Economy News

Employees Provident Fund Organisation (EPFO)

Another blow to the middle class: EPFO slashes interest rate to 8.1%, lowest since 1977

The interest rate for EPFO fund in 2021-22 has been slashed from the existing 8.5 per cent to 8.1 per cent for 2021-22

Mar 12, 2022

Petrol, diesel prices may go up by over Rs 6 per litre, says ICRA; Here's why

High crude oil prices, due to geo-political concerns, can spike petrol, and diesel prices by Rs 6 to Rs 8 per litre, ratings agency ICRA said.

Feb 26, 2022

Sovereign Gold Bonds next series to be issued at Rs 5,109 per gram as prices increase

The issue price for Sovereign Gold Bonds' next series has been fixed at Rs 5,109 per gram of gold.

Feb 26, 2022

India's forex reserves rise by over $2.7 bn to $632.952 bn before Ukraine War

India's foreign exchange reserves gained $2.762 billion during the week ended February 18.

Feb 26, 2022

To evade financial sanctions, Putin may embrace Bitcoin, legalise crypto

The increased adoption of cryptocurrencies is helping Russian President Vladimir Putin evade the first wave of financial sanctions from the West and the country may legalise cryptocurrencies in order to sustain and virtually avoid all the sanctions as it invades Ukraine, the media reported.

Feb 25, 2022

High oil prices, trade deficit to subdue rupee in 74.5 and 75.5 range [Forecast]

High Crude oil prices along with a wider monthly trade deficit is expected to subdue the Indian rupee in the coming week.

Feb 20, 2022

India, UAE sign CEPA to enhance bilateral trade volumes to $100 bn

India, UAE sign CEPA to boost bilateral trade to $100 bn; To be implemented in 60 days

To enhance trade relations, India and the United Arab Emirates on Friday entered into a Comprehensive Economic Partnership Agreement (CEPA).

Feb 19, 2022

Fear & Loathing: FY22 pent-up demand likely to fizzle away.

High commodity prices to pose risk to FY22 current account deficit, says Acuite Ratings

India's FY22 current account deficit faces mild upside risk from high commodity prices, said Acuite Ratings & Research.

Feb 17, 2022

India's pineapple exports record near 100% growth, reach $3.26 mn

India's pineapple exports rose by almost 100 per cent to $3.26 million during the April-December period in 2021, compared to $1.63 million recorded in the corresponing period of 2013, the Ministry of Commerce and Industry informed on Monday.

Feb 15, 2022

RBI reschedules Monetary Policy Committee meeting due to mourning on Lata Mangeshkar's demise

RBI reschedules MPC meet as Maharashtra shut on Lata Mangeshkar's death

Feb 7, 2022

Up to six months' imprisonment for publishing certain kinds of export/import info

New Customs Act: Up to six months' jail for publishing certain data on export or import

The Finance Bill 2022 adds a new section in the Customs Act for the protection of data with a provision for imprisonment for publishing certain kinds of export or import data.

Feb 5, 2022

Budget 2023: FM announces to set up digital university To be built on Hub and Spoke model

While presenting the Union Budget 2022-23 in Parliament on Tuesday, Finance Minister Nirmala Sitharaman announced the setting up of a digital university in the country as several children have suffered due to the Covid-19 pandemic-induced closure of educational institutions.

Feb 1, 2022

Production-Linked Incentive scheme may generate 60 lakh jobs in next 5 years: FM

The Production-Linked Incentive (PLI) scheme across 14 sectors, including IT hardware manufacturing, has the potential to generate at least 60 lakh new job opportunities, said Finance Minister Nirmala Sitharaman.

Feb 1, 2022

Lord Ganesha on Budget day: The untold, unwritten custom of Finance Ministry

Every Finance Minister starts his/her Budget day with Ganesh puja at the corridors of the Finance Ministry of the North Block, offering flowers to the lord, before heading to the Parliament for budget presentation as the Budget day is the most important day for any Finance Minister which evaluates his/her performance.

Feb 1, 2022

Caption: Ram Nath Kovind.(photo:Twitter Ram Nath Kovind)

India strengthened its standing in rapidly evolving global environment: President

India has strengthened its standing in the rapidly evolving global environment through improvement in diplomatic relations, said President Ram Nath Kovind.

Jan 31, 2022

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Economy News

Another blow to the middle class: EPFO slashes interest rate to 8.1%, lowest since 1977

Petrol, diesel prices may go up by over Rs 6 per litre, says ICRA; Here's why

Sovereign Gold Bonds next series to be issued at Rs 5,109 per gram as prices increase

India's forex reserves rise by over $2.7 bn to $632.952 bn before Ukraine War

To evade financial sanctions, Putin may embrace Bitcoin, legalise crypto

High oil prices, trade deficit to subdue rupee in 74.5 and 75.5 range [Forecast]

India, UAE sign CEPA to boost bilateral trade to $100 bn; To be implemented in 60 days

High commodity prices to pose risk to FY22 current account deficit, says Acuite Ratings

India's pineapple exports record near 100% growth, reach $3.26 mn

RBI reschedules Monetary Policy Committee meeting due to mourning on Lata Mangeshkar's demise

New Customs Act: Up to six months' jail for publishing certain data on export or import

Budget 2023: FM announces to set up digital university To be built on Hub and Spoke model

Production-Linked Incentive scheme may generate 60 lakh jobs in next 5 years: FM

Lord Ganesha on Budget day: The untold, unwritten custom of Finance Ministry

India strengthened its standing in rapidly evolving global environment: President

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