NRI Can Now Pay Bills Directly in India
The Reserve Bank of India allows non-resident Indians (NRIs) to pay bills directly in India. Now cross-border remittance payments. By enabling the Bharat Bill Payment...
Category : ECONOMY
RBI Retains Retail Inflation Forecast at 6.7% for FY23, Hikes Repo Rate by 50 bps to 5.40%
In its bi-monthly meeting, the Monetary Policy Committee of the Reserve Bank of India (RBI) increased the policy Repo Rate by 50 (BP) basis points...
July Vehicle Registrations Fall 8% as Rains, Inflation Hurt Demand: FADA
On Thursday, the Federation of Automobile Dealers Associations of India (FADA) reported that vehicle registrations in July dipped 8% year on year. This can be...
DRI Detects Rs 2,217 Crore Tax Evasion by Vivo India
On Wednesday, the Ministry of Finance stated the Directorate of Revenue Intelligence (DRI) found around Rs 2,217 crore in tax evasion by smartphone maker Vivo...
RBI MPC Meet Starts Today, Repo Rate Hike on the Cards
Today, three days Monetary Policy Committee meeting is scheduled with the governor of the Reserve Bank of India (RBI), Shaktikanta Das, and another member of...
GST Collection Soars 28% YoY, 2nd Highest Since Introduction
GST collection in July rose 28% on year to Rs 1.49 lakh crore, marking the second highest revenue collection since the introduction of the GST...
Bank Credit to Micro, Small Enterprises Jumps 23% in June: RBI Data
Credit and Finance for MSMEs: Overall bank credit deployed to the entire MSME sector in June was Rs 17.93 lakh crore, marginally up from Rs...
Sri Lanka’s Inflation Rises Over 60 Per Cent in July
Sri Lanka’s inflation increased to 60.8 per cent in July, up from 54.6 per cent in June, marking a significant jump of 6.2 per cent....
Brownfield Units in DESH Likely to Get 15% Corporation Tax Benefit
Brownfield units under the revamped SEZ, known as development hubs (DHs), are eligible for a 15% discount on the corporate tax rate upon reaching a...
ADB Cuts India Growth Forecast to 7.2% for FY23, Sees Higher Inflation
On Thursday, the Asian Development Bank (ADB) cut India’s growth forecast for FY23 to 7.2% from 7.5% earlier, citing higher-than-expected inflation since April and subsequent...