Economy

Earlier in its 50th meeting in July last year, the GST Council recommended imposition of 28% GST on online gaming

DLF apartments which were sold in three days were priced between Rs 6.25-7.5 crore a unit. Penthouses cost Rs 11-14 crore each.

TCS, Infosys, HCLTech, Wipro to report their results this week

The ministry has successfully completed seven rounds of auctions through a completely transparent online process, launched by the prime minister in 2020.

This means that the size of the Indian GDP (in current prices) would likely be R297 lakh crore at the end of the current financial year instead of the budgeted estimate of R302 lakh crore.

Household consumption in FY24 is likely to grow at the slowest pace in last two decade

The vegetable oil price index posted the biggest fall last year, dropping 32.7 percent, thanks to improved supplies and reduced use for biofuel production.

GDP at current prices in the year 2023-24 is estimated at Rs 296.58 lakh crore against the provisional estimate of GDP of Rs 272.41 lakh crore for the year 2022-23, released on May 31, 2023, it stated

Officials of the Department for Promotion of Industry and Internal Trade say that the government will ensure existing schemes get implemented well, thereafter the Centre will consider expansion.

The minister highlighted that oil marketing companies (OMCs) have incurred losses due to the high crude prices in the international market.

The overall sales reached a 10-year high, driven by higher demand in the mid-income and luxury home segments.

Average monthly collection for 2023-24 comes at Rs 1.66 lakh crore

It said the adoption of digital e-pay tax payment platform, TIN 2.0, on the e-filing portal throughout fiscal year 2023-2024 has streamlined the process.

During the April-December 2023 period, gross Goods and Services Tax (GST) collection witnessed a robust 12 per cent growth.

On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.

The government has raised the buffer stock target to 7 lakh tonnes for the 2023-24 fiscal, against the actual stock of 3 lakh tonnes last year.

While the gold price remained volatile this year, it reached a new high of Rs 61,845 per 10 grams on May 4 in the domestic market and USD 2,083 an ounce in the global markets.

OMCs are procuring ethanol to mix it with petrol as the government mandated the use of 20% ethanol blending in petrol in next two years.

Fitch Ratings predicts a profitability surge in FY25, projecting a 290 basis points improvement compared to FY23 levels.

An e-commerce operator, as per the Section 194-O of the Income Tax Act, 1961 should deduct income tax at the rate of 1 percent of the gross amount of sale of goods or provision of service.