Refiners in India have been gorging on cheaper Russian oil despite problems posed by sanctions aimed at reducing Moscow's oil revenue
While the state recorded a 13.5-per cent year-on-year increase in revenue expenditure, its capital expenditure grew by only 7.7 per cent
Year ender 2024: India has maintained its position as the fifth-largest economy and continues to be one of the fastest growing economies in the world. Here's how 2024 panned out for the country
Savings of households in 'shares and debentures' has increased to 1 per cent of GDP in FY24, from 0.2 per cent in FY14
"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian
Experts fear that Indian exporters might have to pay higher duties while exporting pharmaceuticals, textiles, chemicals, and engineering goods
FinMin says some changes may take effect from April
Over the past few years, wage growth has consistently trailed both general and food inflation rates, with the exceptions of FY21 and FY24
Prime Minister Narendra Modi has also attended the meeting in the past, but there is no official word so far about his participation in the high-profile summit
Sun Petrochemicals will invest Rs 36,700 crore in renewable energy projects, including pump hydro and solar plants. Adani Group, which is the largest private investor in the state, committed to invest
Additionally, factors like high valuations, weak corporate earnings for the September quarter, expectations of subdued results for December, rising inflation, slower GDP growth
Out of the 13 PSEs which were not in the red and earned a profit of Rs 20.21 crore, four did not earn enough to declare dividend while the remaining which earned an aggregate profit of Rs 14.88 crore
GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions
The loan agreement, under the SMILE programme, is aimed at reforming logistics, reducing costs, boosting efficiency, promoting sustainability, and driving inclusive growth in supply chain
During the meeting, Goyal also emphasised the 'need to address long-pending issues as a confidence-building measure'
Says expanding the manufacturing sector could also help in containing inflationary pressures by enhancing the supply capacity
Also, the Group of Ministers (GoM) on GST compensation cess is likely to get a six month extension till June, 2025, to submit its report. The compensation cess regime comes to an end in March, 2026
December marked the second policy review meeting for the external members, who have a fixed four-year term
Infrastructure development emerged as a key focus area, with states calling for dedicated funding for state-specific road and railway projects
The programme officer, after independent verification of the facts, may direct the gram panchayat to cancel any particular job card. All additions, deletions and cancellations must be made public