Economy
GST collection up 18 per cent at over Rs 1.33 lakh crore in Feb
The February mop-up was impacted by the Omicron wave that swept through the country
India registers 5.4 per cent economic growth in Q3
The loss of momentum in GDP growth in the third quarter was mainly due to the waning of the favourable base effect
Oil bill to exceed $100 bn this fiscal
The country's import dependence has increased this fiscal owing to a steady decline in domestic output
Moody's ups India's growth forecast to 9.5% for 2022; flags high oil prices
Moody's said Goods and Services Tax (GST) collection, retail activity and Purchasing Managers' Index (PMI) suggest 'solid momentum'
Inflation breaches RBI band in January
The RBI, which mainly factors in the CPI-based inflation, has been tasked to keep the inflation at 4%, with margin of 2% on either side
EPFO to take call on interest rate for 2021-22 in March
The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by the Central Board of Trustees (CBT) in March 2021
Retail inflation contained at 6.2% despite biggest contraction in economy: Sitharaman
The finance minister stated that the objective of the budget is a stable and sustainable recovery in the economy
RBI maintains status quo; leaves repo rate unchanged at 4 per cent
RBI retained its growth projection at 9.2 per cent and inflation at 5.3 per cent for the current financial year
India's digital currency to debut by early 2023
Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a central bank-backed 'digital rupee' soon
RBI to issue Digital Rupee in FY23: Sitharaman
Digital currency will also lead to a more efficient and cheaper currency management system