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Record 8.18 crore ITRs filed for AY 2023-24 till December 31: Income Tax Department
This is 9 per cent more than the total Income Tax Returns (ITRs) filed for 2022-23, the CBDT said in a statement.
GST collections rise 10 per cent to Rs 1.64 lakh crore in December
During the April-December 2023 period, gross Goods and Services Tax (GST) collection witnessed a robust 12 per cent growth.
Nearly 97.38 per cent Rs 2,000 notes returned to banking system; Rs 9,330 crore still with public:…
On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation.
Govt procures 25,000 tonnes of kharif onion so far for buffer stock
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.
Hoteliers cash in on New Year festivities, no impact of COVID-19 resurgence
Some players said they have witnessed room for revenue growth of 19 per cent in the year-end compared to the same period last year.
2023: Hindenburg report on Adani, Go First collapse and more
The RBI in May this year announced to withdraw Rs 2,000 denomination banknotes from circulation.
Gold likely to touch Rs 70,000 in 2024, say experts
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.
Start-up, tech sectors suffer amid global slowdown
In the first week of February, Dell said it will lay off 5% of its workforce, about 6,650 employees globally.
OMCs to provide Rs 6.87/ltr incentive for ethanol from C-heavy molasses
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.
‘Crypto investors should opt for compliant exchanges in the country: Dilip Chenoy
In March 2023, Crypto entities were included as reporting entities under PMLA, and exchanges lauded it saying it the first step towards bringing formal regulations to the industry.
India trade deficit with Australia down 40%
Preferential lines refer to preferential access given via duty cuts as part of trade agreements between nations.
Nifty gains 20%, Sensex 19% in ’23
Some analysts believe equities will give double-digit returns over the next two-three years
केंद्रीय मंत्री अनुराग ठाकुर ने भारत सरकार के कैलेंडर 2024 का अनावरण किया
'पारदर्शिता और जवाबदेही सरकार के आदर्श हैं, जिन्होंने भारत को कभी पांच कमजोर अर्थव्यवस्थाओं में शुमार रहे देश से विश्व की पांचवीं सबसे बड़ी अर्थव्यवस्था बनाया'
India’s economic growth sparks optimism as corporates anticipate profit surge: Fitch Ratings
Fitch Ratings predicts a profitability surge in FY25, projecting a 290 basis points improvement compared to FY23 levels.
Start-ups see 16K layoffs, $8bn funding, 2 unicorns in 2023
Sanjoy Paul, program director, technology at Hero Vired, said, “In 2023, the global start-up ecosystem faced unprecedented challenges as funding reached an all-time low.
Housing sales at new high in CY23 despite rise in prices, interest rates
The National Capital Region (NCR) registered the slowest growth (at 3%) among major cities as it recorded sales of 65,625 units in 2023.
CBDT guidelines on 1% tax by ecomm players
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.
With pulse production down, govt extends import duty waiver till ’25
The estimated lesser production of kharif pulses and shrinking of current rabi pulses sowing acreage has led the government to control domestic prices.
Foxconn to invest $55M in India via its Singapore subsidiary
“Foxconn Singapore has acquired about 46,08,76,736 shares at Rs 10 each, amounting to nearly $55.29 million (Rs 460.87 crore),” said the company.
Norway fund drops Saudi Aramco, 11 other Gulf firms
Saudi Aramco was blacklisted due to its ties to the Saudi state and for "contravening expectations over climate and energy transition plans", the fund said.