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Financial sector experts hail GST reforms as growth-positive, can offset s
Updated : 5 months, 3 weeks ago IST
The next-generation Goods and Services Tax (GST) reforms, announced after the GST Council meeting on Wednesday, have received strong praise from industry leaders and experts, who, in a united voice, asserted that such bold measures will strengthen economic growth, push investments, and ease
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Core sector grows 3.7 pc in Jan 2022 led by coal, natural gas
Updated : 4 years ago IST
New Delhi [India], February 28 (ANI): Signalling economic recovery, the output of eight infrastructure sectors registered a growth of 3.7 per cent in January 2022 against 1.3 per cent in the corresponding period of the last year, pushed by strong production of coal, natural gas and cement in
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With phased unlocking under way, GDP growth projected at 8.5 pc in FY22: I
Updated : 4 years, 9 months ago IST
New Delhi [India], June 10 (ANI): Rating agency ICRA on Thursday projected the year-on-year (YoY) growth of GDP and gross value added (GVA) at basic prices (at constant 2011-12 prices) at 8.5 per cent and 7.3 per cent respectively in FY2022.
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ICRA pegs GST compensation of Rs 2.65 lakh crore for states
Updated : 4 years, 10 months ago IST
New Delhi [India], May 28 (ANI): Projecting the FY22 state GST (SGST) collections of all states at Rs 6.1 lakh crore, rating agency ICRA expects a large GST compensation requirement of Rs 2.65 lakh crore for the current year.
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Slackening economic momentum to limit discretionary purchases: ICRA
Updated : 4 years, 10 months ago IST
New Delhi [India], May 22 (ANI): Slackening economic momentum driven by the second wave of Covid-19 infections in India has emerged as a concern with bruised sentiment, high healthcare costs and fuel expenses likely to limit discretionary purchases in the immediate term, rating agency ICR
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Outlook for kharif season favourable, consumption to revive at the bottom
Updated : 5 years, 8 months ago IST
New Delhi [India], July 18 (ANI): The outlook for kharif season (June to October) remains favourable as sowing was 44.1 per cent higher than the year-ago level and more than half of the 2019 kharif acreage had been covered, investment information firm ICRA has said.
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GVA growth to record sequential recovery to 6.3 % in Q2 FY2018: ICRA
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov 21 (ANI): Credit rating agency, ICRA, on Tuesday said that it expects the growth of the Indian gross value added (GVA) at basic prices in year-on-year (YoY) terms to record a sequential recovery to 6.3 percent in Q2 FY2018 from 5.6 percent in Q1 FY2018.
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