Economy
5 per cent GST rate may give way for 3%, 8% slabs
Every 1% increase in 5% slab, which mainly includes packaged food items, would roughly yield an additional revenue of ₹50,000 Cr annually
India's fuel sales hit 3-year high in March
Fuel demand in the fiscal year ending March 31, 2022 was up 4.3 per cent at 202.71 million tonnes, the highest since FY20
RBI cuts growth outlook, interest rate unchanged
Market interest rates will start increasing at a faster pace now which is positive for savers, especially the depositors
India exports rise to record high of USD 418 bn in FY22
Outbound shipments touched an all-time high of USD 40 billion in a month in March 2022, Minister Piyush Goyal said
GST mopup hits ₹1.42 L cr in March
The key reasons behind such a huge mopup are continued recovery in the economy and anti-evasion drive by the GST authorities
Interest rates on small savings schemes unchanged for first quarter of FY23
The interest rate has not been revised since the first quarter of 2020-21
Lok Sabha passes Finance Bill
The Union Budget 2022-23 had proposed taxing crypto assets at the rate of 30 per cent, effective from April 1
India's GDP growth forecast cut to 7.9 per cent: Morgan Stanley
The report saw upside risks of 0.5 per cent of GDP to the fiscal deficit target of 6.4 per cent of GDP for FY23
Credit card spends, transactions decline in January
All large players reported a decline in monthly spends per card with the highest fall seen by IndusInd Bank
Petrol, diesel price hikes to restart from next week
International crude oil prices shot above USD 110 a barrel for the first time since mid-2014