Jan 01, 1970 | Daily Report

RISING BHARAT

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23441. India in talks with Sri Lanka on development, operation of East Container Terminal of Colombo port

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Feb 04, 2021 English Delhi Business Line |

Development of infrastructure in Sri Lanka will be a mutually beneficial proposition, says MEA
India is in talks with Sri Lanka on matters related to development and operation of East Container Terminal of Colombo Port and the importance of meeting international commitments, the Ministry of External Affairs (MEA) has said.
India is in talks with Sri Lanka on matters related to development and operation of East Container Terminal of Colombo Port and the importance of meeting international commitments, the Ministry of External Affairs (MEA) has said.

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23442. Sri Lanka drops India and Japan from port partnership

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Feb 04, 2021 English Delhi Nikkei Asia |

Surprise unilateral decision follows strikes by labor unions Sri Lanka has pushed Japan and India out of a port project in its capital of Colombo, opting instead to move forward alone, amid pressure by unions at the facility.
The country's cabinet decided Monday that the East Container Terminal at the Port of Colombo would be wholly owned by the Sri Lanka Ports Authority, scrapping the original partnership in a move that has bewildered and frustrated its erstwhile partners. The three countries had signed a memorandum of understanding in May 2019 to develop the terminal. Sri Lanka would have held a 51% stake in the development and operation of the facilities, with India and Japan owning the rest.
"We have told the Sri Lankan government that this unilateral decision is regrettable," said a senior official at the Japanese Embassy in Sri Lanka. An Indian government spokesman urged the Sri Lankan government to return to the deal, saying "all sides should continue to abide by the existing understandings and commitment," the Press Trust of India reported. Some observers have speculated that Chinese influence may have played a role as well.

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23443. With $590 bn forex reserves in kitty,India now 'net creditor': Anurag Thakur

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Feb 06, 2021 English Delhi Mint |

With $590 bn forex reserves in kitty,India now 'net creditor': Anurag Thakur India now has forex reserves of over USD 590 billion, the highest ever, up by USD 119 billion over the previous year, while the external debt is $554 billion, making the country a "net creditor", Minister of State for Finance Anurag Singh Thakur said
January the total collection was close to ₹1.20 lakh crore, he told reporters in a press conference. On the recent Union Budget, Thakur said that except the opposition parties, all sections of people had appreciated it.
Thakur said the budget estimates for the current fiscal was ₹30.42 lakh crore, while it was increased by over ₹four lakh crore to ₹34.50 lakh crore for next fiscal

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23444. India ‘out of recession’, GDP grows 0.4%

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Feb 26, 2021 English Delhi The Hindu |

India’s economy resurfaced to growth territory in the third quarter of fiscal year (FY) 2020-21, clocking a 0.4% rise in the gross domestic product (GDP), as per data from the National Statistical Office (NSO).
GDP had shrunk in the first two quarters by 24.4% and 7.3% as per revised data, amid the COVID-19 pandemic and lockdowns, marking a technical recession. The NSO has also revised its advance national income estimates for FY21 to project an 8% decline in GDP, compared with the 4% growth seen in FY20. The NSO had earlier estimated a 7.7% shrinkage for FY21.
The Finance Ministry termed the 0.4% real GDP growth in Q3 as a return to ‘the pre-pandemic times of positive growth rates’ and a reflection of a ‘further strengthening of V-shaped recovery that began in Q2’.

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23445. India to clock 13.7% growth in FY’22, contract 7% this fiscal: Moody’s

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Feb 25, 2021 English Delhi The Hindu |

The Indian economy is expected to clock a growth of 13.7% in FY’22, registering a strong rebound from a 7% contraction this fiscal
“Our expectations in current fiscal year ending March 2021 is for a contraction of 7% significant improvement from our... [earlier] forecast of contraction of over 10%. We try to incorporate some of the unexpected pickup in activity that we have seen recently.
ICRA expects Indian economy to contract 7% in current fiscal and growth to rebound to 10.5% in the next fiscal beginning April 1.

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23446. GST collections rise 7% to ₹1.13 lakh crore in February

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Dec 13, 2021 English Delhi The Hindu |

GST collections crossed the ₹1 lakh crore-mark for the fifth month in a row in February, rising 7% to over ₹1.13 lakh crore, indicating economic recovery, the Finance Ministry said.
The collection is, however, lower than the record ₹1,19,875 crore collected in the previous month.
The gross GST revenue collected in February 2021 is ₹1,13,143 crore, of which CGST is ₹21,092 crore, SGST is Rs 27,273 crore, IGST is ₹55,253 crore (including ₹24,382 crore collected on import of goods) and Cess is ₹9,525 crore (including ₹660 crore collected on import of goods).

