Economy News

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India's foreign exchange reserves decline for 3rd consecutive week

The forex reserves decreased to $635.828 billion from $635.905 billion. The value of gold reserves rose to $38.709 billion.

Dec 18, 2021

People face problems due to nationwide bank strike

Bank Strike Impact: Clearance of 38 lakh cheques worth Rs 37,000 cr affected

The ongoing two-day nationwide bank strike against the privatisation of government banks has affected clearing of cheques worth about Rs 37,000 crore, said C.H. Venkatachalam, General Secretary of the All India Bank Employees' Association (AIBEA).

Dec 17, 2021

PLI schemes to create 1 cr jobs in 5 yrs: Ministry

The outcome from the Centre's recently announced slew of production-linked incentive schemes, in terms of production, is expected to be over $504 billion over the next five years, an official statement said on Thursday.

Dec 17, 2021

Here's how Vyapar GST billing software are helping SMEs

Vyapar provides everything from invoicing, e-way bills, tax filing, and much more. Businesses can use sales/purchase data directly within the software to create 100% GST-compliant accounting reports.

Dec 14, 2021

India's Nov retail inflation sequentially inches up to 4.91%, three-month high

Rising costs of various commodities have lifted India's retail inflation for November. The overall prices of food and beverages were up by 2.60%. Vegetable prices declined by 13.62%.

Dec 14, 2021

Wipro picks Oracle Cloud to digitise air cargo process quickly

IT major Wipro on Monday selected Oracle Cloud to digitise its air cargo process, as demand grows for rapid cargo transportation services in the country.

Dec 13, 2021

US inflation hits 40-year high; here's how it will impact India [details]

Employers in the US have been rising compensation in response to labour shortages, and many have increased pricing to offset higher labour expenses, contributing to inflation.

Dec 11, 2021

RBI keeps lending rate unchanged at 4% as recovery remains prime focus

To push for a lasting economic recovery amid concerns over the Omicron variant of the coronavirus, the Reserve Bank of India on Wednesday retained its key lending rates intact during the pan-ultimate monetary policy review of FY22.

Dec 8, 2021

With transactions of 120 Cr every month, these J'khand women transform banking scene [details]

J'Khand women have transformed the banking scenario in the state. Working as Banking Correspondent Sakhi (BC Sakhi), these women are making transactions worth Rs.120 cr every month.

Dec 5, 2021

Gita Gopinath to replace Okamoto as IMF's First Dy MD

Gita Gopinath, the chief economist at International Monetary Fund is all set to succeed Okamoto as IMF's First Deputy Managing Director.

Dec 3, 2021

Delhi shows the way, cuts Rs. 8 per litre on petrol price

Delhi has taken the initiative to cut down the VAT on petrol by more than 10 percent to bring down the sky-rocketing petrol prices in the national capital. With the latest 19.4% VAT, the price should come down to approximately Rs.96 per litre of petrol.

Dec 1, 2021

No proposal to recognise Bitcoin as currency, says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman stated that " No proposal to recognise Bitcoin as currency." Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Nov 30, 2021

Sensex, Nifty rise in early trade but remain flat amid Omicron concerns

On Tuesday,Sensex traded at 57,620 points, up 0.62 per cent.Till now it has touched a low of 57,252 points.It traded at 17,170 points, up 0.67 per cent during the early-morning trade session.

Nov 30, 2021

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India's Oct retail inflation increases amid high food and input prices

India's October retail inflation inched up on sequential basis on the back of a marginal rise in food prices along with high fuel and commodity prices.

Nov 13, 2021

Global cues, value buying lift indices; Sensex, Nifty regain 60K, 18K marks

India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- rebounded during Tuesday's mid-afternoon trade session as healthy buying was witnessed in realty sector.Value buying opportunities lifted India's key equity indices - S&P BSE Sensex and NSE Nifty50 - during Friday's early-morning trade session.

Nov 12, 2021