Economy News

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UPI transactions soar to all-time high of Rs 17.16 lakh crore in October

Unified Payment Interface (UPI) transactions soared to an all-time high of Rs 17.16 lakh crore in October with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to data.

Nov 1, 2023

RBI fines Mumbai bank for levying extra charge on ATM cards

The RBI has slapped a fine of Rs 13.3 lakh on SVC Co-operative Bank Ltd., Mumbai as it was imposing annual maintenance charges for ATM cards in Basic Savings Bank Deposit Accounts in violation of the central bank's directions.

Oct 23, 2023

High-level meeting likely to take call on winding up MMTC, STC, PEC

A high-level meeting chaired by Union Commerce and Industry Minister Piyush Goyal is likely to take a call on the closure of government-owned Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC) and Project & Equipment Corporation of India Limited (PEC) on October 23, according to reliable sources.

Oct 14, 2023

RBI slaps fines on Union Bank of India, RBL Bank for breach of rules

The Reserve Bank of India (RBI) on Friday said it has imposed monetary penalties on Union Bank of India and RBL Bank for the violation of norms.

Oct 14, 2023

RBI fines Paytm Payments Bank for breach of norms

The RBI has slapped a Rs 5.39 crore fine on Paytm Payments Bank for not complying RBI guidelines related to know your customer (KYC) norms and not reporting incidents of cyber security breaches in time.

Oct 13, 2023

Nifty declines on fears of wider conflict between Israel and Hamas

Nifty declined on Monday as fear of a wider conflict rose between Israel and Hamas. At close, Nifty was down 0.72 per cent or 141.2 points at 19512.4, said Deepak Jasani, Head of Retail Research at HDFC Securities.

Oct 10, 2023

New Delhi: Finance Minister Nirmala Sitharaman During The 52nd Goods And Services Tax (GST) Council Meeting

Retirement age of GST Appellate Tribunal chief, members raised [Details]

The GST Council at its meeting held on Saturday recommended an increase in the retirement age of the president and members of the GST Appellate Tribunal.

Oct 7, 2023

GST Council scraps tax on millet flour; 2023 declared as 'Year of the Millet'

In the year of the millet, the GST Council on Saturday exempted millet flour from GST.

Oct 7, 2023

India joins hands with Japan to launch $600 million fund for sustainable projects

JBIC will contribute 51 percent of the $600 million, while India will contribute the remaining amount

Oct 4, 2023

RBI slaps fines on 3 banks in Gujarat for breach of rules

The Reserve Bank of India (RBI) has imposed monetary penalties on three cooperative banks in Gujarat for breach of rules after carrying out statutory inspections of their records.

Oct 4, 2023

Union Finance Minister Nirmala Sitharaman

World Bank maintains India's financial growth for 2023 at 6.3%, says country growing rapidly

The World Bank report revealed that adverse weather conditions have contributed to a spike in inflation in recent months in India

Oct 3, 2023

India needs to scale up solar energy capacity to meet its renewable goals, report says

India has committed to a goal of 500 GW renewable energy capacity by 2030 and is steadily bolstering its solar and wind power generation abilities

Oct 3, 2023

India's factory activity remains solid in September, business confidence at highest level: PMI report

India has been achieving financial growth and maintaining a steady business atmosphere when the world is facing global economic headwinds

Oct 3, 2023

Global economy taking a turn for worse, caution ahead: Zoho's Sridhar Vembu

Sridhar Vembu, Co-founder and CEO of software-as-a-service (SaaS) company Zoho, warned on Monday that the global economy is likely taking a turn for the worse, urging companies to exercise caution.

Oct 2, 2023

Interest rate for 5-year recurring deposit hiked to 6.7 %, rates for other key schemes kept unchanged

The government has kept interest rates of all key small savings schemes unchanged for the October-December period, except for the five-year recurring deposit, which has been hiked from 6.5 per cent to 6.7 per cent.

Sep 30, 2023

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Economy News

UPI transactions soar to all-time high of Rs 17.16 lakh crore in October

RBI fines Mumbai bank for levying extra charge on ATM cards

High-level meeting likely to take call on winding up MMTC, STC, PEC

RBI slaps fines on Union Bank of India, RBL Bank for breach of rules

RBI fines Paytm Payments Bank for breach of norms

Nifty declines on fears of wider conflict between Israel and Hamas

Retirement age of GST Appellate Tribunal chief, members raised [Details]

GST Council scraps tax on millet flour; 2023 declared as 'Year of the Millet'

India joins hands with Japan to launch $600 million fund for sustainable projects

RBI slaps fines on 3 banks in Gujarat for breach of rules

World Bank maintains India's financial growth for 2023 at 6.3%, says country growing rapidly

India needs to scale up solar energy capacity to meet its renewable goals, report says

India's factory activity remains solid in September, business confidence at highest level: PMI report

Global economy taking a turn for worse, caution ahead: Zoho's Sridhar Vembu

Interest rate for 5-year recurring deposit hiked to 6.7 %, rates for other key schemes kept unchanged

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react