Economy News

Forex reserves dip by $3 billion, fall in foreign currency assets cited

Foreign currency assets fell by $2.571 billion to $498.645 billion during the reporting week.

Sep 3, 2022

TRS criticizes Sitharaman for "unruly conduct" with District Collector over not displaying PM flexy

During a visit to Birkur village in Kamareddy district on Friday, the Union minister publicly expressed anger at District Collector Jitesh V. Patil as the Prime Minister's flexi was not displayed at the shop.

Sep 3, 2022

Central Board of Direct Taxes issues refunds of over Rs 1.14 lakh Cr to taxpayers

The Central Board of Direct Taxes (CBDT) said on Saturday that it has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers between April 1 to August 31.

Sep 3, 2022

LPG cylinder prices rose 45% in 5 years, revised 58 times; From Rs 723 in 2017 to Rs 1,053 now

According to official data of the Petroleum Ministry, between April 1, 2017 and July 6, 2022 LPG prices rose by 45 per cent through 58 upward revisions.

Sep 3, 2022

india, forex reserves, rbi, fcnr deposits, rupee, us dollar, demonetisation, global uncertainty

Forex: Rupee falls 11 paise at 79.56 against US dollar

Dollar index, which gauges the the strength of greenback against the basket of six major currencies were at 109.037.

Sep 2, 2022

Revenue increase and growth recorded in Q2 FY20

Gross GST revenue collected in August is ₹1,43,612 crore; 28% YoY increase [details]

Revenues for the month of August 2022 are 28% higher than the GST revenues in the same month in 2021. Monthly GST revenues are more than the ₹ 1.4 lakh crore for six months in a row.

Sep 1, 2022

Most Indian banks offer worst customer experiences on their mobile apps, reveals report

Most Indian banks are falling behind customers' changing needs on their mobile apps, doing too little to help customers understand their spending and debts, create useful budgets, receive personalised insights, get proactive advice, track their financial health, and monitor their financial lives, a new report has revealed.

Aug 30, 2022

Stock Markets closure: Indices ends sharply up, Sensex up over 1,500 points

Benchmark indices ended sharply up on Tuesday after falling sharply on Monday due to delivery-based buying by the FIIs and short covering in the F&O market, dealers said.

Aug 30, 2022

Centre's show-cause notices to manufactures/importers of weighing & measuring instruments

Keeping in view the unauthorised sale of weighing and measuring instruments on e-commerce sites, the Centre has issued show cause notices to the manufacturers and importers for seeking details of compliance.

Aug 30, 2022

Gautam Adani is first Asian to become world's third richest person [List of top 10 billionaires]

Gautam Adani was already Asia's richest man and now he is also the world's third richest person, overtaking LVMH chairman Bernard Arnault and becoming the first Asian person to take that spot, according to Bloomberg and its Billionaires index.

Aug 30, 2022

Noted Indian economist Abhijit Sen passes away at 72

Well-known economist and former member of the Planning Commission, Abhijit Sen, passed away late on Monday night following a heart attack. He was 72.

Aug 30, 2022

Sensex, Nifty fall on US interest rate fears along many Asian stock markets

Indians shares fell on Monday after Jerome Powell, Chairman of the US Federal Reserve, said it would continue to raise interest rates to tackle soaring prices.

Aug 29, 2022

Sequoia Capital India sells 17.2 crore Zomato shares; brings down stake to 4.4% [details]

Zomato said Sequoia Capital India sold some 6.7 crore shares in the September 6-October 14, 2021 period and 10.5 crore shares between June 27-August 25, 2022.

Aug 26, 2022

India Heals 2020 event: Ayush industry is fastest growing sector of Indian economy

Ayush Industry has grown by 6 times from $3 billion to $18 billion in the last seven years since 2014 and continues to be "one of the fastest growing" sectors of the Indian economy.

Aug 26, 2022

chief economic adviser (CEA) Krishnamurthy Subramanian

Govt appoints former Chief Economic Adviser K Subramanian as India's Executive Director at IMF

Subramanian, who is currently a Professor at the Indian School of Business, was the Chief Economic Adviser between 2018 and 2021.

Aug 26, 2022

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Economy News

Forex reserves dip by $3 billion, fall in foreign currency assets cited

TRS criticizes Sitharaman for "unruly conduct" with District Collector over not displaying PM flexy

Central Board of Direct Taxes issues refunds of over Rs 1.14 lakh Cr to taxpayers

LPG cylinder prices rose 45% in 5 years, revised 58 times; From Rs 723 in 2017 to Rs 1,053 now

Forex: Rupee falls 11 paise at 79.56 against US dollar

Gross GST revenue collected in August is ₹1,43,612 crore; 28% YoY increase [details]

Most Indian banks offer worst customer experiences on their mobile apps, reveals report

Stock Markets closure: Indices ends sharply up, Sensex up over 1,500 points

Centre's show-cause notices to manufactures/importers of weighing & measuring instruments

Gautam Adani is first Asian to become world's third richest person [List of top 10 billionaires]

Noted Indian economist Abhijit Sen passes away at 72

Sensex, Nifty fall on US interest rate fears along many Asian stock markets

Sequoia Capital India sells 17.2 crore Zomato shares; brings down stake to 4.4% [details]

India Heals 2020 event: Ayush industry is fastest growing sector of Indian economy

Govt appoints former Chief Economic Adviser K Subramanian as India's Executive Director at IMF

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react