Economy

Economy News

Indirect tax dept on revenue drive, urges field offices to ensure maximisation of collections

The government has pegged the indirect tax target at Rs 13.85 trillion in the revised estimates for 2022-23. Ahead of the end of the current fiscal year, the Central Board.

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Payment system operators need to focus on governance, risk management: RBI Governor

“More the struggle undertaken by people in resolving their grievances, more unlikely it becomes that they would attempt digital payments in future,” Das said, adding that prompt reconciliation of transactions.

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India plans to extend fuel export curbs beyond March: Report

The government is planning to extend restrictions on the export of diesel and gasoline after the current fiscal year ends this month to ensure the availability of refined fuels for.

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Coal India says it is ready to meet dry fuel demand from power sector

Coal India also expressed hope to supply 156 million tonnes of coal to the power sector during the April-June quarter of FY24. Amid early onset of summer and a pick-up.

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India’s exports dip 8.8% to $33.88 bn in February; imports down to $51.31 bn

India’s exports dipped in February for the third consecutive month by 8.8 per cent to $33.88 billion against $37.15 billion in the same month last year India’s exports dipped in.

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India govt unlikely to roll back tax plan on high-value life insurance: Report

The government has said it would scrap the tax exemption on the total returns upon maturity of life insurance policies if their aggregate premium exceeded Rs 5 lakh. The Indian.

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India launches portal to ensure availability of power during peak demand at high price

The central government has launched a High Price Day Ahead Market (HP-DAM) and Surplus Power Portal (PUShP), a power ministry statement said. Union Power Minister R K Singh has launched.

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Net direct tax collection reaches Rs 13.73 lakh crore, 83 pc of revised estimate for FY23

Refunds amounting to Rs 2.95 lakh crore have been issued during April 1, 2022 to March 10, 2023, which are 59.44 per cent higher than refunds issued during the same.

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Vietnam’s VinFast says three sales executives have left EV company

By Phuong Nguyen HANOI (Reuters) – Vietnamese electric-vehicle (EV) start-up VinFast said on Friday three senior sales and customer-service have left the company this week. The departures are the latest.

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SVB Financial files for bankruptcy protection after swift implosion

(Reuters) – SVB Financial Group on Friday sought protection under Chapter 11 of the U.S. bankruptcy code, days after its former unit Silicon Valley Bank was taken over by U.S..

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