GST revenue crosses Rs 1-lakh crore mark in December 2019 : Bulletin: Business Today
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GST revenue crosses Rs 1-lakh crore mark in December 2019

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January 2, 2020

Modi govt approves Chandrayaan-3; launch may happen next year: ISRO Chief

Indian Space Research Organisation Chief K Sivan on Wednesday said the Modi government had approved Chandrayaan-3, and that the project is going on smoothly. The ISRO chief added that the projected cost was about Rs 250 crore and it could be launched as early as next year.

Watch more channels at lesser cost now as Trai releases new tariff order for cable TV operators

The Telecom Regulatory Authority of India (Trai), while reviewing pricing of channel bouquets compared to ala carte ones, has issued amendments to the New Tariff Order (NTO), under which cable operators need to mandatorily provide as many as 200 channels for Rs 153 a month (including taxes) to their subscribers. Trai has also capped at Rs 160 the amount consumers will have to pay monthly for all free to air channels. The announcement means cable TV users will be able to access more channels at lower subscription price.

GST revenue crosses Rs 1-lakh crore mark in December 2019

The gross GST (Goods and Services Tax) revenue collection for December 2019 has crossed Rs 1-lakh crore mark, showing a 16 per cent rise in revenue YoY.  It is for the ninth time since the inception of GST in July 2017 that monthly collection has crossed the mark of Rs 1 lakh crore.

FDI inflows to India rose 15% to $26 billion between April and September

Foreign direct investment into India grew 15% to $26 billion during the first half of the current financial year, according to government data. Inflow of foreign direct investment (FDI) during April-September of 2018-19 stood at $22.66 billion.

Air India will keep on running till it is privatised: Aviation minister

Weeks after the Air India chief stated that the airline's financial situation was "grossly untenable" for sustaining operations, Civil Aviation Minister Hardeep Singh Puri clarified on Tuesday that the national carrier, which is incurring a loss of Rs 20-26 crore daily, will keep on running till it is privatised. The Centre plans to divest its entire stake in Air India this time so as to make it attractive for private entities.

India will struggle to achieve 5 pc GDP growth in 2020: Steve Hanke

India will "struggle" to achieve 5 per cent GDP growth in 2020 as the significant deceleration in past few quarters was largely owing to credit squeeze which is a cyclical problem, said noted American economist Steve Hanke. Hanke, who currently teaches applied economics at Johns Hopkins University (USA), pointed out that India experienced an unsustainable credit boom, and now there is a massive pile of non-performing loans piled up, primarily at the state-owned banks.

Also read: GST revenue crosses Rs 1-lakh crore mark in December 2019

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