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India one of world's fastest growing large economies: IMF
India has been one of the fastest growing large economies of the world with an average growth rate of around 7 per cent over the last five years, according to the International Monetary Fund (IMF).
Net direct tax collection crosses Rs 10 lakh cr mark
Net direct tax collection for by the Government of India for FY19 has surpassed Rs 10 lakh crore (US$ 138.60 billion) as on March 16, 2019.
Govt exceeds disinvestment target this fiscal, proceeds touch Rs 85,000 cr
Disinvestment proceeds to the Government of India have reached Rs 85,000 crore (US$ 12.38 billion) in FY19, exceeding the target for FY19 by Rs 5,000 crore (US$ 728.22 million).
GST Council approves transition plan for new tax rate for housing sector
The Goods and Services tax (GST) Council, Government of India has approved a transition plan for, allowing developers to opt for a new tax structure for residential projects incomplete as of March 31, 2019.
Power Ministry to bring norms to promote green transmission cables
The Ministry of Power, Government of India is expected to soon issue new guidelines for bringing greener options in electricity transmission cables.
Lok Sabha poll season helps create more than 13,000 social media jobs
Tech companies like Facebook, Twitter and YouTube have hired over 13,000 content creators, fake news busters, facts checkers and social media influencers to grab the maximum coverage of the 2019 elections in India.
India posts highest growth in patentapplications in 2018
Patent filings by India witnessed the highest growth rate of 27 per cent in 2018 among all countries, according to the World Intellectual Property Organization (WIPO).
Automakers invest around $491 million in Indian start-ups in 2018
Indian automobile industry start-ups received investments of US$ 491 million in 2018, led by Essel Green Mobility's US$ 300 million investment in Zipgo, as per data from Venture Intelligence.
IT services sector may register growth up to 9% in FY20
India's information technology services sector is estimated to grow by up to 9 per cent in FY20, according to rating agency Icra.
Logistics market seen growing 10.5% a year, to reach $215 bn by 2020: Study
Logistics market in India is expected to reach US$ 215 billion by 2020, growing at a 10.5 per cent compounded annual growth rate (CAGR).
Sugar output up 6% at 273.47 lakh tonne till Mar 15 this season
Sugar production in India has reached 27.35 million tonnes (MT) in 2018-19 sugar season, as of March 15 2019, according to the Indian Sugar Mills Association (ISMA).
India's first REIT has been fully subscribed
Embassy Office Parks, India’s first Real Estate Investment Trust (REIT) has been fully subscribed on the last day of its initial share sale.