Nivedita Mukherjee

GST mop-up hits all time high, grows 12% to Rs 1.87 lakh crore

May 2, 2023

Continuing the spree of robust tax collections during 2022-23 which has given policymakers much room for cheer, the finance ministry posted a record Rs 1.87 lakh crore Goods and Services Tax (GST) revenue collection for April 2023, which is a 12 per cent increase -- Rs 19,495 crore – more...

Core sector grows 3.6% in March ’23, crude import keeps refinery output up

April 29, 2023

New Delhi, April 28 India’s eight core industries (ICI) posted a growth of 3.6 per cent year-on-year (provisional) in March 2023, reflecting in the Index of Eight Core Industries (ICI) which increased on the back of higher production of coal, fertilizers, steel, natural gas and refinery products increased over the...

Centre releases SOPs under PLI Auto to boost local manufacturing, cut imports

April 28, 2023

The Ministry of Heavy Industries on Thursday announced the release of standard operating procedures (SOP)s under the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry to testing agencies. The PLI-Auto Scheme proposes financial incentives to boost domestic manufacturing of advanced automotive technology (AAT) products and attract investments...

India, UK to expand cooperation on innovation, climate change, financial markets

April 27, 2023

Bilateral economic and scientific partnership between India and the UK are set to board a higher trajectory with a landmark agreement between the two partners to collaborate on research in science and innovation which will be signed in the British Parliament on Wednesday, that will drive economic growth, create skilled...

Finance Ministry report optimistic on growth, calls for vigil amidst potential risks

April 26, 2023

New Delhi, April 25 The Finance Ministry on Tuesday underlined the lingering risk of slowdown amidst the International Monetary Fund’s forecast that elevated inflation and financial tightening will weigh on economic activity for at least three years since the armed conflict between Russia and Ukraine broke out in February 2022,...

Sitharaman leads G20 Finance Ministers call for reforming multilateral banks

April 15, 2023

New Delhi, April 14 Finance Minister Nirmala Sitharaman has welcomed appreciation of India’s G20 proactive agenda on reforming multilateral development bank (MDBs) by the G20 Finance Ministers and Central Bank Governors (FMCBG’s) as well as the recognition of the urgency to address debt vulnerabilities of low income and middle income...

India, Spain look to ease trade curbs, Goyal woos Italian cos with eye on EU FTA

April 15, 2023

New Delhi, April 14 Bilateral economic and trade relations between India and Spain are set to climb a higher trajectory with both sides seeking considerable progress in the ongoing India-European Union Free Trade Agreement negotiations during the upcoming Spanish Presidency of EU, even as Commerce and Industry Minister Piyush Goyal...

India’s exports up 6% to $447 bn in FY22-23

April 14, 2023

Battling adverse global economic conditions, India’s merchandise exports for the financial year 2022-23 (April-March) of USD 447.46 billion registered the highest-ever growth of 6.03% growth, surpassing the previous fiscal record exports of USD 422.00 billion led by positive growth in outbound shipments of sectors such as electronic goods, petroleum products...

Sitharaman bats for India’s reforms, investment drive, inclusiveness in WB

April 13, 2023

New Delhi, April 13 Finance Minister Nirmala Sitharaman on Wednesday underlined the reality of a global acknowledgement of the renewed role that India is poised to play in global economic order and the attractiveness of India as an investment destination going forward. “Despite the reality of reset across the globe...

FM calls for stronger India-US ties

April 12, 2023

F inance Minister Nirmala Sitharaman on Tuesday called for enhancing the multi-faceted India-US. partnership and cooperation in addressing global economic challenges, including climate change, during her interaction with the United States Treasury Secretary Janet Yellen on the sidelines of the World Bank and IMF Spring Meetings. Taking the discussions ahead from...

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