Economy News

India needs its own cryptocurrency unicorns, suggest experts

India is no longer a niche market, but rather a rapidly expanding financial market. India requires its own cryptocurrency unicorns.

May 15, 2021

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Gold demand may be subdued this 'Akshaya Tritiya' due to Covid impact

The second wave of coronavirus has put the Akshaya Tritiya festival in 2021 in uncertainty, and gold demand has fallen as a result of the lockdown in many states.

May 14, 2021

UN forecast: India's economy to grow 7.5% in 2021, but warns situation 'fragile' due to Covid second wave

For recovery, access to Covid-19 vaccine is critical but in India "access to vaccines is unequal and insufficient to meet the massive demand," said the UN report

May 12, 2021

Sensex falls by 500 points; banking, metal stocks in red; Covid impact vivid

Sensex has fallen, Kotak Mahindra Bank and Tech Mahindra see major loss as the Covid impact glares at the Indian markets now.

May 11, 2021

MFI delinquencies to increase by June: Acuite Ratings

The second wave of corona has hit micro finance institutions. it has affected both urban and local cities.

May 10, 2021

Fuel prices start rising again, petrol up 26p, diesel 32p/ltr

states across India see the hike in petrol price on Monday, few states have crossed the Rupees 100per ltr

May 10, 2021

India's forex reserves down by over $2.4 bn, gold reserves down by $884 mn

India's forex reserves down by over $2.4 billion as of April 2 while the value of the country's gold reserves fell by $884 million to $34.023 billion

Apr 11, 2021

Finance Ministry's April Fool's Day gaffe: PPF rate cut order withdrawn after criticism

The step sparked outrage and may have put the ruling BJP in jeopardy in the ongoing assembly elections, prompting the government to act quickly to mitigate the damage.

Apr 1, 2021

Strengthening India's financial sector: But it all starts with addressing the weak banking system first

Poor corporate governance, risk prone lending has to stop and transparency and disclosures have to be made mandatory

Mar 15, 2021

Karnataka Budget: Stamp Duty cut to 3% from 5% [Details]

Karnataka Chief Minister B.S. Yediyurappa presented a landmark budget on Monday with no tax on petrol and a positive step to cut stamp duty on apartments valued between Rs. 35 and 45 lakhs

Mar 8, 2021

China relies on ABCD to alleviate poverty under new campaign [what it means]

Foreign Ministry Spokesperson Hua Chunying has released plans to alleviate poverty in China and uses the English alphabets to reveal them in order. See what they mean.

Mar 1, 2021

Income Tax Department conducts searches in Pune, Betul, Solapur, Kolkata

In several raids conducted last week on premises of tobacco and soya products companies in Maharashtra, MP and West Bengal, the IT officials found unaccounted cash and other records

Feb 23, 2021

Govt's 2022 J&K plan: Resettlement of Pandits, 25K jobs, train link

Amit Shah said that 25,000 government jobs will be created for the youth of Jammu and Kashmir by 2022 and that almost 3,000 jobs have already been given in the last 17 months.

Feb 13, 2021

Post-Budget Impact: Petrol price rises in Mumbai to Rs 94.36 a litre, diesel at Rs 84.94 a litre

The prices of petrol and diesel have increased 15 times so far in 2021 with the two auto fuels increasing by Rs 4.14 and Rs 4.16 per litre respectively

Feb 11, 2021

How Karnataka Digital Economy Mission is set out to achieve $300bn target in 5 years

Karnataka Deputy Chairman Dr. Ashwathnarayan inaugurated Karnataka Digital Economy Mission (KDEM) and Beyond Bengaluru that focuses on bolstering the state's digital economy and strengthening the IT ecosystem. Details here.

Feb 9, 2021

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