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Inflation finally hits RBI, pushes it to raise key policy rate, sudden and sharp
BRINGING AN end to the low interest rate regime, the Reserve Bank of India (RBI) on Wednesday jacked up the Repo rate, the main policy rate, by 40 basis points to 4.40 per cent and the cash reserve ratio (CRR) by 50 basis points to 4.50 per…
With competing claims for funds, DoT not in favour of tariff subsidy
Multiple requests and letters from private telecom companies and industry bodies notwithstanding, the Department of Telecommunications (DoT) is unlikely to provide any support in the form of floor price for tariff or subsidy for the same in…
Citi trader made error behind flash crash in Europe stocks
A trader at the U.S. firm made a mistake “inputting a transaction,” Citigroup said late last night, after a knee-jerk selloff in Swedish stocks in five minutes wreaked havoc in bourses from Paris to Warsaw, wiping out 300 billion euros…
India’s goods exports surge 24 pc to $38.19 billion in April
New Delhi, May 3: Continuing the growth momentum, India's merchandise export rose 24.22% in April, 2022 to $ 38.19 billion as compared to $ 30.75 billion in the corresponding month last year. Petroleum products, electronic goods and…
Khadi and Village Comm. posted Rs 1.15 lakh crore turnover
New Delhi, April 30: The Khadi and Village Industries Commission (KVIC) has clocked a turnover of Rs 1.15 lakh crore in financial year 2021-22, a growth of 20.54 per cent from the previous year, an official statement said on Saturday.…
India’s peak power demand crosses 207 GW on Friday
Mumbai, April 29: India's power demand touched another high on Friday at 207 GW, as mercury continued to soar higher and higher. The maximum all India power demand touched 207,111 MW at 14:50 hrs today, an all-time high so far,…
PM to inaugurate Global Patidar Business Summit today
New Delhi, April 28: Prime Minister Narendra Modi will inaugurate the Global Patidar Business Summit (GPBS), being organized by Sardardham on Friday at 12, via video conferencing. Sardardham is organizing GPBS under 'Mission 2026' to…
Telecom Dept launches 5G Vertical Engagement and Partnership Program
New Delhi, April 11: The Department of Telecommunications on Monday launched 5G Vertical Engagement and Partnership Program (VEPP) initiative and invited Expression of Interest (EoI) to build strong collaboration partnerships across 5G…
RBI revises its ‘real GDP projection’ to 7.2 per cent for FY’23
Mumbai, April 8: The Reserve Bank of India (RBI) on Friday has revised its real GDP projection for FY2022-23 to 7.2 per cent in the backdrop of the escalating geopolitical tensions and augmented supply-side disruptions due to the…
Rupee down 44 paise against US Greenback
Mumbai, April 6: Riding with the current world currency sentiments, Rupee tumbled down 44 paise to close at 75.75 against the greenback on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said. Surging…
Russian Amb to US calls sanctions against Banks blow to commoners
Washington, April 7: Feeling the pinch of US sanctions against Sberbank and Alfa Bank, Russian ambassador called these a direct blow to ordinary Russian citizens, Anatoly Antonov told reporters. “The administration's non-stop sanctions…
Centre approves 27 road projects in Arunachal
New Delhi, April 3: The BJP-led government at the Centre has approved 27 road projects under the Central Road Infrastructure Fund (CRIF) in Arunachal Pradesh, to improve road connectivity in the frontier state, Union Minister for Law…
NMDC posts 42.15 MT iron ore production with 23 % increase in FY 22
New Delhi, April 2: National Mineral Development Corporation Ltd (NMDC), country's largest iron ore producer, on Saturday reported cumulative production and sales for FY 22 at 42.15 MT and 40.70 MT respectively, a growth of 23 per cent…
A former Banker explains why Sri Lanka’s economy went from boom to bust
Colombo, April 03: While problems have been brewing for years, spillovers from the crisis in Ukraine have sent the island nation over the edge. As an unprecedented economic crisis is unfolding in Sri Lanka. And while the country’s problems…
How is Sensex keeping uptrend, any boosters?
New Delhi, April 01: As Sensex is powering upwards to 59,000 many financial pandits are asking questions, why Indian burses are going up in spite of Russia-Ukraine war and other crises situations prevailing in economy worldwide.
As the…
GST Collection posts new high in March ’22
New Delhi, April 1: On the back of strong rebound in economic activities and anti-evasion drive, goods and services tax (GST) collection reached all-time high to Rs 1.42 lakh crore in March, 2022. The revenues for the month of March…
11 crypto exchanges including WAZIRX and Coin DCX booked for duty evasion
New Delhi, March 28: As many as 11 crypto exchanges including Coin DCX, CoinSwitch Kuber, Flitpay and Buy Ucoin were booked by tax authorities for evasion of Goods and Services Tax (GST) to the tune of Rs 81.54 crore. The government…
PRS Delhi & IIMC Delhi organize Naresh Kumar Memorial ‘Talent Hunt Competition’
New Delhi, March 18: Public Relations Society Delhi in collaboration with Department of Advertising & Public Relations IIMC, organized an on-ground event “Talent Hunt Competition” at IIMC, Delhi Campus. Prof. Sanjay Dwivedi, DG (IIMC)…
RBI: India’s macroeconomic fundamentals remain strong
Mumbai, March 17: Even as the ongoing geopolitical crisis has heightened uncertainty, clouding the global macroeconomic and financial landscape, India's macroeconomic fundamentals remain strong, according to a Reserve Bank of India…
Digital Currency: RBI working on phased implementation of CBDC
New Delhi, March 15 (UNI) The Reserve Bank of India (RBI) is currently working towards a phased implementation strategy for introduction of Central Bank Digital Currency (CBDC), Minister of State for Finance Pankaj Chaudhary said on…
