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  PM Modi hails 8.2 per cent GDP growth as 'just a trailer of things to come'

  India | May 31, 2024 22:43 IST

  India's real GDP rose to Rs 47.24 lakh crore in the fourth quarter of 2023-24, reflecting a 7.8% growth rate. The consistent performance throughout the year pushed the economy to USD 3.5 trillion, with aspirations to reach USD 5 trillion soon.

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  Financial changes effective April 1: What you need to know

  April 01, 2024 7:10 IST

  Financial Changes Effective April 1, FY 2024-25As the financial year 2023-24 draws to a close, significant financial amendments are poised to reshape personal finance from April 1, marking the beginning of the new fiscal year.

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  TCS announces salary hikes: Up to 8% increase for Indian employees, 2-4% for international staff

  Technology | March 19, 2024 21:38 IST

  TCS is set to implement salary hikes for its employees, with Indian staff expecting a 7-8% increase and international workers anticipating a 2-4% raise. Exceptional performers may see a rise of 12–15%.

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  India's power consumption grows 7.5 percent in April-January this fiscal year

  Business | February 18, 2024 12:07 IST

  The cold wave resulted in increased use of heating equipment like heaters, blowers and geysers which led to an increase of power demand as well as consumption. The power ministry had estimated the country's electricity demand to touch 229 GW during the summer in 2023.

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  Economic experts analyse Rs 2.59 lakh crore discrepancy in India's GDP estimates for 2023-24

  Business | January 07, 2024 16:17 IST

  The NSO's initial estimates for this fiscal year also disclose that the country's Gross Value Added (GVA) is projected to grow at 6.9% in 2023–24, a decrease from the 7% recorded in 2022–23.

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  Market surges in early trade as Sensex crosses historic 70,000 level

  Business | December 11, 2023 10:38 IST

  The surge was primarily fueled by the Reserve Bank's announcement, triggering substantial buying activities, especially in banking and other rate-sensitive stocks.

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  Fitch retains India's FY2024 growth forecast at 6.3%, raises year-end inflation projection

  Business | September 14, 2023 21:54 IST

  India's economy experienced robust growth of 7.8% in the April-June quarter of the current fiscal year, driven by strong activity in the services sector and robust demand.

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  Indian economy to surpass 7 per cent growth in Fiscal Year 2023: State Bank of India

  Business | May 26, 2023 15:51 IST

  Union Budget 2023-24's emphasis on capital expenditure is expected to crowd-in private investment, strengthen job creation and demand, and raise our growth potential, the report said.

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  Pakistan: Imran Khan rejects budget for new fiscal year as 'anti-people, anti-business'

  World | June 11, 2022 9:34 IST

  Today's SPI of 24 per cent indicates that inflation will be between 25/30 per cent which on the one hand will destroy the common man," he said continuing the thread on Twitter, Dawn reported.

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  Indian economy to contract 5 pc in FY21: S&P assumes COVID-19 peak by third quarter

  Business | May 28, 2020 13:14 IST

  S&P said India has limited room to maneuver on policy support. The Reserve Bank of India has cut policy rates by 115 basis points but banks have been unwilling to extend credit. Small and mid-size enterprises continue to face restricted access to credit markets despite some policy measures aimed at easing financing for the sector.

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  80 years after its inception, RBI to switch to April-March accounting year from next fiscal

  Business | February 16, 2020 7:13 IST

  Over 80 years after its inception, the Reserve Bank of India (RBI) on Saturday decided to switch to April-March fiscal year from the current July-June format as its accounting year to align with the Central government.

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  Mutual Funds add 77 lakh accounts in first seven months of current fiscal

  Business | November 25, 2018 10:30 IST

  Overall, mutual funds have seen an inflow of over Rs 81,000 crore during April-October period of the current fiscal (2018-19), while equity schemes alone attracted an impressive inflow of over Rs 75,000 crore.

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  Government expects bad loan recoveries to exceed Rs 1.80 lakh crore target in FY19

  Business | October 28, 2018 21:04 IST

  Banks recovered Rs 36,551 crore in the first quarter of 2018-19 and had recovered Rs 74,562 crore during 2017-18.

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  Growth in India projected to accelerate to 7.3 per cent in 2018-19 fiscal: World Bank

  Business | October 07, 2018 22:52 IST

  Growth reached 6.7 per cent in fiscal year 2017/18, with a significant acceleration in recent months, it said.

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  IMF forecasts India's GDP to grow at 7.5 per cent in 2019/20 fiscal year

  Business | August 09, 2018 13:20 IST

  Growth is forecast to rise to 7.3 per cent in fiscal year 2018/19 and 7.5 per cent in 2019/20 on strengthening investment and robust private consumption, the report said.

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  PM Modi urges states to consider January-December financial year

  Politics | April 24, 2017 9:19 IST

  PM Narendra Modi asked the states to consider advancing the financial year to January-December, saying that in a country where agricultural income is exceedingly important, budget should be prepared immediately after its receipt for the year.

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  Need over Rs 1 lakh cr next fiscal for 7th Pay Commission, OROP: Jaitley

  February 06, 2016 19:01 IST

  New Delhi: Finance Minister Arun Jaitley on Friday said that the budget for the next fiscal needs to provide Rs 1.10 lakh crore for implementing the One Rank One Pension (OROP) Scheme and 7th Pay

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  India in Goldilocks period; FY16 GDP likely at 7.6%: Nomura

  October 14, 2015 0:02 IST

  New Delhi: India is in a Goldilocks period of low inflation coupled with gradual recovery and the country is expected clock a GDP growth rate of 7.6 per cent this fiscal year, says a report.According

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  BSNL, MTNL and other telecom PSU to spend Rs 6,464 crore this fiscal year

  July 15, 2014 11:54 IST

  New Delhi: Government has set a total expenditure target of Rs. 6,463.65 crore for telecom public sector units, including BSNL, MTNL, ITI, C-DoT and TCIL, this fiscal.“The provisioned amount will be part of fresh capital

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  FDI inflows will increase this year, says Commerce minister Anand Sharma

  June 03, 2012 12:43 IST

  Mumbai, Jun 3: Union Commerce and Industry Minister Anand Sharma on Saturday expressed confidence that the country would be attracting more direct overseas investment this fiscal.“Despite the gloomy world economy, we received highest FDI of