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Articles for Fy20, search results for financial

Data | How did Central Public Sector Enterprises perform in FY2020?
3 years, 3 months ago

Data | How did Central Public Sector Enterprises perform in FY2020?

The Hindu  

Financial Year 2020, the one-year period just before the national lockdown was announced, was relatively worse for Central Public Sector Enterprises in terms of profits and employment. Profit and loss Close to 66.8% of the CPSEs made profits in FY20 — the lowest share in the last five years. Double blow The aggregate net profit of profit-making CPSEs reduced from …

Loss Profit Crore Bsnl Fy18 Fy20 Cpses
No tax on covid-related aid for recipients, says FinMin
3 years, 6 months ago

No tax on covid-related aid for recipients, says FinMin

Live Mint  

New Delhi: The government won’t levy any income tax on financial aid received by an individual from an employer or others for treatment of covid-19, the finance ministry said on Friday. In addition, any financial assistance received by family members of a person who has died from the viral disease will not be subject to income tax, the ministry said. …

Tax Relief Financial Assistance Family Members Aid Extended 30 September
Govt extends due date for filing FY20 GST annual returns till March 31
3 years, 9 months ago

Govt extends due date for filing FY20 GST annual returns till March 31

India TV News  

The government on Sunday extended the deadline for filing GST annual returns for 2019-20 fiscal by a month till March 31. “In view of the difficulties expressed by the taxpayers in meeting this time limit, Government has decided to further extend the due date for furnishing of GSTR-9 and GSTR-9C for the financial year 2019-20 to March 31, 2021 with …

Tax Annual Gst Gstr
Crop insurance claim rejection shot up 900% between FY18 and FY20
3 years, 10 months ago

Crop insurance claim rejection shot up 900% between FY18 and FY20

The Hindu  

The number of farmers’ crop insurance claims that were rejected by insurance companies under the Centre’s flagship Pradhan Mantri Fasal Bima Yojana multiplied 10 times in just two years, according to data provided by Agriculture Minister Narendra Singh Tomar in response to a question in the Rajya Sabha on Friday. The question came from Manas Ranjan Bhunia, Trinamool Congress MP, …

Insurance Claims Crop State Claim Insurance Companies Tomar
Union Budget 2021: Govt allocates Rs 73,000 cr to MGNREGA, over 34% less than in FY20
3 years, 10 months ago

Union Budget 2021: Govt allocates Rs 73,000 cr to MGNREGA, over 34% less than in FY20

Firstpost  

The budgetary estimate for MGNREGA for 2020-21 was Rs 61,500 crore. The Centre allocated an additional Rs 40,000 crore as part of the Pradhan Mantri Garib Kalyan Yojana New Delhi: The Centre has allocated Rs 73,000 crore to the rural employment guarantee programme MGNREGA for the next fiscal 2021-22, substantially lower than the actual expenditure of Rs 1.11 lakh crore …

Budget Crore Mgnrega
Flipkart Internet sees losses widen to Rs 1,950 crore in FY20
4 years ago

Flipkart Internet sees losses widen to Rs 1,950 crore in FY20

India TV News  

Flipkart Internet, which operates the B2C online marketplace, has seen its consolidated loss widen to Rs 1,950.5 crore for the financial year ended March 2020, even as revenue grew about 32 per cent, as per regulatory documents. Its consolidated net total income was at Rs 6,318.7 crore for 2019-20 as against Rs 4,803 crore in the previous financial year, a …

Singapore Financial Crore Flipkart Previous Flipkart Internet
Flipkart narrows loss to Rs 3,150.6 crore in FY20
4 years ago

Flipkart narrows loss to Rs 3,150.6 crore in FY20

India TV News  

Flipkart India, the B2B arm of Walmart-owned Flipkart, has narrowed its losses to Rs 3,150.6 crore during 2019-20 as compared to the previous financial year, according to regulatory documents. The unit had posted a loss of Rs 3,836.8 crore for the financial year ended March 31, 2019, documents filed with the corporate affairs ministry showed. "During the financial year ended …

