Paying light to the banking sector, the Reserve Bank of India in its recent report has said that the adoption has improved the efficiency of banks in India, along with increasing competition. “The adoption of digital technologies has improved the…
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Detection of fake input tax credit (ITC) claims by central GST officers rose 51% to Rs 36,374 crore in 2023-24, Parliament was informed. In 2023-24, 9,190 cases were booked, 182 arrests made, and Rs 3,413 crore voluntarily deposited. In 2022-23,…
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Direct E-commerce, or brands selling directly to consumers through their digital platforms, has risen to ten to 15 per cent of India’s online retail market of USD 70 to 75 billion now, from two to three five years ago, according…
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In absolute terms, the debt, however, will rise to Rs 185.27 lakh crore (budget estimate) in FY25 from Rs 171.78 lakh crore last fiscal, Chaudhary said in a written reply in the Lok Sabha. The data include the Centre’s external…
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Reliance, which operates pumps in a joint venture with UK’s BP, retailed 73% more diesel last quarter, while Nayara recorded a 13.5% increase, according to industry data. The robust performance expanded RIL-BP’s market share to 4.24% from 2.48% a year…
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The final DPDP Act rules “will stay within the walls of the law as passed by the Parliament”, the official said. The person added that the government wants to ensure that the Act provides a robust mechanism for citizens to…
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