Economy News

Govt going for vote on account on Feb 1, no big bang announcements: Nirmala Sitharaman

Indian Finance Minister Nirmala Sitharaman has said that the upcoming Union Budget on February 1, 2024 to be presented in Parliament ahead of the Lok Sabha elections will not be a regular budget but only a vote on account so the government is not likely to make any "spectacular announcements".

Dec 7, 2023

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Nov 28, 2023

Sensex scales 66K mark with 400-point jump

BSE Sensex crossed the 66,000 mark on Thursday as the index moved up 400 points.

Nov 16, 2023

Sitharaman inaugurates SBI branch in Sri Lanka's Trincomalee

Union Finance Minister Nirmala Sitharaman on Thursday inaugurated a State Bank of India (SBI) branch in Sri Lanka's Trincomalee city, during her ongoing visit to the island nation.

Nov 2, 2023

More than 7.65 crore ITRs filed for assessment year 2023-24

The Income Tax Department registered a record number of filing of income tax returns (ITRs) till October 31, 2023, which was the due date for filing of ITRs (other than ITR 7) for taxpayers not having any international or specified domestic transactions, in whose case books of account were required to be audited.

Nov 2, 2023

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UPI transactions soar to all-time high of Rs 17.16 lakh crore in October

Unified Payment Interface (UPI) transactions soared to an all-time high of Rs 17.16 lakh crore in October with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to data.

Nov 1, 2023

RBI fines Mumbai bank for levying extra charge on ATM cards

The RBI has slapped a fine of Rs 13.3 lakh on SVC Co-operative Bank Ltd., Mumbai as it was imposing annual maintenance charges for ATM cards in Basic Savings Bank Deposit Accounts in violation of the central bank's directions.

Oct 23, 2023

High-level meeting likely to take call on winding up MMTC, STC, PEC

A high-level meeting chaired by Union Commerce and Industry Minister Piyush Goyal is likely to take a call on the closure of government-owned Metals and Minerals Trading Corporation of India (MMTC), State Trading Corporation (STC) and Project & Equipment Corporation of India Limited (PEC) on October 23, according to reliable sources.

Oct 14, 2023

RBI slaps fines on Union Bank of India, RBL Bank for breach of rules

The Reserve Bank of India (RBI) on Friday said it has imposed monetary penalties on Union Bank of India and RBL Bank for the violation of norms.

Oct 14, 2023

RBI fines Paytm Payments Bank for breach of norms

The RBI has slapped a Rs 5.39 crore fine on Paytm Payments Bank for not complying RBI guidelines related to know your customer (KYC) norms and not reporting incidents of cyber security breaches in time.

Oct 13, 2023

Nifty declines on fears of wider conflict between Israel and Hamas

Nifty declined on Monday as fear of a wider conflict rose between Israel and Hamas. At close, Nifty was down 0.72 per cent or 141.2 points at 19512.4, said Deepak Jasani, Head of Retail Research at HDFC Securities.

Oct 10, 2023

New Delhi: Finance Minister Nirmala Sitharaman During The 52nd Goods And Services Tax (GST) Council Meeting

Retirement age of GST Appellate Tribunal chief, members raised [Details]

The GST Council at its meeting held on Saturday recommended an increase in the retirement age of the president and members of the GST Appellate Tribunal.

Oct 7, 2023

GST Council scraps tax on millet flour; 2023 declared as 'Year of the Millet'

In the year of the millet, the GST Council on Saturday exempted millet flour from GST.

Oct 7, 2023

India joins hands with Japan to launch $600 million fund for sustainable projects

JBIC will contribute 51 percent of the $600 million, while India will contribute the remaining amount

Oct 4, 2023

RBI slaps fines on 3 banks in Gujarat for breach of rules

The Reserve Bank of India (RBI) has imposed monetary penalties on three cooperative banks in Gujarat for breach of rules after carrying out statutory inspections of their records.