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India will be over $10 trillion economy in next 25 yrs as per World Bank estimates

Akshat Mathur 0 Comments

India will be an economy with a GDP of more than $ 10 trillion, as estimated by the World Bank, said Foreign Minister (Department of Consular, Passport, Visa and Overseas Affairs of India) Sanjay Bhattacharyya on January 9. Pravasi Conference Bhartiya Diwas almost said, “In 25 years we will celebrate our centenary; Preparations are...

Federal Reserve’s Rate Hike Hint Sends Cryptos Crashing

Akshat Mathur 0 Comments

Mumbai: Cryptocurrencies, including bitcoin, Etherea, Solana, Cardano and Terra, fell sharply on Wednesday night after the US Federal Reserve issued a December meeting where the central bank indicated it would start raising interest rates to deal with high inflation.Bitcoin fell 8.49% to $ 42,835 on Thursday at 5:00 p.m. She previously tested the $...

Fudged A/cs, Tax Evasion worth Crores Found: CBDT

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The Ministry of Income Tax has reported alleged stock manipulation, falsification of accounts and tax evasion worth millions of rupees following a recent raid on two manufacturing and real estate groups based in Uttar Pradesh.While a statement issued by the Central Council of Direct Taxes (CBDT), the tax department's policy-making body, did not mention...

Forex reserves fall $4.5 billion in two weeks

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India's foreign exchange reserves fell $ 1.783 billion for the week ending December 3, the second straight decline as foreign investors remained in the portfolio as net traders on the stock market. Weekly data from Bank of India shows total reserves total $ 636.9055 billion. In the past two weeks, reserves have plummeted by...

India has 4th largest foreign exchange reserves in world

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India's Finance Minister Pankaj Chaudhry told Lok Sabha on Monday that India currently has the fourth largest foreign exchange reserves in the world. "On November 19, 2021, foreign exchange reserves were $ 640.4 billion," he said. To another question he replied: Records of P-Notes / Outside Derivatives (ODIs) holders and ODI holder stakeholders, as...

November gross GST collection at Rs 1,31,526 crore, 2nd highest ever

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The total GST revenue accrued in November was 1,31,526 rupees. This was an increase from Rs 1.30 crore collected in October. Of these, CGST includes 23,978 rupees, 31,127 rupees, IGST 66,815 rupees (including 32,165 rupees on imports) and 9,606 rupees on taxes (including 635 rupees on import goods). November marked the second consecutive month...