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The revenues for February 2022 are 18 per cent higher than the GST revenues in the same month last year. (Photo: PTI/File)

GST collection up 18 per cent at over Rs 1.33 lakh crore in Feb

The February mop-up was impacted by the Omicron wave that swept through the country

01 Mar 2022 2:11 PM

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

Moody's Investors Service on Thursday raised India's growth forecast to 9.5 per cent for the calendar year 2022 and to 8.4 per cent for the coming fiscal beginning April 1. (Representational Photo:PTI)

Moody's ups India's growth forecast to 9.5% for 2022; flags high oil prices

Moody's said Goods and Services Tax (GST) collection, retail activity and Purchasing Managers' Index (PMI) suggest 'solid momentum'

24 Feb 2022 10:49 PM

The data showed that food inflation too surged to 5.43 per cent in January compared to 4.05 per cent in December. Prices of cereals, eggs and milk products rose in January compared to December, which led to a spike in retail inflation. — Representational image/AP

Inflation breaches RBI band in January

The RBI, which mainly factors in the CPI-based inflation, has been tasked to keep the inflation at 4%, with margin of 2% on either side

15 Feb 2022 9:25 AM

EPFO's apex decision-making body Central Board of Trustee will take a call on the interest rate on employees' provident fund deposits for 2021-22 in its meeting next month. (DC file photo)

EPFO to take call on interest rate for 2021-22 in March

The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by the Central Board of Trustees (CBT) in March 2021

14 Feb 2022 12:53 AM

Union Finance Minister Nirmala Sitharaman in the Rajya Sabha, during ongoing Budget Session of Parliament, in New Delhi. (Photo: PTI)

Retail inflation contained at 6.2% despite biggest contraction in economy: Sitharaman

The finance minister stated that the objective of the budget is a stable and sustainable recovery in the economy

11 Feb 2022 11:46 AM

Reserve Bank of India governor Shaktikanta Das (PTI)

RBI maintains status quo; leaves repo rate unchanged at 4 per cent

RBI retained its growth projection at 9.2 per cent and inflation at 5.3 per cent for the current financial year

10 Feb 2022 10:53 AM

Union Minister of Finance Nirmala Sitharaman with MoS Pankaj Chaudhary arrives at Parliament for the presentation of the Union Budget 2022-23, in New Delhi. (Photo: PTI/File)

India's digital currency to debut by early 2023

Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a central bank-backed 'digital rupee' soon

06 Feb 2022 11:16 AM

Sitharaman said, "Introduction of Central Bank Digital Currency (CBDC) will give a big boost to the digital economy. (PTI Photo/ Shahbaz Khan

RBI to issue Digital Rupee in FY23: Sitharaman

Digital currency will also lead to a more efficient and cheaper currency management system

02 Feb 2022 7:34 AM

The FM said that to enable affordable broadband and mobile service proliferation in rural and remote areas, five per cent of annual collections under the universal service obligation fund will be allocated. (PTI Image)

Spectrum auction, 5G services roll-out this year

The telecommunications sector in general and 5G, in particular, can enable growth and offer job opportunities, the FM said

02 Feb 2022 7:05 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

This is meant to reduce litigation, but will not provide additional refund. (Representational image: PTI)

I-T returns can be updated in two years to correct any errors

This will avoid the lengthy process of litigation if the department finds that some income has been missed out by the assesse

02 Feb 2022 2:06 AM

The 30 per cent tax with 1 per cent TDS will be a deterrent to several investors who are jumping into the crypto bandwagon. — AFP

Cryptos to stay with 30 pc tax; digital rupee next fiscal

The gift of virtual digital assets will be taxed in the hands of the recipient

02 Feb 2022 2:03 AM

ICC vice president and Nafa Capital Advisors Pvt. Ltd MD Ameya Prabhu

Budget will fast track economic recovery: ICC

The Indian Chamber of Commerce (ICC) has appreciated the growth oriented policy direction of the Union Budget

01 Feb 2022 4:47 PM

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2022-23 in the Lok Sabha, at Parliament, in New Delhi. (Photo: PTI)

Budget 2022: Highest GST collections, no tax reforms for salaried class

The finance minister began the presentation by expressing empathy to those who died due to COVID-19

01 Feb 2022 1:46 PM

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

The bad bank was envisaged by finance minister Nirmala Sitharaman in her budget speech on February1, 2021. — PTI

Decks cleared for bad bank to start

A total of 38 large stressed accounts aggregating to Rs 82,845 crore have been identified for transfer to the NARCL

29 Jan 2022 8:41 AM

Union Finance Minister Nirmala Sitharaman (PTI)

India seen boosting budget spending on infrastructure

Indian economy is estimated to expand 9.2% in this fiscal ends in March, following a contraction of 7.3% in the previous fiscal year

27 Jan 2022 10:23 AM

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman. (PTI Photo)

India's annual Budget again goes green, cuts down on printing to bare minimum

The Budget documents will be available mostly digitally, with only a handful of physical copies, officials said

26 Jan 2022 4:55 PM

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