Finance - general
India’s GST revenue crosses Rs2-lakh cr in April 2024
02 May 2024
India’s gross revenue collection by way of Goods and Services Tax (GST) exceeded the Rs2 lakh crore-mark for the first time in April 2024, the opening month of the current fiscal, hitting a record Rs2.10 lakh crore.
IREDA granted `Navratna’ status
29 Apr 2024
State-owned Indian Renewable Energy Development Agency (IREDA) has been granted 'Navratna' status by the Department of Public Enterprises, the company stated in a stock exchange filing on Friday.
India’s FY24 direct tax mop-up exceed revised estimates by Rs13,000 cr
23 Apr 2024
Net direct tax collection in India increased by 17.70 per cent to an estimated Rs19.58 lakh crore in the 2023-24 financial year, compared to Rs16.64 lakh crore in the previous financial year, provisional figures released by the finance ministry show.
RBI delays implementation of currency derivatives trading norms
05 Apr 2024
Reserve Bank of India (RBI) has pushed back the implementation of its directions on currency derivatives trade from 5 April to 3 May 2024
REC commits Rs1.6 lakh crore for infra projects in Rajasthan
13 Mar 2024
REC Limited has signed a memorandum of understanding (MoU) with the government of Rajasthan committing Rs1.6 lakh crore to finance projects across power and other infrastructure sectors.
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RBI bars JM Financial from lending against shares
06 Mar 2024
Days after imposing restrictions on online payments banks Paytm and IIFL Finance, Reserve Bank of India (RBI) on Tuesday directed investment banker JM Financial
Gross GST collection in February up 12.5% at Rs1,68,337 crore
05 Mar 2024
Gross revenue collection by way of Goods and Services Tax (GST) increased by 12.5 per cent year-on-year in February 2024 and stood at Rs1,68,337 crore. The increase in GST collection in February was marked by a 13.9 per cent increase in domestic transactions and 8.5 per cent increase in GST from import of goods.
PFRDA notifies amendments to National Pension System Trust and Pension Fund regulations
22 Feb 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the amendments to the regulations governing the National Pension System Trust and the Pension Funds
Net direct tax collection up 20.25% at Rs15.60 lakh crore so far in FY24
12 Feb 2024
Direct tax collection (net of refunds) in the country increased by 20.25 per cent year-on-year to Rs15.60 lakh crore, so far during the current financial year (2023-24) year (up to 10 February 2024),
Finance minister tables white paper on state of Indian economy before and after 2014
10 Feb 2024
Finance minister Nirmala Sitharaman on Thursday tabled a 'white paper on the Indian economy' detailing the state of the economy prior to 2014 and after
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India’s GST collection rises 10.4% to Rs1,72,129 cr in January
01 Feb 2024
Gross revenue collected by way of Goods and Services Tax (GST) in January 2024 stood at Rs1,72,129 crore, recording a 10.4 per cent year-o-year growth over the Rs155,922 crore collected in January 2023
REC raises 61.1 billion yen via medium term notes issue
17 Jan 2024
REC Limited has successfully issued its inaugural 61.1 billion Japanese Yen ($41.56 million) 5-year, 5.25-year and 10-year Green bonds, as part of its $10 billion global medium term notes programme.
Thomson Reuters proposes a $627 million acquisition of Sweden's Pagero
11 Jan 2024
Thomson Reuters has officially put forward a proposition to acquire Pagero, a Swedish company specializing in e-invoicing and tax solutions. The offered amount stands at a noteworthy 6.4 billion crowns (Krona), translating to approximately $627 million.
REC, Bank of Baroda join hands to finance power, infrastructure and logistics projects
05 Jan 2024
REC Limited has signed a memorandum of understanding (MoU) with Bank of Baroda to facilitate joint lending to finance power, infrastructure and logistics projects in the country over the next three years.
India's fintech sector faced a 63% funding decline in 2023
04 Jan 2024
Amid the funding winter, India’s fintech sector experienced a significant setback, with a 63% decline in fund inflows throughout 2023, according to a report by Tracxn.
Chennai tax officials issue a Rs. 663 crore GST demand notice to LIC
04 Jan 2024
The Life Insurance Corporation of India (LIC) stated on Wednesday, 3 January 2024, that tax authorities have issued a demand notice amounting to approximately Rs 663.45 crore, citing short payment of Goods and Services Tax (GST).
Monthly GST collection in April-December averages Rs1.66 lakh crore
04 Jan 2024
Revenue collection by way of Goods and Services Tax (GST) for December 2023 stood at Rs,164,882 crore, while gross GST collection for the first nine months of the current financial year
India hikes windfall tax on crude, eliminates tax on diesel and ATF
03 Jan 2024
Government of India on Monday announced an increase in the windfall tax levied on locally-produced crude petroleum while doing away with the tax on diesel and aviation turbine fuel (ATF).
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Hindustan Unilever faces Rs 447.5 crore GST demands and penalties
02 Jan 2024
Leading fast-moving consumer goods (FMCG) manufacturer, Hindustan Unilever Ltd. (HUL), disclosed on Monday, 1 January 2024, that it has been served with Goods and Services Tax (GST) demands and penalties totaling Rs. 447.5 crores by the authorities.
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Bitcoin surges beyond $45,000, setting a new two-year high
02 Jan 2024
In a remarkable milestone, Bitcoin has surged past the $45,000 mark, marking its highest value in nearly two years.
Centre appoints former NITI Aayog V-C Dr Arvind Panagariya as head of 16th Finance Commission
01 Jan 2024
Government of India on Sunday announced the constitution of the Sixteenth Finance Commission, with Arvind Panagariya, former vice chairman, NITI Aayog, and Columbia University professor, as its chairman.
India’s forex reserves grow $58 bn year-to-date to $620.4 bn
31 Dec 2023
India's foreign exchange reserves increased by $57.63 billion year-to-date, taking overall forex reserves with the Reserve Bank of India (RBI) to $620.44 billion
Net financial assets of non-residents in India up $7.4 bn in Q2 FY24
31 Dec 2023
Net financial assets of non-residents in India increased by $7.4 billion to $380.9 billion in the second quarter of the current financial year (July-September 2023-24)
Govt hikes small savings interest rates
31 Dec 2023
The central government on Saturday notified revised interest rates on small savings schemes, including a 20 basis point hike in the interest rates
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India's current account deficit sharply down at 1% of GDP in Q2
27 Dec 2023
India's current account deficit declined sharply to $8.3 billion, or 1 per cent of the country’s GDP, in the second quarter of the current financial year (July-September 2023-24)
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