Economy News

28% GST impact: Online poker platform Spartan Poker lays off 125 employees

After Mobile Premier League (MPL) and Hike's Rush Gaming, online poker platform Spartan Poker has reportedly become another victim of government's 28 per cent GST on online gaming.

Aug 19, 2023

Locate Your Unclaimed Bank Deposits: RBI launches UDGAM website to search at one place

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access inforMation), which would make it easier for people to search for their unclaimed deposits across multiple banks at one place.

Aug 18, 2023

India becomes 2nd biggest mobile producing country; crosses 2bn mark under "Make in India" [details]

'Make in India' mobile phone shipments crossed the 2-billion cumulative units mark during 2014-2022, registering a 23 per cent Compound annual growth rate (CAGR), latest research showed on Monday.

Aug 16, 2023

Rupee declines; Now one dollar equals Rs 83

A day before Independence Day, Indian Rupee on Monday declined below Rs 83 to an US dollar, the lowest since October 2022.

Aug 15, 2023

india forex reserves, fii buying, rbi data on foreign exchange reserves, fii debt buying, fii equity buying, indian stock markets, foreign investors in indian stock markets, pm modi, modi govt completes 3 years

India's debt rose by 174% between 2013-14 & 2022-23, external debt by 100%

Central government's debt in the last nine years has risen 174 per cent, while there has been a 100 per cent increase in external debt during the same period, i.e., between 2013-14 and 2022-23.

Aug 14, 2023

Net direct tax collections stand at Rs 5.84 lakh crore, 17% higher than last fiscal

Net direct tax collection for the current financial year are Rs 5.84 lakh crore, which are 17.33 per cent more than net collections recorded during the corresponding period of last year, the Finance Ministry said on Friday.

Aug 12, 2023

Six years of GST regime: Rs 27,426 Cr of tax evasion detected but only Rs 922 Cr recovered

In six years since the introduction of the Goods and Services Tax (GST), the government has detected 5,070 fraud cases of GST registration misusing PAN and Aadhaar details of people to claim input tax credit (ITC).

Jul 31, 2023

Non-compliance of service charge ban in Delhi attracts Rs 1 lakh penalty each on restaurant associations

The Delhi High Court has given a final chance to the Federation of Hotels and Restaurant Associations of India and the National Restaurant Association of India to file their affidavits, as per the order issued on April 12 regarding levy of service charge by their members.

Jul 28, 2023

Embracing resilience and sustainability in value chains: Building strategies for rapidly changing world

By incorporating transparent and flexible supply chain practices, investing in circular economy principles, and nurturing resilient partnerships, companies can build strategies that withstand disruptions and foster sustainability, writes Major General Dilawar Singh as he delves deep into why embracing resilience and sustainability in value chains is necessity for businesses to thrive in a rapidly changing world.

Jul 24, 2023

Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23

The Centre on Monday ratified the 8.15 per cent interest rate on deposits under the Employees Provident Fund (EPFO) scheme for 2022-23.

Jul 24, 2023

EPFO payroll data: EPFO adds 15.29 lakh net subscribers during the month of January, 2022

Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23

The central government has ratified 8.15% interest rate for EPF subscribers for 2022-23

Jul 24, 2023

A Digital Bank in Bangladesh: Opportunity and Imperative for growth of its Economy

Major General Dr Dilawar Singh shares his opinion on the opportunity and potential for setting up a new Digital Bank in Bangladesh are vast and promising. With a growing tech-savvy population, rising digital adoption, and government initiatives for financial inclusion, the market is primed for innovative digital banking solutions.

Jul 23, 2023

MSME yet to recover from impact of demonetisation, GST: Congress

Congress on Saturday slammed the BJP-led central government saying the MSME sector has not yet recovered from the impact of demonetisation and GST and that no adequate steps were taken to revive the sector which could have provided employment to the youth is in its worst phase.

Jul 22, 2023

Russia's Sberbank Establishes Major IT Unit In B'luru

Russia's Sberbank sets up major IT unit in Bengaluru; Plans to employ IT specialists

Sberbank's branch in India has received permission from the Reserve Bank of India (RBI) to establish an IT unit here.

Jul 21, 2023

'Sell China, Buy India' policy of FPIs cannot continue for long

The valuations in China at a PE of 9 is hugely attractive now compared to valuations in India with a PE of around 20 and, therefore, the 'Sell China, Buy India' policy of FPIs cannot continue for long, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Jul 15, 2023

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Economy News

28% GST impact: Online poker platform Spartan Poker lays off 125 employees

Locate Your Unclaimed Bank Deposits: RBI launches UDGAM website to search at one place

India becomes 2nd biggest mobile producing country; crosses 2bn mark under "Make in India" [details]

Rupee declines; Now one dollar equals Rs 83

India's debt rose by 174% between 2013-14 & 2022-23, external debt by 100%

Net direct tax collections stand at Rs 5.84 lakh crore, 17% higher than last fiscal

Six years of GST regime: Rs 27,426 Cr of tax evasion detected but only Rs 922 Cr recovered

Non-compliance of service charge ban in Delhi attracts Rs 1 lakh penalty each on restaurant associations

Embracing resilience and sustainability in value chains: Building strategies for rapidly changing world

Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23

Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23

A Digital Bank in Bangladesh: Opportunity and Imperative for growth of its Economy

MSME yet to recover from impact of demonetisation, GST: Congress

Russia's Sberbank sets up major IT unit in Bengaluru; Plans to employ IT specialists

'Sell China, Buy India' policy of FPIs cannot continue for long

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