The government has collected gross GST for July 2022 is ₹1,48,995 crore, which is the second highest collection ever since the introduction of the Goods and Services Tax. The July 2022 revenue is 28% higher than the revenues in the July 2021 of ₹1,16,393 crore. CGST is ...

The International Monetary Fund (IMF) has reduced its gross domestic product (GDP) growth forecast for India for the current financial year (FY23) to 7.4%. The IMF has also reduced the growth forecast for FY24 to 6.1% as against 6.9% earlier. Reason: Due to less favourable ...

India has contributed USD 2.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). India is a dedicated donor to UNRWA and donated USD 20 million in support of core UNRWA services to Palestine refugees across the Middle East ...

Industry body FICCI on Thursday said India's economy is estimated to grow 7 per cent in the current fiscal, lower than the earlier projection of 7.4 per cent, mainly due to the ongoing geopolitical uncertainties. Owing to geopolitical uncertainties and their impact on Asia’s third largest economy. ...

Morgan Stanley has reduced its FY23 real GDP expansion estimate for India by 0.40% to 7.2% on slower global growth. It has also estimated that the GDP growth for the FY24 will slow down to 6.4%, this is lower by 0.30% as compared to the earlier estimate. ...

The government has declared "zero coupon zero principal instruments" as securities. Zero coupon zero principal instrument:  An instrument issued by a Not for Profit Organisation, will be registered with the social stock exchange segment of a recognised stock exchange. These will ...

As per the SBI study, the average income of farmers between FY 2017-18 and 2021-22, has been increased in bracket of 1.3 -1.7 times across India. Income from allied and non-farm: 1.4-1.8 times(growth). Some crops like soybean in Maharashtra and cotton in ...

India’s merchandise trade deficit widened to a record $26.18 billion in June, wider than the government’s earlier estimate of $25.63 billion, after the Commerce Ministry revised upwards both the exports and imports figures for the month. The previous record monthly ...

The government has approved the continuation of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) with the same rates as announced by the Ministry of Textiles for exports of apparel/garments and made-ups until March 31, 2024 in an effort to increase exports and create ...

Paper Import Monitoring System will come into effect from 1st October 2022, an importer need to provide advance information online about the import of papers and obtain a registration number. It is applicable on import by a Domestic Territory Area unit on a wide range of ...