Economy News

Indian rupee hits a low of Rs 79.36 against USD, gold touches Rs 54K

The Indian rupee on Tuesday hit a low of Rs 79.36 against the US dollar and experts expect further depreciation.

Jul 6, 2022

T.Raja Kumar takes over as President of "Financial Action Task Force"

T. Raja Kumar of Singapore has been appointed as the president of Financial Action Task Force (FATF), the anti-money laundering watchdog.

Jul 2, 2022

Large borrowers' loan accounts and bad loans decline: RBI's Financial Stability Report

The share of large borrowers for scheduled commercial banks (SCB) has declined in the recent times while their share in the gross non-performing assets (GNPA) also went down, said the Reserve Bank of India (RBI).

Jul 2, 2022

RBI hits hard on Bitcoin, DeFi, crypto trading platforms

The Reserve Bank of India (RBI) has slammed unbacked crypto assets (such as Bitcoin), stablecoins and decentralised finance (DeFi) and crypto asset trading platforms, underscoring the need for regulatory guardrails to ensure financial stability and consumer and investor protection.

Jul 2, 2022

Import duty on gold increased, may not impact demand or price of this yellow metal

The increase in customs duty on gold will not have any major impact on the precious metal's demand or the price, said a top official of Madras Jewelers and Diamond Merchants Association.

Jul 1, 2022

If banks raise interest rates on Fixed deposit to 7.5-8%, there could be a flight from mutual funds: Report

If banks raise interest rates on fixed deposits to 7.5-8%, there could be a flight to these products from mutual funds, Motilal Oswal Financial Services said in a report.

Jul 1, 2022

RBI Governor reiterates caution against cryptocurrencies, says clear danger

The RBI governor said cryptocurrencies are a sophisticated scheme in disguise

Jul 1, 2022

Best Performance: K'taka tops DPIIT's Ease of Doing Business-SBRAP 2020 rankings

Karnataka has bagged the "Top Achiever" position under the implementation of the Ease of Doing Business ranking of States/Union Territories released by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India on Thursday.

Jun 30, 2022

GST applicable on Curd, lassi, bank cheque books from July 18 [List of products where GST increased or decreased]

Come July 18, 18 per cent Goods and Services Tax (GST) will be applicable on bank cheque book/loose leaf cheques and 12 per cent on maps, atlas, and globes.

Jun 29, 2022

Indian, Saudi and South African banks to post larger increase in margins in FY23: Moody's

Banks in India, Saudi Arabia and South Africa would post larger increases in margins in FY23, said rating agency Moody's.

Jun 27, 2022

VC firm Backstage Capital cuts workforce; Startups lay off 20,000 since April

Several tech startups have laid off over 20,000 employees the world over since April, while more than 10,000 have lost jobs in India led by edtech platforms.

Jun 27, 2022

Bitcoin bounces back, reclaims $20,000-range, experts warn of bull trap potential

The last couple of months have not been up to the mark and the market has witnessed Billion of Dollars being wiped out of the total cryptocurrency market cap, and reports have suggested that further more losses are waiting at the horizon.

Jun 22, 2022

Shaktikanta Das, Governor, Reserve Bank of India

RBI raises repo rate by 50 bps; Highlights

The Reserve Bank of India has raised the repo rate by 50 basis points to 4.9 per cent, Governor Shaktikanta Das said on Wednesday, adding that inflation was likely to remain above the upper tolerance level for three quarters of this financial year.

Jun 8, 2022

RBI says further cut in state VAT on fuels can soften inflationary pressure, expectations

A further reduction of state value added taxes on petrol and diesel across the country would certainly contribute to softening of the inflationary pressures as well as the inflationary expectations, said the Reserve Bank of India Governor Shaktikanta Das on Wednesday.

Jun 8, 2022

RBI's monetary policy meet: Some expectations from the ongoing meet

Though the RBI's raising policy rates in the ongoing monetary policy committee meeting is a "no-brainer", as its Governor Shaktikanta Das said in a recent interview, investors, however, await the actual degree of percentage hike before taking fresh positions and future course of action in the financial markets.

Jun 7, 2022

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Economy News

Indian rupee hits a low of Rs 79.36 against USD, gold touches Rs 54K

T.Raja Kumar takes over as President of "Financial Action Task Force"

Large borrowers' loan accounts and bad loans decline: RBI's Financial Stability Report

RBI hits hard on Bitcoin, DeFi, crypto trading platforms

Import duty on gold increased, may not impact demand or price of this yellow metal

If banks raise interest rates on Fixed deposit to 7.5-8%, there could be a flight from mutual funds: Report

RBI Governor reiterates caution against cryptocurrencies, says clear danger

Best Performance: K'taka tops DPIIT's Ease of Doing Business-SBRAP 2020 rankings

GST applicable on Curd, lassi, bank cheque books from July 18 [List of products where GST increased or decreased]

Indian, Saudi and South African banks to post larger increase in margins in FY23: Moody's

VC firm Backstage Capital cuts workforce; Startups lay off 20,000 since April

Bitcoin bounces back, reclaims $20,000-range, experts warn of bull trap potential

RBI raises repo rate by 50 bps; Highlights

RBI says further cut in state VAT on fuels can soften inflationary pressure, expectations

RBI's monetary policy meet: Some expectations from the ongoing meet

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