Stay Connected. Stay Informed.
SBI was among the first few banks to participate in the RBI’s retail digital e-rupee project (File) New Delhi: The State Bank of India (SBI) on Monday said it has implemented UPI interoperability in its digital rupee, called Central Bank Digital Currency (CBDC). With this move, the bank aims to deliver unprecedented convenience and accessibility…
Jet fuel price has been hiked by the steepest-ever 14 per cent – the third straight increase New Delhi: Jet fuel or ATF price on Friday was hiked by the steepest-ever 14 per cent – the third straight increase, while the commercial cooking gas rate was cut by Rs 157.5 per cylinder in line with…
Read More “Steepest-Ever 14% Jet Fuel Price Hike, Commercial Cooking Gas Price Cut” »
GST collections grew by 11 per cent to over Rs 1.59 lakh crore in August. New Delhi: GST collections grew by 11 per cent to over Rs 1.59 lakh crore in August on the back of improved compliance and reduced evasion, with experts forecasting higher mop-up to continue in the upcoming festive season. The gross…
Read More “GST Collection Surges 11% To Rs 1.59 Lakh Crore In August” »
According to government data, retail inflation rose to a 15-month high of 7.44 per cent in July. Indore: Reserve Bank governor Shaktikanta Das on Friday said the central bank expects retail inflation to start declining from this month. He was referring to the central government’s steps to check prices of vegetables like tomatoes, restrictions on…
Read More “Retail Inflation Expected To Come Down From This Month: RBI Chief Shaktikanta Das” »
RBI had announced the withdrawal of Rs 2000 banknotes from circulation on May 19. Mumbai: The Reserve Bank on Friday said that as much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 — the day when the currency was withdrawn from circulation — have been returned to…
Read More “93% Of Rs 2,000 Notes In Circulation Have Been Returned To Banks: RBI” »
Moody’s Investors Service today raised India’s growth projection for 2023 calendar year to 6.7% New Delhi: Moody’s Investors Service today raised India’s growth projection for 2023 calendar year to 6.7 per cent on account of robust economic momentum. “Strong services expansion and capital expenditures propelled India’s 7.8 per cent real GDP growth in the second…
Read More “Global Agency Moody’s Raises India’s Growth Forecast To 6.7 Per Cent For 2023” »
The Chief Economic Advisor was briefing media following the release of first quarter GDP numbers. (File) New Delhi: Chief Economic Adviser V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August. India recorded economic growth of 7.8 per cent in…
New Delhi: Private sector lender Bandhan Bank on Tuesday said it has been appointed by Reserve Bank of India as an authorised pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO) for the civil pensioners. The bank will soon be integrating with the office of CPAO, Ministry of Finance, to operationalise the…
Read More “RBI Authorises Bandhan Bank For Disbursing Civil Pension” »
Unutilized Delhi: Jio Platforms is raring to manage efforts in creating Republic of India-specific AI fashions and AI-powered answers throughout domain names, handing over the good thing about this new-age era to Indian voters, companies and executive, RIL Chairman Mukesh Ambani mentioned on Monday promising “AI to everyone, everwhere”. Terming Synthetic Perception (AI) as probably…
Read More “In Mega Push, Mukesh Ambani’s Jio Guarantees “AI To Everyone, Everywhere”” »
Finance Minister Nirmala Sitharaman said the government’s top priority is to tame inflation (File) New Delhi: Finance Minister Nirmala Sitharaman today said the government’s top priority is to tame inflation to ensure sustained economic growth. Addressing the B20 Summit India, being hosted by the Confederation of Indian Industry (CII), the minister said the GDP numbers…
Read More “Government’s Top Priority Is To Tame Inflation: Finance Minister Nirmala Sitharaman” »