Economic & Finance News
All contractors or suppliers registered as micro, small and medium enterprises (MSME) with the Ministry of MSME as on March 31, 2022, would be eligible to claim a refund of… [...]
India will not overhaul its Goods and Services Tax (GST) regime in the next fiscal year, a senior official said on Monday, delaying a move it has been considering for… [...]
Of 39 economists who responded, 34 said the government could achieve Finance Minister Nirmala Sitaraman's borrowing target for the 2023/24 fiscal year, 5.9% of gross domestic product (GDP). That would… [...]
The top bureaucrat in the finance ministry said the decision to revise the ceilings will come at a cost as the government can raise funds at a cheaper rate compared… [...]
The Department of Investment and Public Asset Management or DIPAM secretary Tuhin Kanta Pandey termed the FY24 budgeted estimate for disinvestment receipts as "realistic" and said it was based on… [...]
"I would also like to point out that the savings through tax exemptions is actually a very small portion of the total savings of our country, which are about Rs… [...]
The FM said it is proposed to levy a Social Security Cess on Indian Made Foreign Liquor (IMFL) and on the sale of petrol and diesel as the commitment to… [...]
Union Budget 2023: The revised new tax regime offers a higher tax exemption, raises the threshold for tax rebate and reduces the surcharge for the super rich. Revenue Secretary Sanjay… [...]
He said it is for regulators, markets and the company to address the issue. "The government does not concern itself with the fortunes of individual private sector companies," Somanathan told… [...]
India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies. At that time, export duties of Rs… [...]
We are one of the lowest in the world. The UK spends 73 paise, Japan 174 paise, Germany 135 paise, Canada 150 paise, France 111 paise. The USA is the… [...]
Finance Minister Nirmala Sitharaman in her fifth straight budget has raised the capital expenditure by 33 per cent to Rs 10 lakh crore for infrastructure development for 2023-24, and announced… [...]
Monthly GST collection is expected to average around Rs 1.50 lakh crore and it will be the 'new normal' in FY24 in view of concerted efforts to check evasion and… [...]
NBFCs operating in the gold loan, auto finance and other segments feel that the announcements made in the budget for growth and development of the agriculture sector, fisheries, animal husbandry… [...]
Laws governing the financial sector are set for an overhaul as the government pushes regulators and itself to accommodate the growing demands of the country that is racing towards a… [...]
Market News
The viral success of ChatGPT has turned the spotlight on AI on Wall Street, reminiscent of the blockchain hype from a few years ago when shares of companies remotely associated… [...]
The company has also appointed a new chief financial officer in Shinu Mathai who will take over the position from March 1. Apart from the role of CFO, Mathai will… [...]
Its net interest income rose by 38% at Rs 567 crore. Total income grew by 32% at Rs 910 crore. Impairment of financial instruments dipped by 24% at Rs 89.4… [...]
Expectations of high rates for a protracted period dragged Wall Street's main indexes down on Monday. But, all three major averages are in the black for 2023, with the Nasdaq… [...]
The Australian dollar earlier bolted higher after its central bank reiterated further increases would be needed, while the yen gained after an unusually strong Japanese wage data [...]
The board, at its meeting today, approved allotment of 16,133,184,899 equity shares of face value of Rs 10 each at an issue price of Rs 10 per share, aggregating Rs… [...]
Virtue of spending meticulously, in pockets which provide maximum multiplier is something the FM has shown in Budget 2023, just like the careful spending towards pandemic led stimulus a couple… [...]
The volatility gauge ending lower in trade is another indication that traders haven’t taken any aggressive bets in the run-up to the policy. India VIX, often termed as the ‘fear… [...]
Traders are speculating that the central bank would push the benchmark rate to 5.1% in June, levels that policymakers have backed vociferously [...]
Along with the divestment decision, the board has also approved and released third quarter results of BSE. The company's consolidated net profit fell 15% to Rs 52 crore in the… [...]