GDP, GST, foreign reserves: What high frequency economic indicators tell us about state of India’s economy

India’s GDP at constant prices in the first half of the current financial year H1FY23 (April to September 2022) is recorded as Rs 75.02 lakh crore, which is 9.7 per…

Centre hikes windfall tax on crude oil to Rs 2,100 from Rs 1,700

India has raised windfall tax on petroleum, crude oil, and aviation turbine fuel, according to a government order dated Jan. 2. It raised windfall tax on crude oil to 2,100…

Parliament’s Budget Session to start from Jan 31, Union Budget FY24 to be presented on Feb 1: Report

The Budget Session of Parliament is likely to begin on January 31 and is expected to conclude on April 6 with a recess in between, a report said on Monday. …

Private sector gets a leg up as govt introduces National Geospatial Policy

The National Geospatial Policy, unveiled by the government asks ministries and departments, envisages to “increasingly engage” the private sector for creation and development of geospatial data required by them under…

India’s digital ad spending to hit $21 billion in the next five years

Despite muted growth in the current fiscal (FY23), owing to global macroeconomic headwinds, India’s digital ad spends are expected to reach $21 billion by FY28, according to a new report…

‘Centre’s note ban action was unlawful’: What the only dissenting SC judge said in 4-1 verdict

Justice B V Nagarathna of the Supreme Court, who gave the only dissenting verdict on demonetisation on Monday, said the scrapping of the whole series of Rs 500 and Rs…

Union Budget 2023: PM Modi to chair second national conference of chief secretaries from January 5-7

Ahead of the Union Budget 2023-24, Prime Minister Narendra Modi will chair the ‘second national conference of chief secretaries’ in the national capital next month, a senior government official has…

Union Budget 2023: PHDCCI pitches for increasing health budget by 30-40%

Industry body PHDCCI has said the health budget should be increased by 30-40 per cent as there is a growing need for health facilities and infrastructure across the country. Making…

Supreme Court dismisses petitions challenging 2016 demonetisation

The Supreme Court has dismissed the petitions against 2016’s demonetisation in a 4:1 majority judgment. While dismissing the petitions, the Supreme Court noted that demonetisation cannot be struck down merely…

Weekly Market Wrap: Indian markets ended the first week of 2023 in red terrain amid sustained selling by FIIs

Bears took control over Dalal Street and key gauges ended the first week of 2023 on a dismal note as traders remained pessimistic after US data indicated the US Federal…