Page 358 - Economy

Centre's fiscal deficit in Q1 at 8.4% of FY25 target, shows CGA data

Total non-tax revenue for first three months of FY25 stands at Rs 2.8 trillion

Goyal shows hope, says right steps would make India $55 trn economy by 2047

Goyal added that EV focus, and reduction in imports of goods, oil seeds, rubber and pulses would help further strengthen the domestic currency

FM Nirmala Sitharaman stresses commitment to cooperative federalism

The FM said the Budget has struck a healthy balance between growth, employment, welfare spending and fiscal consolidation, and promotes cooperative federalism

Govt extends deadline for meeting MPS norms for CPSEs till Aug 2026

The central government in the public interest provided exemption up to August 1, 2026, to increase public shareholding to at least 25 per cent in CPSEs

Budget 2024: No 'budget' for energy transition is a cause for concern

Withdrawing funds for the initiative to be taken up by oil refiners, who have lost their power to price fuels for the last few years, is a cause for concern

Production growth in key infra sectors down to 4% in June, shows data

The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 8.4 per cent in June 2023

April-June fiscal deficit at Rs 1.36 trillion, 8.1% of 2024-25 target

Total government expenditure during the period was Rs 9.7 trillion, or about 20.4 per cent of the annual goal, lower than the Rs 10.51 trillion in the same period last year

DMRC to prepare project report for Indore-Ujjain, Pithampur metro corridors

The estimated distance for these corridors is 84 km. Phase 1 of the Indore metro line is expected to begin operations later this year

Ind-Ra ups FY25 GDP growth forecast to 7.5% on expectation of high demand

Ind-Ra's growth projection is higher than that of RBI which projected FY25 growth at 7.2 per cent and Finance Ministry's Economic Survey which estimated GDP expansion between 6.5-7 per cent

India committed to becoming free of TB by 2025, working on mission mode

27 per cent of global cases of the disease are found in the country, according to estimates

India's July diesel, ATF exports to S'pore, Australia to hit 2.5-yr high

Jump in middle distillates exports from swing supplier India to the Asia Pacific will likely cap prices and refiners' margins in the region

Conspiracy to damage India's image of safe investment destination: FM

To make India developed, Sitharaman said it was necessary to be a big economic and strategic power

Kerala seeks Rs 24,000 crore special financial package from Centre

In addition, a request for a special capital investment support of Rs 5,000 crore was also made for developing the Vizhinjam Port region in Kerala

About 60 mn ITRs filed for FY24, 70% under new tax regime: Revenue secy

About 6 crore income tax returns have been filed for income earned in 2023-24, of which 70 per cent were filed under the new simplified tax regime which offers lower rate of tax, Revenue Secretary Sanjay Malhotra said on Tuesday.

Income Tax dept begins scrutiny in reassessment cases for AY-2018-19

The scrutiny might result in a raft of tax notices

2 proposals received for 8th pay panel, not under consideration: Govt

Usually, the pay commission is constituted by the Central Government every 10 years to revise the remuneration of government employees

Govt mopped up Rs 98,681 cr from taxing LTCG in listed equities in FY23

The long term capital gains on equities and units of equity oriented mutual funds were brought in from April 2018. Such gains were taxed at 10 per cent, with gains of up to Rs 1 lakh annually

Hunger in India came down to 13.7% during 2021-23 period: UN-FAO report

This means that around 39.3 million people have come out of undernourishment between the two periods, NITI Aayog member Ramesh Chand said on Tuesday

No rethinking on support for Chinese for investments in India: Piyush Goyal

European Union has suggested India devise its own mechanism instead of paying carbon tax for imports, says Commerce Minister

ERF sees no payouts since 2019, fund reaches Rs 1,062 cr: MoS tells RS

Established in 2008 to assist individuals affected by hazardous substances, ERF has remained inactive in recent years. "No funds have been released from the ERF in the past five years," Singh stated