advance tax collections: Advance tax mopup rises 20% YoY in April-December

2023-12-17 01:04:38 The Centre’s advance tax collections up to the third quarter (April-December) of FY24 are up 19.8% from a year earlier to ₹6.24 lakh crore, maintaining healthy double-digit growth, said people aware of the latest numbers, pointing to a buoyant economy. The numbers include payments till 11:30 pm on December 15, the last day … Read more

Despite sluggish growth, France should avoid recession in the 4th quarter

2023-12-12 02:44:14 The French economy should barely recover at the end of the year. Activity should in fact grow modestly by 0.1% in the fourth quarter, the Banque de France indicated on Monday. Good news all the same: the country will avoid recession after a third quarter in the red. This very slight increase in … Read more

European Economic Forecasts 2024: Slowdown in Growth and Challenges Ahead

2023-11-15 13:10:38 According to forecasts from the European Commission, presented on Wednesday, growth should reach 0.6% this year, a decrease compared to the estimates presented this summer. ADVERTISEMENT At the end of this difficult year, the European economy is losing momentum. In its autumn economic forecasts, presented on Wednesday, the European Commission revises its outlook … Read more

the increase in investments supported Algeria’s economic growth

2023-10-28 16:42:46 ALGIERS – The increase in investments, particularly in large industrial projects, stimulated Algeria’s economic activity in the first quarter of 2023 and should continue to support growth between 2023 and 2025, indicated the World Bank (WB) in its latest report devoted to the economic situation in Algeria. “Algeria has the potential to diversify … Read more

Algeria forecasts economic growth of 5.3% in 2023

2023-10-10 14:20:54 ALGIERS – Algeria’s economic growth should reach 5.3% for the year 2023 thanks to a resilient economy facing a “fragile and uncertain” international context, Prime Minister Aïmene Benabderrahmane said Tuesday in Algiers before the National People’s Assembly (APN). “Faced with this fragile and uncertain international context, Algeria has demonstrated resilience by maintaining appreciable … Read more

@90, Visakhapatnam Port is all set to sail on a new voyage for varietal business growth

2023-10-08 10:39:43 Visakhapatnam Port, which has completed 90 years, is all set to sail on a new voyage of growth going forward. “We have strategised our plan to make Visakhapatnam as a multi cargo handling business port with backward and forward portfolio over next few years,” Madhaiyan Angamuthu, Chairperson, Visakhapatnam Port Authority (VPA) told businessline. The port celebrated its … Read more

advance tax collections rise: Advance tax collections rise 20%; Rs 3.54 lakh crore in kitty till September 15

2023-09-17 01:15:34 Advance tax collections in the first half of 2023-24 have increased 20% year on year to ₹3.54 lakh crore, people privy to the development said. Collections could go up further in the final tally as the numbers reflected calculations till 11.30 pm on September 15 – the last day for paying advance tax … Read more

finance ministry: Finmin defends GDP growth estimates

2023-09-15 19:04:50 The finance ministry on Friday slammed a research report that claimed that India’s 7.8% economic growth in the April-June quarter is overstated, as it defended the official estimates, saying if anything, the growth numbers might “understate the reality”. This is because manufacturing growth indicated by the Index of Industrial Production (IIP) is far … Read more