Economy

India collects $22.25 bln in goods and services tax in October

Economy
India collected 1.87 trillion rupees ($22.25 billion) in goods and services tax in October, 9% higher than the same period last year, the...

Centrum to sell stakes in housing finance arm by March

Economy
Kolkata: The Centrum Group is likely to finalise the sale of its housing finance subsidiary by the end of this fiscal, with the...

India may face 24.7% GDP loss by 2070 thanks to climate change: ADB report

Economy
Climate change under a high-end emissions scenario could lead to a 16.9 per cent loss in GDP by 2070 across the Asia and...

Donald Trump win looming? RBI well-equipped for post-US election volatility, sources say

Economy
India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if...

Fiscal deficit in 1st Half of FY25 drops to 29.4% of annual target

Economy
The central government's fiscal deficit in the first half of 2024-25 touched 29.4% of the annual target, compared with 39.3% a year before,...

EPFO Board will meet on November 23 to approve Central Pension Payment System

Economy
The central board of trustees of the Employees' Provident Fund Organisation (EPFO) will hold its first meeting of the current financial year on...

RBI unlikely to go for immediate rate cut, despite inflation likely to cool: Ind-Ra

Economy
In a cautious outlook for the upcoming fiscal year, India Ratings and Research (Ind-Ra) projects a decline in inflation for FY25, yet it...

RBI parks majority of its gold reserves in India; Local holdings up 100 tonnes in H1

Economy
Domestic holdings of gold by the Reserve Bank of India (RBI) rose by more than 100 metric tonnes in the half-year ended September,...

India, Taiwan get time till Apr’25 to resolve ICT dispute at WTO

Economy
New Delhi: In a breather for manufacturers of mobiles and components in India, the World Trade Organization’s dispute settlement body (DSB) has accepted...

Ethanol production to prevent Indian sugar exports, says trader Wilmar

Economy
The increase in ethanol production in India due to higher blending rates will reduce local sugar availability and prevent the country from exporting...

Budget home threshold may be hiked to Rs 55 lakh

Economy
New Delhi: The group of ministers (GoM) tasked by the Goods and Services Tax Council to look into application of GST for real...

Rice prices: Potato and rice to remain costly till December

Economy
Prices of potato and rice are set to remain high till December, traders and farmers said. Potato sowing in UP, the largest producer,...
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