New Delhi, June 30 (IANS) The Finance Ministry on Tuesday said advanced technologies such as artificial intelligence (AI), machine learning and data analytics are playing a key role in strengthening Goods and Services Tax (GST) administration by helping authorities detect potential tax evasion while reducing compliance burdens for honest taxpayers.According to the ministry, these technologies are being deployed across critical processes, including GST registration and scrutiny, to analyse data p…
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New Delhi, March 13 (IANS) India’s GDP is expected to grow 7.5 per cent in the fiscal year ending March 2026 higher than 7.4 per cent forecasted earlier, due to resilient domestic demand even as activity showed tentative slowing in January and February, a report said on Friday.Credit rating agency Fitch Ratings said domestic demand will drive the growth, with consumer spending and investment expected to expand by 8.6 per cent and 6.9 per cent, respectively, in FY26.High frequency indicators in…
New Delhi, March 8 (IANS) Foreign portfolio investors withdrew Rs 21,831 crore from Indian equities over the last week from four trading sessions amid deteriorating global risk sentiment tied to the West Asia conflict, exchange data showed.The recent sell-off followed a strong February, when FPIs infused Rs 22,615 crore into Indian equities, posting the largest monthly inflow in 17 months.Foreign investors were net sellers for three straight months prior to February, pulling Rs 35,962 crore in J…