"During the past eight years, Telangana received Rs 20,000 crore under MGNREGA. During the same period all over the country Rs 5 lakh crore has been spent, out of which more than 20 per cent was spent in 2020-21 during COVID-19 pandemic," the finance minister said replying to a query.
India imported 738,024 barrels per day (bpd) of Russian crude oil in August, 18% lower than in July and 24.5% less than in June, according to Vortexa. China's imports of seaborne crude oil from Russia, however, remained largely stable during this period.
The firm's 13th global leader added that it will not only be India's decade, but India's century, with all key elements in place - a large working population, multinational companies reimagining global supply chains, and a country leapfrogging at digital scale-to achieve something special not just for the Indian economy, but potentially for the world.
"The concerned authority has already issued an order. IBA can take a further review and suggest course correction if required," said the official.
In a fresh set of instructions, the board said prosecution should normally be launched where amount of tax evasion, or misuse of Input tax credit is more than Rs 5 crore. However this will be not applicable for habitual offenders or serious offences.
Monthly data on services are provisional. They usually see a revision when the Balance of Payments (BoP) data are released on a quarterly basis.
At 13.5 per cent, real GDP growth has declined by 9.6 per cent sequentially, but the seasonally adjusted real GDP growth series shows pick-up in economic momentum, with higher growth at 5.6 per cent sequentially in Q1 compared to -4.1 per cent in Q1FY22 and 1.9 percent in Q4FY22, Ghosh, said in a note on Thursday. The headline GDP numbers hide more things than these reveal and it's time to seriously introspect on the measurement of IIP and CPI baskets which were last revised in 2012, he said.
India's 5% broken parboiled variety was quoted at $379 to $387 per tonne, their highest since June 2021, from $366-$372 last week. Prices have risen for a third straight week. Indian parboiled rice prices rose because of a tender from Bangladesh, which could be forced to make big buying this year due to crop damage, said Himanshu Agarwal, executive director at Satyam Balajee, India's biggest rice exporter.
Goldman Sachs cut India's full-year 2022 GDP growth forecast to 7% from 7.6% and also lowered the current fiscal year estimates by 20 basis points from 7.2%. The slightly weaker-than-expected growth in investments and higher drag from net exports contributed to India's GDP falling short of forecasts, Morgan Stanley's India economist Upasana Chachra said.