New Delhi, Feb 10 (IANS) The Nifty Midcap 150, despite a one‑month decline of 3.53 per cent in January, emerged as a top gainer on annual basis, delivering one‑year returns of 8.26 per cent, a report said on Tuesday.The report from Motilal Oswal Mutual Fund said the index delivered returns of -2.52 per cent and 0.61 per cent over the last three months and six months respectively.Commodities were the only positive contributor to the Nifty 500 in January, the report further said. Among sectors…
Latest GST News & Updates
Jaipur, Feb 9 (IANS) Rashtriya Loktantrik Party (RLP) President and Nagaur Lok Sabha MP, Hanuman Beniwal, on Monday, raised a query in the Lok Sabha regarding GST reforms on personal life insurance and health insurance policies. He said that despite the Union government reducing GST to zero on these insurance products, insurance companies in Rajasthan and several other states have increased base premiums by 8 to 12 per cent.Nagaur MP Beniwal asked the Union government on what concrete action pla…
New Delhi, Feb 9 (IANS) India’s real gross domestic product (GDP) is likely to expand 6.4 per cent in fiscal 2026‑27 — the fastest among G20 economies — driven by strong domestic consumption and policy measures, a new report has said.The report from Moody’s Ratings said the country’s banking system outlook remains broadly favourable amid sufficient reserves to absorb loan losses.The operating environment for banks will remain strong in 2026, supported by robust macroeconomic conditions…
Mumbai, Feb 9 (IANS) About 4.76 lakh Kisan Credit Cards (KCCs) have been issued and Rs 3,214.32 crore disbursed under fisheries lending schemes (as of June 2025), and over Rs 13,000 crore loans have been approved for the fisheries sector under various schemes, the government said on Monday.Under the Fisheries and Aquaculture Infrastructure Development Fund, 178 proposals for financing worth over Rs 6,369 crore loans were approved as of July 2025, an official statement said.The KCC for Fisheries,…
Shimla, Feb 8 (IANS) Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday said that the report of the 16th Finance Commission would have a long-term impact on the state’s economy, including the upcoming Budget for 2026-27. He made this comment after the presentation on the state’s financial position and the effects of the abolition of the Revenue Deficit Grant (RDG) by the Finance Department.“Abolition of RDG is not the issue of a government, but it is a matter of the rights of…
New Delhi, Feb 7 (IANS) The Indian stock markets remained volatile during the week but ended with healthy gains, after the announcement of the India-US trade deal sparked a strong recovery, helping domestic indices absorb the early weakness following the increase in securities transaction tax (STT) on derivatives in Budget 2026–27, analysts said on Saturday.Bullish momentum resurfaced towards the end of the week with supportive global and domestic triggers outweighing initial Budget-related co…
New Delhi, Feb 6 (IANS) The recently concluded India-EU free trade agreement (FTA) and the prospective India-US trade deal, along with several other trade agreements, will support exports over the medium-term, RBI Governor Sanjay Malhotra said on Friday.Services exports should remain resilient, he said during the RBI MPC meeting which kept the key policy rate unchanged.However, “the spillovers emanating from geopolitical tensions, volatility in international financial markets and shifting trad…
Mumbai, Feb 6 (IANS) The Reserve Bank of India has raised its real GDP growth projections for Q1 and Q2 of 2026-27 to 6.9 per cent and 7.0 per cent, respectively, RBI Governor Sanjay Malhotra announced on Friday.Explaining the rationale behind the hike in the growth forecast, Malhotra said, looking ahead, sustained buoyancy in the services sector, GST rationalisation, healthy rabi prospects, monetary easing and benign inflation environment should support private consumption. Investment activity,…
New Delhi, Feb 2 (IANS) Retired IRS officer and former Assistant Director of the Enforcement Directorate, Anil K. Rawal, on Monday described this year’s Union Budget as a positive and forward-looking policy document that focuses on long-term economic stability rather than short-term market reactions.Speaking to IANS on the budget, Rawal said people should not judge it based on stock market movements.”The budget clearly reflects the government’s direction and long-term priorities,” Rawal told…
Chennai, Feb 2 (IANS) Tamil Nadu BJP spokesman and senior leader A.N.S. Prasad said the Union Budget 2026-27 is a powerful reflection of India’s historic economic transformation under the decisive leadership of Prime Minister Narendra Modi, marking the nation’s journey from vulnerability to global leadership. Recalling the situation in 2013, Prasad said India was then derisively labelled part of the “Fragile Five”, a period marked by policy paralysis, corruption scandals, widening fiscal…