financial year

Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojana: Deposit money in your SSY account before April 5 to earn higher interest; here’s why | Business

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[ Sukanya Samriddhi Yojana deposit deadline: Parents investing in Sukanya Samriddhi Yojana (SSY) for their daughters should deposit the money before April 5 to maximise returns for the current financial year, 2024-25. Early investments qualify for higher tax-exempt interest, ensuring greater savings for the future of the girl child.Investing in Sukanya Samriddhi Yojana for your … Read more

Indian stocks close 2023-24 firm, indices accumulate 27-31% returns

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[ NEW DELHI: Indian stock market indices closed the financial year 2023-24 on a firm note, with Sensex and Nifty rising in the range of 0.8-0.9% on Thursday, backed by firm economic growth forecasts by various global watchdogs and political stability at the federal level.Sensex settled 0.88% or 639 points higher at 73,635 points, and … Read more

Offline ITR-1, 4 forms FY 2023-24: Income tax department releases new forms for AY 2024-25; know the details here | India Business News

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[ Offline ITR-1,4 forms FY 2023-24 released: The Income Tax Department has released the offline ITR 1 and ITR 4 forms for the financial year 2023-24 (Assessment Year 2024-25). The department released offline forms (JSON utility) for ITR-1 and ITR-4 on March 18. These forms will be applicable for filing from April 1, onwards.According to … Read more

Punjab’s GST mop-up rises 16% to over Rs 19,000 crore till February

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[ CHANDIGARH: The Goods and Services Tax (GST) collection in Punjab jumped 15.69 per cent to Rs 19,222 crore in the current financial year so far, while the state’s excise revenue rose 11.71 per cent to Rs 8,093.59 crore. The net GST collection up to February in the current fiscal year stood at Rs 19,222.5 … Read more

IT exports to grow 3% in FY24, among worst years

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[ BENGALURU: The 2023-24 financial year will be a near washout for Indian IT services in terms of growth and hiring. Nasscom‘s latest estimates for the year suggest that India’s IT exports will grow at 3.3% in constant currency to $199 billion in the 2023-24 financial year, less than a third of the 11.4% it … Read more

Cognizant headcount declines by 7,600 to 3.4 lakh

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[ BENGALURU: Cognizant’s headcount shrank by 7,600 employees to 3.4 lakh employees in the 2023 financial year compared to the corresponding period last year. The reduction in net hiring in several IT firms reflects subdued macroeconomic indicators, continued pressure in banking and financial services, decision-making cycles are now longer, and there’s softness in discretionary spending.The … Read more

RBI projects 7 pc growth for next financial year

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[ MUMBAI: The Reserve Bank of India on Thursday projected a GDP growth of 7 per cent for 2024-25 financial year, which is lower than the 7.3 per cent expansion estimated for the current fiscal. Announcing the bi-monthly monetary policy, RBI governor Shaktikanta Das said rural demand continues to gather pace, urban consumption remains strong … Read more

Indian economy projected to grow 7% in financial year 2024-25 | India Business News

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[ NEW DELHI: The Indian economy is projected to grow close to 7 per cent in the financial year 2024-25 that starts this April, said the Ministry of Finance in its monthly review report.The strength of domestic demand has driven the economy to a 7 per cent plus growth rate in the last three years.India’s … Read more

GDP data calls for revisiting fiscal numbers

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[ NEW DELHI: Government will have to either trim expenditure or target higher revenue to meet the 5.9% fiscal deficit target for the current financial year as the nominal GDP is estimated to grow slower than the budget estimate.Against an estimated nominal GDP of around Rs 302 lakh crore, which translated into 10.5% growth, the … Read more