BUSINESS
Bad loans worth Rs 10,09,511 crore written off in last 5 years by banks: Government
The nation's largest lender, the State Bank of India (SBI) tops the list of top 10 banks with the highest amount of bad loans written off in 2021-22 alone, as per data provided by the Reserve Bank of India, Minister of State for Finance Bhagwat Karad told Congress member Deepak Baij in an oral response during Question Hour in Lok Sabha.
Global e-commerce revenue drops $250 bn in 2022
Supply chain issues, inflation, rising digital advertising costs, and changed consumer behaviour have all had their share in the first-ever e-commerce revenue drop, according to data presented by AugustaFreePress.com. The initial forecast from the 'Statista Digital Market Outlook' projected $380 billion more revenue in 2022 than a year ago.
Elon Musk poll reveals 57% people want him to step down as Twitter CEO
Only 43 per cent followers want him as Twitter CEO, a job that has created all sorts of problems for him. Musk started a poll asking users if he should quit as Twitter head and also assured that he will abide by the poll results. "Should I step down as head of Twitter? I will abide by the results of this poll," said the Tesla CEO.
Create regulatory frameworks to help companies innovate: Pichai to Vaishnaw
Stressing that the country is going through a key period of time during digital transformation, Pichai vouched for an open and connected internet.
India's GDP to grow 7% in FY23: Acuite
In a report, Acuite said India's annualised GDP growth in Q2 FY23 expectedly, expanded at a slower pace of 6.3 per cent year-on-year (YoY) as against 13.5 per cent in Q1 FY23, the latter led by the easing of favourable base impact created by the second Covid wave in the previous year.
Spike in cesses, surcharges in Gross Tax revenue, 8.16 % in 2011-12 to 28.08% in 2021-22
The Ministry said that a major reason is the imposition of GST Compensation Cess, which is entirely used for payment of compensation to the states and flows to states as Grants-in-Aid, in their Receipts Budget. Resources from the other cesses are allocated to different schemes and programmes in the Union Budget, which are implemented by the states and other implementing agencies.
Reduction in oil import bill narrows down India's trade deficit in Nov
The trade deficit narrowed month-on-month (MoM) in November to $23.89 billion as against $27.58 billion in October, while up only 13 per cent year-on-year (YoY), said Amnish Aggarwal, Head-Research, Prabhudas Lilladher.
BharatPe CEO called co-founders over drinks to poison them against me: Ashneer
Facing a civil lawsuit in the Delhi High Court for Rs 88.6 crore fraud at BharatPe during his tenure, Grover wrote that taking advantage of the fact that "I do not indulge in alcohol, he would call Bhavik and Shashvat for drinking sessions and poison them against me". "Suhail detested Madhuri because she saw through his nefarious designs early.
Direct tax collections up 20% at Rs 11,35,754 cr till Dec 17
The gross collection of direct taxes (before adjusting for refunds) for 2022-23 stood at Rs 13,63,649 crore, compared to Rs 10,83,150 crore recorded in the corresponding period of last year, registering a growth of 25.90 per cent. Advance tax collections for the current fiscal stood at Rs 5,21,302 crore as on December 17, 2022, 12.83 per cent more than last year, according to official sources.
Fake currency worth Rs 137 cr seized in 3 yrs, most are Rs 2000 notes
This creates trouble for the common people and poses a big challenge for the government and the police. According to sources, police and other security forces have seized fake currency worth the face value of Rs 137 crore in the last three years. The seized counterfeit new notes of Rs 2000 are also amount to crores in face value.
Don't Miss
Advertisement