Indian Economy

On Shiv Sena’s annual 'Dussehra' event, Maharashtra CM Uddhav Thackeray said instead of toppling elected governments, BJP should focus on sorrow state of the economy and reconsider GST system. Taking a jibe at the Centre, he said people are now looking for alternatives and challenged BJP to topple Maharashtra government. He also questioned JDU leader Nitish Kumar on his 2014's ‘Sangh-mukt Bharat’ slogan, while slamming Maharashtra Governor… read-more

Over 5.74 crore e-way bills were generated in September, informed Finance Secretary Ajay Bhushan while saying that it indicates an "affirmative sign of economic growth". He stated that, on September 30, about 26 lakh e-way bills were generated, a record since the inception of the facility. He added that the e-way bills have grown by 9.3% and the GST collections have increased by 4% as compared to September 2019.

HCL Technologies Limited on September 17 entered the list of top ten publicly traded firms in India. HCL replaced ITC for the tenth position and its market value stood at Rs 2.21 trillion. Reportedly, HCL's shares have risen by 43.3% this year. Currently, Reliance Industries tops the list of firms' market capitalisation with Rs 15.71 trillion, followed by Tata Consultancy Services (Rs 9.31 trillion) and HDFC Bank (Rs 5.95 trillion).

The Indian economy has contracted by a record 23.9% in April-June quarter of the current fiscal year. This marks the poorest decline of Indian gross domestic products (GDP) in the last 40 year. The figures are attributed to the coronovirus-induced lockdown that had shut businesses and markets since March, crippling the already-slowing economy. Both the manufacturing and service sector have nosedived. However, agriculture was the only sector… read-more