Note ban, GST, Covid erase ₹11.5 lakh cr
The New Indian Express|July 11, 2024
THE cumulative impact of the GST roll-out, note-ban along with the pandemic on informal sector has been 4.3% of FY23 GDP or about ₹11.5 trillion, shows an analysis.
BENN KOCHUVEEDAN
Note ban, GST, Covid erase ₹11.5 lakh cr

As per India Ratings, the unorganised sector was severely impacted by demonetisation, GST and the covid pandemic as the number of such units shut down between 2015-16 and 202223 are estimated at 6.3 million, leading to 11.5 trillion economic and about 16 million informal sector job losses.

هذه القصة مأخوذة من طبعة July 11, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July 11, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE NEW INDIAN EXPRESS مشاهدة الكل
CINDY-RELLA DREAM CONTINUES
The New Indian Express

CINDY-RELLA DREAM CONTINUES

The Cameroon-born boxer who moved to United Kingdom in search of better life is now the flagbearer of Refugee Olympic Team

time-read
3 mins  |
August 01, 2024
The New Indian Express

50% increase in personal income tax mop-up in Q1

A 50% growth in personal income tax collections has helped the Centre's gross tax collection surge 23.65% in the first quarter of the current financial year.

time-read
1 min  |
August 01, 2024
The New Indian Express

Core sector output at 20-month low of 4% in June

THE output of the country's eight key infrastructure industries grew by 4% year-on-year in June, slowest in last 20 months owing to a high base effect and reduced electricity demand due to the monsoon season among other reasons.

time-read
1 min  |
August 01, 2024
The New Indian Express

Reached settlement with Byju's: BCCI tells NCLAT

THE Board of Control for Cricket in India (BCCI) has now arrived at a settlement with edtech major Byju's over Rs 158 crore debt.

time-read
1 min  |
August 01, 2024
Toyota to invest 20K cr for setting up plant in Maha
The New Indian Express

Toyota to invest 20K cr for setting up plant in Maha

TOYOTA Kirloskar Motor (TKM) on Wednesday signed a Memorandum of Understanding (MOU) with the Government of Maharashtra to set up a ₹20,000 crore manufacturing facility at Chhatrapati Sambhaji Nagar.

time-read
1 min  |
August 01, 2024
The New Indian Express

Maruti Suzuki PAT rises 47% to ₹3,650 cr

Volume was largely led by growing sales of sports utility vehicles as hatchback sales remained under pressure

time-read
1 min  |
August 01, 2024
The New Indian Express

ISIL-K handlers based in India recruiting lone-wolf attackers: UN

TERROR group Islamic State in Iraq and the Levant Khorasan (ISIL-K) seeks to recruit lone actors through their handlers based in India, despite not being able to conduct large-scale attacks in the country, a UN report has said.

time-read
1 min  |
August 01, 2024
UK mob hijacks vigil on stabbing, attacks mosque
The New Indian Express

UK mob hijacks vigil on stabbing, attacks mosque

A far-right mob targeted a mosque in northwest England that saw three young girls fatally stabbed during a peaceful vigil in their memory and around 40 police officers suffered injuries in the disorder.

time-read
1 min  |
August 01, 2024
Haniyeh was seen as moderate face of Hamas
The New Indian Express

Haniyeh was seen as moderate face of Hamas

Haniyeh's death makes him the latest Hamas official to be killed by Israel since the Hamas-led October 7 attacks.

time-read
1 min  |
August 01, 2024
The New Indian Express

Mashaal, Hayya, Masri lead race for successor

THE militant Palestinian group Hamas has a history of swift and smooth replacement of fallen leaders killed in Israeli airstrikes.

time-read
1 min  |
August 01, 2024