Durga Rao & Co., Chartered Accountants is a medium sized firm catering to the requirements of various Commercial and Non Commercial Entities for more than 3 decades. Established in the
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India's trade deficit widens to $19.1 billion in April: Commerce ministry
April trade data: India's exports rose to $34.99 billion, imports stood at $54.09 billion
Highway Ministry hits 20% of capital expenditure target in April 2024
Ministry has created 100-day plan for new government, highway min says
Chatroom: CBIC's clarificatory circulars have retrospective effect
TNC Rajagopalan answers SME queries related to GST, export and import matters
India's GDP to expand at 6.6% in FY25; will fuel NBFCs' growth: Moody's
Moody's Ratings on Tuesday said the Indian economy is projected to expand 6.6 per cent in the current fiscal year and said strong credit demand fuelled by robust economic growth will support the NBFC sector's profitability.
"We expect India's economy to expand 6.6 per cent in the year ended March 2025 (FY25) and 6.2 per cent the following year, and this will lead to robust loan growth at NBFCs, mitigating the impact of rising funding costs on their profitability," Moody's Ratings said.
The Indian economy is estimated to have expanded 8 per cent in the 2023-24 fiscal year.
In a commentary on the non-banking finance companies, Moody's said robust economic conditions will help them preserve their asset quality even as rise in interest rates increase the debt burdens of their customers.
"Funding costs for non-bank finance companies (NBFCs) in India are rising, but strong credit demand fuelled by country's robust economic growth will support the sector's profitability.
"Also, robust ..
More governance and less of govt in Modi's third term: FM Sitharaman
FM Nirmala Sitharaman was addressing a session titled 'Viksit Bharat 2047 - Vision for Indian Financial Markets,' organised by the BSE stock exchange at the BSE International Convention in Mumbai
Food inflation likely to remain cause for concern due to heatwave: ICRA
The wholesale food inflation, which is at a four-month high, will continue to be a cause for concern in May and June as heatwave is likely to jack up prices of perishable commodities, ICRA Chief Economist Aditi Nayar said on Tuesday.
Although the impact of high base of last year will play out in July and August, the impact of monsoon will determine the price conditions in the subsequent months.
As per data released on Tuesday, the wholesale price index (WPI)-based food inflation was at a four-month high of 7.74 per cent in April.
Retail food inflation also remained stubbornly high at 8.70 per cent in April 2024, as against 3.84 per cent in April 2023.
Nayar said weather is an important factor in determining the food inflation trajectory. Monsoon was not very favourable last year and this year there are heatwaves in parts of the country, she said.
"With the onset of summer, prices of perishable items are charting upwards. For the next two months, we expect the food inflation to cli
Despite 3-year low, project delays remain higher than pre-pandemic levels
Railways have incurred the highest cost overrun
Spike in food & fuel prices push WPI inflation to 13-month high in April
Data released by govt on Tuesday showed that uptick in factory gate inflation during April was driven primarily by the spike in the prices of food articles and fuel, among other things
India's WPI-based inflation reaches 13-month high of 1.26% in April
April 2024 WPI: Prices of crude petroleum & natural gas and food articles witnessed a surge in April 2024 compared to March 2024, while prices of non-food articles and minerals saw a decline
EPFO introduces auto claim settlement for education, marriage, housing
Auto mode of claim settlement was introduced in April, 2020 for the purpose of advance for illness
Timeline: 21-year long effort by India to set up port in Chabahar
Monday's agreement is expected to finally realise efforts by India to gain a strategic foothold in the region
SC issues notice to centre over petition on imposition of GST on JDA
The Telangana High Court had held that JDA is different from an agreement for the sale of land and therefore the rights under this should be taxed
India's import from FTA partner nations up 38% in FY24 against FY19
"This growth highlights the significant and varied impact of free trade agreements on India's global trade dynamics," GTRI said in a report
Urban demand slows down for FMCG products as rural picks up steam
According to Kantar Worldpanel, rural has overtaken urban growth at the quarterly level quicker than expected
Nearly 51 mn person years of employment created annually in last 10 years
A person-year is a unit of measurement for the amount of work done by an individual throughout the entire year, expressed in hours
Retail inflation eases to 4.83% in April on softening fuel prices
Core inflation has also trended downwards at 3.2 per cent, which is the lowest in the 2012 base CPI series
Over dozen states have higher inflation than national avg of 4.83% in April
The cost of living rose faster in 13 states in the last month compared to the national print of 4.83 per cent. Odisha registered the highest rate of inflation among the states at 7.11 per cent
After long wait, India inks Chabahar port's 10-year deal with Iran
India's plans with the port go beyond commercial interests, according to the Centre
Domestically held gold reserve rise by 40% in 5 years, shows RBI data
As of the end of March 2024, the Reserve Bank of India held a total of 822 metric tonnes of gold, with 408 metric tonnes held within the country
India Exim Bank looks for $3.5 bn foreign currency borrowings in Fy25
The bank raised foreign currency resources of $3.26 billion equivalent during the financial year 2024