Economy News

Unified Payments Interface (UPI)

UPI emerges as powerful mode, drives financial inclusion in India

Amid a surge in digital payments where nearly four out of five payments in the country were conducted on the Unified Payments Interface (UPI) in FY24, UPI has emerged as the dominant force driving financial inclusion, merchant adoption and cross-border transactions. Feb 22, 2025
India sees over 30 pc decline in suicide death rates from 1990 to 2021: Lancet

NRI accounts clock 43% jump in funds to $13.33 billion in April-Dec

The flow of funds from Indians working overseas into non-resident Indian (NRI) bank accounts has shot up by 42.8 per cent to $13.33 billion between April and December 2024, compared to $9.33 billion during the same period in 2023, according to the latest figures compiled by the Reserve Bank of India (RBI). Feb 20, 2025
Gross domestic product

SBI pegs India's GDP growth at 6.3 pc for Q3 of 2024-25

SBI economists have pegged India's GDP growth at 6.2-6.3 per cent for Q3 (October-December) of 2024-25 driven by buoyant demand and Capex trends along with the increase in EBIDTA and corporate GVA recorded by India Inc. Feb 19, 2025
Gross domestic product

India's GDP growth expected to touch 6.6% in Q3 of 2024-25: Report

India's GDP is expected to grow at 6.6 per cent in the October-December period of 2024-25, which is slower than the corresponding figure of 8.6 per cent for the same quarter of 2023-24, but remains robust with support from agriculture, government spending, and services Feb 18, 2025
Union Budget 2025-26

New Income Tax Bill 2025

Finance Minister Nirmala Sitharaman introduced the new Income Tax Bill, 2025, aiming to simplify tax laws and encourage voluntary compliance. The bill, reduced to 622 pages, replaces complex provisions with clearer ones and introduces terms like 'tax year'. Feb 14, 2025
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