Author: admin

India’s services sector growth at 13-year high in July on strong demand

August 3, 2023 admin

Image used for representational purpose only. | Photo Credit: The Hindu India’s dominant services sector expanded at its fastest pace in 13 years last month as demand increased significantly despite elevated inflationary pressures, a business survey showed on Thursday (August 3). S&P Global’s India services purchasing managers’ index rose to 62.3 in July from June’s…

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GST Council sticks to its guns, imposes 28% tax on online gaming

August 2, 2023 admin

Union Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary and Revenue Secretary Sanjay Malhotra during the 51st Goods and Services Tax (GST) Council Meeting, in New Delhi, on August 2, 2023. | Photo Credit: PTI The GST Council on August 2 blinked a little on technicalities and kept the door open for…

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6.77 crore IT returns, a surge of 16.1%, filed by July 31

August 1, 2023 admin

Representational image only. | Photo Credit: Twitter/@IncomeTaxIndia The number of Income Tax Returns (ITRs) filed by the July 31 deadline touched a new high of 6.77 crore this year, 16.1% higher than a year ago, with 53.67 lakh taxpayers filing returns for the first time. A little less than 10% of all return filings took…

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GST revenues register three-month high in July

August 1, 2023 admin

Image used for representational purposes only. | Photo Credit: Special Arrangement India’s gross revenues from the Goods and Services Tax (GST) hit a three-month high to cross ₹1.65 lakh crore in July. However, at 10.8%, it was the slowest uptick in collections since July 2021 compared to revenues from the same month last year. Revenues…

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Gruha Jyothi scheme to be launched in Kalaburagi on August 5

August 1, 2023 admin

A file photo of Energy Minister K.J. George (2nd from right), along with Dileesh Sasi, Director, Directorate of Electronic Delivery of Citizen Service (EDCS); Gaurav Gupta, Additional Chief Secretary Energy Department; and Mahantesh Bilagi, MD, Bescom, in Bengaluru. | Photo Credit: K. Murali Kumar Although it was announced that the Gruha Jyothi scheme would be…

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Farmers Producers Org set up in 2016 to do business of ₹20 crore this year

July 31, 2023 admin

NABARD officials and beneficiaries at a farm pond constructed through FPO in Navalgund taluk of Dharwad district on Monday. | Photo Credit: KIRAN BAKALE The help extended by NABARD and State Bank of India to farmers of Navalgund taluk has facilitated the establishment and operation of Farmers Producers Organisation (FPO) and it, in turn, has…

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At 8.2%, core sectors’ growth hits 5-month high in June

July 31, 2023 admin

A view of a steel plant. India’s core sectors’ output surged at a five-month high pace of 8.2% in June, as per data from the Commerce and Industry Ministry, led by a 21.9% spike in steel output | Photo Credit: The Hindu India’s core sectors’ output surged 8.2% in June, the fastest pace in five…

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Bitter truths in Maharashtra’s sugar fields

July 30, 2023 admin

The High Court of Bombay has recently taken suo motu cognisance of the exploitation of the intra-State workforce that migrates seasonally from the drought-affected and water-scarce regions of Marathwada to the sugar-belt region of western Maharashtra. Maharashtra is one of the top sugar producers in India. According to the Maharashtra Sugar Commissioner, in 2022-23, the…

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Over six crore Income Tax Returns filed in a new milestone, says Income Tax Department

July 30, 2023 admin

Over six crore taxpayers had filed their income tax returns (ITRs) by Sunday evening, a day before the filing deadline, which the Income Tax Department termed a “new milestone” as this is significantly higher than the total returns filed by July 31, 2022. Nearly 26.8 lakh taxpayers filed their tax returns by 6:30 p.m. on…

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Unused UDAN routes will be up for re-bidding: Jyotiraditya Scindia

July 30, 2023 admin

Union Minister Jyotiraditya Scindia said that government’s regional connectivity scheme (RCS), also known as UDAN, are being put up for bidding again. File | Photo Credit: Shiv Kumar Pushpakar Discontinued routes under the government’s regional connectivity scheme (RCS), also known as UDAN, are being put up for bidding again, Civil Aviation Minister Jyotiraditya Scindia said…

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