Economy

Net direct tax collection grew 16.45% to Rs 15.82 trn till Dec 17 of FY25

Gross direct collections during the period grew 20.3 per cent to Rs 19.2 trillion, with refunds increasing 42.5 per cent to Rs 3.4 trillion

At $129 bn, India top recipient of remittances this year: World Bank

The growth rate of remittances this year is estimated to be 5.8 per cent, compared to 1.2 per cent registered in 2023

Investments, consumption to drive growth in FY26 to 6.6%: India Ratings

The rating agency also noted that inflation is likely to decline to 4.3 per cent in FY26 from 4.8 per cent projected by the central bank for the current fiscal

EPFO, ESIC subscribers may soon use claim money via e-wallets: Labour secy

We have started talks with bankers and also we are going to have a plan in place on how we can do this practically, the official said

Net direct tax collection rises 16.45% to Rs 15.82 trillion till Dec 17

Gross direct tax collection, which includes corporate, personal income tax and STT stood at over Rs 19.21 lakh crore, a 20.32 per cent growth over the collection in April 1-December 17, 2023

Gem, jewellery exports drop 12.9% in Nov amid geopolitical tension: GJEPC

However, the plain gold jewellery exports grew 72.12 per cent to USD 652.81 in November as compared to USD 379.27 million in the same period of the previous year

India to grow 6.6% in FY26, driven by investments, easing rates: Ind-Ra

The Indian economy has experienced a cyclical growth slowdown in the past three quarters, which it expects to reverse from the December quarter

High interest rates deterrent for MSME exporters; working with FinMin: DGFT

Sarangi said there are many studies which suggest that very high collateral demand by financial institutions is a big deterrent for MSMEs to access institutional finance

RBI dials down use of NDFs to fight dollar, balance rupee stability

The Reserve Bank of India has recently let some short dollar positions in the overseas market expire without rolling into new contracts

EPFO deadline for employers to file wage details extended till Jan 31

An online facility was made available by EPFO for submitting applications for validation of options/joint options for pension on higher wages, a labour ministry statement said

India to brace up in future to deal with potential duty measures: Official

Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that countries like the US and the European Union (EU) are trying to boost their domestic manufacturing through such measures

India charges lot of tariff: Trump as he threatens to impose reciprocal tax

He made the remarks while responding to a question on a potential trade agreement with China. Trump said India and Brazil were among countries that impose high tariffs on certain US products

Embedding food systems into policy: How cities can restore ecosystems

By embedding food systems into urban governance, cities can influence local food environments and broader supply chains, paving the way for a more resilient and sustainable system

Revealing the 100X strategy: The ultimate instrument of wealth creation

Most Indians are wary of investing in equity markets because of its intangible nature, but this is the asset class that can ensure the maximum returns over a period of time

AIFs can play critical role in job creation: Former Sebi chief Sinha

The career bureaucrat who served as Sebi chairman for 6 years said there are other challenges confronting the economy as well, but singled out jobs as a critical function where AIFs can be of help

Rupee weakens to new low of 84.93 as trade deficit hits record high

The local currency settled at Rs 84.90 per dollar as the Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar sales

Business activity between India, UK flourishes in 2024, shows HSBC data

In the nine months to October 2024, the value of payments made by HSBC UK business clients to India reportedly rose by 32 per cent and the bank received 36 per cent more new business client referrals

About 4 out of 10 individuals in rural, semi-urban India prefer UPI: Report

Yet UPI is the most preferred mode of financial transactions in such regions

Q2 growth a temporary blip, economy to see better growth: FM Sitharaman

The Indian economy grew 6.7 per cent in the April-June quarter and 5.4 per cent in the July-September period of FY2024-25

India's semiconductor ambitions take wing but water, talent issues remain

Semiconductor manufacturing requires extremely large volumes of pure and cold water, which only some states have; attracting the right talent also a challenge