A pick-up in demand particularly in rural demand driven by improved monsoon prospects along with a rise in urban demand is expected to encourage investments by the private sector that could accelerate overall economic growth. There are some lead indications already of new capacity creation in a few industries and a pick-up in investment intentions, … Read more
BENGALURU: Karnataka’s Goods and Services Tax (GST) collection for October has surpassed that of the same month last year, in an indication of a pick-up in business and purchasing sentiment. The state’s commercial taxes department has collected Rs 3,680 crore in state GST (SGST) this month against Rs 3,056 crore in October 2019. The figures … Read more
New Delhi: In one of the clearest signs of a pick-up in business sentiment, company incorporations touched a seven-year high of 16,487 in July, or over 530 a day, according to data from the ministry of corporate affairs. The figure was a 50% increase from a year earlier. Officials said filings for new company registrations … Read more