Economy

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Common GST audit norms for Centre and states from this fiscal

In a move that is expected to help businesses as well as reduce litigation, a Model All India GST Audit Manual 2023 has been finalised for use by the Centre.

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India should introduce carbon-pricing system

The ‘Report on Currency and Finance’ has been prepared by the Department of Economic and Policy Research. It does not represent the views of the RBI. India needs to introduce.

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Nirmala Sitharaman confident Ajay Banga will use corporate experience in pursuing World Bank goals

Banga, 63, will take over as the President of the World Bank on June 2. He will succeed President David Malpass. Finance minister Nirmala Sitharaman on Thursday exuded confidence that the incoming.

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Economy News

European Central Bank to raise interest rates for a seventh time in inflation fight

The central bank for the 20-country euro zone has already lifted rates by a record 350 basis points since July in the hope of stopping runaway price growth. The European Central.

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World Bank board elects US nominee Ajay Banga as president

The election came after World Bank board members interviewed Banga for four hours on Monday. The World Bank’s 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to.

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Economy News

India’s green financing requirement estimated at 2.5 pc of GDP: RBI Study

Further, the report said scenario analysis suggests that delayed climate policy actions could be costlier in terms of larger output losses and higher inflation. India’s green financing requirement is estimated.

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Economy News

India will achieve 20% ethanol blending target by 2025 instead of 2030, says Piyush Goyal

In order to achieve the target of 20 per cent ethanol blending with petrol by 2025, about 1016 crore liters of ethanol would be required and about 334 crore liters.

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Highest ever GST collection indicator of stable economic growth, say experts

The highest-ever GST collection in April indicates a favourable trend signaling growth in domestic demand and the subsequent growth in the Indian economy. The highest-ever GST collection in April indicates.

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India’s unemployment rate climbs to four-month high in April

The nationwide joblessness rate rose to 8.11% in April from 7.8% in March, the highest since December. Urban unemployment climbed to 9.81% from 8.51% in the same period while in.

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Economy News

FM Sitharaman asks ADB to support India with more concessional climate finance

Earlier in the day ADB president announced the bank’s newest climate finance programme: the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP). Finance minister Nitmala Sitharaman on Tuesday met.

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