Bollywood and Hollywood come together to keep theatres occupied and ensure a yet another bountiful weekend at the box office.
There is a lot of optimism as regards the defence, railway and manufacturing sectors.
Singh also said a final decision on the launch of India's sun mission 'Aditya-L1', scheduled for September 2 at present, will rest on the prevailing cosmic aspects.
The rating agency also expects merchandise exports to grow by 8-10 per cent in the next fiscal year.
'While there has been an impact on economic activity, it is not as profound as the lockdown last year.'
Railways to have functional autonomy, bear salary burden
India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said on Sunday. Goyal in an interview to PTI said the management of the COVID-19 pandemic and gradual unlocks announced by the government have helped in avoiding multiple COVID-19 peaks. The growth estimates by different agencies are being continuously revised, she said.
Top gainers in the Sensex pack included Bharti Airtel, Tata Motors, IndusInd Bank, Kotak Bank, Hero MotoCorp, Asian Paints and PowerGrid, which rose up to 2.53 per cent.
organic awareness for the film coupled with the fact that there was no other Bollywood release in the running meant that The Kerala Story released on over 1,000 screens.
The government further said the gross tax revenue as a per cent of GDP is expected to increase to 12.1 per cent of GDP in 2019-20 and stabilise at that level in 2020-21 before climbing up to a level of 12.2 per cent of GDP.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
The Budget oration of the finance minister and the confidence with which she delivered it, along with the measures and the recent upsurge in the economy would all contribute to unleashing the storied 'animal spirits' and help the economy run on the growth path quite smoothly. Or so the government hopes, notes Shreekant Sambrani.
The government on Tuesday exuded confidence that revenues from sale of spectrum for 3G telephony and broadband may touch Rs 50,000-55,000 crore (Rs 500-550 billion), beating the budget estimates of Rs 35,000 crore (Rs 350 billion).
Anticipating an adverse impact in view of a bad monsoon, Finance Minister Pranab Mukherjee on Tuesday set an ambitious direct tax collection target for the current fiscal, revising it upward to Rs 4 lakh crore, up Rs 30,000 crore (Rs 300 billion) over the Budget estimates.
India's fiscal deficit shot up over 23 per cent to Rs 3.80 lakh crore in the first eleven months of this fiscal
The Economic Survey states that the rationalisation and reprioritisation of subsidies through better targeting would play a vital role in fiscal consolidation and in targeting expenditure more towards inclusive development.
India's fiscal deficit soared by 34 per cent to Rs 3.5 lakh crore in the first ten months of the financial year against Rs 2.62 lakh crore a year ago, mainly on account of the stimulus measures taken by the government to prop up the economy hit by the global financial crisis.
According to the latest Budget papers, the staff strength of central ministries and departments is estimated to rise by 276,796 to 3.44 million at the end of FY23, it would be up by 109,266 to 3.55 million in March 2024.
The gauge for the performance of informational technology (IT) stocks soared nearly 5 per cent-most in nearly three years-as growth worries eased following a robust order book posted by bellwether Tata Consultancy Services (TCS). The Nifty IT index rose 4.5 per cent to close at 30,945. This was the biggest single-day gain since September 14, 2020. Industry titan TCS' shares rose 5 per cent to Rs 3,509.
The ministry of finance has assured the Planning Commission of at least 15 percent increase in gross budgetary support for 2010-11, over the 2009-10 budget estimates.
'We have already given Rs 1.59 trillion to states.' 'So, there is no question of giving them more.'
Govt could cut the GST rate payable every time someone buys a health insurance product; or it could also provide a larger income tax set off for those who buy a health insurance product
For the cooperation ministry, the government made a total budget outlay of Rs 1,150.38 crore for 2023-24, lower than the revised estimate of Rs 1,624.74 crore for 2022-23.
The fiscal deficit totalled Rs 83,394 crore (Rs 833.94 billion) at the end of November, representing 61.5 per cent of the Budget estimate of Rs 1,35,524 crore (Rs 1.355.24 billion), according to data released on Tuesday.
Gross direct tax collection in 2022-23 rose by around 20 per cent to Rs 19.68 lakh crore, exceeding the government's revised collection target. Buoyed by personal income tax collection, the gross collection has exceeded the revised estimates (RE), set on February 1, by Rs 2.41 lakh crore or by 16.97 per cent. After adjusting for refunds, the net income tax paid by individuals and corporate, showed an increase of 18 per cent to Rs 16.61 lakh crore during the fiscal, which ended March 31, 2023.
'With Ramaland, the tourism department is looking to attract children and adults alike. It'll be learning with entertainment.'
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
Government has allocated Rs 988 crore (Rs 9.88 billion) in Budget estimates for 2007-08 for increasing infrastructure of IIT institutions.
Ehile the Centre had projected tax revenues to touch 12.1 per cent of GDP in FY19, Revised Estimates peg the collections at 11.9 per cent, owing to a shortfall in the goods and service tax (GST) collections, reports Ishan Bakshi.
The threshold limit for deduction of tax at source has been raised for unusual income such as winnings from horse race, commission
Surplus in March, the last month of a financial year, has helped the government reduce fiscal deficit in the last few years.
Quarterly revenues may be volatile, as spending will be driven by the global macroeconomic situation
'Investors should ideally consider equity allocations from a medium-to-long term perspective.'
8 out of 10 households are planning to cut their tomato consumption if prices stay in the Rs 75-150 kg range over the next three months.
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