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…
Latest fiscal year News & Updates
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…
New Delhi, March 23 (IANS) India is set to roll out the new Income Tax Act, 2025 from April 1, 2026, but taxpayers need not worry about filing this year as returns can be prepared and filed under the existing Income Tax Act, 1961, officials and tax experts said, ensuring a smooth, year‑wise transition.The current law will continue to apply for this filing cycle, they said, adding that the government is adopting a clear, phased approach.Income for FY26 (April 1, 2025–March 31, 2026) will be a…
New Delhi, March 19 (IANS) India’s Infrastructure Investment Trusts (InvITs) are expected to see the industry’s assets under management grow by about Rs 1 lakh crore in FY26, a report said on Thursday.The report from CareEdge Ratings said AUM of these trusts doubled from about Rs 3 lakh crore in FY22 to roughly Rs 6.25 lakh crore by FY25.Combined leverage or total external debt to enterprise value is expected to remain at around 49 per cent in FY26, driven by higher valuations from equity ra…
Mumbai, Feb 16 (IANS) Currency in circulation (CiC) in India reached an all‑time high of about Rs 40 lakh crore by January 2026 end, with year‑on‑year growth accelerating to 11.1 per cent from 5.3 per cent last year, a report said on Monday.The report from SBI Research said on an incremental basis (YTD), the currency with public (CWP), accounting for 97.6 per cent of the circulated currency, reached an all time high of around Rs 39 lakh crore. Meanwhile, CiC surged Rs 2.76 lakh crore or 3….
New Delhi, Feb 13 (IANS) The Rajya Sabha was adjourned on Friday till March 9, marking the conclusion of the first phase of the on-going Budget Session of Parliament. This adjournment follows a similar move in the Lok Sabha earlier in the day, as both Houses entered a three-week recess.Twenty seven permitted special mentions by members who were present were deemed to have been laid on the table of the House. These special mentions, a procedural mechanism allowing lawmakers to highlight urgent pu…