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Category: Business

Currency Notes in Circulation More Than Double in Nine Years, Reaching Rs 31 Lakh Crore

NEW DELHI: According to Finance Minister Nirmala Sitharaman, as of March 2022, currency notes worth Rs 31.33 lakh crore were in circulation in India. This represents a significant increase from the Rs 13 lakh crore in circulation in 2014. The currency in circulation includes both banknotes and coins, and constituted 13.7% of the country’s GDP…

Big Stories, Business, National

“February GST Collection Surpasses 1.49 Lakh Crore, Cess Collection Hits Record High”

NEW DELHI: The finance ministry announced on Wednesday that GST collections for February had surpassed 1.49 lakh crore, an increase of 12 percent. The month also saw the highest-ever collection of cess since the implementation of GST, at Rs 11,931 crore. However, the collection is lower than January’s second-highest recorded GST mop-up of over Rs…

Business, Big Stories, Top

India overtakes France to become largest market for Scotch whiskey: Report

NEW DELHI: According to the latest figures, India has become the biggest buyer of Scotch whiskey by leaving France. According to the report by the Scotch Whisky Association the Indian Scotch market has grown more than 200 percent in the past decade. The report cited that India imported 219 million 70cl bottles of Scotch compared…

Big Stories, Business, Top

Biggest fall in Adani Enterprises even on 7th day, erodes 76% wealth since Dec, what to happen to Adani Groups now?

Opposition leaders to held meeting in Parliament House on Adani case, demand for independent investigation MUMBAI: The share price of Adani Enterprises took a fresh knock on February 3, plunging 35 percent in the morning trade, a day after it was placed under National Stock Exchange’s Additional Surveillance Measure framework. America’s short selling company Hindenburg Research has accused Adani…

Top, Business, Latest News, National

Budget 2023: Big relief to middle class and taxpayers in Nirmala Sitharaman’s budget, see what has become cheaper

NEW DELHI: Finance Minister Nirmala Sitharaman presented her fifth budget on Wednesday. Which is the last full budget of the second term of the Modi government. In the beginning of the budget speech, Nirmala Sitharaman said that this is the first budget of Amritkal and it takes forward the picture which was made in the…

National, Business, Latest News, Top

Budget 2023 Expectations: Important news related to economy before Union Budget

Budget 2023: Ahead of the Budget session, Union minister of state for finance Pankaj Chaudhary on Tuesday said “elections keep coming,” the Union Budget for 2023-24 will focus on improving the economic conditions of the people, not the polls. “As far as budget is concerned in view of elections, elections keep coming and going, but…

Business, Latest News, Top

Gautam Adani dropped out of 10 richest billionaires list of the world

NEW DELHI: Gautam Adani, the founder of the Adani Group, has been out of the list of ten richest people in the world on Tuesday. After the American financial firm Hindenburg Research made serious allegations related to financial irregularities on the Adani Group, the shares of companies associated with it are declining. According to the…

Big Stories, Business, Top

Hindenburg replied to Adani Group’s 413-Pages response, says-‘Fraud is Fraud, it can’t be hidden behind nationalism

NEW DELHI: American forensic financial company Hindenburg has given its response to the 413-page reply given by Adani Group. In the constant back and forth between the Adani Group and the Hindenburg Research, all because of a report alleging fraud by Adani, the latest developments point to Hindenburg’s response. Hindenburg had made serious allegations related…

Top, Business, Latest News, National

Google announces 12,000 employees to be fired from parent company Alphabet

WASHINGTON: Google’s parent company Alphabet is going to lay off employees on a large scale. The company announced on Friday that it has decided to lay off 12,000 employees, or 6 percent of its workforce. According to the news agency AFP, Sundar Pichai, Alphabet’s CEO, said in a staff memo shared with Reuters that the…

Business, Big Stories, Gadgets

Middle class families likely to get big relief in tax slab; Nirmala Sitharaman ahead of budget

FM said I Belong To Middle Class, Know Issues NEW DELHI: Ahead of Union Budget, Union Finance Minister Nirmala Sitharaman has said that she herself belongs to the middle class, in such a situation she understands very well the increasing pressure on this class. On Sunday, Sitharaman said that she was aware of the pressures…

Business, Latest News, National