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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102120) | |
23401. GST collection in December at all-time high, says Finance Ministry
- The GST revenues during December 2020 have been the highest since the introduction of GST and it is the first time that it has crossed ₹ 1.15 lakh crore.
- The gross GST revenue collected in the month of December 2020 rose to ₹1,15,174 crore, an all-time monthly high since the implementation of the new tax regime, according to Finance Ministry.
- The December figures, which are 12% higher the GST revenues in the same month last year, are in line with the recent trend of recovery in the GST revenues, the Finance Ministry added.
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23402. Foreign exchange reserves in India rise by over $4.48 billion
- India’s foreign exchange reserves rose by $4.483 billion during the week ending Jan.1. According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $585.324 billion from $580.841 billion reported for the week ended December 25.
- “Real GDP or GDP at Constant Prices (2011-12) in the year 2020-21 is likely to attain a level of Rs 134.40 lakh crore, as against the provisional estimate of GDP for the year 2019-20 of Rs 145.66 lakh crore, released on May 31, 2020,” the First Advance Estimates of National Income for financial year 2020-21 said.
- “The sharp step up in the value of merchandise imports to $42.6 billion, widened India’s merchandise trade deficit to $15.7 billion, the highest level since November 2018,” said ICRA Principal Economist Aditi Nayar. “The recovery in imports reinforces our expectation that the current account surplus will deflate to sub-$5 billion in H2 FY2021.”
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23403. निर्यात के मोर्चे पर अच्छी खबर, जनवरी के पहले सप्ताह में आया 16 फीसदी का भारी उछाल
- India export: जनवरी के पहले सप्ताह में देश का निर्यात 16.22 फीसदी बढ़कर 6.21 अरब डॉलर रहा. इस साल एक से सात जनवरी के बीच आयात भी 1.07 फीसदी बढ़कर 8.7 अरब डॉलर रहा.
- अधिकारी के अनुसार इस साल एक से सात जनवरी के बीच आयात भी 1.07 फीसदी बढ़कर 8.7 अरब डॉलर रहा जो 2020 में इसी अवधि में 8.6 अरब डॉलर था. पेट्रोलियम को छोड़कर आयात आलोच्य सप्ताह में 6.56 फीसदी बढ़ा. औषधि, पेट्रोलियम और इंजीनियरिंग वस्तुओं का निर्यात 14.4 फीसदी (6.162 करोड़ डॉलर) 17.28 फीसदी (11.472 करोड़ डॉलर) और 51.82 फीसदी (63.677 करोड़ डॉलर) बढ़ा. निर्यात में नवंबर 2020 में 8.74 फीसदी की गिरावट आयी. दिसंबर, 2020 में निर्यात में मामूली 0.8 फीसदी की गिरावट आयी थी. नौ महीने के अंतराल के बाद दिसंबर 2020 में आयात 7.6 फीसदी बढ़कर 42.6 अरब डॉलर रहा.
- साल 2020 के आखिरी महीने में देश के निर्यात (India export december) में 0.80 फीसदी की गिरावट दर्ज की गई थी. दिसंबर में निर्यात गिरकर 26.89 अरब डॉलर रह गया. निर्यात में आई गिरावट के कारण देश का व्यापार घाटा (Trade deficit december) बढ़कर 15.71 अरब डॉलर के स्तर पर पहुंच गया था. दिसंबर में आयात (India import december) में 7.6 फीसदी की तेजी दर्ज की गई और यह 42.6 अरब डॉलर रहा था.
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23404. Virus-led recession will leave economy scarred, says Fitch
- Fitch has projected potential growth to average 5.1% per year over 2020-2025
- The ratings agency said several reforms passed by Parliament in response to the pandemic such as labour and farm reforms could lift medium-term growth prospects
- The rating agency said even though the government has pre-ordered 1.6 billion doses of vaccine, including 500 million doses of the Oxford-AstraZeneca vaccine, it seems likely that the vaccine roll-out over the next 12 months will not reach the majority of the population considering the huge logistical and distribution challenges.
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23405. Pralay missile successfully test-fired, reached target with ‘high degree’ accuracy: DRDO
- Test-fired off the Odisha coast, the missile met all its objectives, the Defence Research and Development Organisation said.
- India on 22 dec 2021 successfully test-fired the surface-to-surface guided, short-range Pralay ballisitic missile, the Defence Research and Development Organisation (DRDO) said, adding that weapon met all its objectives.
- Secretary DD R&D and Chairman DRDO, Dr G Satheesh Reddy appreciated the team & said that this missile is a new generation Surface-to-Surface missile equipped with modern technologies & induction of this weapon system will give necessary impetus to the Armed Forces: DRDO officials
23406. Exports rise 16.2% , imports up 1.1% in first week of Jan
- Engineering goods and petroleum products have placed India’s exports on the growth track in the first week of January with outbound shipments posting an increase of 16.2 per cent (year-on-year) to $6.2 billion, according to preliminary data shared by the Commerce & Industry Mini
- Imports, too, registered a growth of 1.1 per cent during the week at $8.7 billion,
- due to a sharp increase in imports of pearls, precious & semi-precious stones and vegetable oil, compared to the same period of the previous year, according to data.
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23407. Automobile sales register 14 per cent growth in December
- PV sales are behind by 10 years, while two-wheeler sales are behind by seven years: SIAM
- In December, the domestic passenger car sales grew by more than eight per cent year-on-year (YoY) to 1,46,864 units compared with 1,35,531 units in December 2019.
- The utility vehicle sales also grew by around 20 per cent YoY to 94,787 units during the month as against 79,153 units in corresponding month previous year, the latest report shared by Society of Indian Automobile Manufacturers (SIAM) said on Thursday.
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23408. India took ‘very decisive’ steps to deal with coronavirus pandemic and its economic consequences: IMF chief
- IMF chief Kristalina Georgieva has praised India for taking “very decisive” steps to deal with the coronavirus pandemic and its economic consequences and asked the country to do more this year to support an accelerated transformation of the economy.
- The IMF Managing Director during a global media roundtable on Thursday predicted a less bad outlook for India in the upcoming World Economic Update due to the steps taken by it.
- Kristalina Georgieva predicted a less bad outlook for India in the upcoming World Economic Update
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23409. Sensex may breach 100k in 5 years as reforms take hold
- Robust foreign liquidity flows fuelled by ultra-loose policies at global central banks catapulted the BSE Sensex beyond 50,000
- A revival in earnings growth and structural reforms can propel the index to the 100,000-mark in the next five years, or even earlier, market experts said.
- The Sensex which first hit 1,000 in 1990 took almost three decades to touch the 50,000-mark
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23410. 100% Return: Sensex soars from 25,600 to 50,000 in just 10 months
- On March 24, 2020 Sensex touched a decadal low of 25,638.9 points after the announcement of the nationwide lockdown to tackle Covid. Interestingly, it took the index just 10 months to reach the landmark 50,000 mark.
- As the Indian equity indices logged new highs with the BSE Sensex hitting the 50,000 mark for the first time ever, the road to this landmark has been bumpy at times in the past one year, as it had plunged to around 25,000 points in March 2020.
- India received FIIs of around $22.5 billion or Rs 1.7 lakh crore in equities in 2020. Net FII inflow so far this month stands at Rs 20,098.53 crore. The Net inflow of foreign portfolio investment (FPI) so far in the current financial year stood at over Rs 2.38 lakh crore, according to NSDL data. This is the highest FPI inflow ever in a fiscal.
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