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…
Category: Economy
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…
‘Entire world is looking at India’s Budget,’ says PM Modi ahead of Budget session
Prime Minister Narendra Modi, ahead of the Economic Survey, said that the entire world is looking at India’s Budget. Finance Minister Nirmala Sitharaman will table the Union Budget 2023-24 on…
IMF expects Indian economy to grow at 6.1% in 2023 vs 6.8% in 2022
The International Monetary Fund (IMF) said that it is expecting some setbacks for the Indian economy next fiscal and pegged the growth rate to 6.1 per cent in 2023, down…
Hyderabad: Indigenously developed 1 ton/day PCB Recycling facility inaugurated at C-MET
India generates around 3.2 million tons per year of electronic waste, which contains many precious materials like gold, palladium, silver etc. in addition to hazardous materials that can cause irreparable…
Policy agreement on cryptocurrency assets soon: Finance Ministry sources
India is likely to have clarity on the legality of cryptocurrency as the government has finalised a report that has been submitted to the Financial Stability and Development Council (FSDC).…
India raises Rs 8,000 cr from maiden green bond sale
India’s first sovereign green bond issue was mostly subscribed by local banks and insurance companies, with limited interest from foreign investors, market participants said. New Delhi raised Rs 8,000 crore…