Current Fiscal

Current fiscal's net direct tax collection surged 20% YoY to Rs 15.60 lakh crore, hitting 80% of revised full-year budget estimates.

GST officers detect Rs 1.36 lakh crore evasion in current fiscal

In a statement the ministry said, in order to tackle the menace of GST evasion, the Directorate General of GST Intelligence (DGGI) develops intelligence, especially in new areas of tax evasion, through advanced tools for data analytics besides using its intelligence network across the country to collect such information.

Fiscal position of Kerala deteriorated in 2016-17, says CAG

Revenue deficit increased from Rs 9,657 crore in 2015-16 to Rs 15,485 crore in 2016-17, the report said, adding the fiscal deficit increased from Rs 17,818 crore to Rs 26,448 crore.

Gold ETFs see Rs 200 cr outflow in Q1; asset base slumps 22%

The outflow meant assets under management (AUMs) of gold funds plunged by over 22 per cent during the quarter to Rs 5,174 crore, from Rs 6,645 crore in the year-ago period.

CPI inflation seen at 4.8% in FY18, fears exaggerated: Report

According to SBI's research report Ecowrap, the Reserve Bank's inflation forecast of 4-4.5 per cent will be "materially undershot" as CPI inflation is unlikely to breach the 4 per cent mark till July this year.

Fund raising via preferential allotment down 17% to Rs 40,000 cr

The funds have been raised for business expansion plans, repayment of loan, meeting working capital requirements and for other corporate purposes.

Power production rises by 6.25% in Apr-Jan

Power generation from conventional and renewable sources increased by 6.25 percent to 1,038.90 billion units (BUs) in the April-January period of current fiscal compared to the year-ago period.

Govt sees FY17 per capita income rising 10% to Rs 103,818

"The per capita net national income during 2016-17 is estimated to be Rs 103,818 showing a rise of 10.2 percent as compared to Rs 94,178 during 2015-16 with the growth rate of 8.9 percent," as per data on Second Advance Estimates of National Income, 2016-17.

BPCL to raise Rs 2000 cr by March end

In a notice to stock exchanges, BPCL said its shareholders had on September 21 last year approved raising of funds through 'Private Placement of Non-Convertible Bonds/Debentures and/or Other Debt Securities'.

PTC India Q3 Net falls 9% to Rs 42.57 crore

State-owned power trading solutions company PTC India today reported a 9.07 per cent decline in net profit at Rs 42.57 crore for the quarter ended December 31, 2016.

Govt may rework indirect tax maths mid-way after GST entry

Perhaps in a first, the government may have to recalibrate its budgetary tax collection estimate half-way after the goods and services tax (GST) comes into effect from July.

Air India will register operational profit this fiscal: Sinha

Union Minister of State for Civil Aviation Jayant Sinha today expressed confidence that national carrier Air India will register operational profit in the current fiscal.

Limited room to reduce fiscal deficit to 3% in FY'18: Moody's

The credit rating agency expects the government to renew its commitment to increase capital spending and address the short-term disruptive impact of demonetisation in the Budget to be unveiled on February 1, 2017.

$10 bn run rate emotional milestone; optimistic for Q4: Sikka

"The USD 10 billion mark is a huge emotional, psychological milestone for us. And yes of course, our aspiration continues to be USD 20 billion, 30 per cent margin and USD 80,000 Rev per employee and that is something that we are absolutely working hard towards," Sikka said.

MSME sector growth to be muted due to demonetisation:Crisil

Demonetisation will pull down growth of the MSME sector in the current fiscal, even as it engineers a substantial shift away from cash transactions for nearly half of their clients, a nationwide survey by Crisil has revealed.

Iron-ore production jumps 25% in Apr-Sept

The mining sector has seen a healthy growth in the current fiscal, a top government official said here today.

Fiscal deficit hits 83.9% of Budget estimate in first half

The fiscal situation in April-September deteriorated over the year ago as the deficit then stood at 68.1 percent of the Budget estimate of 2015-16.

Q2 shows near-term volumes bottoming out for FMCG cos: Religare

Varun Lohchab sees a same store sale growth (SSSG) at 5-6 percent for the next year for Jubilant Foodwork. He adds that Jubilant's growth in the second quarter has come at the cost of margins.

New press may lift sales by 10-15% in FY17: Ramkrishna Forgings

Ramkrishna Forgings may see its revenue rise by 10-15 percent in the current fiscal due to a new press it has recently commissioned, says Chief Financial Officer, Rajesh Mundra.

April-May fiscal deficit at 43% of Budget estimates

The fiscal deficit situation during April-May of the last fiscal was 37.5 percent of the Budget estimates.

TV business had a blockbuster year: Balaji Telefilms

Delay in film releases and weak collections hurt the consolidated revenues, says Sanjay Dwivedi Group CFO Balaji Telefilms.

Luxury Hotels Group to add 200 hotels in India this fiscal

The group has 150 hotels ranging from three-star to five-star properties under its umbrella in India.

Tea output eases to 1,127.7 million kg in April-January

The tea output during the first 10 months of the last fiscal stood at 1,137.2 million kg, according to the Tea Board data.

Sebi spends Rs 7cr on investors awareness prog in Apr-Dec FY16

Markets regulator Sebi has spent Rs 7 crore on investor awareness programme in the first nine months of the current fiscal, Parliament was informed today.

Railways to get budgetary support of Rs 4,301 cr in FY17

In the current fiscal, the budgetary support has been lowered by Rs 1,007 crore from Rs 4,729 crore to Rs 3,721 crore, according to the Railway Budget for 2016-17, which was tabled by Railway Minister Suresh Prabhu in Parliament today.