Finance Ministry Forecasts Robust GDP Growth Exceeding 6.5% in 2023-24
Ashlin Rajan -
Indicators from October and November 2023 exhibit robust economic activity, with PMI for Manufacturing and Services sectors showing consistent expansion.
Government Takes Tough Stance on Public Sector Banks Regarding Major Insolvency Cases
Ashlin Rajan -
Highlighting the urgency to address these issues, Joshi mentioned that Finance Minister Nirmala Sitharaman will personally oversee the operations of the National Asset Reconstruction Company Ltd (NARCL).
Government Collects Rs 26,644 Crore in Dividends from CPSEs
Ashlin Rajan -
Highlighting a trend of escalating dividend payouts, the Ministry noted that CPSEs have consistently surpassed the revised budget estimates in the fiscal years 2020-21, 2021-22, and 2022-23.
Global analysts have shown confidence in India's economic strength amid geopolitical challenges: FinMin docu
IANS -
This was stated by the finance ministry's economic review for September 2023. "Strong private consumption demand has been a major driver of India’s economic growth in the recent period," the review released on Monday said. In addition, it said that at least two additional drivers of growth have emerged, the first is the gradual strengthening of investment demand.
Sitharaman calls for collective action for shared problems of IMF financial committee's member nations
IANS -
Sitharaman, who attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC) in Marrakech, Morocco to discuss the priorities identified in IMF MD’s Global Policy Agenda, said this during her intervention.
Global uncertainty, domestic disruptions to keep inflation high for coming months: Economic review
IANS -
The review noted that the government has already taken pre-emptive measures to restrain food inflation which, along with the arrival of fresh stock, is likely to subside price pressure in the market soon. At the same time however, it added that the external sector requires monitoring for further strengthening the prospects in the face of active pursuit of industrial policies globally.
1 lakh notices sent in cases of misrepresentation of income, says Finance Minister
IANS -
As many as 55,000 one-time cases were opened following a Supreme Court order, she said. In her address at the 164th Income Tax Day event, the Finance Minister said that tax rates have not gone up over the years, yet revenue has been constantly rising over the past three-four years.
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