Irregularities related to Goods and Services Tax (GST) evasion in Noida have doubled in the past three years, with 291 cases detected and INR 75.82 crore collected in fines. A state GST official said that most of the malpractices are seen in organised and informal sectors due to the absence of proper accounting systems.
Indian economy has been showing signs of transition to a low-inflation regime since the second half of the 2022-23 financial year, even as global factors played a big role in the movement of inflation to a high regime from the second half of 2020-21 till the first half of 2022-23, a paper released by the RBI has said.
Kotak Mahindra AMC managing director Nilesh Shah advocated greater public-private partnerships for state-owned firms to unlock wealth that will fuel India's growth.
Further rate action depends on the data, on realisations of inflation and growth and their impact on expected future values. If growth continues to be resilient and inflation continues to soften, rates may not need to rise.
The pay disparity comes at a time when Alphabet, the parent company of Google, has been cutting jobs globally, The Mountain View, California-based company announced plans to cut 12,000 jobs around the world in January, equivalent to 6% of its global workforce.
The rural development ministry then decided to continue to allow payments through both ABPS and the usual electronic payment through the National Automated Clearing House (NACH) until March 31. It later extended the deadline to June 30.