RBI identifies Cross Border Payments of ‘Sandbox’ Innovation
The Reserve Bank of India has identified cross-border payments as the second cohort of its regulatory sandbox (RS) program in a bid to make international remittance...
Category : ECONOMY
FM Sitharaman Holds Pre-Budget Consultations With Top Industrialists
Finance Minister Nirmala Sitharaman will start the pre-budget consultations with different stakeholder groups from Monday, December 14. The consultations will be held for the forthcoming General...
Govt to Impose New Tariffs on Import of Solar Cells and Modules
India plans to impose new tariffs on imports of solar cells and modules from 1 April 2022, power and renewable energy minister Raj Kumar Singh...
Foundation for 7.5-8% GDP Growth in Future has Been Laid: Niti Aayog’s Rajiv Kumar
The foundation has been laid for a GDP growth rate of 7.5-8 pr cent beyond 2021-22, says Niti Aayog vice-chairman Dr Rajiv Kumar, media reported. Kumar...
IT Refunds Worth Rs 1.45 Lakh Crore Issued to 89 Lakh Taxpayers
The Finance Ministry on Friday said the Income Tax Department has issued refunds worth Rs 1.45 lakh crore to about 89 lakh taxpayers so far this...
RTGS Transactions to be Available 24×7 from December 14
The Reserve Bank of India (RBI) has announced that RTGS or the Real Time Gross Settlement system will be available round the clock on all days...
RBI Projects 6.8% Retail Inflation for Dec Quarter
The Reserve Bank of India on Friday said that the retail inflation is likely to remain elevated and pegged at 6.8 per cent for the third quarter...
RBI Kept Repo Rate Unchanged At 4%, GDP Forecast Upgraded
The Monetary Policy Committee (MPC) of the Reserve Bank kept the repo rate unchanged at 4% and maintained an ‘accommodative’ stance, implying more rate cuts in the...
Singapore, US Biggest FDI Source for India During April-September 2020
According to the commerce and industry ministry, US emerged as the second biggest source of foreign direct investment (FDI) into India, replacing the Mauritius, during the first half of...
Strategist Predicts Bitcoin to Reach $300,000 by Year-End
The world’s largest digital currency is in the midst of an exuberant rally that this week saw it cross above $18,800 for the first time...