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Sunday, Sep 25, 2022
Goods and Services tax (GST), Gross Goods and Services Tax, August GST mop-up rises, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

August GST mop-up rises 28% to Rs 1.43 lakh crore

September 2, 2022 2:42:23 am

Revival in consumption, high inflation rate and partial impact of the rate hike decisions taken in the 47th GST council meeting — which came into effect from July 18 — along with broader economic recovery supported the increase in GST revenues.

GST mop up rises 28% in August to Rs 1.43 lakh crore

September 1, 2022 1:11:54 pm

GST collection has remained over the Rs 1.4-lakh-crore mark for the sixth straight month in August.

india manufacturing pmi

India’s August manufacturing growth continues to trend higher on strong demand, easing inflation concerns: PMI

September 1, 2022 12:21:11 pm

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) was little changed from July's reading of 56.4, posting 56.2 in August.

First-quarter GDP up 13.5%, lower than RBI estimate

September 1, 2022 7:21:31 am

Household spend, investment spur fastest y-o-y growth in four quarters

capital expenditure, Fiscal deficit, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Fiscal deficit at 20.5% of BE; July sees surplus

September 1, 2022 2:26:05 am

Meanwhile, as per a PTI report, Finance Secretary TV Somanathan said the Goods and Services Tax (GST) collection in August is likely to be in the range of Rs 1.42-1.43 lakh crore, or about 27 per cent more than in August 2021.

India's GDP | Gross Domestic Product | GDP data for Q1

India’s Q1 GDP Data: Economy grows 13.5% in Q1 of 2022-23

August 31, 2022 6:24:53 pm

India's Q1 GDP Growth Data to Release Today, GDP data for April-June 2022 Quarter: India's gross domestic product (GDP) rose 13.5 per cent during the April-June (Q1) period of financial year 2022-23.

Bibek Debroy, ISI Convocation, Covid-19 pandemic, West Bengal, Kolkata, West Bengal news, Kolkata news, India news, Indian Express News Service, Express News Service, Express News, Indian Express News

Need 8-8.5% growth to be higher income nation by 2047: Bibek Debroy

August 31, 2022 2:57:43 am

“Even if you have relatively conservative real rates of growth of 7-7.5 per cent, we will get to a per capita income of about $10,000 by 2047,” he said.

Led by base effect & services pickup, Q1 GDP growth seen in double digits

August 31, 2022 11:32:20 am

Though economic growth is expected to increase, most economists have kept their estimates lower than the 16.2 per cent estimate of the Reserve Bank of India (RBI).

Not yet time to drop caution on growth front, says Sitharaman

August 26, 2022 8:02:54 pm

The Union Minister also hinted at sustained support to exports, as “these are facing external headwinds” and steps to attract more foreign investment.

Nirmala Sitharaman, FE Best Banks Awards, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

FM chief guest at FE Best Banks Awards

August 26, 2022 3:22:05 am

The FE Best Banks Awards will honour standout performances across banks, NBFCs, SFBs and fintechs under challenging circumstances. The awards will also celebrate the success of individuals who have showed that they are a cut above the rest and can take on any challenge.

Narendra Modi, more women in labourforce, labourforce, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Flexible workspaces, hours: PM for more women in labourforce

August 26, 2022 3:12:25 am

On the proposed four labour codes, the Prime Minister said in the last eight years his government has taken the initiative to abolish various laws dating back to the colonial era, which also reflected the ‘slave mentality’.

Labour code rules, National Labour Conference of labour, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Most states ready, staggered rollout of labour codes likely

August 25, 2022 9:09:07 am

Consensus with industry on allowances being capped at 50% of total salary

Inflation to ease to 4% in two years after peaking, says Shaktikanta Das

August 23, 2022 3:33:56 pm

“Inflation has peaked and price gains are getting anchored,” Das said in an interview with television channel ET Now on Tuesday, adding that the central bank is watching every incoming data and there’s “no room for complacency.”

