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Speed up vehicle scrapping: Finance Minister

Nirmala Sitharaman said that enhanced capital expenditure will play a critical role in revitalising the economy post-pandemic Finance and Corporate Affairs Minister Nirmala Sitharaman has...

GST Council to meet on June 12 to discuss tax cut on COVID essentials, black fungus medicine

Some state Finance Ministers in the GoM are understood to have pitched for a rate cut on COVID essentials. The all-powerful GST Council, chaired...

Finance Ministry bats for 24×7 vaccination drives

'Vaccination of 70 cr. people by Sept. 2021 paramount to boost consumers and investor confidence' The Finance Ministry has made a strong pitch to...

Nirmala Sitharaman asks Infosys to fix tech glitches on new income tax e-filing portal

Infosys was in 2019 awarded a contract to develop the next-generation income tax filing system. Finance Minister Nirmala Sitharaman on Tuesday asked Infosys and...

Explained | Why has the U.S. delayed tariffs under digital services tax?

Why is the Biden administration considering retaliatory measures? How will the move impact India? The story so far: During the past week, the United...

FPIs invest ₹8,000 cr in Indian markets in just four trading sessions

Foreign investors have infused close to ₹8,000 crore into Indian equities in the first four trading sessions of June as risk-on sentiment improved...

GST collections in May drop to lowest level since September 2020

The ₹1,02,709 crore collected as GST in May includes revenues from domestic transactions till June 4. India’s Gross GST revenue in May fell to ₹1.02...

Finance Minister to meet heads of insurers on June 5

Discussions are also likely to be held on simplifying the procedures and documentations needed to settle claims under the schemes in a seamless and...

India’s services exports rise by 6.4% in May

India’s Services exports grew by 6.44% in May 2021 to $17.85 billion, while Services imports grew just 0.3% to $10 billion, as per initial...

India’s trade deficit hits 8-month low

India exported merchandise worth $32.21 billion in May 2021, 67% higher on a year-on-year basis and nearly 8% over May 2019’s pre-pandemic numbers. The...

2020-21 ‘darkest year’ of economy in 40 years: Congress

Former Finance Minister P. Chidambaram said good advice by distinguished economists and renowned institutions has been rebuffed so far and world-wide experience has been...

India’s GDP shrank by 7.3% in 2020-21; up by 1.6% in last quarter

The fourth quarter of 2020-21 recorded a growth of 1.6% in GDP, the second quarter of positive growth, after the country had entered a...
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