New Delhi, July 24 (IANS) An SBI Research report on Friday estimated that after accounting for GST collections together with states’ share in basic excise duty (BED), states are expected to be net gainers by approximately Rs 1.43 lakh crore in FY27 compared to FY26.Going forward, the report expects a rebound in the GST collections and yearly growth in the range of 8-9 per cent and the moderation in collection is due to rate rationalisation, which is on expected lines.Under the revised framework,…
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New Delhi, July 24 (IANS) India’s automotive retail sales rose 28.6 per cent year‑on‑year in July 1–23, with all segments expanding compared with the same period last year, a report said on Friday.The report from Choice Institutional Equities said two‑wheeler sales grew 31 per cent YoY, while passenger vehicle sales rose 20.6 per cent YoY, driven by strong demand in the SUV and passenger car segments.Commercial vehicle sales recorded 27.3 per cent YoY growth, while three‑wheeler sales …
Gandhinagar, July 22 (IANS) A total of 301 candidates were appointed as State Tax Inspectors in Gujarat on Wednesday, with Chief Minister Bhupendra Patel urging the recruits to discharge their responsibilities with integrity, improve the state’s revenue collection, encourage investment and ensure taxpayers do not face unnecessary difficulties. The appointment letters were distributed at a ceremony in Gandhinagar by the Chief Minister in the presence of Deputy Chief Minister Harsh Sanghavi; Finan…
Amaravati, July 20 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Monday appealed to the Centre to protect the interests of aquaculture and tobacco farmers. The Chief Minister has written separate letters to the Central ministers.In a letter to the Union Minister of Fisheries, Animal Husbandry and Dairy Development, Rajiv Ranjan Singh, the Chief Minister urged the Centre to permit shrimp feed manufacturers to import genetically modified (GM) soybean meal to support the aquaculture …
Bhopal, July 18 (IANS) The Bharatiya Kisan Sangh (BKS) on Saturday strongly backed the Centre’s ethanol blending programme, dismissing allegations that ethanol production leads to excessive water consumption and asserting that the biofuel is in the interest of both farmers and the country. Addressing a press conference here, BKS National President K. Sai Reddy said misinformation was being spread about ethanol and claimed it helps increase farmers’ income, reduce dependence on imported crude…
New Delhi, July 18 (IANS) Finance Minister Nirmala Sitharaman on Saturday said India has transformed into a preferred destination for innovation and enterprise, urging young entrepreneurs to seize emerging opportunities and build globally competitive businesses from the country.Addressing the Special Plenary Session of the YiFi Entrepreneurship Summit 2026 in Madurai, Tamil Nadu, FM Sitharaman said India today offers a stable policy environment, regulatory certainty and world-class infrastructur…
New Delhi, July 14 (IANS) As many as 14 out of the 19 sub-sectors recorded double-digit growth in April 2026 as compared to April 2025 in the first sub-sectoral Trial Index of Services Production (ISP) with base year as 2024-25, the Ministry of Statistics and Programme Implementation (MoSPI) said on Tuesday.Nearly all the categories recorded positive growth during the month. These 19 sub-sectors cover about 60 per cent of the services sector, the official statement said.Top sub-sectors reporting…
New Delhi, July 14 (IANS) Around 9 crore micro, small and medium enterprises (MSMEs) have been registered under the government’s Udyam Registration Portal and Udyam Assist Platform, providing employment to over 38 crore people across the country, according to an official statement on Tuesday.The two digital platforms have been launched to formalise enterprises, expand access to government support and strengthen the country’s MSME ecosystem, according to a statement from the Ministry of Micro, Sm…
Guwahati, July 12 (IANS) Assam Chief Minister Himanta Biswa Sarma said on Sunday that the state government has amended the Assam Minor Mineral Concession Rules, 2013, to strengthen transparency, plug revenue leakages and promote sustainable management of natural resources. Sharing details of the Cabinet decision in a post on social media platform X, the Chief Minister added that those benefiting from the state’s natural resources must also contribute to restoring the environment.”Those who benef…
New Delhi, July 12 (IANS) The Confederation of All India Traders (CAIT) on Sunday welcomed the government’s decision to launch the ‘High-Frequency Economic Barometer’ on July 14, saying it will empower small businesses and accelerate India’s economic growth.The traders’ body described it as a historic and transformative initiative under the visionary leadership of Prime Minister Narendra Modi to make economic governance more modern, dynamic, and data-driven.The Barometer will assess th…