Economy News

GST officers arrest one for Rs 94 cr ITC fraud: Finance Ministry

GST officers arrest one for Rs 94 cr ITC fraud: Finance Ministry

Investigation revealed that the multi-layered network was being operated by one Krishan Kumar, the Finance Ministry said.

Mar 26, 2021, 20:29 PM IST
From  April 1, cars, bikes, ACs and utlities to become more expensive

From April 1, cars, bikes, ACs and utlities to become more expensive

From April 1, 2021, cars and bikes are going to be costlier as the companies will increase the prices of vehicles. Similarly, buying a TV, AC or refrigerator is also going to be pricey with an

Mar 26, 2021, 17:45 PM IST
Mass vaccination only hope to win battle against COVID-19: SBI report

Mass vaccination only hope to win battle against COVID-19: SBI report

SBI claimed that the localised lockdowns or restrictions have been ‘ineffective’ in controlling the spread of the virus. It suggested that the only way to overcome the crisis is through mass

Mar 25, 2021, 18:28 PM IST
Economic growth won’t be hit by second wave of COVID-19 infections: RBI Governor Shaktikanta Das

Economic growth won’t be hit by second wave of COVID-19 infections: RBI Governor Shaktikanta Das

The RBI governor's assurance assumes significance amid apprehensions about surging new COVID-19 infections and resultant lockdowns being clamped in many cities.

Mar 25, 2021, 13:05 PM IST
7th Pay Commission latest update: 4-day work week for central government offices? Here is what government said about its plans

7th Pay Commission latest update: 4-day work week for central government offices? Here is what government said about its plans

It may be recalled that earlier in February, senior IAS officer and Secretary in the Ministry of Labour and Employment, Apurva Chandra had told news agency IANS that the government is considering the

Mar 25, 2021, 12:25 PM IST
Fitch revises India GDP growth to 12.8% for FY22

Fitch revises India GDP growth to 12.8% for FY22

In its latest Global Economic Outlook (GEO), Fitch said revision is on the back of "a stronger carryover effect, a looser fiscal stance and better virus containment."

Mar 25, 2021, 12:07 PM IST
Petrol, Diesel Prices Today, March 25, 2021: Fuel prices slashed for 2nd day; check prices in metro cities

Petrol, Diesel Prices Today, March 25, 2021: Fuel prices slashed for 2nd day; check prices in metro cities

Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55. For diesel, the central excise adds up to Rs 31.

Mar 25, 2021, 09:14 AM IST
Parliament passes Finance Bill 2021, FM Nirmala Sitharaman accuses UPA govt of mismanaging the economy

Parliament passes Finance Bill 2021, FM Nirmala Sitharaman accuses UPA govt of mismanaging the economy

Finance Minister Nirmala Sitharaman, "Things were a mess and the economy was mismanaged under the tenure of UPA. As of now, Non-Performing Assets (NPAs) have declined to Rs 8.99 lakh crore as of

Mar 24, 2021, 19:15 PM IST
Petrol, Diesel Prices Today, March 24, 2021: Fuel prices reduced for first time in more than a year

Petrol, Diesel Prices Today, March 24, 2021: Fuel prices reduced for first time in more than a year

This is also the first reduction in petrol and diesel rates in over a year. Prices were last reduced on March 16, 2020.

Mar 24, 2021, 17:53 PM IST
COVID lockdown Anniversary: From Loan Moratorium to Atmanirbhar Bharat, 5 big announcements by Modi govt to ease common man's distress

COVID lockdown Anniversary: From Loan Moratorium to Atmanirbhar Bharat, 5 big announcements by Modi govt to ease common man's distress

Timely intervention by the government and financial institution like the RBI kept things on smooth sailing for the common man.  Here’s looking back at major announcements made by the government and

Mar 24, 2021, 09:56 AM IST
Petrol, Diesel Prices Today, March 24, 2021: Fuel prices slashed after remaining unchanged for 24 consecutive days; check prices in metro cities

Petrol, Diesel Prices Today, March 24, 2021: Fuel prices slashed after remaining unchanged for 24 consecutive days; check prices in metro cities

Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55. For diesel, the central excise adds up to Rs 31.

Mar 24, 2021, 09:20 AM IST
Lok Sabha passes bill to create National Bank for Financing Infrastructure and Development

Lok Sabha passes bill to create National Bank for Financing Infrastructure and Development

The National Bank for Financing Infrastructure and Development (NBFID) Bill, 2021 was passed after a reply by Finance Minister Nirmala Sitharaman. The new development finance institution (DFI) will

Mar 23, 2021, 22:01 PM IST
Petrol, Diesel Prices Today, March 23, 2021: Fuel prices remain unchanged for 24th consecutive day; check prices in metro cities

Petrol, Diesel Prices Today, March 23, 2021: Fuel prices remain unchanged for 24th consecutive day; check prices in metro cities

Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55. For diesel, the central excise adds up to Rs 31.

Mar 23, 2021, 09:21 AM IST
Supreme Court to pronounce verdict on loan moratorium on March 23

Supreme Court to pronounce verdict on loan moratorium on March 23

The Centre had earlier submitted before the top court that if it were to consider waiving interest on all the loans and advances to all categories of borrowers for the six-month moratorium period

Mar 22, 2021, 23:18 PM IST
Govt's tax collection on petrol, diesel jumps 300% in 6 years

Govt's tax collection on petrol, diesel jumps 300% in 6 years

The central government collected Rs 29,279 crore from excise duty on petrol and Rs 42,881 crore on diesel in 2014-15 -- the first year of office of the Modi government.

Mar 22, 2021, 17:47 PM IST
Petrol, Diesel Prices Today, March 22, 2021: Fuel prices remain unchanged for 23rd consecutive day; check prices in metro cities

Petrol, Diesel Prices Today, March 22, 2021: Fuel prices remain unchanged for 23rd consecutive day; check prices in metro cities

Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55. For diesel, the central excise adds up to Rs 31.

Mar 22, 2021, 09:19 AM IST
Alert! Banks will have two working days between March 27 to April 4, check complete list here

Alert! Banks will have two working days between March 27 to April 4, check complete list here

Bank customers need to note that between March 27 and April 4 the banks will be closed for a long period of time and there are just two working days in between, so it would be a better idea to get

Mar 20, 2021, 19:09 PM IST
Attention! Domestic airfares' lower limit hiked 5%, govt extends cap on 80% capacity

Attention! Domestic airfares' lower limit hiked 5%, govt extends cap on 80% capacity

Besides this, the government also announced that airlines will have to limit their capacity of 80% of pre-Covid times till April. 

Mar 20, 2021, 13:01 PM IST
Petrol, Diesel Prices Today, March 19, 2021: Fuel prices remain unchanged for 20th consecutive day; check prices in metro cities

Petrol, Diesel Prices Today, March 19, 2021: Fuel prices remain unchanged for 20th consecutive day; check prices in metro cities

Central government makes up for Rs 32.98 per litre of the price of petrol in Delhi and sales tax or VAT of the state government constitutes Rs 19.55. For diesel, the central excise adds up to Rs 31.

Mar 19, 2021, 09:25 AM IST
Big steps taken by Indian Railways to curb illegal e-Ticketing: Here is all you need to know

Big steps taken by Indian Railways to curb illegal e-Ticketing: Here is all you need to know

Here are the important initiatives taken by Indian Railways  to curb illegal e-Ticketing.

Mar 18, 2021, 16:55 PM IST