Motorists using expressways will have to shell out more from Monday as the National Highways Authority of India (NHAI) has decided to hike tolls across the country by an average of 5 per cent. The annual revision of highway user fee, which is expected to be in the range of average 5 per cent, was earlier to come into effect on April 1. But the hike was deferred due to the Lok Sabha elections.
Posts tagged Rediff
‘Expect formulations biz to outpace API biz’ (02-06-2024)
‘API prices are dragging down margins and impacting our competitive ability.’
Factors that will guide the markets this week (02-06-2024)
Trading in the equity market will largely depend on two major events this week – general elections result and the RBI interest rate decision – analysts said, adding that the benchmark indices may rally on Monday on exit polls’ prediction of a massive win for the BJP-led NDA and strong GDP data. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls. Counting of votes will take place on June 4.
‘India can become centre of exporting fertiliser’ (02-06-2024)
‘The government has put in a lot of effort to provide infrastructure for the industry.’
Passenger vehicle sales skid in May (01-06-2024)
Passenger vehicle wholesales in India witnessed a marginal growth in May on account of high base effect and muted demand due to general elections. The overall passenger vehicle dispatches from companies to dealers stood at 350,257 lakh units last month as compared to 335,436 in the same month a year ago, registering a growth of 4 per cent.
GST collection rises 10% to Rs 1.73 lakh cr in May (01-06-2024)
The country’s gross GST collections rose to Rs 1.73 lakh crore in May, growing 10 per cent year on year driven by increased revenues from domestic transactions, the finance ministry said on Saturday. GST collections had touched a record high of Rs 2.10 lakh crore last month.
Fiscal deficit improves to 5.6% on better tax mop-up (31-05-2024)
The central government’s fiscal deficit during 2023-24 at 5.6 per cent of the GDP was better than previous estimates of 5.8 per cent on account of higher revenue realisation and lower expenditure, according to official data released on Friday. In actual terms, the fiscal deficit — or gap between expenditure and revenue — was Rs 16.53 lakh crore, or 5.63 per cent of the GDP, which grew 8.2 per cent in 2023-24.
Key infra sectors growth rises to 6.2% in April (31-05-2024)
The growth of these core sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — was 4.6 per cent in April 2023.
India’s forex reserves drop by $2 bn to $646.67 bn (31-05-2024)
India’s forex reserves dropped by $2.03 billion to $646.67 billion for the week ended May 24, the Reserve Bank said on Friday. In the previous reporting week, the kitty had reached an all-time high of $648.7 billion after a jump of $4.55 billion.
India’s GDP grows 7.8% in Q4; 8.2% in FY24 (31-05-2024)
India’s economy grew 7.8 per cent in the March quarter, pushing up the annual growth rate to 8.2 per cent, according to official data released on Friday. Growth in the January-March period was lower than the 8.6 per cent expansion in the December quarter.