Tag: Icra

GST on UPI transactions: Government denies reports of levying GST on UPI transactions over Rs 2000 | India-Business News

BusinessApril 18, 2025

The government on Friday denied reports suggesting GST levying on UPI transactions exceeding Rs 2,000, calling such claims “completely false, misleading, and without any basis.”In an official statement, the finance ministry said, “Currently,...

No GST on UPI transactions over Rs 2,000, clarifies govt; terms rumors as baseless

EconomyApril 18, 2025

The Ministry of Finance has categorically denied recent rumors suggesting that it is planning to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions exceeding Rs 2,000. In an official statement issued...

Private capex share dipped to decadal low of 33% in FY24: ICRA

EconomyMarch 24, 2025

Domestic rating agency ICRA on Monday said private capital expenditure's share in the overall investments in the economy dipped to a decadal low...

Retail inflation hits 7-month low, industrial output sees growth

EconomyMarch 13, 2025

Retail inflation fell to a seven-month low of 3.6% in February, as food prices approached their lowest in two years, while industrial output...

Gensol Engineering board to consider stock split on March 13

StocksMarch 8, 2025

The board of Gensol Engineering on Friday announced that they will be considering and approving a stock split of the company’s shares from...

ICRA sees 6.4% growth in Q3; Bank of Baroda forecasts 6.6%

EconomyFebruary 18, 2025

New Delhi: The Indian economy likely grew by 6.4% in the third quarter of the current fiscal, driven by government spending, rating agency...

India revises gold and silver import figures: Trade deficit narrowed

EconomyJanuary 9, 2025

The government revised gold and silver imports for April-November FY25, with the steepest downward revision of $5 billion in the former. Data for...

CAD surprises with a moderate deficit

EconomyDecember 27, 2024

India's current account deficit moderated marginally in the September quarter despite a wider trade deficit on the the back of higher services income,...

GDP boom loses steam in Q2, growth at 7-quarter low

EconomyNovember 29, 2024

New Delhi: India's economic growth slumped more than expected to a seven-quarter low of 5.4% in the September quarter, dragged down by weak...

Christmas orders push October goods exports to a 2-year high of 17.3%

EconomyNovember 14, 2024

New Delhi: India's merchandise exports surged 17.3% on year - the highest in 28 months - to $39.2 billion in October, driven by...

Industrial output expands 3.1% in September on base effect, festivals

EconomyNovember 12, 2024

NEW DELHI: India's industrial output rebounded in September, growing 3.1%, after contracting 0.1% in August - a 22-month low - driven by a...

Growth may have slipped in rainy Q2 but forecast for fiscal is sunny

EconomyNovember 4, 2024

India’s economic growth likely moderated in July-September, primarily due to a slowdown in consumption and investment amid heavy monsoon rains in several parts...

Festive Vibes: Economists see food inflation and geopolitical conflicts as possible headwinds

EconomyNovember 2, 2024

NEW DELHI: The festive season has brought some cheer to the economy with several data releases on Friday suggesting improved consumer sentiment, but...