Finance Minister Nirmala Sitharaman highlighted the doubling of the GST taxpayer base and monthly revenues since its launch in her budget speech.
The company recorded a quarterly revenue of USD 119.6 billion, a 2 per cent year-over-year increase.
The RBI imposed restrictions, prohibiting the bank from accepting new deposits or conducting credit transactions after February 29.
The surge in the Sensex and Nifty can be attributed to robust global cues and positive budgetary announcements.
The Budget announced the withdrawal of outstanding small tax demands dating back to 1962, up to Rs 25,000 till 2014-15.
Vijay Shekhar Sharma stated in a blog post that Paytm's app will continue to function normally beyond February 29 for existing users to withdraw funds.
The BSE Sensex rose 846.64 points to 72,491.94, while the Nifty surged 256.55 points to 21,954.
Paytm Payments Bank Limited is prohibited from accepting new deposits, credit transactions, or top-ups in customer accounts, prepaid instruments, wallets, FASTags, and more from February 29 onwards.
The notice sent to shareholders outlines the resolutions proposed for the EGM and highlights the need to resolve governance and financial issues and shift control away from the founders.
The equity support was intended to aid the Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation in their energy transition projects.
Deutsche Bank said the reduction in the number of positions would mostly be for jobs that don't involve directly dealing with customers.
As per the First Advance Estimates of National Income of FY 2023-24, presented along with Finance Minister’s speech, India’s Real GDP is projected to grow at 7.3 per cent. This is also in line with the upward revision in growth projections for FY2023-24 by the RBI from 6.5 per cent to 7 per cent.
The domestic market expressed marginal disappointment due to lower-than-expected infra spending in the interim budget. However, the government's commitment to fiscal prudence, aiming for a fiscal deficit of 5.1% for FY25BE, is anticipated to enhance economic ratings.
Finance Nirmala Sitharaman presented the Interim Union Budget 2024-25 in Parliament on Thursday. People can check out the full details of the interim budget using 'Union Budget' App on iOS, Android platforms.
Ahead of the upcoming Lok Sabha elections, Union Finance Minister Nirmala Sitharaman presented the interim Budget in Parliament. Scroll down to read allocations for different ministries.
The minister mentioned the government's commitment to the 'Panchamrit' goals and highlighted measures to achieve sustainable and resource-efficient economic growth.
The finance minister proposed to retain the same direct and indirect tax rates, including import duties.
Ahead of the upcoming Lok Sabha elections, Union Finance Minister Nirmala Sitharaman presented the interim Budget in Parliament. Scroll down to read what the Budget has for the defence sector.
The schemes aim to support slum dwellers and individuals living on rent, enabling them to purchase or construct their own houses.
Nirmala Sitharaman in the interim Budget announced that forty thousand normal rail bogies will be converted to the Vande Bharat standards to enhance safety, convenience and comfort of passengers.
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