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IRDAI has constituted a taskforce on the Bancassurance channel for the distribution of insurance policies through banks. Insurance Regulatory and Development Authority of India (IRDAI) has constituted a taskforce on the Bancassurance channel for the distribution of insurance policies through banks with an objective to review the model and carry out modifications if required. Citing…
Representational image only. | Photo Credit: Reuters Equity benchmark indices declined in early trade on November 1 due to weakness in banking, financial, and metal stocks amid unabated foreign fund outflows. “Investors preferred to remain on the sidelines ahead of the U.S. Federal Reserve’s interest rate decision,” traders said. The 30-share BSE Sensex declined 193.99…
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The rupee depreciated 3 paise to 83.27 against the US dollar in the morning session on Wednesday, November 1, 2023 tracking a strong American currency overseas and muted trend in domestic equities. Persistent foreign fund outflows also weighed on the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 83.26…
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“The liability for the illegal gain made by Manish Mishra, Anshu Mishra and Dipak Dwiwedi individually shall stand modified,” SEBI’s Whole-Time Member Ananth Narayan G said in the order. File | Photo Credit: Reuters Market regulator SEBI on Tuesday confirmed the securities market ban on 22 entities in a case related to manipulation of the…
A cargo train near the Tuticorin Port. | Photo Credit: File Photo This is the last of a three-part series of articles on the Indian Railways, its capital expenditure and freight business. In this article, we will analyse the carriage of non-bulk and general cargo by the Indian Railways (IR). In 2018-19, before the onset…
Centre projected to bring down the fiscal deficit to 5.9% Of GDP in FY24 New Delhi: The central government’s fiscal deficit touched 39.3 per cent of the full-year target in the first half of the current financial year, slightly higher than 37.3 per cent recorded in the year-ago period. In actual terms, the fiscal deficit,…
Read More “Centre’s Fiscal Deficit Touches 39% Of Full-Year Target In FY24’s 1st Half” »
Central government’s fiscal deficit touched 39.3% of the full year target in the first half of the current financial year, slightly higher than 37.3% recorded in the year-ago period. In actual terms, the fiscal deficit or the gap between expenditure and revenue worked out at ₹7.02 lakh crore at the end of September 2023, showed…
Read More “Govt’s fiscal deficit rises to 39.3% of annual target in first half of FY24” »
Central government’s fiscal deficit touched 39.3% of the full year target in the first half of the current financial year, slightly higher than 37.3% recorded in the year-ago period. In actual terms, the fiscal deficit or the gap between expenditure and revenue worked out at ₹7.02 lakh crore at the end of September 2023, showed…
Read More “Govt’s fiscal deficit rises to 39.3% of annual target in first half of FY24” »
Photo used for representation purpose only. File | Photo Credit: G.N. Rao Output from India’s eight core sectors grew 8.1% in September, led by sharp upturns in coal, steel and electricity production, even as crude oil slipped back into contraction mode after two months of growth. While September’s growth rate for core sectors is the…
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A view of a forex trading firm in Mumbai. File | Photo Credit: Reuters The rupee settled flat at 83.26 (provisional) against the U.S. dollar on October 31 as weak domestic equity markets and sustained foreign fund outflows weighed on investor sentiments. However, a decline in crude oil prices supported the local currency amid geopolitical…
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