Public Sector Contributes 20% to National Income, 40% of Total Wages
A report by the domestic rating agency on Monday said the public sector contributed just 20% of national income but accounted for nearly 40% of...
Category : ECONOMY
India Rupee Slips to All-Time Low Record; RBI Intervenes to Aid
The Indian Rupee dropped to an all-time low against the dollar on Monday. The Federal Reserve’s restrictive stance has prolonged, promoting the RBI’s intervention. The...
RBI Forex Reserves Falling Consecutively; Reserves Falls to $564 Billion, Lowest in 22 Months
Due to the falling foreign currency assets and gold reserves, the reserves of RBI slumped by 6.68 billion. The central bank has shared the data;...
RBI’s Surplus Falls Below Rs 1 Trillion as Liquidity Shrinks
A combination of factors, including Reserve Bank of India (RBI) intervention in foreign exchange markets and strong demand for credit, contributed to a significant reduction...
Transactions in Indian retail sector up 160% in H1 of CY2022: CBRE study
Transactions in the retail sector rose by a staggering 160% year on year (Y-o-Y) in the first half of 2022 and more than 100% every...
Govt Issues Consolidated Overseas Investment Rules to Promote Ease of Doing Business
On Monday, the Ministry of Finance notified the consolidated rules for overseas investments by Indian entities to facilitate ease of doing business. The Foreign Exchange...
Muthoot Finance Launches Milligram Gold Point Program for Customers
Muthoot Finance has launched Milligram Reward Programme for its customers, under which transactions with the company will be rewarded with a certain amount of milligram...
UPI Transactions to Remain Free, Modi Govt Clears
The Ministry of Finance has clarified that the government is not considering any charges on UPI services. The concerns of the UPI (Unified Payment Interface)...
MPC Supports Bringing Inflation By Front-Loading Rate Increases
According to the minutes of the Reserve Bank of India’s August policy meeting, which was made public on Friday, most of the committee’s members supported...
Govt Reviews Windfall Gains Tax, Cuts Cess on Crude
On August 18, the Government of India slashed the crude oil tax in its third fortnightly windfall profits tax review and lowered it from Rs...