Governor of the Reserve Bank of India Shaktikanta Das stated on Saturday that the country’s growth in the first quarter of current fiscal year was less than anticipated because the general elections caused a decline in government expenditure and a downturn in the agriculture sector. India’s gross domestic product (GDP) growth was 6.7 per cent … Read more
The provisional figures of Direct Tax collections for the Financial Year 2024-25 (as on 17.06.2024) show that Net collections are at Rs. 4,62,664 crore, compared to Rs. 3,82,414 crore in the corresponding period of the preceding Financial Year (i.e. FY 2023-24), representing an increase of 20.99%. The Net Direct Tax collection of Rs. 4,62,664 crore (as on 17.06.2024) includes Corporation … Read more
The combined Index of Eight Core Industries (ICI) increased by 6.7per cent (provisional) in February 2024 as compared to the Index of February 2023. The production of Coal,Natural Gas,Cement, Steel, Crude Oil,ElectricityandRefinery Productsrecorded positive growth in February 2024. The details of annual and monthly indices and growth rates are provided at Annex I andAnnex II respectively. … Read more
The coal sector has demonstrated highest growth of 10.2 % (provisional) among the eight core industries for the month of January 2024 as per the Index of Eight Core Industries (ICI)) (Base Year 2011-12) released by Ministry of Commerce & Industries. The index of coal industry has reached 218.9 points during Jan’24 as compared to … Read more
According to statistics issued by the Ministry of Commerce and sectors, the Index of Coal Industry increased by 10.9% (provisional) among eight essential sectors in November 2023. Coal Sector scored 185.7 points in November, up from 167.5 points the previous month. The cumulative index of the coal sector climbed by 12.8% from April to November … Read more
S&P Global said in its latest report on Thursday that India’s economic growth prospects remain strong in the medium term, with GDP expected to grow between 6% and 7.1 percent annually in 2023-24 (FY24) through 2025-26. “The economic growth momentum is expected to continue.” “Over the medium term, India’s economic growth prospects should remain strong, … Read more