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India govt’s net direct tax collection rises 18% YoY in 2022/23

(Reuters) - The Indian government's direct tax collection rose about 18% to 16.61 trillion rupees ($201.88 billion) in the year ended March 31, it said in a statement. In 2021/22, the government had

Net direct tax collection rises 18% year-over-year in FY23, announces government

In FY22, the government had collected Rs 14.12 trillion as net direct tax. Personal income and corporate tax make up most of the country's direct tax mop up.

Dollar falls with central bank policy in focus; markets weigh OPEC+ cuts

By Samuel Indyk and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) - The dollar fell on Monday, surrendering earlier gains following the announcement of unexpected oil output cuts from OPEC+, as

India looking to merge hydro power units to create single company -minister

By Sarita Chaganti Singh NEW DELHI (Reuters) - The Indian government is considering selling state-owned NTPC Ltd's two hydro power firms to NHPC Ltd to create a single hydro power company that would

Oil prices, oil stocks surge on OPEC+ move

By Wayne Cole and Alun John SYDNEY/LONDON (Reuters) - Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise cut in their output target, a move that rippled

Oil surges as OPEC+ surprise output target cuts shake markets

By Noah Browning LONDON (Reuters) - Oil prices surged on Monday, posting their biggest daily rise in nearly a year, after a surprise announcement by OPEC+ to cut more production jolted markets. Brent

Dollar trims gains as markets weigh impact of OPEC+ cuts

By Samuel Indyk LONDON (Reuters) - The dollar trimmed its initial gains against major pairs in the course of Monday as investors focus on diverging central bank policy, with the impact of oil

Rupee knocked down by surging oil following output cuts

By Anushka Trivedi MUMBAI (Reuters) - The Indian rupee fell against the U.S. dollar on Monday, as an unexpected output cut by oil producing club OPEC+ sent crude prices higher and weighed on Asian

Global factory activity weakens as demand falters

By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) - Global factory activity weakened in March as consumers feeling the pinch from rising living costs cut back, surveys showed on Monday,

Oil prices surge, Fed rate path in question again

By Wayne Cole and Alun John SYDNEY/LONDON (Reuters) - Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise cut in their output target, a move that rippled

On Camera

DMK ‘rising son’ Udhayanidhi Stalin should brace for challenges. Power isn’t a birthright

In the Indian political setup, the BJP and the communist parties are probably the only ones who have been able to circumvent the hereditary leadership tag.

#ByeByeAP to #LuluBackInAP: Naidu’s moves to make Andhra ‘business friendly’ & woo back investors

The Jagan Reddy govt has been accused of scuppering various investment deals. Under Naidu, the govt, is trying to make AP a top investment destination, officials and industrialists say.

‘No drone bombs or infiltration’, Army Chief says ‘battle of narratives’ must be controlled in Manipur

Chief of Army Staff General Upendra Dwivedi says the Manipur conflict was triggered by a rumour and that the situation may be ‘stable today, but it is tense’.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?