Economy News

Rs 1.06 Lakh crore GST compensation shortfall released to states

Rs 1.06 Lakh crore GST compensation shortfall released to states

Till now, 96 percent of the total estimated GST compensation shortfall has been released to the States & UTs with Legislative Assembly. Out of this, an amount of Rs. 97,242.03 crore has been

Mar 09, 2021, 15:53 PM IST
Government policy targets of blending 20% ethanol in petrol by 2030

Government policy targets of blending 20% ethanol in petrol by 2030

Several supply and demand side interventions have been initiated by the Government including enhancing scope of raw material for ethanol production and fixing remunerative prices of ethanol from

Mar 09, 2021, 13:57 PM IST
Amid rising crude prices and inflation, Oil Minister says tax collection on petrol, diesel jumps 459%

Amid rising crude prices and inflation, Oil Minister says tax collection on petrol, diesel jumps 459%

In written replies to a spate of questions on rising fuel prices in the Lok Sabha, Pradhan said the retail selling price of domestic gas was Rs 410.5 per 14.2-kg cylinder on March 1, 2014. This month

Mar 09, 2021, 09:05 AM IST
Petrol, Diesel Prices Today, March 9, 2021: Fuel prices remain unchanged for 10th consecutive day; check prices in metro cities

Petrol, Diesel Prices Today, March 9, 2021: Fuel prices remain unchanged for 10th 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 09, 2021, 08:24 AM IST
Pradhan Mantri Jan Dhan Yojana: More than 50% account holders under PMJDY women, says FinMin

Pradhan Mantri Jan Dhan Yojana: More than 50% account holders under PMJDY women, says FinMin

Sharing details of various schemes with special provisions for the emancipation of women on the occasion of International Women's Day, the ministry said these plans have financially empowered women

Mar 08, 2021, 20:52 PM IST
Bullet Train Project latest updates: Technical bids open for construction of bridges for Mumbai-Ahmedabad high-speed rail

Bullet Train Project latest updates: Technical bids open for construction of bridges for Mumbai-Ahmedabad high-speed rail

Prime Minister Narendra Modi and then Japanese Premier Shinzo Abe had on September 14, 2017 laid the foundation stone for the ambitious Rs 1.08 lakh crore ($17 billion) project.

Mar 08, 2021, 08:56 AM IST
Petrol, Diesel Prices Today, March 8, 2021: Fuel prices remain unchanged for 9th consecutive day; check prices in metro cities

Petrol, Diesel Prices Today, March 8, 2021: Fuel prices remain unchanged for 9th 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 08, 2021, 08:27 AM IST
Buyers rush to jewellery shops as gold prices dip to one-year low

Buyers rush to jewellery shops as gold prices dip to one-year low

On Friday (March 5), local gold futures fell to Rs. 44,217 per 10 grams, a trough since April 7. And with this, the demand for gold has significantly improved in the past few days. Retail buyers are

Mar 06, 2021, 09:55 AM IST
Finance Minister Nirmala Sitharaman calls fuel price hike as 'dharam sankat' for Centre

Finance Minister Nirmala Sitharaman calls fuel price hike as 'dharam sankat' for Centre

Calling the inflated fuel price a `dharam sankat` (dilemma) for the government, Finance Minister Nirmala Sitharaman on Friday said the state and the Centre both earn revenue on petroleum products

Mar 05, 2021, 23:58 PM IST
PM Narendra Modi emphasises on working hard to make manufacturing in India globally competitive

PM Narendra Modi emphasises on working hard to make manufacturing in India globally competitive

PM Narendra Modi said that the increased manufacturing capacity results in increased job opportunities and the government has taken reforming measures to boost manufacturing. He stressed the fact

Mar 05, 2021, 12:33 PM IST
Petrol price may come down to Rs 75 if brought under GST, says SBI Economist

Petrol price may come down to Rs 75 if brought under GST, says SBI Economist

Petrol prices have touched Rs 100 per litre in some pockets of the country and concerns are being expressed about the high taxation which is making the fuels dearer. The SBI economists said bringing

Mar 04, 2021, 11:52 AM IST
Govt may reduce excise duty on petrol, diesel by Rs. 8.5 without hurting revenues

Govt may reduce excise duty on petrol, diesel by Rs. 8.5 without hurting revenues

Petrol and diesel prices hover at a historic high following a relentless increase in rates over the past nine months. There have been calls by opposition parties as well as sections of society to the

Mar 03, 2021, 18:03 PM IST
Petrol, Diesel Prices Today, March 3, 2021: Fuel prices remain unchanged for 5th day; check prices in metro cities

Petrol, Diesel Prices Today, March 3, 2021: Fuel prices remain unchanged for 5th day; check prices in metro cities

The fuel prices were going high a while ago and recorded an all-time high Saturday (February 27). The petrol price for a litre in the national capital is Rs. 91.17, in Kolkata, it is Rs. 91.35. Rs.

Mar 03, 2021, 11:12 AM IST
Spectrum auction 2021 concludes, fetches bids worth Rs 77,814.80 crore

Spectrum auction 2021 concludes, fetches bids worth Rs 77,814.80 crore

The auction began on Monday and concluded on Tuesday at 12.45 PM, after a total of 6 rounds of bidding. The e-auction was based on the Simultaneous Multiple Round Ascending Auction (SMRA) methodology

Mar 02, 2021, 22:50 PM IST
Finance Ministry moots cutting taxes on petrol, diesel to check price hike: Sources

Finance Ministry moots cutting taxes on petrol, diesel to check price hike: Sources

India has called on OPEC+ to ease production cuts as higher crude prices are hitting fuel demand in Asia’s third-largest economy and are contributing to inflation. The high fuel prices could also

Mar 02, 2021, 09:27 AM IST
Govt extends deadline for filing declarations, payment date under VsV scheme: Check details

Govt extends deadline for filing declarations, payment date under VsV scheme: Check details

The last date for filing declaration under VsV scheme was February 28, while for paying the disputed tax the date is March 31. As many as 1,25,144 cases have so far opted for the Vivad se Vishwas (

Feb 26, 2021, 22:52 PM IST
Indian economy gathers pace, leaves the recession behind

Indian economy gathers pace, leaves the recession behind

The gross domestic product grew 0.4 per cent in October-December compared with the same period a year earlier, data released by the National Statistics Office on Friday (February 26) showed. That

Feb 26, 2021, 21:16 PM IST
Eight core industries output grew 0.1% in January 2021, growth due to fertiliser, steel and electricity production

Eight core industries output grew 0.1% in January 2021, growth due to fertiliser, steel and electricity production

The core sectors had expanded by 2.2 per cent in January 2020, according to the provisional data released by the Commerce and Industry Ministry. During April-January 2020-21, the sectors' output

Feb 26, 2021, 19:17 PM IST
India's economy turns positive, grows 0.4% in Oct-Dec quarter

India's economy turns positive, grows 0.4% in Oct-Dec quarter

Infrastructure output, which comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40% of industrial output, fell by 8.8% in the 10 months through January from a

Feb 26, 2021, 18:00 PM IST
Good news for train passengers! Unreserved General ticket booking via mobile App again available, know how to use the facility

Good news for train passengers! Unreserved General ticket booking via mobile App again available, know how to use the facility

Indian Railways has said that places where unreserved train services are introduced on any zonal Railway, the zonal Railway concerned may accordingly enable UTS ON MOBILE app for issuing unreserved

Feb 26, 2021, 12:00 PM IST