Goyal, who is also a member of the Monetary Policy Committee (MPC) of the RBI, in an interview to said monetary-fiscal coordination has worked well and stimulus has been adequate but not excessive.
Aerosport enthusiasts in India may soon not have to go abroad for skydiving and other related activities. The Jyotiraditya Scindia-led Union aviation ministry on Saturday issued the draft National Air Sports Policy (NASP) 2022 that aims to make India one of the top — and safest — destinations for this super-exciting field by 2030.
The government has been increasing the credit target for the farm sector every year and this time also, the target is likely to be increased to Rs 18-18.5 lakh crore for 2022-23, the sources said.
The revenues for December are 13% higher than the same month last year and 26% higher than the GST revenues in December 2019, according to data released by the finance ministry. The gross GST revenue collected in December totalled Rs 1,29,780 crore of which CGST is Rs 22,578 crore.
India has stated that the WTO's dispute panel ruling has made certain "erroneous" findings about domestic schemes to support sugarcane producers and exports and the findings of the panel are completely "unacceptable" to it.
Passenger vehicles sales had crossed the 30-lakh mark for the first time in 2017 where total sales stood at 32.3 lakh units. In 2018, the industry had closed at 33.95 lakh units, before slipping in 2019 to 29.62 lakh units.
Transactions under Unified Payments Interface hit a record high of 456 crores in December 2021 surpassing the earlier high of 421 crore seen in October 2021. The total value of transactions in December was also a new record at Rs 8.27 lakh crore.
As 2022 begins, a raft of developments, ranging from Budgetary announcements to continuation of stimulus measures to monetary policy, will set the tone for the domestic economy, which is projected to grow more than 9 per cent in the current fiscal ending March 2022.
The deficit figures in the current financial year till November appear much better than the previous financial year when it had soared to 135.1% of the estimates mainly on account of a jump in expenditure to deal with the COVID-19 pandemic.