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"fiscal"

  • Revenue collections continue to dip in Telangana

    Telangana is facing a significant dip in revenue collections, with receipts for the current fiscal year lagging behind last year's collections.
  • RBI Study of State budgets disproves Congress claims on Telangana’s fiscal condition

    Under the BRS government, Telangana achieved a remarkable 15.9% Compound Annual Growth Rate (CAGR) in development expenditure, surpassing the national average by 5.81%
  • Telangana’s fiscal health prudent with surplus revenue

    The financial prudence of the previous BRS government maintained a revenue surplus budget for most financial years, except for three years affected by the COVID-19 pandemic.
  • Union Budget: Relief for salaried class under new tax regime; 50 percent hike in standard deduction to Rs 75,000

    The standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000 annually. Similarly, deduction on family pension for pensioners is proposed to be enhanced from Rs 15,000 to Rs 25,000.
  • Singareni plans to produce 200 lakh tonnes coal next fiscal

    SCCL has plans to produce 200 lakh tonnes of coal from its four new opencast mines in the next financial year.
  • Telangana likely to witness higher growth rate during 2023-24 fiscal: Harish Rao

    Finance Minister T Harish Rao has said the State was likely to witness higher growth rate during the upcoming fiscal year
  • Telangana’s fiscal health in green

    Hyderabad: It’s official now! Telangana’s repeated contention that it was a pure political play on the part of the BJP government at the Centre in not allowing the State to raise open market borrowings (OMBs) and that it was not based on any fiscal issue has been virtually acknowledged by the country’s Central bank. By […]
  • Fiscal deficit at 9.3 pc of GDP in 2020-21: Govt data

    As per the CGA data for fiscal 2020-21, the tax revenue collection was 105.9 per cent of the Revised Estimates (RE) presented in the budget.
  • Sundaram Home Finance to raise Rs 2,500 cr

    The total disbursements made were Rs 1,254.05 crore against Rs 2,112.09 crore registered year ago.
  • HSIL Q4 net profit up multi-fold

    Company’s total income went up by 36.3% to Rs 638 crore year-on-year basis, compared to Rs 468 crore during the corresponding quarter of the previous year
  • Inflow into gold ETFs climbs over 4-fold in FY21

    According to the Amfi data, investors put in a net sum of Rs 6,919 crore in 14 gold-linked ETFs in the just-concluded financial year, much higher than the Rs 1,614 crore invested in 2019-20
  • Indian rupee logs over 4% gain this fiscal

    The financial year 2020-21 has been a roller-coaster ride for the rupee due to Covid-19. The pandemic-induced massive sell-off in the equity market led the rupee breach record low of 76.90.
  • Rural infra development fund increased to Rs 40,000 cr in FY22: FM 

    Presenting the Union Budget for 2021-22, she also said the operation green scheme will cover 22 more perishable commodities while announcing the development of five major fishing hubs.
  • FM proposes sharp hike in capital expenditure to Rs 5.54 lakh crores

    Presenting the Union Budget for 2021-22, she said Railways will monetise dedicated freight corridors.
  • Amazon invests Rs 11,400 cr in India in FY20

    In January this year, Amazon founder Jeff Bezos had announced $1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online.
  • Coal India aims at substituting 80-85 mt of imported fuel in FY’21

    The miner has asked power plants in the coastal areas to submit proposals for a gradual increase of its supplies to these units to reduce foreign exchange outgo, the Coal India official said.
  • Indian economy witnessing recovery: Finance Ministry

    The decline in the GDP narrowed to 7.5 per cent in the second quarter of this financial year, over 23.9 per cent in April-June quarter
  • Indian economy to see positive growth in Q4: Niti Aayog

    We have now shrugged off the negative impact of the pandemic and are moving towards a sustained high growth trajectory in the coming years, said Niti Aayog Vice-Chairman
  • Fund raising via bonds climbs 28 per cent

    The funds were mopped up to strengthen balance sheets, retire existing debt and support working capital requirements
  • Gold loan NBFCs to witness 15-18% growth in FY21

    With the Covid-19 pandemic-driven lockdowns being lifted slowly and economic activity clawing back, demand for gold loans would rise, especially from individuals meeting urgent personal requirements
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