The fertiliser subsidy, which amounted to Rs 81,124.33 crore in 2019-20, shot up to Rs 127,921.74 crore in 2020-21, Rs 153,758.10 crore in 2021-22 and Rs 251,339.35 crore in 2022-23, while budgeted at Rs 175,099.92 crore for the current fiscal.
The Reserve Bank of India had earlier noted that the new tax regime did not help kick-start the intended investment cycle.
Union Minister Nitin Gadkari on Tuesday said that there is not any proposal under active consideration by the government over an additional 10 per cent GST on the sale of diesel vehicles.
Reliance Industries Ltd on Friday reported a 27 per cent jump in its September quarter net profit as earnings from the oil and gas business rebounded, and a pick-up in fashion and grocery helped boost retail revenues.
Go First has not flown since May 3, as the Wadia group airline filed for voluntary insolvency with the NCLT on May 2
Dr Panagariya is a professor at Columbia University, USA.
Among the Sensex firms, Larsen & Toubro, NTPC, Asian Paints, Maruti, Sun Pharma, ITC, IndusInd Bank and State Bank of India were the major gainers.
The IMF, in a so-called article IV review, said India’s general government debt, which includes federal and state government debt, could be 100% of GDP under adverse circumstances by fiscal 2028.
Issuing notice to the company on the plea by the GST Directorate, a three-judge bench presided by Chief Justice of India D Y Chandrachud stayed the May 12, 2023, order of the HC.
Currently, Air India operates daily flights to Bangkok from Delhi and Mumbai, to Singapore from Delhi, Mumbai, and Chennai, and thrice a week to Hong Kong from Delhi.