Australia will replace the portrait of Queen Elizabeth II from its A$5 currency note with a new design to reflect and honour the history of its Indigenous culture, the country’s…
Category: Economy
Mukesh Ambani is back as the richest Asian; Adani’s fortunes take a hit after Hindenburg report
Gautam Adani has slipped in the world top billionaires ranking and is no longer the richest Asian. He has now slipped below his rival, Mukesh Ambani, who has again taken…
Budget 2023: Nirmala Sitharaman’s ‘middle-class bonanza Budget’ draws mixed reactions from political leaders
Finance Minister Nirmala Sitharaman delivered the Narendra Modi 2.0 government’s final complete Budget before the 2024 Lok Sabha elections. Following the adjournment of the Lok Sabha, or Lower House, of…
Budget 2023: FM Sitharaman announces import duty cut on raw materials for lab-grown diamonds
Lab-grown diamonds (LGD) are likely to become cheaper with the reduction of customs duty on LGD seeds to zero from 5 per cent in Budget 2023. Finance Minister Nirmala Sitharaman…
India likely to become a $7 trillion economy by 2030, says CEA Nageswaran
India is expected to become a $7 trillion economy by 2030, Chief Economic Advisor V Anantha Nageswaran predicted on Tuesday. He said the country’s GDP size is likely to be…
GST collection at nearly Rs 1.56 lakh crore in January, second highest ever
India saw its second highest ever Goods and Services Tax (GST) collection in January 2023 at nearly Rs 1.56 lakh crore, said Ministry of Finance on Tuesday a 24% increase…
Core sector growth at 3-month high of 7.45% in Dec
Production of eight infrastructure sectors rose at a three-month high of 7.4 per cent in December 2022 against 4.1 per cent in the same month of previous year on a…
Fiscal deficit for April-December period widens to Rs 9.9 lakh crore
The Centre on Tuesday said that the fiscal deficit touched 59.8 per cent of the full year Budget Estimate by the end of December, as per the data released by…
Economic Survey 2023: UPI accounted for 52% of total digital transactions in FY22
The Economic Survey 2023 stated that Unified Payments Interface (UPI) accounted for 52 per cent of the total 8,840 crore financial digital transactions in FY22. The adoption of UPI has…
Economic Survey 2023: Private consumption edges up; highest since FY15 across H1
Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2022-23 in Parliament on Tuesday. According to the Survey, India’s economic growth in FY23 has been principally led by private consumption…