Crore Flipkart Previous Financial
Patanjali Ayurved's FY20 Net Up 21.56% to Rs 424.72 Crore, Net Sales Up 5.8% to Rs 9,022.71 Crore
4 years, 1 month ago

Patanjali Ayurved's FY20 Net Up 21.56% to Rs 424.72 Crore, Net Sales Up 5.8% to Rs 9,022.71 Crore

News 18  

Haridwar-based Patanjali Ayurved Ltd has reported a 21.56 per cent increase in standalone net profit at Rs 424.72 crore for financial year 2019-20, according to data provided by business intelligence platform Tofler. While the company's revenue from operations was at Rs 9,022.71 crore, up 5.86 per cent, for the financial year ended on March 31, 2020. Its total revenue was …

Crore Ramdev Patanjali Patanjali Ayurved Ayurved
Walmart India’s losses widen to ₹299 cr in FY20
4 years, 2 months ago

Walmart India’s losses widen to ₹299 cr in FY20

Live Mint  

New Delhi: Walmart India Private Limited, which operates 28 wholesale stores under the Best Price Modern Wholesale format, reported net loss of ₹299.20 crore for the year ended 31 March, 2020. Walmart India, whose wholesale business was recently acquired by e-commerce major Flipkart Group, had reported a net loss of ₹171.68 crore in FY19, according to financial data accessed by …

Business India Walmart Flipkart Walmart India
Paytm Mall FY20 Loss Down 60 Percent to Rs 479 Crore
4 years, 3 months ago

Paytm Mall FY20 Loss Down 60 Percent to Rs 479 Crore

News 18  

E-commerce firm Paytm Mall on Friday said its loss narrowed by 60 pc to Rs 479 crore in 2019-20 on account of reduction in assortment size, cashback and promotions. Our efforts are to become profitable with hyperlocal outreach and initiatives which have already started giving positive results," Paytm Mall COO Abhishek Rajan was quoted as saying in a statement. The …

Paytm Mall
EPFO Trustees to Flag Delay in Ratification of EPF Interest Rate for FY20
4 years, 3 months ago

EPFO Trustees to Flag Delay in Ratification of EPF Interest Rate for FY20

News 18  

The issue of delay in ratification of 8.5 per cent rate of interest for employees provident fund for 2019-20 is likely to be raised in the meeting of retirement fund body EPFO scheduled on Wednesday. The Employees' Provident Fund Organisation's apex decision making body Central Board of Trustees, headed by Labour Minister Santosh Gangwar, had on March 5 this year …

Cent Rate Interest Rate Epfo Cbt Epf Interest Fund Epf
RBI to transfer ₹57,128 crore surplus to Centre for FY20
4 years, 4 months ago

RBI to transfer ₹57,128 crore surplus to Centre for FY20

The Hindu  

The board of the Reserve Bank of India has approved the transfer of ₹57,128 crore as surplus to the government for the accounting year 2019-20, while deciding to maintain the Contingency Risk Buffer at 5.5%, the RBI said in a statement on Friday. “The Board reviewed the current economic situation, continued global and domestic challenges and the monetary, regulatory and …

Rbi Lakh Crore Current Economic
GST cess falls 42% short in FY20
4 years, 4 months ago

GST cess falls 42% short in FY20

The Hindu  

The Centre made up a 42% shortfall in Goods and Services Tax compensation cess collection in 2019-20 by using balance of cess from previous years, plus a transfer from the Consolidated Fund of India. GST revenue fell 41% in the first quarter of 2020-21, indicating that the shortfall in cess collections and likely delays in payments to States is likely …

States Centre Gst Cess Compensation Fund
Fitch Ratings Revises India’s Outlook to ‘Negative’ From ‘Stable’
4 years, 6 months ago

Fitch Ratings Revises India’s Outlook to ‘Negative’ From ‘Stable’

The Quint  

Fitch Ratings noted that India’s fiscal metrics have deteriorated significantly, notwithstanding the government's expenditure restraint, due to the impact of the severe growth slowdown on revenue. This is significantly higher than the median of 42.2% of GDP for the 'BBB' category in 2019, to which FY20 corresponds, and 52.6% for 2020.” A statement from the rating agency said that liquidity …

India Gdp Growth