NEW DELHI (Reuters) - India collected 1.74 trillion rupees ($20.86 billion) as gross goods and services tax (GST) in June, 8% more than the same period last year, a source aware of the matter said on Monday.
The government had collected 1.61 trillion rupees as GST in the same month last year. ($1 = 83.4305 Indian rupees)
(Reporting by Nikunj Ohri; Editing by Savio D'Souza)
Remain supporters told us our trade would fall if we dared to leave the EU. Now they decline to study the figures. Labour tell us removing frictions with the single market would boost growth. But there is little to win there given we already have a complex free trade deal.
Labour is considering an inheritance tax raid to “redistribute” wealth if it gets into power, a leaked recording of a shadow frontbencher suggests.
Chris Philp told the BBC presenter she was talking "absolute nonsense" as tempers flared.
For the past week, I’ve been feeding UK party manifestos into the politics management game, to simulate their results five years on … Are you ready to be dismayed?
"A protracted stalemate might be the only solution for Russia to avoid total economic collapse," one economist says.
Russia has run out of friends and bargaining power.
Letters: Readers respond to the economist Paul Krugman’s article about the effects of the Tories’ most defining policy during the coalition years
Markets are betting that Emmanuel Macron will somehow keep the show on the road despite the carpet-bombing of the political centre on Sunday. This is a heroically complacent interpretation of the political drama unfolding in France.
The FTSE 100's up 442 points this year, but bargains remain. Mark Hartley reveals one of his favourite value stocks this month. The post Are FTSE 100 shares STILL cheap? I think so, and here’s one to consider buying in July appeared first on The Motley Fool UK.
Discounts on products like TVs took the heat out of retail inflation, as food inflation saw its fourteenth consecutive month of decline.
EXCLUSIVE: Shadow Chancellor speaks to The Standard on tax, the City after Brexit and Heathrow expansion
Food inflation is now lower than at any point since December 2021, helped by falling prices for key products such as butter and coffee.
Slowing price rises in the 20 countries that share the euro will provide some relief for the European Central Bank.
Beijing should be wary of wider decoupling risks as even close trading partners mirror the US in demanding restrictions on Chinese-made imports, a consultancy has warned, even if the impact of the latest US tariff hikes would be "manageable". The warning from Dalian Infobank, a Chinese trade data and analysis agency, comes as the world's No. 2 economy faces increasing trade frictions globally. In May, the United States announced new tariffs on US$18 billion worth of Chinese imports, followed by
BRUSSELS/LONDON (Reuters) -EU countries are wavering over whether to back additional tariffs on Chinese-built electric vehicles, highlighting Brussels' challenge in building support for its largest trade case yet as Beijing threatens wide-ranging retaliation. Germany, whose carmakers made a third of their sales last year in China, wants to stop the tariffs, according to a government source, while France has been among the firmest backers. The issue will be put to members in an advisory vote in the coming weeks, the first official test of support in a landmark case for the Commission.
(Bloomberg) -- Chancellor Olaf Scholz’s coalition will deliver a draft budget as early as Friday that aims to put an end to political infighting by boosting spending on infrastructure and defense while adhering to debt restrictions, people familiar with the matter said. Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeUS Allies Allege China Is Developing Attack Drones for RussiaChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysS&P 500 Clo
Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations.
Strong mandate for Keir Starmer’s party should help restore Britain’s ‘safe haven’ status, knocked by Liz Truss and Brexit
The Labour Party’s blueprint for Britain promises tax increases of £8.3 billion and the recognition of a Palestinian state.
With tomorrow’s general election looming, Rishi Sunak is hoping his pitch to the country – the Conservative manifesto – will help the party pull off a surprise election comeback.
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