PSU banks focus on falling share of low-cost deposits

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New PPP model on cards to woo infra investors

The frameworks emphasize the viability and bankability of such projects to make them financially attractive to private investors. Metro projects in cities like Bengaluru, Hyderabad and Pune, which bundle real estate with cash-generating potential, are being studied. User charges may be levied in sectors such as telecom, port and airports to make them more attractive to private investors.

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Untimely rains, hailstorm hit wheat crop over 5.23 lakh hectare; farmers stare at yield loss

More than 5.23 lakh hectare of wheat crop has been damaged by unseasonal rains, hailstorms and strong winds in three Indian states, leading to harvest challenges for farmers and fears of huge yield losses. The majority of wheat is grown in the states of Punjab, Haryana, Uttar Pradesh and Madhya Pradesh, which have all received untimely rainfall, and assessment of crop damage in Punjab and Haryana is still ongoing.

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Businesses can apply for revocation of GST registration cancellation by June 30 after paying taxes, penalty

The Indian government is allowing businesses whose GST registrations have been cancelled due to non-filing of returns to apply for revocation by June 30, after paying any taxes, interest, and penalties. Measures have been introduced to provide relief for taxpayers who were previously only qualified for a 30-day application period to restore their registrations following cancellation orders.

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'RBI interest rate decision, global trends to drive markets in holiday-shortened week'

RBI's interest rate decision, macroeconomic data and global trends would dictate terms in the equity market in a holiday-shortened week, analysts said. Besides, the focus will also be on foreign portfolio investors' trading activity, they added. Equity markets will remain closed on Tuesday for 'Mahavir Jayanti' and on Friday on account of 'Good Friday'.

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GST collections in March jump 13% to Rs 1.6 lakh crore

The total gross collection for FY23 was Rs 18.10 lakh crore, an average Rs 1.51 lakh a month and up 22% from FY22, data released on Saturday showed. “Monthly GST collections for the month of March being the second highest of all time, coupled with 22% higher GST collections for FY22-23 over last year point towards the growing trajectory of the Indian economy,” said Abhishek Jain, partner, indirect tax, KPMG in India.

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e-Market procurements surpass Rs 2 lakh crore

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GST collections increase 13% to Rs 1.6 lakh crore in March

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Adani Ports completes acquisition of Karaikal Port

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