Search For "financial year"
Sensex drops 434 points after RBI cuts repo rate and GDP forecast
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): The interest rate cut by Reserve Bank of India (RBI) failed to boost market sentiment on Friday as equity benchmarks fell after the central bank also lowered its forecast of GDP growth rate to 6.1 per cent for the current financial year.
Read More
Sensex turns red after RBI lowers GDP forecast to 6.1 pc
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Oct 4 (ANI): Equity benchmark indices reversed early morning trends and turned red on Friday afternoon after the Reserve Bank of India cut repo rate by 25 basis points to 5.15 per cent but also lowered its GDP growth forecast for the current financial year to 6.
Read More
GST Council recommends relaxation in filing of annual returns for MSMEs
Updated : 6 years, 6 months ago IST
Panaji (Goa) [India], Sept 25 (ANI): The 37th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman here recently, has recommended relaxation in the filing of annual returns for Micro Small and Medium Enterprises (MSMEs) for Financial Year 2017-18 and Financial Year 2018-19.
Read More
Challenging environment to dent profitability of domestic steel makers in
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 18 (ANI): The domestic steel consumption growth is expected to decelerate to about 5 to 6 per cent in the current financial year as compared to 7.9 per cent in FY19 on the back of an unprecedented slowdown in economic activity as reflected by the GDP growth tapering d
Read More
India Inc's revenue growth falters to 11-quarter low in Q1 FY20: ICRA
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 13 (ANI): The cumulative revenue growth of 642 companies in Indian corporate sector skidded to an 11-quarter low at 5.7 per cent in the April to June quarter of current financial year mainly due to weak consumer sentiments and subdued government spending on infrastruct
Read More
RTI activist claims 2,480 cases of fraud in PSBs involving over Rs 31,800
Updated : 6 years, 6 months ago IST
Neemuch (Madhya Pradesh) [India], Sept 10 (ANI): An RTI activist from Neemuch town of the Malwa region has claimed that a total of 2,480 cases of fraud in public sector banks involving more than Rs 31,800 crore have been registered in the first quarter of current financial year 2019-20. Read More
CBDT enters into 26 APAs during April to August
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 4 (ANI): The Central Board of Direct Taxes (CBDT) has entered into 26 advance pricing agreements (APAs) in the first five months of the current financial year, according to an official statement released on Wednesday.
Read More
Cement demand to cool down in current financial year: ICRA
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 2 (ANI): Domestic cement growth is expected to slow down to about 7 per cent in the current financial year as reflected in relatively weak offtake seen during the first fiscal quarter (April to June), investment information firm ICRA said on Monday.
Read More
We will respond to industry's needs, says Finance Minister Sitharaman
Updated : 6 years, 6 months ago IST
Chennai (Tamil Nadu) [India], Sept 1 (ANI): With the economy reporting a sluggish growth of 5 per cent in the last quarter of the current financial year, Finance Minister Nirmala Sitharaman on Sunday said that her government was prepared to respond to the industry's "needs and suggestions
Read More
GDP numbers brought down to save country from evil forces: Cong leader Sin
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): Taking a dig at the Central government after the gross domestic product (GDP) growth rate dropped to five per cent in the first quarter of the financial year 2019-20, Congress leader Abhishek Manu Singhvi on Saturday said the GDP numbers are intentionally bro
Read More
Domestic and global headwinds to drag FY20 GDP growth to six-year low: Ind
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 28 (ANI): India Ratings and Research (Ind-Ra) on Wednesday revised India's gross domestic product (GDP) growth in current financial year downwards to 6.7 per cent -- marking a six-year low -- from its earlier forecast of 7.3 per cent.
Read More
As Imran Khan completes one year in power, Pak's fiscal deficit on three-d
Updated : 6 years, 7 months ago IST
Islamabad [Pakistan], Aug 28 (ANI): The annual fiscal deficit of Pakistan rose to the highest in the last three decades at 8.9 per cent for the financial year 2018-19.
Read More