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Finance Minister Nirmala Sitharaman chairs her first pre-budget 2023 consultation with the first group of captains from industry and experts of infrastructure and climate change, in New Delhi, Monday, Nov. 21, 2022. Union MoS for Finance Bhagwat Kishanrao Karad and Pankaj Chaudhary are also seen. (PT)

India Inc. wants I-T cuts, focus on job creation, tax slabs

CII asks the government to lower income tax rates to help revive consumption demand

22 Nov 2022 6:51 AM

The applicant has alleged that dumping of the machines is impacting domestic industries. — Representational Image/PTI

Anti-dumping probe into laser machines

The move comes after receiving a complaint made by a domestic player Sahajanand Laser Technology

04 Oct 2022 10:00 AM

While the Adani group bought spectrum in the 26 GHz band, which is not for public networks, Jio acquired spectrum across several bands, including the coveted 700 MHz band that can provide 6-10 km of signal range and forms a good base for fifth generation or 5G in all 22 circles in the country. — Twitter

5G Auction: Record Rs 1.5 lakh cr bids; Jio top bidder

Mukesh Ambani’s Reliance Jio acquired close to half of all the airwaves sold in the latest auction for Rs 88,078 crore

02 Aug 2022 12:48 AM

The move by the government aims at not only improving the quality of BSNL services and de-stressing the balance sheet, but also to expand the fibre reach of the company. (Representational image: PTI file)

Cabinet approves 1.64L-crore plan to revive BSNL

The government is also approving sovereign guarantee bond issuance for the cash-crunched BSNL to repay its bank loans

28 Jul 2022 7:42 AM

The government has been focusing on increasing capital expenditure to push economic growth to revive economic recovery, especially after the Covid 19 pandemic. — PTI Image

FM: Public capex key to India’s long-term growth

Nirmala Sitharaman on Friday said that India's long-term growth prospects were embedded in public capital expenditure programmes

16 Jul 2022 12:35 PM

Finance Minister Nirmala Sitharaman chairs the GST Council meeting, in Chandigarh, Tuesday, June 28, 2022. (PTI Photo)

GST Council puts off compensation decision till August

A final decision is likely to be taken at the next meeting of the council in the first week of August

30 Jun 2022 1:27 AM

The ministry also said that the nominal GDP, or GDP at current prices not adjusted for inflation, in the year 2021-22 is estimated to attain a level of Rs 236.65 lakh crore as against Rs 198.01 lakh crore in 2020-21, showing a growth rate of 19.5 per cent. — Representational image/By arrangement

Indian GDP grew 8.7% in FY22

Growth in the January-March period was slower than in the previous October-December quarter of 2021-22 at 5.4 per cent

01 Jun 2022 7:26 AM

8.7 per cent growth in GDP in FY2022, Q4 dips to 4.1 per cent

Indian economy expanded at 8.7 per cent pace for the financial year 2021-22 against a contraction of 6.6 per cent in FY21

01 Jun 2022 12:53 AM

Analysts fear that with such hike in overall inflation, not only in food prices but also in global fuel prices, would be reflected in the April 2022 numbers. — Representational image/DC

Retail inflation in March nears 7%

As the data, the prices of palm oil, the world's most consumed vegetable oil, surged nearly 50 per cent this year

13 Apr 2022 9:31 AM

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the second part of Budget Session of Parliament, in New Delhi, Friday, March 25, 2022. (PTI photo)

Lok Sabha passes Finance Bill

The Union Budget 2022-23 had proposed taxing crypto assets at the rate of 30 per cent, effective from April 1

26 Mar 2022 1:11 AM

As per the ministry's data, the GDP at constant (2011-12) prices in Q3 of 2021-22 is estimated at Rs 38.22 lakh crore against Rs 36.26 lakh crore in Q3 of 2020-21, showing a growth of 5.4 per cent. (Representational Image/ PTI)

India registers 5.4 per cent economic growth in Q3

The loss of momentum in GDP growth in the third quarter was mainly due to the waning of the favourable base effect

01 Mar 2022 6:55 AM

Oil bill to exceed $100 bn this fiscal

The country's import dependence has increased this fiscal owing to a steady decline in domestic output

28 Feb 2022 3:00 AM

Union Finance Minister Nirmala Sitharaman holds a folder-case containing the Union Budget 2022-23 as she poses for a photograph with the Finance Ministry officials, outside the North Block, in New Delhi, Tuesday, Feb. 1, 2022. (PTI Photo/Shahbaz Khan)

FM presents 'amrit kaal' Budget; gives 'booster shot' for growth, big digital push

35 per cent more money to create infra; greater focus on tech on road to India@100

02 Feb 2022 6:44 AM

Union Finance Minister Nirmala Sitharaman during a pre-Budget photo session, on the eve of presentation of Budget 2022-23 in the Parliament, in New Delhi, Monday, Jan. 31, 2022. (PTI Photo/Manvender Vashist)

Survey projects 8-8.5 per cent growth in GDP next fiscal; by 9.2 % cent this year

Services sector worst hit by COVID-19 pandemic; agriculture the least affected

31 Jan 2022 3:06 PM

Tata Sons Chairman N. Chandrasekaran called on Honourable Finance Minister Nirmala Sitharaman today. He thanked her for the successful closure of the Air India transaction. (Photo: Twitter)

Air India back with Tatas

Ratan Tata vows to restore image of airline

28 Jan 2022 12:49 AM

The conversion will lead to dilution of the holdings of all the existing shareholders of the firm, including the promoters. Post-conversion, it is expected that the government will hold around 35.8 per cent of the total outstanding shares of the company, and that the promoter shareholders would hold around 28.5 per cent (Vodafone Group) and 17.8 per cent (Aditya Birla Group), respectively. — DC Image

Government to be largest shareholder in Vi

The company informed telecom department that it would opt for converting the interest on spectrum and AGR dues into government equity

12 Jan 2022 10:22 AM

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman gestures during a news conference after the 46th GST Council meeting, in New Delhi, Friday, Dec 31, 2021. (PTI Photo/Kamal Kishore)

GST council puts off rate hike on textiles

The matter has been referred to the tax rate rationalisation committee and it will be discussed again at the next meeting of the council

01 Jan 2022 7:13 AM

Dey also introduced a new concept of business development officers (BDO), by which 50 per cent officials will focus on marketing the insurer's products. — orientalinsurance.org.in

Oriental weighs options in resizing network

OIC CMD Anjan Dey asked the officers to identify profitable products and lines of business, besides improving the claim settlement ratio

10 Dec 2021 9:07 AM

Union Finance Minister Nirmala Sitharaman — PTI

Crypto bill to be tabled after cabinet nod: FM

This is a risky area and not in a complete regulatory framework. No decision was taken on banning its advertisements

01 Dec 2021 10:49 AM

The manufacturing sector, which contracted by 1.5 per cent in Q2 FY21, staged a robust comeback with a growth of 5.5 per cent in the second quarter. (Representational Photo:AFP)

GDP grows 8.4% in Q2 amid positive signals in economy

The official data Tuesday also showed that the economy has surpassed the pre-Covid level

01 Dec 2021 1:43 AM

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