RBI MPC Lowers Inflation Forecast, Projects Faster Growth for FY24
On Thursday, the governor of the Reserve Bank of India (RBI), Shaktikanta Das, announced that the Monetary Policy Committee (MPC) had reduced its Consumer Price...
Category : ECONOMY
Forex Reserves at 3-Month Low, High Volatility Predicted
The Reserve Bank of India (RBI) has reported that India’s foreign exchange reserves have fallen by $2.4 billion to $560 billion in the week ending...
RBI Launches Mission to Make Every Citizen a User of Digital Payments
Despite the proliferation of digital payments over the past few years, many people still do not use digital payments for everyday transactions. To bridge this...
Forex Reserves Drop to 11-Week Low
India’s foreign exchange capital dropped for the third straight week to smash an eleven-week low of $561.27 billion for the week ended February 17, the...
RBI Monetary Policy: Repo Rate Increased by 25 bps, GDP Forecast at 7%
On Wednesday, the Reserve Bank of India (RBI) Governor Shaktikanta Das broadcasted a repo rate hike of 25 basis points (bps), taking the critical standard...
Union Budget 2023: 20% TCS on Foreign Remittance Transactions
Finance Minister Nirmala Sitharaman has increased the tax at source (TCS) rate on foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%....
Union Budget 2023: FM Announces New Investment Scheme for Women
Finance Minister Nirmala Sitharaman announced a one-time small savings scheme for women on February 1. The scheme will be called “Mahila Samman Savings Certificate” and...
Union Budget 2023: Ayushman Bharat Allocated Rs 7,200 Crore
Finance Minister Nirmala Sitharaman, in her Budget 2023-24, increased the allocation for Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to Rs 7,200 crore, while that...
Union Budget 2023: Key Changes in Income Tax Regime
Finance Minister Nirmala Sitharaman’s budget introduced several changes to income tax. The changes are “mainly for the hard-working middle class,” she said. Currently, those earning...
Union Budget 2023: FM Boosts Presumptive Taxation Scheme, Eligibility Threshold Limit Raised
To ease compliance and facilitate non-cash transactions, the finance minister has proposed raising the threshold limit for qualifying businesses for the presumptive tax scheme from...