GST collection up 8% yoy to Rs 1.10 lakh cr in Jan, signals recovery

New Delhi (IANS) In a much-needed shot in the arm for the government, GST collection increased 8.12 per cent year-on-year to Rs 1,10,828 crore in January 2020.

This is only the second time since roll-out of GST that the monthly revenues have…

AIIEA to protest against LIC disinvestment

Chennai (IANS) Opposing the government's decision to list Life Insurance Corporation of India (LIC) through an initial public offering (IPO), the All India Insurance Employees' Association (AIIEA) will first go on one hour walk-out strike…

Sensex tumbles over 700 points as FM presents Budget

Mumbai (IANS) The Union Budget for financial year 2020-21 has so far been unable to bring cheer to the market and the equity indices slumped with the BSE Sensex falling over 700 points.

Around 1.30 p.m, the Sensex touched an intra-day low of…

PM-Kisan may see 20 per cent cut in budgetary allocation

New Delhi (IANS) The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme of the government which gives Rs 6,000 a year to farmers may see a cut in budgetary allocation.

It is learnt that the allocation for PM-Kisan may be slashed by 20 percent…

Ola to launch services in London on February 10

New Delhi (IANS) Indian cab hailing major Ola on Friday announced it will launch its operations in London on February 10 with over 20,000 registered drivers.

The ride hailing platform will be fully operational from day one, with over 20,000…

Tech Mahindra posts Q3 revenue growth of 5.1% at $1,353mn

Mumbai (IANS) IT major Tech Mahindra on Friday said its revenue rose to $1,353 million for its third quarter ended December 31, 2019, posting a growth of 5.1 per cent over the previous quarter.

Tech Mahindra said its digital revenues grew 10.6…

No evidence of misestimation of India's GDP growth: Eco Survey

New Delhi (IANS) Amid questions around data quality and claims by former CEA Arvind Subramanian that India's GDP may be overestimated, the Economic Survey 2020 has said that concerns of inflated growth rate are unfounded.

"The models that…

Sensex shows link between exponential rise in GDP and wealth creation since 1991

New Delhi (IANS) The BSE Sensex captures the story of the correlation between liberalisation and wealth creation in the economy over the last 30 years.

The Economic Survey noted that there has been unprecedented wealth creation in the economy…

Petrol, diesel prices fall again

New Delhi (IANS) After a day's break, the prices of petrol and diesel were reduced on Thursday as crude oil rates continued to decrease over fears of the spread of coronavirus in China.

The petrol price has come down by 23 - 25 paise per…

Truce: Lalit Modi now in talks with family on Godfrey Phillips asset sale

New Delhi (IANS) After differences among members of the K.K. Modi Family Trust on the sale of assets came out in the open earlier this week, there seems to be some truce among the family members as Lalit Modi, in his latest statement has said that…