New Delhi, Mar 14 (PTI) Finance Minister Nirmala Sitharaman on Monday presented a Rs 1.42-lakh-crore budget for Jammu and Kashmir for the year 2022-23 in Lok Sabha, amid opposition accusations that the government was rushing the proposals through Parliament. Sitharaman also presented the supplementary demands for the year 2021-22 totalling Rs 18,860.32 crore for the [...]
New Delhi, Mar 14 (PTI) Retail inflation inched up to an eight-month high of 6.07 per cent in February, remaining above the RBI's comfort level for the second month in a row, mainly on account of a rise in food prices, official data showed on Monday. The Consumer Price Index (CPI) based retail inflation was [...]
New Delhi, Mar 14 (PTI) India, the world's third-largest energy-consuming and importing nation, is pinning hope on resumption of crude oil supplies from Venezuela and Iran as well as higher production from OPEC+ nations to help cool international oil prices that have hit multi-year highs. It will also evaluate the Russian offer to sell crude [...]
New Delhi, Mar 14 (PTI) India's edible oil imports rose 23 per cent to 9,83,608 tonnes in February mainly due to a sharp rise in shipments of refined palm oil, industry body SEA said on Monday. Edible oil imports stood at 7,96,568 tonnes in the same month last year. Total import of vegetable oils (edible [...]
New Delhi, Mar 14 (PTI) Bank frauds over the last five years have come down drastically to Rs 648 crore in first nine months of 2021-22, on the back of structural and procedural reforms to check such incidents, Parliament was informed on Monday. In 2016-17, bank frauds stood at Rs 61,229 crore, which declined to [...]
Amid skyrocketing oil prices, Union Minister Hardeep Singh Puri on Monday said the government will take all required measures in the coming months to ensure that consumers get relief from high fuel prices. Replying during the Question Hour in the Rajya Sabha, the Minister of Petroleum and Natural Gas also shared that a proposal to [...]
New Delhi, Mar 14 (PTI) Airline industry that suffered heavy losses during the Covid pandemic is returning to pre-Covid levels, and has recorded a traffic of 3.8 lakh passengers per day, Civil Aviation Minister Jyotiraditya Scindia informed the Rajya Sabha on Monday. Replying to supplementaries during Question hour, the minister said the civil aviation sector [...]
New Delhi, Mar 14 (PTI) Many states have requested extension of the compensation mechanism under the GST beyond June 2022, Finance Minister Nirmala Sitharaman said on Monday. Under the Goods and Services Tax (GST) law, states were guaranteed to be compensated bi-monthly for any loss of revenue in the first five years of GST implementation [...]
New Delhi, Mar 14 (PTI) The Enforcement Directorate is investigating seven cases in which cryptocurrency has been used for money laundering and has so far attached proceeds of crime worth Rs 135 crore, Parliament was informed on Monday.Law enforcement agencies have flagged usage of cryptocurrency by cybercriminals and cases investigated by the ED under the [...]
Colombo, Mar 14 (PTI) Sri Lanka’s ongoing forex crisis will further hit its tourism industry as the UK and Canada have warned their travellers to be aware of the current economic situation in the island nation. According to a latest advisory issued by the British government, the economic situation is deteriorating in Sri Lanka with [...]
