Page 3 - Economy News
Nearly 750,000 recipients of PMJAY linked to same phone number: CAG report
The Comptroller and Auditor General of India (CAG) also revealed that more than 139,000 beneficiaries have been linked to the number 8888888888
 "Nearly 750,000 recipients of PMJAY linked to same phone number: CAG report")
Spurring fiscal equality: Ratio of GST to GSDP higher in poorer states
One aspiration for the GST system was that it would lead to regional development as it is a destination-based tax regime
 "Spurring fiscal equality: Ratio of GST to GSDP higher in poorer states")
Income tax department keeps tolerance range intact for transfer pricing
"It would have been worthwhile if the said range could have been revisited and reviewed," Amit Maheshwari, tax partner at AKM said
 "Income tax department keeps tolerance range intact for transfer pricing")
BRICS countries likely to induct five new members in August summit
Saudi Arabia's entry almost certain; Indonesia, UAE, Egypt also in the fray
TCS banned 6 employees, 6 associate firms: Chandrasekaran on jobs scam
The largest IT services exporter is investigating the role of three more of its employees, Chandrasekaran said while speaking at the TCS annual general meeting
Govt unlikely to raise FY24 borrowing plan; bond yields may remain below 7%
Railways, NHAI asked not to borrow from market
RBI changes settlement, T-Bill auction date due to Bakri-Eid holiday shift
Auction for Govt of India T-bills, earlier set for June 29, will now be held on June 28, with settlement taking place on June 30
Transactions on GeM portal cross Rs 50,000 crore in first quarter
Provision of penal interest on delayed payments to start from July
India's current account deficit narrows to 0.2% of GDP in Q4 FY23
For FY23, it widens to 2% of GDP against 1.2% in FY22
Centre to renew consultation with firms shortlisted under PLI scheme
DPIIT asked to nudge ministries to hold talks with beneficiaries
Dealings in shares of at least three Adani companies under Sebi lens
Regulator probes possible breach of laws related to insider trading
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GDP preview: Why is India likely to retain fastest-growing economy tag
Growth in services and manufacturing and private investment rebound likely to have helped economy in Q4
 "GDP preview: Why is India likely to retain fastest-growing economy tag")
Traditional AI deployment of 70% companies has failed: BCG X executives
AI and GAI are beyond providing just efficiencies in data management, etc. It is about the transformation of business operations, said Sylvain Duranton, MD and senior partner
India and Indonesia to drive Asia's growth: Morgan Stanley, Nomura
While Morgan Stanley projected a 6.2 per cent GDP growth forecast for India in FY24, Nomura estimated the Indian economy to grow at 5.9 per cent in 2023
India's quantitative tightening
The persistent gap between credit and deposit growth has perplexed many. Could it be due to shortfalls in money injection by the RBI?
India's quantitative tightening
The persistent gap between credit and deposit growth has perplexed many. Could it be due to shortfalls in money injection by the RBI?
 "India's quantitative tightening")
War on inflation not over, we have to remain alert: RBI Guv Shaktikanta Das
Das said that India's GDP growth rate in FY23 may come out to be more than earlier predictions of 7%
Banks set for a profit boost as RBI calls for withdrawal of Rs 2,000 notes
The step could boost deposits by as much as 2 trillion rupees through the end-September deadline to exchange the notes, the asset manager said
Banks set for a profit boost as RBI calls for withdrawal of Rs 2,000 notes
The step could boost deposits by as much as 2 trillion rupees through the end-September deadline to exchange the notes, the asset manager said
 "Banks set for a profit boost as RBI calls for withdrawal of Rs 2,000 notes")
