Subdued demand in the economy has resulted in revenue from the Goods and Services Tax dropping for the second consecutive month in September to a 19-month low of ₹91,916 crore. However analysts said the coming festive months should see an uptick in receipts. Official data released on Thursday showed that the collections in September fell […]
Union Finance Minister Nirmala Sitharaman on Saturday proposed a budgetary allocation of ₹70,000 crore for the Indian Railways, with overall capital expenditure of ₹1.61 lakh crore for the next financial year in the Union Budget. While the capital expenditure for 2020-21 saw an increase of a mere 3% from ₹1.56 lakh crore (revised estimates) for […]
While the central bank has struck a cautious note on further interest rate cuts given a spike in inflation over the last few months, Principal Economic Adviser in the Finance Ministry Sanjeev Sanyal believes there is more room for monetary policy actions to spur growth. You are optimistic of growth rebounding to 6% to 6.5% […]