Inflation, inflation rate, emerging market economies, crude oil prices, natural gas price, Business news, Reserve Bank’s monetary policy, Indian express business news, Indian express, Indian express news, Current Affairs

Finance Ministry Monthly Economic Review | Growth, inflation & external balance: ‘India better placed’

August 21, 2022 8:36:03 am

The report added that global investor confidence in India’s economic landscape is further endorsed by net foreign direct investment inflows remaining robust at $13.6 billion in Q1 of FY23, against $11.6 billion in the corresponding year-ago period.

India better placed on growth-inflation-external balance triangle: FinMin report

August 19, 2022 10:36:15 pm

On the price situation, the review said in absence of any further shocks, the downward movement of global commodity prices along with the RBI's monetary measures and the government's fiscal policies are expected to cap inflationary pressures in the coming months.

MPC members for front-loading of rate hikes, show minutes

August 20, 2022 1:02:17 am

At its meeting from August 3 to 5, MPC decided to increase the benchmark lending rate by 50 basis points to 5.40 per cent with a view to tame inflation.

Gold imports up 6.4% to $13 billion in April-July this fiscal

August 19, 2022 12:41:48 pm

Increase in gold and oil imports during the first four months of this fiscal contributed to a record trade deficit of USD 30 billion, against USD 10.63 billion in April-July 2021.

CPI inflation

Inflation target breach: RBI committee will meet to draft report for Govt

August 19, 2022 11:18:40 am

In eight years, this will be the first time the RBI would have let retail inflation slip beyond the upper tolerance limit of 6 per cent for three straight quarters.

Goods and Services tax (GST), Central Board of Indirect Taxes and Customs (CBIC), GST rules, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

GST rules on summoning of CMDs, CEOs tweaked

August 19, 2022 2:28:17 am

The guidelines also provided a checklist for the officers wanting to arrest an alleged GST offender. The list includes questions such as whether the alleged offender is likely to tamper with evidence or intimidate witnesses, and if the person is the mastermind of the offence committed.

Reserve Bank of India, Indian rupee, trade deficit, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Elevated inflation warrants appropriate policy response, says RBI article

August 18, 2022 7:00:13 pm

Retail inflation based on the consumer price index (CPI) softened to 6.71 per cent in July, mainly on account of moderation in food prices.

WPI Inflation | WPI Inflation India | India Wholesale Price Index (WPI) | India's WPI Inflation

WPI Inflation India, July 2022: India’s wholesale inflation eases to 13.93% in July, govt data shows

August 16, 2022 1:24:26 pm

WPI Inflation July 2022, India's WPI Inflation: The wholesale price index (WPI) had spiked to 15.18 per cent in June and it rose to 16.63 per cent in May, the data from the Ministry of Commerce & Industry showed.

trade deficit, oil imports, crude oil imports, commerce ministry, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Trade deficit almost triples to record $30 billion on oil imports

August 15, 2022 6:28:16 am

Exports rise 2.1% in July while imports surge 43.6%

National Statistical Office, Reserve Bank of India, Inflation, inflation rate, consumer price inflation, Business news, Indian express business news, Indian express, Indian express news, Current Affairs

Easing inflation, robust industrial output signals uptick in growth

August 15, 2022 6:28:14 am

CPI down TO 6.7% in July, IIP up 12.3% in June; manufacturing, which accounts for three-fourth of IIP, rose 12.5% in June

CPI | IIP | CPI Inflation Rate | IIP Growth Rate | India CPI Inflation Rate July | IIP Growth Rate June | CPI IIP Rate in India

CPI Inflation Rate July, IIP Growth Rate June 2022: Retail inflation eases to 5-month low of 6.71% in July, IIP grows 12.3% in June

August 12, 2022 6:12:03 pm

CPI Inflation Rate July, IIP Growth Rate June 2022 Updates: The retail inflation, measured by the Consumer Price Index (CPI), eased to 6.71 per cent in July. Separately, the factory output, measured in terms of the Index of Industrial Production (IIP), grew by 12.3 per cent in June.

inflation, retail inflation, wholesale inflation

India’s retail inflation likely eased in July, still far from RBI’s target: Report

August 12, 2022 10:34:56 am

The Aug. 2-9 Reuters poll of 48 economists showed inflation, as measured by the consumer price index (CPI), likely fell to an annual 6.78% in July, a five-month low, from 7.01% in June.

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