GST E-Invoice Rule Update: Companies with Turnover > ₹5 Crore Now Mandated to Generate E-Invoices: The Central Board of Indirect Taxes and Customs (CBIC) announced a substantial adjustment in India's Goods and Services Tax (GST) laws on July 28, 2023. As per the new guidelines, companies with a ...

India’s Core Sector Records 8.2% Growth in June, Highest in Five Months: According to the latest data issued by the Ministry of Commerce and Industry on July 31, India's eight core infrastructure industries grew at an 8.2% annual rate in June, the highest in five months.Coal, crude oil, steel, ...

Union Minister Bhupender Yadav launches Resource Efficiency Circular Economy Industry Coalition in Chennai: In keeping with India's G20 presidency, Union Minister Bhupender Yadav launched the Resource Efficiency Circular Economy Industry Coalition (RECEIC) in Chennai. The coalition aims to promote ...

Due to the slowdown in the global economy, India's total exports fell by 13% to $60.09 billion: India's total exports, including both goods and services, are estimated to be USD 60.09 billion in June 2023, showing a decline of about 13% from June 2022. Exports in June 2022 were USD 69.20 ...

India's index of industrial production jumps to 5.2% in May 2023: According to the data released by the Ministry of Statistics and Programme Implementation (MoSPI), the index of industrial production (IIP) in India has increased by 5.2% in May 2023 from 4.2% in April 2023. Daily Current Affairs ...

Forex reserves rise by $1.85 billion to $595.05 billion: According to the RBI, India's foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ended on June 30, 2023. The overall reserve had dropped by $2.901 billion to $593.198 billion in the previous reporting week. ...

FDI in developing countries stood at $662billion in 2022: UNCTAD-- According to UNCTAD’s World Investment Report 2023, FDI in developing countries in Asia remained flat at $662 billion during 2022, as compared to the previous year. Daily Current Affairs Quiz: July 2023 During 2022, FDI ...

India's External Debt reaches $624.7 billion in End-March 2023: India's external debt has increased marginally to $624.7 billion annually in end-March 2023, although the debt-GDP ratio declined. Daily current affairs quiz: July 2023 The external debt increased by $5.6 billion from ...

S&P Global Ratings, a renowned credit rating firm, has kept India's GDP growth forecast at 6% for fiscal year 2023-2024. This forecast positions India as the fastest growing economy among the Asia Pacific nations. The rating agency’s decision to maintain the growth outlook is based on the ...

Wholesale inflation continues downtrend, moderates to 1.34% in March: In March 2023, India's wholesale-price-based inflation reduced as input costs continued to decline. According to data given by the government on Monday, April 17, 2023. The annual wholesale price inflation (WPI) was recorded at ...