BUSINESS
2,000 denomination notes worth Rs 3.32 lakh crore received back till Aug 31
Consequently, Rs 2,000 banknotes in circulation at the close of business on August 31 stood at Rs 0.24 lakh crore in terms of value.
Nifty makes significant gains on positive PMI, GDP data
This robust economic outlook propelled the key manufacturing sectors to lead the rally, while strong sales figures generated increased interest in auto stocks. The positive opening in global markets provided additional momentum for investor sentiment, particularly as US PCE inflation aligned with expectations, Nair said.
Current 14.5 crore air passengers projected to rise to 42.5 crore by 2035: Scindia
"This growth potential presents an opportunity for international players to engage in India's aviation market,” he said at the International Aerospace Conference, organised by the CII, here.
GST collections for August at Rs 1,59,069 crore, 3.6% lower than July
The figure was, however, 11 per cent higher than the GST collections of August 2022, which were Rs 1,43,612 crore.
PM Modi lauds UPI transactions crossing 10bn mark in August
"This is exceptional news! It is a testament to the people of India embracing digital progress and a tribute to their skills. May this trend continue in the times to come," the PM said in a comment on X (formerly Twitter).
GDP growth will likely moderate in the quarters ahead
Falling income growth in the urban sector, shrinking corporate profitability, fading momentum in (front-loaded) government capex, demand-curbing monetary policies and diminishing global growth prospects may weigh on output, the report said.
GST revenue likely to be 11% higher in August on year-on-year basis, says revenue secretary
Revenue secretary Sanjay Malhotra told reporters in Gurugram on the sidelines of an event, that GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion.
ious share transfer case involving Axis Bank, Max Financial referred to RBI, SEBI: IRDAI
Last October, the Insurance Regulatory and Development Authority of India (IRDAI) had penalised Axis Bank Rs 2 crore for the share transactions which was done mainly to get excess remuneration as corporate agent of Max Life than permissible under the rules.
UPI-based payments cross 10 bn monthly transactions for 1st time
Monthly transaction count on UPI crossed 10.24 billion with a net transaction value of Rs 15.18 trillion, the NPCI confirmed late on Thursday.
Commercial LPG cylinder prices cut by Rs 158
Earlier this week, the government had slashed prices of domestic LPG cylinder by Rs 200 for all connection holders across the country.
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