnataka Chief Minister Basavaraj Bommai on Thursday said the State government is bringing in fiscal discipline by restricting deficit to Rs 62,000 crore. The deficit of Rs 62,000 crore is only 2.82 per cent of the Gross State Domestic Product (GSDP), Bommai said adding that the Centre has permitted the fiscal deficit up to 3.5 [...]
The country's current account deficit widened to 4.4 per cent of the GDP in the quarter ended September, from 2.2 per cent GDP during the April-June period, due to higher trade gap, as per data released by the Reserve Bank on Thursday "India's current account balance recorded a deficit of USD 36.4 billion (4.4 per [...]
Minister for Chemicals and Fertilisers Mansukh Mandaviya on Thursday stressed on the need to promote nano liquid urea in place of conventional granular urea, saying that it is better, cheaper, convenient and will help the government in saving a huge amount of subsidy. In June 2021, cooperative IFFCO launched nano urea as an alternative to [...]
Equity benchmarks closed in the positive territory after trading lower for most part of the session on Thursday on fag-end buying in telecom, banking and metal stocks amid expiry of monthly derivative contracts. The 30-share BSE Sensex climbed 223.60 points or 0.37 per cent to settle at 61,133.88. During the day, it had declined 431.22 [...]
The wave of consolidation is likely to hit the shores of the country's fast-growing retail industry next year also as larger players seek to strengthen their footprints, leverage technologies to improve efficiency and expand beyond metros. While the growth prospects are promising, the industry is entering 2023 with "cautious optimism" amid inflationary headwinds and concerns [...]
