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Retail inflation expected to be around 5.3 per cent in current fiscal: RBI
MUMBAI: Projecting the inflation trajectory in line with its earlier estimate, the Reserve Bank of India (RBI) on Wednesday said the retail inflation is expected to be around 5.3 per cent during the current fiscal year.
It is expected to…
Reserve Bank of India to introduce UPI based payment solutions
With an aim to promote wider digitisation, Reserve Bank of India (RBI) on Wednesday announced that UPI-based digital payment solutions will be launched on feature phones.
Only smartphone users have been availing Unified Payments…
RBI lets Schrodinger’s cat out of the bag, admits rate corrections can’t fight inflation…
It appears that inflation has entered the state of Schrodinger's theory, where price rise is both temporary and persistent simultaneously.
On Wednesday, the RBI confirmed that headline inflation will likely peak in January-March 2022,…
No plan to cut 18 per cent GST on insurance premiums: Government
NEW DELHI: Despite frequent requests from the insurance sector to reduce 18% Goods and Services Tax levied on the insurance premium, the Centre has said currently there is no recommendation to reduce the GST rate on health insurance…
Global crypto market cap drops 2.28 per cent in one day; not a correction, say experts
Global crypto market capitalisation witnessed a fall of 2.28% on Monday evening and stood at $2.23 trillion.
While Bitcoin was trading at $48,482.76, a decrease of 0.81%, Ethereum was trading at $4,066.31, a decrease of 2.33% from the…
India ‘very unequal’, top 10% hold 57% of national income: Inequality Report
India stands out as a “poor and very unequal country, with an affluent elite”, where the top 10 per cent holds 57 per cent of the total national income while the bottom 50 per cent’s share is just 13 per cent in 2021, according to the…
For uniform tariffs at hospitals, Irdai calls for regulatory powers or new body
With hospitals across the nation following different tariff structures, a top official of the Insurance Regulatory and Development Authority of India (Irdai) has proposed that either there must be a separate regulator for the healthcare…
‘Create robust, digital platform for easy credit availability to small biz’
IT Minister Ashwini Vaishnaw on Sunday exhorted the banking industry to create an innovative digital platform — as powerful, seamless and robust as UPI — for providing quick and easy credit to MSME, small businessmen, and those at the…
Manglam Builders to invest Rs 850 cr over next four years on new infrastructural development of…
The real estate industry has experienced many crests and troughs since the outbreak of the pandemic in 2020. However, the overall impact of it is favourable for the real estate industry. Let’s talk about the recent trends in the real estate…
Reliance Capital: NCLT admits RBI plea to start insolvency proceedings
The National Company Law Tribunal (NCLT) on Monday admitted the petition moved by the RBI to initiate insolvency proceedings against Reliance Capital (RCL) under the Insolvency and Bankruptcy Code (IBC).
The NCLT’s Mumbai bench also…
India-UAE CEPA to bring manifold gains, Goyal tells industry
New Delhi, Dec 3 (UNI) Ahead of the third round of negotiations on the India-UAE Comprehensive Economic Partnership Agreement (CEPA) scheduled to be held in New Delhi on 6-10 December 2021, Minister of Commerce and Industries Piyush Goyal…
Bitcoin falls by a fifth, cryptos see $1-bn worth liquidated
Bitcoin shed a fifth of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies.
Bitcoin was 12 per cent down at 0920 GMT at $47,495.…
‘Purchase-price subsidies, tax relief can fuel electric mobility growth’
A strong regulatory ecosystem including purchase-price subsidies and tax exemptions can fuel electric mobility growth in the country, a senior official of Italian luxury car maker Maserati said.
Such a regulatory ecosystem of any country…
‘Economic crimes: Speedy closure a great deterrent’
Finance Minister Nirmala Sitharaman on Saturday urged officials of intelligence wings to ensure a logical and speedy conclusion to every case which would act as a deterrence for perpetrators of economic crimes such as smuggling.
“Logical…
Ramesh Narayan inducted into AFAA Hall of Fame
Ramesh Narayan has been inducted into the AFAA Hall of Fame for the year 2021, at the inaugural AdAsia conference being held in Macau.
“Ramesh Narayan is a legend who has the ability to look past what’s good enough and focus on making…
Promoting Electric Vehicles foremost priority of Telangana govt : Minister
Hyderabad, Dec 4 (UNI) Telangana Transport Minister Puvvada Ajay Kumar has said that promoting Electric Vehicles (EVs) is the foremost priority of the state government.
Speaking at the high-level ministerial round-table conference…
RBI’s new norms likely to increase NBFCs bad loans by one-third: Study
MUMBAI: The recent clarification by the Reserve Bank of India on non-performing advances (NPA) may increase non-banking financial companies' (NBFC) bad loans by one-third, says a report. Last month, the RBI had provided clarification on…
Millennials leading charge in buying pre-owned vehicles in India: Report
NEW DELHI: Millennials are leading the charge when it comes to buying pre-owned vehicles in the country, according to research report by online used car marketplace CARS24. The company has collaborated with leading research firm IPSOS to…
CM Pema Khandu dedicates Sumbachu Hydro to people of Arunachal
Itanagar, Dec 2 (UNI) Arunachal Pradesh Chief Minister Pema Khandu on Thursday dedicated to the people of the state the Sumbachu Small Hydropower Project (SHP) at Zemithang village in Tawang district.
The 2x1.5 MW Power Station, located…
In China, Tesla is a catfish and turns auto companies into sharks
Forty-two years ago, Liu Siong Song built machines to help factories make cheap toys and watches. Then he made them for motorcycle companies.
Now he helps Tesla, in the words of Elon Musk, “make full-size cars in the same way that toy…
