The Finance Commission on Thursday said despite fluctuations, high GDP growth has continued over the medium term and direct taxes have been sound while there are some periodic ups and downs on the indirect tax front.
The Finance Commission held consultations with senior officials of the Ministry of Finance on Thursday on the overall economic situation and key economic variables.
The US dollar ended sharply higher against the rupee at Rs 70.22 per dollar but the pound sterling finished higher at Rs 89.43 at the close of the Interbank Foreign Exchange (forex) market.
Financial performance highlights for Small Industries Development Bank of India (SIDBI), the all India financial institution engaged in creating an integrated credit and development support ecosystem for Indian Micro, Small and Medium Enterprises (MSME).
Mumbai, May 17 (KNN) Small Industries Development Bank of India (SIDBI) Thursday reported a 28.22% jump in net profit at Rs 519.36 crore for the March quarter as against Rs 405.06 crore in year-ago period.
The estimates for foreign trade showing a sharp slowdown in merchandise export growth in April, to 0.64% from a year earlier, ought to add to concerns about the economy.