Current Fiscal Year
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India's FDI Inflow Reaches $1 Trillion After 26% Rise In 1st Half Of FY25
A nearly 26 per cent rise in FDI to USD 42.1 billion during the first half of the current fiscal year 2024-25 helped India's gross foreign direct investment (FDI) inflows reach an impressive USD 1 trillion since the start of this century.
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India's Organic Food Export Growth Rises To $448 Million, Surpassing Last Year's Total
In the current financial year, the total amount of organic food product exports reached 263,050 metric tonnes (MT) till November 25 and the export of organic food products stood at $494.80 million last fiscal (FY24).
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Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
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India's Current Account Turns Surplus After Deficit In Last Quarter: Report
India has recorded an improvement in its current account, achieving a surplus of $5.7 billion, which equates to 0.6 per cent of its gross domestic product (GDP) in the fourth quarter of fiscal year 2024, according to a recent report by CRISIL.
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Infosys CEO Is One Of Highest Paid Indian IT Chiefs. His Salary Is...
Infosys CEO Salil Parekh's compensation rose 17.3% to 662.4 million rupees ($7.9 million) in fiscal year 2024, making him one of the highest paid Indian IT chiefs currently occupying office.
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Centre Rejects Reports Of Change In New Income Tax Regime From April 1
The finance ministry on Monday said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt out of the regime at the time of filing their ITR.
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Sony Readying a 'Pro' Version of PS5 This Year Ahead of GTA 6 Launch in 2025: Report
Sony could reportedly release a Pro version of the PlayStation 5 later this year to help PS5 sales find a second wind in the latter half of the current console generation. The PS5 has sold over 50 million units since its launch in November 2020, but the sales for the console are slowing down. Sony is set to miss its PS5 sales target for fiscal year...
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Advance Estimates Peg GDP Growth During 2023-24 At 7.3%
India's economy is expected to grow 7.3 per cent in the current fiscal year ending in March, the highest rate of the major global economies, helped by state spending and a pickup in manufacturing, the National Statistics Office said on Friday.
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Centre's Fiscal Deficit Touches 39% Of Full-Year Target In FY24's 1st Half
The central government's fiscal deficit touched 39.3 per cent of the full-year target in the first half of the current financial year, slightly higher than 37.3 per cent recorded in the year-ago period.
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World Bank Maintains India Current Fiscal Year Growth Forecast At 6.3%
The World Bank on Tuesday maintained its forecast for India's economic growth for the current fiscal year that started on April 1, saying the Indian economy continued to grow rapidly despite challenging external conditions.
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Direct Tax Collections Cross Rs 6.53 Lakh Crore So Far This Financial Year
Gross direct tax collection grew 15.73 per cent to Rs 6.53 lakh crore till August 10 in the current fiscal, the Income Tax department said today.
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GST Evasion Of Rs 14,302 Crore Detected In Current Fiscal Year: Centre
As many as 2,784 cases of GST evasion involving Rs 14,302 crore were detected in the first two months of the current fiscal, while Rs 5,716 crore was recovered during the period, Parliament was informed on Monday.
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India GDP To Grow 6.3% In FY24, Economic Prospects Brighten: Deloitte
India is likely to grow 6-6.3 per cent in the current fiscal year ending March 31, 2024, Deloitte India said in its economic outlook, forecasting growth surpassing 7 per cent over the next two years if global uncertainties recede.
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No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
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Fitch Raises India's GDP Forecast To 6.3% For Current Fiscal Year
Fitch Ratings on Thursday raised its forecast for India's economic growth to 6.3 per cent for current fiscal year 2023-24 from 6 per cent it had predicted previously.
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India's FDI Inflow Reaches $1 Trillion After 26% Rise In 1st Half Of FY25
A nearly 26 per cent rise in FDI to USD 42.1 billion during the first half of the current fiscal year 2024-25 helped India's gross foreign direct investment (FDI) inflows reach an impressive USD 1 trillion since the start of this century.
-
India's Organic Food Export Growth Rises To $448 Million, Surpassing Last Year's Total
In the current financial year, the total amount of organic food product exports reached 263,050 metric tonnes (MT) till November 25 and the export of organic food products stood at $494.80 million last fiscal (FY24).
-
Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
-
India's Current Account Turns Surplus After Deficit In Last Quarter: Report
India has recorded an improvement in its current account, achieving a surplus of $5.7 billion, which equates to 0.6 per cent of its gross domestic product (GDP) in the fourth quarter of fiscal year 2024, according to a recent report by CRISIL.
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Infosys CEO Is One Of Highest Paid Indian IT Chiefs. His Salary Is...
Infosys CEO Salil Parekh's compensation rose 17.3% to 662.4 million rupees ($7.9 million) in fiscal year 2024, making him one of the highest paid Indian IT chiefs currently occupying office.
-
Centre Rejects Reports Of Change In New Income Tax Regime From April 1
The finance ministry on Monday said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt out of the regime at the time of filing their ITR.
-
Sony Readying a 'Pro' Version of PS5 This Year Ahead of GTA 6 Launch in 2025: Report
Sony could reportedly release a Pro version of the PlayStation 5 later this year to help PS5 sales find a second wind in the latter half of the current console generation. The PS5 has sold over 50 million units since its launch in November 2020, but the sales for the console are slowing down. Sony is set to miss its PS5 sales target for fiscal year...
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Advance Estimates Peg GDP Growth During 2023-24 At 7.3%
India's economy is expected to grow 7.3 per cent in the current fiscal year ending in March, the highest rate of the major global economies, helped by state spending and a pickup in manufacturing, the National Statistics Office said on Friday.
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Centre's Fiscal Deficit Touches 39% Of Full-Year Target In FY24's 1st Half
The central government's fiscal deficit touched 39.3 per cent of the full-year target in the first half of the current financial year, slightly higher than 37.3 per cent recorded in the year-ago period.
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World Bank Maintains India Current Fiscal Year Growth Forecast At 6.3%
The World Bank on Tuesday maintained its forecast for India's economic growth for the current fiscal year that started on April 1, saying the Indian economy continued to grow rapidly despite challenging external conditions.
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Direct Tax Collections Cross Rs 6.53 Lakh Crore So Far This Financial Year
Gross direct tax collection grew 15.73 per cent to Rs 6.53 lakh crore till August 10 in the current fiscal, the Income Tax department said today.
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GST Evasion Of Rs 14,302 Crore Detected In Current Fiscal Year: Centre
As many as 2,784 cases of GST evasion involving Rs 14,302 crore were detected in the first two months of the current fiscal, while Rs 5,716 crore was recovered during the period, Parliament was informed on Monday.
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India GDP To Grow 6.3% In FY24, Economic Prospects Brighten: Deloitte
India is likely to grow 6-6.3 per cent in the current fiscal year ending March 31, 2024, Deloitte India said in its economic outlook, forecasting growth surpassing 7 per cent over the next two years if global uncertainties recede.
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No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
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Fitch Raises India's GDP Forecast To 6.3% For Current Fiscal Year
Fitch Ratings on Thursday raised its forecast for India's economic growth to 6.3 per cent for current fiscal year 2023-24 from 6 per cent it had predicted previously.
