New Delhi, May 12 (IANS) The net profit of public sector banks recorded a robust 11.1 per cent increase to scale an all-time high of Rs 1.98 lakh crore in FY 2025–26, marking the fourth straight year of profitability as reforms and strengthened governance practices have reinforced healthier balance sheets, enhanced operational resilience, and strong capital adequacy, the Finance Ministry said on Tuesday.Improved asset quality, healthy credit expansion and higher income contributed to improved …
Latest Fiscal year 2025-26 News & Updates
New Delhi, May 1 (IANS) The gross Goods and Services Tax (GST) collection surged 8.7 per cent (year-on-year) to a record Rs 2,42,702 crore in the month of April despite geo-political uncertainties, latest official data showed on Friday.Net GST revenue for last month stood at Rs 2,10,909 crore, registering a 7.3 per cent annual growth (after accounting for refunds).Total refunds jumped 19.3 per cent (on-year) to Rs 31,793 crore, leading to a net GST revenue of Rs 2,10,909 crore for the month.The …
Kathmandu, April 28 (IANS) Nepal’s prolonged sluggish economic growth is likely to continue in the current fiscal year 2025-26, with the National Statistics Office projecting growth at 3.85 per cent on Tuesday. Though this is slightly higher than the government’s revised projection of 3.5 per cent made in February, it reflects the continuing low-growth trajectory since Covid-19 struck the country in fiscal year 2019-20, when the economy contracted by 2.37 per cent.Nepal’s Finance Ministry stat…