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Economy

PSBs should extend adequate credit to industry to support growth: MoS Finance

PSBs should extend adequate credit to industry…

New Delhi, June 21 (KNN) To continue to support economic growth, the Ministry of Finance advised the public sector banks (PSBs) on Monday to extend…

Net Direct Tax collections jump by 45% to Rs 3.39 lakh crore

Net Direct Tax collections jump by 45%…

New Delhi, June 18 (KNN) The net direct tax collection as of June 16 has increased by 45 per cent toRs.3,39,225 crore compared to Rs 2,33,651 crore…

47th GST council meet to be held in Srinagar on June 28-29

47th GST council meet to be held…

Srinagar, June 17 (KNN) The GST Council is expected to discuss the possible tweaking in the tax rates at the upcoming meeting on June 28-29 in Srinagar.

RBI increases repo rate by 50 bps, MSMEs read worrying signs ahead

RBI increases repo rate by 50 bps,…

Mumbai, June 8 (KNN) The Reserve Bank of India (RBI) on Wednesday hiked the lending rate by 50 basis points (bps) to 4.9 per cent owing to the persistent…

India’s growth the fastest among G20 economies: PM Modi

India’s growth the fastest among G20 economies:…

Lucknow, June 3 (KNN) Addressing the Ground Breaking Ceremony @3.0 of the UP Investors Summit at Lucknow on Friday, Prime Minister Narendra Modi…

PNB, HDFC raise interest rates

PNB, HDFC raise interest rates

Mumbai, June 2 (KNN) Lending majors Punjab National Bank and HDFC have hiked their lending rates by 5 basis points and 15 basis points, respectively.

Gross GST revenue collection up by 44% at Rs 1,40,885 cr

Gross GST revenue collection up by 44%…

New Delhi, June 1 (KNN) For the month of May 2022, the gross GST has recorded an increase of 44 per cent at Rs 1,40,885 crore out of which the CGST…

US beats China as India’s top trading partner at $119.42 bn in FY22

US beats China as India’s top trading…

New Delhi, May 30 (KNN) Bolstering greater economic relations, the US has surpassed China to become India's top trading partner in 2021-22 with…

Economy to recover in the face of perils: RBI annual report

Economy to recover in the face of…

Mumbai, May 27 (KNN) The Indian economy is expected to recover despite the challenges and problems due to global risks, said the Reserve Bank of India…

Moody's lowers Indian economy growth forecast to 8.8% for 2022

Moody's lowers Indian economy growth forecast to…

New Deli, May 26 (KNN) Moody's has reduced the growth forecast of India for 2022 to 8.8 per cent, from its previous forecast of 9,1 per cent. 

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