New Delhi, May 31 (IANS) The Reserve Bank of India (RBI) is widely expected to keep its benchmark policy rate unchanged at 5.25 per cent when the Monetary Policy Committee (MPC) concludes its three-day meeting on June 5, as policymakers weigh mounting global uncertainties and their potential impact on inflation and economic growth.Market participants and economists anticipate that the central bank will maintain its cautious stance, choosing to closely monitor evolving developments in West Asia a…
Latest fiscal year News & Updates
Mumbai, May 28 (IANS) Defence public sector undertaking Bharat Dynamics Limited on Thursday reported a 59.5 per cent decline in earnings for the fourth quarter of fiscal 2026 (Q4 FY26).The company posted a profit of Rs 113 crore for the quarter ended March 31, compared to Rs 273 crore reported in the corresponding quarter of the previous financial year (Q4 FY25), according to its stock exchange filing.Revenue from operations also witnessed a steep fall of 73 per cent year-on-year to Rs 480 crore…
New Delhi, May 22 (IANS) The Indian organised gold jewellery retail sector, comprising jewellery, coins and bars, is poised to achieve a robust revenue growth of 20-25 per cent year-on-year this fiscal (FY27), driven by higher realisations, despite the expected decline in volume due to high prices of gold and recent policy measures to curb imports of the metal, a new report showed on Friday.High prices of gold will lead to increased inventory holding costs and higher bank borrowings. However, an…
Mumbai, May 21 (IANS) Government-owned Life Insurance Corporation (LIC) on Thursday reported a 23 per cent growth in its consolidated net profit at Rs 23,467 crore in the fourth quarter of the financial year 2025-26, compared with Rs 19,039 crore in the same period of the previous year.The LIC board recommended final dividend of Rs 10 per equity share of Rs 10 each (equivalent to Rs 20 per equity share pre-bonus issue basis).The record date for determining the eligibility of the investors for…
Kolkata, May 13 (IANS) West Bengal Chief Minister Suvendu Adhikari will chair a crucial meeting at the current state secretariat in Nabanna in Kolkata-adjacent Howrah district on Wednesday to review the functioning and performance of as many as 41 state government departments.An insider from the state secretariat said that the review meeting is expected to be a marathon one since it is intended to identify the functional lapses of these departments and suggest measures to improve.Five representa…
New Delhi, April 30 (IANS) While the West Asia conflict constitutes a significant supply shock, India’s domestic demand, policy buffers, resilient financial system, and sustained public investment provide some insulation, according to the Finance Ministry’s monthly economic review for April.While supply-side stresses are becoming increasingly evident, the report said demand conditions in March, as evident from retail vehicle sales as well as tractor sales, still appear reasonably robust. “…
New Delhi, April 11 (IANS) Amid escalating geopolitical tensions, the Asian Development Bank (ADB) has lowered Bangladesh’s economic growth forecast to 4 per cent for the current fiscal year ending in June, down from its earlier projection of 4.7 per cent, citing higher fuel prices and disruptions in global supply chains, according to a new report.According to the report by The Daily Star, the ADB has projected economic growth of 4.7 per cent for the next fiscal year (2026–27).The bank has r…
Washington, April 9 (IANS) Bangladesh’s economy is expected to see a gradual recovery after a period of slowdown, supported by improving domestic demand and stabilising conditions, the World Bank said.Growth is projected at 3.9 per cent in fiscal year 2025-26, reflecting the impact of earlier political unrest and external pressures on economic activity, according to the World Bank’s latest assessment.The report said the economy is recovering from disruptions linked to political instability i…
New Delhi, April 1 (IANS) Domestic gross GST collections rose 8.8 per cent year-on-year to Rs 2 lakh crore in March 2026, driven by steady domestic revenues and a sharp uptick in import-related collections, according to official data released on Wednesday.Gross GST revenue stood at Rs 2,00,064 crore in March, compared to Rs 1,83,845 crore in the same month last year. The growth was led by a strong 17.8 per cent rise in import revenues, while domestic revenues increased at a relatively moderate p…
New Delhi, March 27 (IANS) India’s automobile sector growth is likely to moderate in FY27 after a strong, policy‑led expansion in FY26, with demand having benefited from GST cuts, improved affordability and resilient economic activity, a report said on Friday.The report from ICRA said GST changes primarily drove the demand, by improving affordability in two‑wheelers and enhancing fleet economics in commercial vehicles.The commercial vehicle segment led the upcycle aided by GST rate cuts, h…