Category: NEWS CATEGORIES

Urbanisation will be a big driver of economic growth in India going forward, supported by favourable macroeconomic factors, accelerated infrastructure building and continuing reforms, NITI Aayog CEO Amitabh Kant said Wednesday. Speaking here at an event on sidelines of the World Economic Forum Annual Meeting, he also said the Indian economy may even exceed the IMF growth forecast of 7.5 per cent for the country.Kant said IMF has forecast 7.5 per cent growth for India despite a gloomy outlook for the global economy and this itself is good, though there…

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 Rising for the straight fifth session, the benchmark Sensex rallied 250 points after opening on a cautious note Monday, on continued buying in select bluechips by domestic investors amid a positive cues from other Asian bourses. The 30-share BSE index jumped 228.12 points, or 0.63 per cent, to 36,614.73 in early trade. The NSE Nifty, too, rose 53.10 points, or 0.49 per cent, to 10,960.05. Sectoral indices led by healthcare, IT, auto, FMCG, power and oil & gas advanced up to 0.57 per cent. Brokers said, besides sustained buying by…

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Non-filers of GST returns for 6 consecutive months will soon be barred from generating e-way bills for movement of goods.The Goods and Services Tax Network (GSTN) is developing such IT system that businesses who have not filed returns for two straight return filing cycle, which is 6 months, would be barred from generating e-way bills, an official said.”As soon as the new IT system which will ensure barring of e-way Bill generation if returns are not filed for 6 months is put in place, the new rules will be notified,”…

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