Possible to maintain 94 percent-95 percent collection efficiency this fiscal, the MD said
The question in Parliament follows news reports that the expenditure department was concerned about the impact on the Centre's finances from PM-GKAY, which was extended by six months to September
Normalised collection efficiency will lead to higher recoveries and upgrades and higher credit growth shall further improve lenders’ headline gross non-performing asset figures, analysts say.
The corporate tax collected so far in FY22 is 15 percent higher than the revised estimate of Rs 6.35 lakh crore. In fact, it is also higher than the target of Rs 7.2 lakh crore set for FY23.
"A sustained recovery is what we would want. The budget has growth revival along with messages for sustainability as a priority," she said.
While the consequences of CBDCs on cryptocurrencies like Bitcoin and Ethereum are attracting widespread attention, it is the possible repercussions of CBDCs on the commercial banking system that could be far more disruptive
Budget 2022’s focus on the digital economy cuts across the Aspirational Districts Programme’s five socio-economic themes of health, education, agriculture, financial inclusion, and skill development
The former RBI governor, while sharing his opinion on Budget, said India should strengthen its democratic credentials and chart its own path by focusing on value-added services.
The RBI on Monday cancelled its forthcoming weekly auction for the second straight week on the back of comfortable cash balances and improved sentiments
There is nothing in the budget which indicates that the national carrier is addressing its major handicap – having to spend over half of its earnings on staff costs and pensions
Replying to a discussion on Budget 2022-23 in the Rajya Sabha, she said there is no question of a slowdown or recession, as she cited an estimated 9.2 per cent GDP growth in the current fiscal year ending March 31.
Nirmala Sitharaman said that drones would help analyse crop density and output predictions
Inflation is expected to moderate in FY23, although rising international commodity prices – especially crude oil – remain a source of key upside risk, Barclays India's Rahul Bajoria said.
In case tightening of monetary conditions in advanced economies gains more traction, adopting calibrated reactions by developing economies will be difficult
Rather than giving in to the populist demands for short-term gains, the government has laid down the path for long-term sustenance, and has ticked all relevant boxes to provide impetus to the economy
All eyes are on the LIC’s public offer as apart from liberalising the insurance sector, it is expected to add fuel to the disinvestment programme
If given the right push, green bonds can emerge as a major and lower cost funding source for the renewable energy sector
The equity markets have cheered the Budget with it being growth-oriented, however, the bond markets have seen some hardening in yields due to the higher-than-expected fiscal deficit and government borrowing
The non-extension of the benefits may impact the low- and middle-income groups inclined towards buying their first home by availing the tax sops.
While additional sum has been allocated to the ministry of education, Budget 2022 has overlooked the damage to the loss of learning in schools in the wake of COVID-19
Given that weapons systems are just another type of machines, India would rather master making these machines themselves, and then move on to those for military purposes
In the morning trade both Sensex and Nifty fell around 1% before rebounding. Now the indices have declined around 0.4%.
It is the state governments, who levy VAT on aviation fuel, who are opposing the move in the GST council
During the period from 2019-20 to 2020-21, there was a decline of 13.01 per cent in complaints related to ATM/debit cards, while there was an increase of 12.01 percent and 52.99 percent in complaints regarding mobile/electronic banking and credit cards respectively, MoS for Finance Bhagwat Karad said in a written reply in the Lok Sabha.
Initiating the discussion on the Budget in Lok Sabha, Tharoor said COVID-19 pandemic has placed citizens in unimaginable distress who suffered a lot of pain due to loss of lives between March and May last year.