Economy Current Affairs

Rs. 1,45,867 crore gross GST revenue collected for November 2022

Rs. 1,45,867 crore gross GST revenue collected for November 2022

Rs. 1,45,867 crore gross GST revenue collected for November 2022: Goods and Services Tax (GST) collections for the month of November 2022 stood at Rs 1,45,867 crore, according to the data shared by finance ministry. The revenue for the month of November are 11% higher than the GST revenue in the same month last year, which itself was Rs 1,31,526 crore. This […]

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India’s Unemployment Rate Eases to 7.2% in July-September 2022

India’s Unemployment Rate Eases to 7.2% in July-September 2022

India’s Unemployment Rate Eases to 7.2% in July-September 2022: The urban unemployment rate for people aged 15 and up fell to 7.2% in July-September 2022, down from 9.8% the previous year, according to the National Statistical Office (NSO). November 2022 Current Affairs Quiz About This Development: India’s urban unemployment rate dropped for the fifth consecutive quarter in

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India-Australia FTA Ratified By Australian Parliament

India-Australia FTA Ratified By Australian Parliament

India-Australia FTA Ratified By Australian Parliament: The Australian Parliament has ratified the Economic Cooperation and Trade Agreement (ECTA) with India, paving the way for implementing the deal as early as January 1, 2023. The deal will now need approval from the Australian Cabinet and the President of India. Australia’s Parliament passed bilateral free trade agreements with India and Britain,

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CRISIL Revises India’s GDP Forecast for FY23 Down From 7.3% to 7%

CRISIL Revises India’s GDP Forecast for FY23 Down From 7.3% to 7%

CRISIL Revises India’s GDP Forecast for FY23 Down From 7.3% to 7%: CRISIL has revised its forecast for India’s real gross domestic product (GDP) growth to 7 per cent for the current fiscal (2022-23) from 7.3 per cent estimated previously. The credit rating agency said this is primarily because the slowdown in global growth has started to impact India’s exports and industrial activity.

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India Will Become Third-Largest Economy By 2027: Morgan Stanley

India Will Become Third-Largest Economy By 2027: Morgan Stanley

India Will Become Third-Largest Economy By 2027: India is on track to become the world’s third largest economy by 2027, surpassing Japan and Germany, and have the third largest stock market by 2030, thanks to global trends and key investments the country has made in technology and energy, says Morgan Stanley. It further stated that India’s gross domestic

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