Economy News

Union Minister of State for Commerce & Industry, Nirmala Sitharaman.

India's economic leap: Third-largest economy by 2027-28 [details]

India, currently the world's fifth-largest economy, is on a fast-paced trajectory to become the third-largest by 2027-28. The country's Gross Domestic Product (GDP) is projected to surpass $5 trillion during this period.

Jan 10, 2024

Govt estimates show increase in GDP growth forecast from 7.2% in previous year to 7.3% for 2023-24

India's gross domestic product (GDP) is estimated to grow by 7.3 per cent in 2023-24, up from 7.2 per cent in 2022-23, according to the advance estimate released by the Ministry of Statistics on Friday.

Jan 6, 2024

Key UPI transaction changes that come into effect in New Year

The Unified Payments Interface (UPI) rules have gone through some key changes in the New Year to improve online banking and payment transaction experiences.

Jan 2, 2024

rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI issues directions on Internal Ombudsman rules for banks, NBFCs

The Reserve Bank of India (RBI) on Friday released a master direction on the Internal Ombudsman norms for banks and big NBFCs to harmonise the instructions applicable to various regulated entities on the Internal Ombudsman (IO) mechanism.

Dec 30, 2023

January is normally a poor month for market

As 2023 draws to a close, the most significant feature of the year's rally is the sharp outperformance of the broader market, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Dec 29, 2023

Govt likely to cut petrol, diesel prices ahead of LS polls

The government is likely reduce the petrol and diesel prices ahead of the Lok Sabha polls as crude oil prices have also come down in the international market which will enable the oil marketing companies to bear the burden.

Dec 29, 2023

Nifty midcap100 up 44% while Nifty smallcap100 surges 54%

Domestic markets are ending the year 2023 on a buoyant note as Nifty scales above 21,500 mark while Sensex crosses 71,000. Investor's sentiments got a big boost in November and December which helped both domestic as well as global markets scale new high, says a report by Motilal Oswal Broking and Distribution.

Dec 22, 2023

SBI hikes interest rate on loans

The State Bank of India (SBI) has hiked its base rate of lending from 10.10 per cent to 10.25 per cent which is likely to lead to an increase in the EMIs of home, auto and personal loans.

Dec 15, 2023

Orwell Lionel on a Mission to Empower Future Commerce Professionals

Orwell Lionel, with his dream of revolutionizing commerce learning and formal education for professional commerce courses, has successfully built the foundations for what would make way for generations to explore the endless possibilities of pursuing these courses

Dec 14, 2023

India's inflation rate 5.6% higher than most other nations: Bank of Baroda

Inflation in India at 5.6 per cent for November is higher than most other nations, the Bank of Baroda said in a report.

Dec 14, 2023

Govt going for vote on account on Feb 1, no big bang announcements: Nirmala Sitharaman

Indian Finance Minister Nirmala Sitharaman has said that the upcoming Union Budget on February 1, 2024 to be presented in Parliament ahead of the Lok Sabha elections will not be a regular budget but only a vote on account so the government is not likely to make any "spectacular announcements".

Dec 7, 2023

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Nov 28, 2023

Sensex scales 66K mark with 400-point jump

BSE Sensex crossed the 66,000 mark on Thursday as the index moved up 400 points.

Nov 16, 2023

Sitharaman inaugurates SBI branch in Sri Lanka's Trincomalee

Union Finance Minister Nirmala Sitharaman on Thursday inaugurated a State Bank of India (SBI) branch in Sri Lanka's Trincomalee city, during her ongoing visit to the island nation.

Nov 2, 2023

More than 7.65 crore ITRs filed for assessment year 2023-24

The Income Tax Department registered a record number of filing of income tax returns (ITRs) till October 31, 2023, which was the due date for filing of ITRs (other than ITR 7) for taxpayers not having any international or specified domestic transactions, in whose case books of account were required to be audited.