Economy News

1 Euro equals 1 US dollar for the first time in 20 years

The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine, Euro News reported.

Jul 12, 2022

World's biggest gambling hub shuts casinos in China amid Covid outbreak

Macau closed all its casinos for the first time in more than two years on Monday after a coronavirus outbreak in the world's biggest gambling hub, BBC reported.

Jul 11, 2022

Shaktikanta Das, Governor, Reserve Bank of India

RBI projects inflation to ease in second half of FY23

Inflation was expected to moderate significantly to the target rate of four per cent by third quarter of FY23, with a projected average inflation rate of 4.5 per cent for 2022-23, said RBI Governor.

Jul 11, 2022

Municipal Corporation of Delhi introduces new rates of property tax

The Municipal Corporation of Delhi (MCD) has implemented new rates of property tax to bring uniformity in the rates after the amalgamation of civic bodies in the nation

Jul 8, 2022

Non-life insurers can offer innovative vehicle insurance covers [pay as you drive, pay how you drive]

More than two decades after the Indian insurance industry was opened up, the sectoral regulator has allowed the non-life insurers to offer innovative add-on covers on motor insurance policies.

Jul 6, 2022

Foreign Exchange: RBI relaxes regulations to boost forex inflows

The Reserve Bank of India (RBI) on Wednesday announced a series of measures to boost foreign exchange inflows.

Jul 6, 2022

ED raids Vivo, other Chinese firms in money laundering case

The Enforcement Directorate (ED) on Tuesday conducted raids at nearly 40 locations in Uttar Pradesh, Madhya Pradesh, Bihar, and in southern states, in connection with a prevention of money laundering case linked to Vivo and associated Chinese firms.

Jul 6, 2022

Odisha EOW asks Google to remove 45 'illegal' loan apps from Play Store

1 in 2 Indians victims of extortion, data misuse due to instant loan apps, reveals survey

A new report by community social media platform LocalCircles released on Tuesday showed that over 54 per cent of citizens surveyed experienced extortion or data misuse during the collection process from instant loan apps

Jul 6, 2022

Indian rupee hits a low of Rs 79.36 against USD, gold touches Rs 54K

The Indian rupee on Tuesday hit a low of Rs 79.36 against the US dollar and experts expect further depreciation.

Jul 6, 2022

T.Raja Kumar takes over as President of "Financial Action Task Force"

T. Raja Kumar of Singapore has been appointed as the president of Financial Action Task Force (FATF), the anti-money laundering watchdog.

Jul 2, 2022

Large borrowers' loan accounts and bad loans decline: RBI's Financial Stability Report

The share of large borrowers for scheduled commercial banks (SCB) has declined in the recent times while their share in the gross non-performing assets (GNPA) also went down, said the Reserve Bank of India (RBI).

Jul 2, 2022

RBI hits hard on Bitcoin, DeFi, crypto trading platforms

The Reserve Bank of India (RBI) has slammed unbacked crypto assets (such as Bitcoin), stablecoins and decentralised finance (DeFi) and crypto asset trading platforms, underscoring the need for regulatory guardrails to ensure financial stability and consumer and investor protection.

Jul 2, 2022

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Economy News

1 Euro equals 1 US dollar for the first time in 20 years

World's biggest gambling hub shuts casinos in China amid Covid outbreak

RBI projects inflation to ease in second half of FY23

Municipal Corporation of Delhi introduces new rates of property tax

Non-life insurers can offer innovative vehicle insurance covers [pay as you drive, pay how you drive]

Foreign Exchange: RBI relaxes regulations to boost forex inflows

ED raids Vivo, other Chinese firms in money laundering case

1 in 2 Indians victims of extortion, data misuse due to instant loan apps, reveals survey

Indian rupee hits a low of Rs 79.36 against USD, gold touches Rs 54K

T.Raja Kumar takes over as President of "Financial Action Task Force"

Large borrowers' loan accounts and bad loans decline: RBI's Financial Stability Report

RBI hits hard on Bitcoin, DeFi, crypto trading platforms

Import duty on gold increased, may not impact demand or price of this yellow metal

If banks raise interest rates on Fixed deposit to 7.5-8%, there could be a flight from mutual funds: Report

RBI Governor reiterates caution against cryptocurrencies, says clear danger

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