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Category: Business

Business

GST collections show 7.7% growth, slowest increase since July 2021

Posted on July 1, 2024 By admin
GST collections show 7.7% growth, slowest increase since July 2021

The gross GST collections in June stood at around ₹1.74 lakh crore. Image for representation purposes only. File | Photo Credit: Getty Images/iStockphoto The gross Goods and Services Tax (GST) collections in June stood at around ₹1.74 lakh crore, as per sources, reflecting a rise of around 7.7% from the ₹1,61,497 crore collected in June…

Read More “GST collections show 7.7% growth, slowest increase since July 2021” »

Business

NHRC notice to Centre, T.N. government over ‘discrimination’ by manufacturer of electronic devices in jobs

Posted on July 1, 2024 By admin
NHRC notice to Centre, T.N. government over ‘discrimination’ by manufacturer of electronic devices in jobs

National Human Rights Commission office at Faridkot House in New Delhi. File. | Photo Credit: V. Sudershan The NHRC on July 1 said it has issued notices to the Union Labour Ministry and the Tamil Nadu government over reports that a major manufacturer of electronic devices has allegedly “systematically excluded” married women from jobs at…

Read More “NHRC notice to Centre, T.N. government over ‘discrimination’ by manufacturer of electronic devices in jobs” »

Business

Rupee falls 11 paise to 83.45 against U.S. dollar

Posted on July 1, 2024 By admin
Rupee falls 11 paise to 83.45 against U.S. dollar

The rupee depreciated 11 paise to settle at 83.45 (provisional) against the U.S. dollar on July 1, tracking rising crude oil prices in international markets. | Photo Credit: REUTERS The rupee depreciated 11 paise to settle at 83.45 (provisional) against the U.S. dollar on July 1, tracking rising crude oil prices in international markets. However,…

Read More “Rupee falls 11 paise to 83.45 against U.S. dollar” »

Business

₹7,581 crore worth ₹2,000 notes still in circulation: RBI 

Posted on July 1, 2024 By admin
₹7,581 crore worth ₹2,000 notes still in circulation: RBI 

The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2,000 banknotes was announced, has declined to ₹7,581 crore at the close of business on June 28, 2024. “Thus, 97.87% of the ₹2,000 banknotes in circulation as on May…

Read More “₹7,581 crore worth ₹2,000 notes still in circulation: RBI ” »

Business

₹7,581 crore worth ₹2,000 notes still in circulation: RBI 

Posted on July 1, 2024 By admin
₹7,581 crore worth ₹2,000 notes still in circulation: RBI 

The RBI had announced the withdrawal of ₹2,000 denomination banknotes from circulation on May 19, 2023. File | Photo Credit: Reuters The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2,000 banknotes was announced, has declined to ₹7,581 crore…

Read More “₹7,581 crore worth ₹2,000 notes still in circulation: RBI ” »

Business

Air India to set up flying institute in Maharashtra to train 180 commercial pilots annually

Posted on July 1, 2024 By admin
Air India to set up flying institute in Maharashtra to train 180 commercial pilots annually

Tata Group-owned Air India on July 1 said it will set up a training institute at Amravati in Maharashtra with an aim to train 180 commercial pilots annually. “The Directorate General of Civil Aviation (DGCA)-licensed Flight Training Organisation (FTO) at the Belora Airport will be the largest such institute in South Asia and become operational…

Read More “Air India to set up flying institute in Maharashtra to train 180 commercial pilots annually” »

Business

Indonesia plans import duties on clothing, ceramics, minister says

Posted on July 1, 2024 By admin
Indonesia plans import duties on clothing, ceramics, minister says

A woman picks a pair of Crocs footwear for her child during its sale at Central Park shopping mall in Jakarta. File. | Photo Credit: Reuters Indonesia will impose safeguard duties of 100% to 200% on imports ranging from footwear to ceramics, reviving a plan to protect domestic industries, the trade minister said. The planned…

Read More “Indonesia plans import duties on clothing, ceramics, minister says” »

Business

News Analysis |  Maharashtra budget: A pre-poll strategic play of social engineering 

Posted on June 30, 2024 By admin
News Analysis |  Maharashtra budget: A pre-poll strategic play of social engineering 

Maharashtra Finance Minister Ajit Pawar and Minister of State Deepak Kesarkar display 2024-25 Budget bags on the 2nd Day of the Monsoon Assembly Session, at Vidhan Bhavan in Mumbai, | Photo Credit: ANI The budget presented by the Mahayuti government in Maharashtra last week ahead of the upcoming Assembly election reflects the outgoing dispensation’s attempts…

Read More “News Analysis |  Maharashtra budget: A pre-poll strategic play of social engineering ” »

Business

Increase in exports, improvement in CAD, manufacturing will help boost Indian economy, says Piyush Goyal

Posted on June 30, 2024 By admin
Increase in exports, improvement in CAD, manufacturing will help boost Indian economy, says Piyush Goyal

Union Minister of Commerce and Industry Piyush Goyal. File | Photo Credit: PTI We are very confident that the Indian economy is poised for both healthy and organised growth and providing opportunities to lakhs of people across India, Union Minister Piyush Goyal said Healthy increase in the country’s exports, improvement in the current account deficit…

Read More “Increase in exports, improvement in CAD, manufacturing will help boost Indian economy, says Piyush Goyal” »

Business

Healthcare sector demands incentives and increased allocations in upcoming Budget

Posted on June 30, 2024 By admin
Healthcare sector demands incentives and increased allocations in upcoming Budget

In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, players demanded incentives in terms of affordable financing option and cheaper land for setting up hospitals in Tier 3 cities. File. | Photo Credit: ANI The healthcare industry on June 27 demanded incentives and increased allocations for the sector in the upcoming Budget. In a pre-Budget…

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Business

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