Economy News

Rupee Recovers From All-Time Low Level; Rises 29 Paise To 83.32 Against US Dollar

Rupee Recovers From All-Time Low Level; Rises 29 Paise To 83.32 Against US Dollar

India's forex reserves increased by USD 6.396 billion to USD 642.492 billion for the week ended March 15, the Reserve Bank said.

Mar 26, 2024, 10:37 AM IST
EPFO Adds 16.02 Lakh Members In January; 8.08 Lakh Enroll For First Time

EPFO Adds 16.02 Lakh Members In January; 8.08 Lakh Enroll For First Time

Gender-wise analysis of payroll data unveiled that out of 8.08 lakh new members, around 2.05 lakh are new female members.

Mar 25, 2024, 17:56 PM IST
Public Sector Banks May Exceed Rs 15,000 Crore In Dividend Payout For FY24

Public Sector Banks May Exceed Rs 15,000 Crore In Dividend Payout For FY24

The central bank has proposed that the new guidelines should come into effect from FY25 onwards. 

Mar 24, 2024, 19:19 PM IST
Holi 2024: Indian Markets Soak In Colours As Traders See Surge In Sale

Holi 2024: Indian Markets Soak In Colours As Traders See Surge In Sale

People across the country are flocking to markets to purchase sweets, and colors. Streets are filled with temporary shops selling gulal, colours, toys, and other decor. 

Mar 24, 2024, 14:02 PM IST
FPIs See Steady Growth In Debt Investment: V.K. Vijayakumar

FPIs See Steady Growth In Debt Investment: V.K. Vijayakumar

The fundamental reason for this sustained FPI flows into debt is the inclusion of Indian bonds in the JP Morgan EM Bond Fund and the Bloomberg Bond Index

Mar 23, 2024, 19:43 PM IST
India Extends Ban On Onion Exports Indefinitely Ahead Of General Election

India Extends Ban On Onion Exports Indefinitely Ahead Of General Election

Prime Minister Narendra Modi is seeking a record-equalling third straight term in upcoming elections that will be held over almost seven weeks from April 19.

Mar 23, 2024, 14:11 PM IST
India's Forex Kitty Rises By USD 6.40 Bn To USD 642.50 Bn

India's Forex Kitty Rises By USD 6.40 Bn To USD 642.50 Bn

In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. 

Mar 22, 2024, 18:01 PM IST
Explainer: Should Ultra Rich Pay Higher Tax? Check Why This Topic Is Gaining Momentum

Explainer: Should Ultra Rich Pay Higher Tax? Check Why This Topic Is Gaining Momentum

Let's delve deep into whether the rich pay super tax and the reason why it sparks debate.

Mar 22, 2024, 15:19 PM IST
Inequality Skyrocketed Since 2000s, Top 1% In India Holds 40% Wealth: Study

Inequality Skyrocketed Since 2000s, Top 1% In India Holds 40% Wealth: Study

The paper titled 'Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj' said between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced

Mar 22, 2024, 13:22 PM IST
Government To Purchase 1650 Tonnes Of Onions For Export To Bangladesh

Government To Purchase 1650 Tonnes Of Onions For Export To Bangladesh

India imposed export restrictions on onions to tackle rising domestic prices which raised concerns about affordability and availability. 

Mar 18, 2024, 16:36 PM IST
Deadline For GST Composition Scheme Is March 31: Check What It Is, How To Opt, And  More

Deadline For GST Composition Scheme Is March 31: Check What It Is, How To Opt, And More

The Composition Scheme under the Goods and Services Tax (GST) offers a straightforward and hassle-free tax solution for small businesses.

Mar 17, 2024, 13:23 PM IST
Banks To Send Suspicious Transaction Report Daily Amid Elections

Banks To Send Suspicious Transaction Report Daily Amid Elections

Kumar acknowledged the varying challenges faced by different states and stressed the need for tailored solutions.

Mar 17, 2024, 10:50 AM IST
India To Be Third Top Economy In Few Years, Says FM Nirmala Sitharaman

India To Be Third Top Economy In Few Years, Says FM Nirmala Sitharaman

FM Nirmala Sitharaman said that Prime Minister Narendra Modi was keen on developing every part of the country and used to tell his cabinet colleagues that India does not mean only Delhi.

Mar 17, 2024, 10:48 AM IST
Petrol, Diesel Prices Reduced By Rs 15.3 In Lakshadweep Islands

Petrol, Diesel Prices Reduced By Rs 15.3 In Lakshadweep Islands

The reduction in fuel prices comes as a result of the removal of an element amounting to Rs 6.90 per litre.

Mar 16, 2024, 20:23 PM IST
Foreign Portfolio Investors Turn Big Buyers In March

Foreign Portfolio Investors Turn Big Buyers In March

FPIs have been changing their strategy in response to the changes in the bond yields in the US.

Mar 16, 2024, 18:55 PM IST
Good News For 2.56 Lakhs Gramin Dak Sevaks; Centre Announces Pay Hike For Time Continuity

Good News For 2.56 Lakhs Gramin Dak Sevaks; Centre Announces Pay Hike For Time Continuity

Union Minister Ashwini Vaishnaw introduced a scheme for the financial support of over 2.56 lakh Gramin Dak Sevaks (GDSs) employed in the Department of Posts.

Mar 16, 2024, 11:24 AM IST
Centre Unveils Financial Upgradation Scheme For 2.56 Lakh Gramin Dak Sevaks

Centre Unveils Financial Upgradation Scheme For 2.56 Lakh Gramin Dak Sevaks

This is in addition to the remuneration provided to GDS in the form of 'Time Related Continuity Allowance (TRCA)', according to the government.

Mar 16, 2024, 10:37 AM IST
Government Approves E-Vehicle Policy: 10 Key Points To Know

Government Approves E-Vehicle Policy: 10 Key Points To Know

10 Key Points Regarding The E-Vehicle Policy That You Want To Know

Mar 15, 2024, 17:42 PM IST
Petrol-Diesel Price Today, 15 March 2024: Check City-Wise List Of Updated Petrol, Diesel Rates In Major Cities

Petrol-Diesel Price Today, 15 March 2024: Check City-Wise List Of Updated Petrol, Diesel Rates In Major Cities

Here is the price of petrol, and diesel today, i.e. March 15, 2024, in your city:  

Mar 15, 2024, 08:32 AM IST
Rajasthan Govt Cuts VAT On Petrol, Diesel; Hikes DA Of Employees By 4%

Rajasthan Govt Cuts VAT On Petrol, Diesel; Hikes DA Of Employees By 4%

With the reduction in VAT, consumers can expect some respite in fuel costs.

Mar 14, 2024, 20:16 PM IST