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23447. India opens 'energy office' in Moscow as Delhi-Moscow increase focus in sector

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Dec 31, 2021 English Delhi Dna |

India has opened an 'energy office' in Moscow's well-known landmark Federation Tower that will have presence of five top Indian energy PSUs. The five main Indian energy PSUs who will be present are--ONGC VIDESH Limited, Indian Oil Corp, GAIL (India), Oil India Limited, and Engineers India.
The Indian secretary said, "We already have a big collaboration with the Russian federation. Big investments have been made by Indian companies in Russia, and big investments have been made by Russian companies in India. Bilateral trade has also grown".
Deputy minister of energy of Russia Pavel Sorokin"We hope it will be a new step and open the flow of investments in the country which is already in tens of billions of dollars" and will help us "drive new projects in the energy space...we hope to continue to work together".

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23448. वर्ष 2024 तक 99 बिलियन डॉलर तक हाे जाएगा भारत का ई-कॉमर्स बाजार

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Mar 19, 2021 Hindi Delhi News18 |

वर्ष 2025 तक भारत में 220 मिलियन ऑनलाइन शॉपर्स(online shoppers ) होगे. रिटेल में करीब 10.7 प्रतिशत की उछाल की उम्मीद वर्ष 2024 तक अनुमानित है.
साथ ही सरकार के द्वारा पारंपरिक ऑफलाइन बाजार काे डिजिटल बनाने और स्टार्ट अप इंडिया, डिजिटल इंडिया , स्किल इंडिया, इनाेवेशन फंड और भारतनेट जैसे ई-कॉमर्स सेक्टर काे बढ़ावा देने के उद्देश्य से किए जा रहे प्रयास भी काम आ रहे है.
रिटेल में करीब 10.7 प्रतिशत की उछाल की उम्मीद वर्ष 2024 तक अनुमानित है. वर्ष 2019 में 4.7 प्रतिशत थी

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23449. Revenue collection for March’ 21 sets new record

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Dec 14, 2021 English Delhi Mint |

The gross GST revenue collected in the month of March 2021 is at a record of ₹ 1,23,902 crore of which CGST is ₹ 22,973 crore, SGST is ₹ 29,329 crore, IGST is ₹ 62,842 crore (including ₹ 31,097 crore collected on import of goods) and Cess is ₹ 8,757 crore (including ₹ 935 crore collected on import of goods). The GST revenues during March 2021 are the highest since introduction of GST
In line with the trend of recovery in the GST revenues over past five months, the revenues for the month of March 2021 are 27% higher than the GST revenues in the same month last year GST revenues crossed above ₹ 1 lakh crore mark at a stretch for the last six months and a steep increasing trend over this period are clear indicators of rapid economic recovery post pandemic.
Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, Income-tax and Customs IT systems and effective tax administration have also contributed to the steady increase in tax revenue over last few months.

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23450. FPI ने मार्च में किया 17,304 करोड़ रुपये का निवेश, ये रही आकर्षण की वजह

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Apr 04, 2021 English Delhi Financial Express |

विदेशी पोर्टफोलियो निवेशकों (FPI) का भारतीय बाजारों में निवेश का सिलसिला मार्च में लगातार तीसरे महीने जारी रहा. मार्च में एफपीआई ने भारतीय बाजारों में शुद्ध रूप से 17,304 करोड़ रुपये का निवेश किया.
डिपॉजिटरी के आंकड़ों के मुताबिक, एफपीआई ने 1 से 31 मार्च के दौरान शेयरों में 10,482 करोड़ रुपये और ऋण या बाॉन्ड बाजार में 6,822 करोड़ रुपये का निवेश किया.इस तरह उनका शुद्ध निवेश 17,304 करोड़ रुपये रहा.
मॉर्निंगस्टार इंडिया के एसोसिएट निदेशक (प्रबंधक शोध) हिमांशु श्रीवास्तव ने कहा कि अमेरिका द्वारा 1,900 अरब डॉलर के महामारी राहत पैकेज की घोषणा के बाद वैश्विक वित्तीय बाजारों में अत्यधिक तरलता है. इसका प्रवाह भारत जैसे उभरते बाजारों की ओर हो रहा है.

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