Tag: Revenue

HP approves new excise policy, eyes 13 per cent increase in revenue

Presided over by Chief Minister, Jai Ram Thakur, the cabinet gave nod for the renewal of the retail excise vends in the state for the year 2020-21 with an objective to gain adequate enhancement in government revenue, reduction in the price of liquor and to curb its smuggling from the neighbouring states.

February 17, 2020

MobiKwik aims to clock Rs 500 cr revenue from its payment gateway biz

'We are already among the top three payment gateways in the country and we have seen the total payment volume (TPV) and gross revenues triple in last 12 months... This is because we have the best tech stack for payments in mobile apps clocking 94 per cent success rate.'

July 21, 2019

Will GST boost revenue and benefit consumers?

After the initial hiccups GST is touted as now settling to provide the comfort blanket for producers of goods and services as also consumers, after having been blamed for the economy’s slowdown along with demonetization.

January 26, 2019

GST rate cut, return simplification to increase revenue, compliance: CII

The decision of the GST Council to cut rates and simplification of return filing process will increase the compliance rate and add to revenue buoyancy, industry chamber CII said on Sunday, 22 July.

July 22, 2018

GST not disruptive, higher revenues to aid rate rationalisation: Jaitley

Jaitley dismissed the idea of a single rate GST being advocated by Congress President Rahul Gandhi as flawed saying that it can only work in a country where the entire population has 'similar and high' capacity to spend.

July 1, 2018

State records increased revenue collection

The state has recorded increased revenue collection and budget utilisation till January of the current fiscal showing improved overall fiscal performance in comparision to the corresponding period of the previous financial year, claimed official sources here on Monday. A review in this regard was conducted by chief secretary Aditya Prasad Padhi on Monday. Padhi directed …

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February 14, 2018

Essar Oilfield Services eyes 20% jump in revenues next fiscal

Essar Oilfield Services Ltd is eyeing a 20 per cent jump in revenues next fiscal as the country’s focus on raising domestic output propels a stagnant rig hire market. The company, which owns 16 rigs used for drilling of oil and gas, is expected to end the current fiscal with a revenue of Rs 300 …

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January 14, 2018

Mahindra Powerol expects 20% revenue growth from diesel genset business

Mahindra Powerol, a business unit of the $19 billion Mahindra Group, on Monday announced its entry into the higher KVA diesel generators segment, and said it was targeting a 20 per cent revenue growth from its diesel genset business in 2018-19. The company, which entered the field of power generation in 2001-02, has seen the …

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December 19, 2017

ITC’s food division eyes 10% revenue from chocolates in 5 yrs

Diversified conglomerate ITC expects chocolate category to contribute 10 per cent to its food division revenue in next five years, a top company official said. The company had entered into chocolate category with brand Fabelle in May last year. “In five years time we should see a 10 per cent share of the total food …

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December 3, 2017

From airports to seaports, ITDC cruises along

Moving out of airports due to stiff competition from private players, the India Tourism Development Corporation Ltd (ITDC) is making a gradual comeback with duty-free outlets at seaports. Currently operating at 11 seaports across the country, ITDC aims to to cover all the major ports in the country with duty-free outlets by 2020. The seaport …

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November 18, 2017

Will earn Rs 15 lakh per day from upcoming airport: Parrikar

The Goa government is expected to earn Rs 15 lakh per day from the upcoming greenfield airport at Mopa, once it is operational, Chief Minister Manohar Parrikar said on Wednesday. “If the airport is finished early, the state is likely to earn Rs 15 lakh per day of the revenue expected from the airport. A …

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October 4, 2017

More reforms after GST reaches revenue neutral status: Jaitley

Finance Minister Arun Jaitley on Sunday said that “bigger economic reforms” can be thought of after the newly implemented Goods and Services Tax (GST) regime reaches a revenue neutral status. Jaitley made the remarks at the “Foundation Day” event of the National Academy of Customs, Indirect Taxes and Narcotics (NACIN). “Even reduction of tax slabs …

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October 1, 2017

India’s April-August fiscal deficit at over 96% of target

India’s April-August fiscal deficit — at Rs 5.25 lakh crore — stood at 96.1 per cent of the full year’s budget target of Rs 5.46 lakh crore, official data showed on Friday. The data furnished by the Comptroller General of Accounts (CGA) showed that April-August fiscal deficit was 76.4 per cent of the Budget in …

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September 29, 2017

Cloud-driven Adobe reports $1.84 bn revenue in Q3

Riding on its unique Cloud offerings, Adobe achieved a record quarterly revenue of $1.84 billion in its third quarter of 2017, which represents 26 percent year-over-year (y-o-y) revenue growth. Adobe Experience Cloud achieved revenue of $508 million, the company said in a statement on Wednesday. “Adobe delivered another record quarter with stellar year-over-year revenue growth …

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September 20, 2017

Revenue expenditure projected to reduce to about 85% in 2019-20

The proportion of revenue expenditure in the total expenditure which is budgeted to be 85.6 per cent in the current fiscal, is projected to be roughly the same in 2018-19 and decrease to 85 per cent in 2019-20, according to the Medium-Term Expenditure Framework (MTEF) Statement tabled in the Lok Sabha on Thursday. The Medium-term …

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August 10, 2017

Railways revenue can push GDP by 2 pc: Prabhu

Railway Minister Suresh Prabhu on Tuesday said initiatives taken by the government to increase revenue of the Indian Railways may push GDP by two percentage points. Inaugurating FICCI's Smart Railway Conclave, Prabhu said in the last two-and-a-half years, initiatives have been taken to increase revenue, especially non-fare revenue, augment capacity and operational efficiencies to lower …

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June 6, 2017

Tobacco playing havoc with health, industry on a high

James Bond of yesteryears Pierce Brosnan for once endorsed a scented chewing-tobacco product from India. The Hollywood star falling for the Indian delicacy is enough proof how tempting our products are! In monetary terms, the tobacco industry’s annual business is more than Rs.10,000 crore and it brings in another Rs. 2,000 crore in foreign exchange …

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May 31, 2017