New Delhi: Goods and Services Tax collections grew 10 per cent to Rs 1.73 lakh crore in May driven by an increase in domestic transactions, indicating a sustained economic momentum. The collections, however, stood lower than the highest-ever mop-up of Rs 2.10 lakh crore recorded in April. “The gross Goods and Services Tax (GST) revenue…
New Delhi: Moody’s Ratings on Friday projected India to grow 6.8 per cent in the current year, followed by 6.5 per cent in 2025, on the back of strong, economic expansion, along with post-election policy continuity. India’s real GDP grew 7.7 per cent in 2023, up from 6.5 per cent in 2022, driven by robust…
New Delhi: S&P Global Ratings on Wednesday revised outlook on six Indian banks, including SBI and ICICI Bank to positive from stable, mirroring the rating action on the sovereign. S&P also revised the rating outlook to positive from stable on state-owned NTPC, ONGC, and Power Grid and affirmed ‘BBB-‘ issuer and issue ratings on these…
Kozhikode (Kerala): Senior Congress leader P Chidambaram on Tuesday said the various welfare schemes and policies in the country are “not pivoted to the poor”. Chidambaram said an egalitarian society can be created only if the schemes and policies are oriented towards the poor. The former union minister was speaking on the topic ‘Inclusive Growth:…
New Delhi: The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. Last…
Panaji (Goa): The Indian Single-malt whiskies continue to make headlines as the fastest-growing beverage alcohol category. India remains a key market for high-end spirits–especially Indian single-malt whiskies–the country’s luxury market leadership could soon become strong with more international markets savouring this fine spirits. Goa based luxury spirits company–Imperial Distillers (Cheers group) the producers of globally…
Chennai: Shreyas Iyer-led teams have reached IPL final two times in the last four years. But the Kolkata Knight Riders skipper has little qualms about not being celebrated enough as a leader and ceding spotlight to their mentor Gautam Gambhir. Iyer had led Delhi Capitals to the IPL title clash in 2020 before guiding KKR…
New Delhi, May From employment, inflation, better roads infrastructure, clean drinking water, women safety, education, health care services to corruption free India myriad of issues dominated the minds of voters when they stepped out to exercise their franchise. A two way fight between the BJP and an alliance between the Congress and the A as…
New Delhi: In an interesting move, the Spreme Court on Friday deferred the hearing of an application that sought directives for the Election Commission of India (ECI) to disclose booth-wise absolute voter turnout numbers and upload Form 17C records of votes polled on its official website. This application was brought forward by the Association for…
Mumbai: India can get ‘rating support’ over time if it utilises the highest-ever dividend of over Rs 2 lakh crore received from the Reserve Bank to reduce fiscal deficit, said an S&P Global Rating analyst on Thursday. The RBI board has decided to pay a record Rs 2.1 lakh crore dividend to the government for…
