400 Vande Bharat trains: Rs 40,000 Cr business opportunity and jobs

Chennai (IANS) Rolling out 400 Vande Bharat Express trains is about Rs 40,000 crore of business coupled with jobs and other spin-off benefits, said senior officials --present and past -- of Indian Railways

Presenting the Union Budget for 2022-23,…

Govt capital spending at 18-year high

New Delhi (IANS) The Budget is pegging capital spending growth of 24.5 per cent year on year in F23, which will push the ratio of Central government capital spending to GDP to an 18-year high of 2.9 per cent, Morgan Stanley said in a note.

"We…

India to get its own digital currency by RBI next year: FM

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India's own digital currency by the RBI next year that will be based on Blockchain technology, while the much-expected Cryptocurrency Bill is yet to…

RBI to take up repo rate hikes from April with a cumulative rise of 150bps in FY23

New Delhi (IANS) The focus of the Union Budget 2022 is likely to be on investment-driven growth with a focus on infrastructure investment to generate multiplier effects to spur economic growth.

Morgan Stanley said in a report the focus will…

Jan GST collection rises 15% YoY to over Rs 1.38 lakh crore

New Delhi (IANS) India's GST collection rose 15 per cent in January 2022 on a year-on-year basis to Rs 138,394 crore, official data showed on Monday.

In terms of sequential basis, December 2021's collections stood at Rs 129,780 crore.

DAMEPL requests court to direct DMRC to deposit Rs 6,208 cr into escrow account without any delay

New Delhi (IANS) Following the Supreme Court January 24 directive, the Delhi High Court will hear the Delhi Airport Metro-DMRC Case on Monday (January 31).

Delhi Airport Metro Express Pvt Ltd (DAMEPL) has filed a fresh application requesting…

Tax free work from home allowances for salaried employees likely in Budget

New Delhi (IANS) The upcoming Budget might increase the standard deduction. The figure could be doubled to Rs 1 lakh from the present Rs 50,000.

Budget 2022 might also introduce tax-free work-from-home allowances for salaried employees. Higher…

SBI gets requisite approvals for setting up 'bad bank'

Mumbai (IANS) The approvals required for setting up National Asset Reconstruction Company (NARCL) and India Debt Resolution Company (IDRCL), including from the RBI, have now been received, lending major SBI said on Friday.

Accordingly, both…

Divestment: Budget FY23 likely to see higher target; more focus on NMP

New Delhi (IANS) Indias Union Budget FY23 is likely to set a higher divestment target for the coming fiscal with more focus being set on the National Monetisation Pipeline (NMP).

Notably, the conclusion of the Air India divestment as well as…

EPFO onboards Air India for social security coverage

New Delhi (IANS) Following the takeover of Air India by Tata Group, the Employees' Provident Fund Organisation (EPFO) has now onboarded the carrier for social security coverage to service the social security needs of its employees.

The…