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Economy

The Union Minister, known for his no-nonsense approach, was in a conversation with BT TV Managing Editor Siddharth Zarabi at the BT Budget 2023 Roundtable. 

Delhi to Dehradun in 2 hours! Nitin Gadkari gives a sneak peek into future travel-time between Indian cities

Feb 06, 2023

BT Budget 2023 roundtable: Nitin Gadkari said that commuters will avoid taking short-distance flights with the improvement in road connectivity. 

Iran was swept by protests following the death of a young Iranian Kurdish woman in the custody

Plea seeking review of verdict on demonetisation filed in SC

Feb 05, 2023

A five-judge Constitution bench, in a 4:1 majority verdict, on January 2 had given its stamp of approval, saying the decision-making process was neither flawed nor hasty.

The DA hike will be effective from January 1, 2023.

Good news for central govt employees! Dearness allowance likely to be hiked by 4%

Feb 05, 2023

The dearness allowance for employees and pensioners is decided on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month.

The estimated revenue for 2023–24 is Rs 3.39 lakh crore.

Government increases windfall gains tax on crude, diesel and ATF

Feb 04, 2023

The new figures indicate that the levy on crude oil will rise from the previous Rs 1,900 per tonne to Rs 5,050 per tonne. The tax on diesel will rise from Rs. 5 per litre to Rs. 7.5 per litre.

"The 49th meeting of the GST Council is scheduled to be held at New Delhi on February 18, 2023," the GST Council said in a tweet on Friday.

GST Council to meet on Feb 18

Feb 04, 2023

"The 49th meeting of the GST Council is scheduled to be held at New Delhi on February 18, 2023," the GST Council said in a tweet on Friday.

India remained 'an absolutely well governed' country and a 'very well-regulated financial market', Sitharaman told a news channel

FM Sitharaman says both LIC and SBI have their exposure to Adani Group 'well within permissible limits'

Feb 03, 2023

Sitharaman said it was unexpected that the controversy around Adani Group would affect investors’ confidence

Growing difference between Adani and Ambani's net worth

The growing gulf between the net worth of Gautam Adani and Mukesh Ambani

Feb 03, 2023

Adani, who held the position of the third richest person for a great part of last year, has now slipped to 21st position on the Bloomberg Billionaires List, and 22nd position on the Forbes Rich List.

Amul milk price hike

Amul hikes milk prices by Rs 3/litre; check latest rates here 

Feb 03, 2023

Amul has hiked the prices of milk by Rs 3 per litre across all variants.

The state visit will include an address to the joint session of the US Congress and a state dinner at the White House

'Address to US Congress,  dinner at White House': Joe Biden invites PM Modi for state visit this summer 

Feb 02, 2023

The invitation has been accepted in principle and Indian and US officials are working on mutually convenient dates.

Mukesh Ambani overtakes Gautam Adani to become richest Asian

Mukesh Ambani is back as the richest Asian; Adani’s fortunes take a hit after Hindenburg report

Feb 01, 2023

With a massive slump in shares – of 28 per cent – Adani’s wealth crashed to $72 billion, while Ambani clocked in $81 billion.

Chief Economic Advisor V Anantha Nageswaran

India likely to become a $7 trillion economy by 2030, says CEA Nageswaran

Jan 31, 2023

Earlier in the day, Nageswaran presented the Economic Survey 2022-23. According to the survey, India is likely to witness GDP growth of 6 to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally. However, many economists believe that GDP growth is likely to be at the lower end. 

Revenues in the current financial year upto January 2023 24% higher than the GST revenues during the same period last year

GST collection at nearly Rs 1.56 lakh crore in January, second highest ever

Jan 31, 2023

GST collection crosses Rs 1.5 lakh crore-mark for the third time in FY23

Production of eight infrastructure sectors rose at a three-month high of 7.4 per cent in December 2022

Core sector growth at 3-month high of 7.45% in Dec

Jan 31, 2023

Production of eight infrastructure sectors rose at a three-month high of 7.4 per cent in December 2022 against 4.1 per cent in the same month of previous year on a better show by coal, fertiliser, steel, and electricity segments, according to the official data released on Tuesday.

Union Finance Minister Nirmala Sitharaman will present the budget on Wednesday where she is expected to announce the target for the next fiscal.

Fiscal deficit for April-December period widens to Rs 9.9 lakh crore

Jan 31, 2023

In actual terms, the fiscal deficit during the April-December period of 2022-23 was Rs 9.93 lakh crore.

UPI adoption on the rise, says Economic Survey

Economic Survey 2023: UPI accounted for 52% of total digital transactions in FY22

Jan 31, 2023

The Economic Survey stated that UPI-based transactions in value and volume terms were 121 per cent and 114 per cent respectively.

The Economic Survey also forecast that the economy is expected to grow between 6 per cent to 6.8 per cent in the next financial year. (Image: Reuters)

Economic Survey 2023: Private consumption edges up; highest since FY15 across H1

Jan 31, 2023

Private consumption as a percentage of GDP stood at 58.4 per cent in the second quarter of FY23, the highest among the second quarters of all the years since 2013-14.

PM Modi ahead of the Budget session

‘Entire world is looking at India’s Budget,’ says PM Modi ahead of Budget session

Jan 31, 2023

The Budget session kicks off on Tuesday. The session will commence with President Droupadi Murmu’s address to the joint sitting of both houses of the Parliament. 

IMF Chief Economist and Research Department Director Pierre-Olivier Gourinchas attributed the decline in India’s growth rate during 2023 largely due to external headwinds. 

IMF expects Indian economy to grow at 6.1% in 2023 vs 6.8% in 2022

Jan 31, 2023

The global financial institution, however, forecast that the growth rate of the Indian economy will go back to 6.8 per cent in 2024, according to its World Economic Outlook. 

Rich in metal content, PCBs are considered a high-value waste.

Hyderabad: Indigenously developed 1 ton/day PCB Recycling facility inaugurated at C-MET

Jan 27, 2023

C-MET, an autonomous scientific society under the Ministry of Electronics and Information Technology, has established the Center of Excellence (CoE) on E-waste Management, a first of its kind in the country under PPP model

Centre has also received request letters and notes from investors and cryptocurrency startups

Policy agreement on cryptocurrency assets soon: Finance Ministry sources

Jan 27, 2023

It is unlikely that Centre will announce its decision on the legality of virtual digital assets in the upcoming Budget 2023–24. However, Centre may take a decision by June this year

Bids received were worth more than four times the amount on offer, with the five-year bond sold to 32 investors and the 10-year to 57 investors, data from the central bank showed

India raises Rs 8,000 cr from maiden green bond sale

Jan 25, 2023

The Reserve Bank of India sold Rs 4,000 crore of five-year bonds at a coupon rate of 7.10%, five basis points below the sovereign yield of similar tenure