BUSINESS
GST Collections for July Rise 10.3% to Reach Rs 1.82 Lakh Crore
The gross GST collections have been Rs 7.39 lakh crore for the first four months of the current fiscal—up 10.2 per cent over the comparative period last year. In July, domestic GST collections were up 8.9 per cent, while revenues from imports rose 14.2 per cent, quite substantially.
Infosys Faces Rs 32,403 Crore GST Demand Notice from Authorities
In a filing to the stock exchange, Infosys referred to the notice as a ‘pre-show cause’ notice and asserted that GST does not apply to these expenses.
SEBI Chairperson Vows to Prevent Paytm-Style Issues in Stock Markets
According to Buch, all of the problems that surfaced in Paytm were within its own framework; these problems had not contaminated the banks. But she had warned that if Paytm was allowed into the market without bringing it under KRA oversight, there could be a risk of contamination.
India's Eight Key Industries Record 4% Growth in June
Electricity generation also rose by 7.7 percent in the same period.
India Leads Top 5 Stock Markets with Market Cap Surpassing $5.5 Trillion
In comparison, the US stock market moved up by 13.50 percent during this period, Hong Kong by 4.15 percent, Japan by 4.02 percent, while that of China dropped by 13.61 percent.
For becoming a developed nation by 2047, India needs $30 trillion economy by that time: NITI Aayog
The present GDP of $3.36 trillion will need to increase nine times, and per capita income from the existing $2,392 per annum eight times, if that were to happen, according to 'Vision for Viksit Bharat @ 2047, An Approach Paper'.
PM Modi Unveils 'Budget 2024 Blueprint' to skilled and Viksit Bharat
On X, PM Modi explained how Budget 2024 would create employment with new Employment Linked Incentive schemes, strengthening workforce and supporting job creators.
India's Banks Bolster Economic Growth with Enhanced Strength, Says RBI Deputy Governor
"Excluding the post-COVID rebound in 2021-22, India's real GDP growth in 2023-24 accelerated to its highest since 2016-17 and surprised to the upside. It has represented a turning point in the growth trajectory from an average of 7 per cent pre-2020 to an average of 8 per cent or higher during the period since then, largely domestic in origin.". He said at the J P Morgan India Leadership Series Lecture recently, "Inflation is now expected to average at around 4.5 per cent in 2024-25 and 4.1 per cent in 2025-26."
Survey Reveals Boost in Manufacturing Sentiments and Domestic Demand in India for April-June
The survey also underscores a positive outlook for domestic demand, as approximately 67% of participants foresee a rise in orders compared to the previous quarter. This optimistic projection suggests that demand remains robust and could be further strengthened by ongoing monsoon progress.
India Climbs in Global Passport Rankings, Granting Visa-Free Access to 58 Countries
The Henley Passport Index ranks countries according to the number of travel destinations their ordinary passports allow without a visa.
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