Economy

Advancing tax administration: Role of technology in India's tax ecosystem

Transforming tax administration in India: Technology-driven reforms redefine compliance, efficiency, and strategic decision-making

Rupee remains under pressure, touches new low of 85.12 per dollar

The local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.11 per dollar before regaining ground against the greenback on the back of FTSE rebalancing inflows

Food inflation continues to play spoilsport for FMCG sector: Kantar report

The per household average spend in the urban market recorded a 13% jump in a year to reach Rs 6,761 this Oct quarter

Retail inflation for farm workers eases to 5.35%, rural labourers to 5.47%

The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 5 points each in November 2024, reaching levels of 1,320 and 1,331

How to tax popcorn? FM's formula sparks outrage against GST system

A finance ministry spokesperson, the GST Council Secretariat and a spokesman for the ruling Bharatiya Janata Party did not respond to requests for comment on the controversy

Rupee hits all-time low pressured by weak Yuan, strong dollar bids

The RBI's frequent interventions have supported the rupee in the face of multiple headwinds, including a hawkish shift in the Federal Reserve's outlook for policy rates over 2025, concerns about India

Middle East share of India's Nov oil imports at 9-month high; Russia down

Refiners in India have been gorging on cheaper Russian oil despite problems posed by sanctions aimed at reducing Moscow's oil revenue

WB's revenue expenditure outpaces capital spending in H1 FY25: Report

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

India's top economic moments in 2024: Women welfare to foreign inflows

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

1% rise in m-cap leads to 0.6% rise in GDP growth rate: SBI Eco Research

Savings of households in 'shares and debentures' has increased to 1 per cent of GDP in FY24, from 0.2 per cent in FY14

Separate rate for caramelised popcorn draws criticism from economists

"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

India under pressure as Trump vows action on tariffs and trade deficit

Experts fear that Indian exporters might have to pay higher duties while exporting pharmaceuticals, textiles, chemicals, and engineering goods

GST Council paves way for CGST Act amendments during Budget session

FinMin says some changes may take effect from April

Out of sync: Persistent mismatch between MGNREGA wage growth and inflation

Over the past few years, wage growth has consistently trailed both general and food inflation rates, with the exceptions of FY21 and FY24

Delegation of state ministers, CMs, CEOs to attend WEF Summit in Davos

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

Bihar receives record Rs 1.81 trillion investment proposals, says minister

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

FPIs pull out Rs 976 crore from Indian equities amid rising dollar

Additionally, factors like high valuations, weak corporate earnings for the September quarter, expectations of subdued results for December, rising inflation, slower GDP growth

Losses of Himachal's 30 PSEs rose from Rs 3,953 cr to Rs 4,778 cr: CAG

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

55th GST Council takes key decisions, defers rate cuts on insurance premium

GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions

India, ADB ink $350 mn deal to boost logistics sector reforms & efficiency

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