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Interest rate for 5-year recurring deposit hiked to 6.7 %, rates for other key schemes kept unchanged

The government has kept interest rates of all key small savings schemes unchanged for the October-December period, except for the five-year recurring deposit, which has been hiked from 6.5 per cent to 6.7 per cent.

Sep 30, 2023

RBI to maintain rates, real estate sector to be disappointed

Only an unforeseen and sustained increase in inflation may compel the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) to revise upwards the repo rate, said the Chief Economist at Anand Rathi Shares and Stock Brokers.

Sep 29, 2023

Bank employees to strike work for 13 days between Dec 4 – Jan 20

The largest workers' union in the banking sector, the All India Bank Employees' Association, has called for a series of strikes across the nation between December 4 and January 20, 2024 demanding staff recruitment.

Sep 27, 2023

Happy Home: Govt likely to offer interest subsidy on loans to small home buyers

The Finance Ministry is considering a proposal to allocate Rs 60,000 crore for making subsidised loans available to buyers of small homes in cities over the next five years, a senior official said.

Sep 26, 2023

I-T Dept urges taxpayers with previous arrears to have them adjusted in refund claims

The Income Tax (I-T) Department is providing an opportunity to taxpayers who have previous outstanding demands of payments against them, to have these reconciled so that refunds in their cases, if any, can be issued.

Sep 23, 2023

India's CEA rebuts economist Ashoka Mody's claims; points out hypocrisy [details]

In response to economist Ashoka Mody's claims in "India's fake growth story" article, India's Chief Economic Advisor V. Anantha Nageswaran has issued a detailed response, asserting that the government's method for calculating GDP has remained consistent over time.

Sep 8, 2023

Corning Unveils New Gorilla Glass With Improved Drop Performance

Telangana to get India's first Gorilla Glass manufacturing facility

American multinational technology company Corning Inc has chosen Telangana to set up their Gorilla Glass manufacturing facility, a first of its kind investment in India, the state government said on Friday.

Sep 2, 2023

Deposit or exchange the Rs 2,000 banknotes held with them by Sep 30, 2023

2,000 denomination notes worth Rs 3.32 lakh crore received back till Aug 31; Deposit or exchange by Sep 30

Bank notes of 2,000 denomination worth Rs 3.32 lakh crore have been received back by banks till August 31, according to data collated by the Reserve Bank of India (RBI).

Sep 2, 2023

Revenue increase and growth recorded in Q2 FY20

India's GDP growth stands at 7.8% for first quarter of 2023-24, lesser than RBI's estimate of 8%

India's economic growth stood at 7.8 per cent in the first quarter (April-June) of the current fiscal, a steep fall from 13.1 per cent GDP growth recorded in the corresponding period of last year, according to data released by the ministry of statistics and programme implementation on Thursday.

Sep 1, 2023

What is Jio AirFiber: Everything you need to know about new wireless fibernet internet

With a planned launch date of September 19th, 2023, coinciding with the revered festival of Ganesh Chaturthi, Jio AirFiber is poised to usher in a new era of high-speed, wireless internet in India. Read all about it here.

Aug 28, 2023

India will soon be a $5 trillion economy, says PM Modi at BRICS business forum

Addressing the BRICS Business Forum Leaders' Dialogue in Johannesburg on Tuesday, Prime Minister Narendra Modi said that despite global challenges, India has emerged as the fastest growing economy and will soon become a $5 trillion economy.

Aug 23, 2023

Govt imposes 40% duty on onion export

The government on Saturday imposed a 40 per cent export duty on onion exports till December 31.

Aug 19, 2023

28% GST impact: Online poker platform Spartan Poker lays off 125 employees

After Mobile Premier League (MPL) and Hike's Rush Gaming, online poker platform Spartan Poker has reportedly become another victim of government's 28 per cent GST on online gaming.

Aug 19, 2023

Locate Your Unclaimed Bank Deposits: RBI launches UDGAM website to search at one place

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access inforMation), which would make it easier for people to search for their unclaimed deposits across multiple banks at one place.

Aug 18, 2023

India becomes 2nd biggest mobile producing country; crosses 2bn mark under "Make in India" [details]

'Make in India' mobile phone shipments crossed the 2-billion cumulative units mark during 2014-2022, registering a 23 per cent Compound annual growth rate (CAGR), latest research showed on Monday.

Aug 16, 2023

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