fiscal year

The Asian Development Bank (ADB) has revised India's growth forecast for the current financial year to 6.9 percent from 6.5 percent. According to the ADB's Asian Development Outlook, India's growth is expected to remain strong this fiscal year, driven by strong domestic demand, improved...

April 10, New Delhi: The Asian Development Bank projected on Friday that India's GDP growth would remain "robust" at 6.9% in the current fiscal year, and rise to 7.3% in the next fiscal year, driven by strong domestic demand and supported by easing financing conditions and lower US tariffs on...

Mumbai, April 9 India's largest IT services company, TCS, announced on Thursday that its net profit for the March quarter rose by 12.22 per cent to Rs 13,718 crore.The company had reported a net profit of Rs 12,224 crore in the January-March period of the previous year, and Rs 10,657 crore in...

Mumbai, April 8 The Reserve Bank projected retail inflation for the current fiscal year at 4.6 per cent, well within the government-mandated inflation target range of 4 per cent with a tolerance band of +/- 2 per cent.Before the outbreak of the West Asia conflict, India's macroeconomic...

Chandigarh, April 7 Punjab Excise and Taxation Minister Harpal Singh Cheema said on Tuesday that his department had collected Rs 11,782 crore by March 31, 2026, surpassing the target of Rs 11,200 crore for the 2025-26 fiscal year.In a statement, Cheema attributed this revenue collection to the...

New Delhi, April 6 – The International Monetary Fund (IMF) has asked Pakistan to eliminate distortions in the pricing of petroleum products as early as possible, due to the subsidies extended by the federal government to consumers amid the surge in global prices triggered by the Iran war, local...

Shimla, April 5 The Himachal Pradesh government has set a target to increase the state's forest cover from the existing 29.50 per cent to 32 per cent by the year 2030, a spokesperson said on Sunday.The government, in its Budget for the 2026-27 fiscal, had announced an initiative, 'Mission 32...

Mumbai, April 2 The rupee registered one of its largest single-day gains in many years and closed 156 paise higher at 93.14 (provisional) against the US dollar on Thursday after the Reserve Bank intervened with a series of measures to restrict banks from trading in the onshore forward markets...

Mumbai, April 1 Honda Cars India reported an 18.41 per cent decrease in its total vehicle sales at 10,036 units in March, compared to 11,884 units sold in the same month of 2025.Of the total car sales for the month under review, domestic sales amounted to 7,585 units and exports to 2,451...

Indian Railways achieved a new record in cargo transport during the 2025-26 fiscal year. The railway network transported a record 1,670 million tonnes (MT) of freight, representing a 3.25% increase over the previous year. The Ministry of Railways emphasized that this growth was largely driven by...

New Delhi, April 1 Gross GST collections grew by 8.8 per cent to over Rs 2 lakh crore in March, driven by tax revenues from both domestic sales and imports, according to government data released on Wednesday.The gross Goods and Services Tax (GST) collection reached Rs 1.83 lakh crore in March...

New Delhi, March 31 Asset reconstruction companies (ARCs) are likely to see a rise of 700 basis points in the cumulative recovery rate of security receipts (SRs) in the upcoming fiscal, bringing the total to about 90 percent, according to a report.Healthy performance and the resolution of...

New Delhi, March 31 The state-owned Central Bank of India announced on Tuesday that it has received a demand notice of ₹296.08 crore from the Income Tax Department for a shortfall in tax payments for the fiscal year 2025."The bank has received an assessment order under Section 143(3) read with...

New Delhi, March 30 The government on Monday maintained the same interest rates for various small savings schemes, including PPF and NSC, for the eighth consecutive quarter, starting April 1, 2026."The interest rates on various Small Savings Schemes for the first quarter of FY 2026-27...

New Delhi, March 26 The Organisation for Economic Cooperation and Development (OECD) projected India's GDP to grow at 7.6 per cent in the current fiscal and 6.1 per cent in 2026-27.In its interim Economic Outlook report, the OECD said that the evolving conflict in the Middle East has "human...

March 25, Kohima: The second phase of the 8th Session of the 14th Nagaland Legislative Assembly will resume tomorrow.Chief Minister Neiphiu Rio, who also holds the Finance portfolio, will present the State Budget for the financial year 2026-2027.During the two-day session, the House will...

New Delhi, March 25 S&P Global Ratings on Wednesday raised India's GDP growth forecast for the next fiscal to 7.1 per cent, with private consumption, investment, and exports being key drivers, but said that the conflict in the Middle East could strain the fiscal position due to higher energy...

Shimla, March 23 Leader of the Opposition in Himachal Pradesh, Jai Ram Thakur, criticized the budget for the 2026-27 fiscal year, saying that it offers absolutely nothing for the state, which is facing a financial emergency.Speaking to the media after participating in the budget discussion...

New Delhi, March 19 Fertilizer companies have purchased additional natural gas from the spot market to increase urea production at their plants, which are operating well below capacity due to a fuel shortage amid the West Asia crisis, a senior government official said on Thursday.After...

New Delhi, March 10 The government on Tuesday sought approval from the Lok Sabha for an additional expenditure of over Rs 2.81 lakh crore in the current fiscal year.The second batch of Supplementary Demands for Grants was presented in the Lok Sabha by Finance Minister Nirmala Sitharaman...