Economy News

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

Inflation Concerns Prompt RBI to Hold Repo Rate Steady

RBI keeps repo rate at 6.5% to control inflation, leading to market decline. Despite this, there's optimism about the economy's long-term outlook and stable housing market

Aug 8, 2024

India's forex reserves at historic high of $675 billion: RBI chief

India's Forex Reserves Soar to Historic $675 Billion

India's foreign exchange reserves have reached a record high of $675 billion, showcasing the country's external sector resilience. Key indicators like current account deficit, services exports, and remittances have improved. Despite global economic challenges, India's economy remains strong

Aug 8, 2024

RBI Governor Highlights India's Financial Resilience Amidst Global Uncertainties

RBI Governor Shaktikanta Das highlighted India's financial sector's resilience, citing strong macroeconomic fundamentals and a well-capitalized banking sector.

Aug 8, 2024

Clearing time for cheques to be cut from 2 days to a few hours: RBI

The RBI aims to reduce the clearing time required for bank cheques to a few hours as part of a major step to facilitate the ease of doing business in the country, RBI Governor Shaktikanta Das

Aug 8, 2024

RBI forecasts 7.2 pc GDP growth on back of rising urban, rural demand

RBI Projects 7.2% GDP Growth Despite Global Uncertainties

The Reserve Bank of India (RBI) announced a projected GDP growth of 7.2% for India in the fiscal year 2024-25. This projection, made on August 8, 2024, is based on the strength of investment demand, steady urban consumption, and rising rural consumption.

Aug 8, 2024

RBI to end scam by fake loan apps, public repository to be created for digital lending apps

To address the problems arising from unauthorised digital lending apps (DLAs), the Reserve Bank proposes to create a public repository of DLAs deployed by its regulated entities to help consumers verify a digital lender.

Aug 8, 2024

RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh

The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction.

Aug 8, 2024

CBDT eases TDS rule in cases of death of deductees

CBDT Eases TDS Rules, Amends LTCG Tax: Slight Relief for Battered Taxpayers

The Central Board of Direct Taxes (CBDT) has eased the provisions of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) in the event of the death of the deductee or collectee, before the linkage of PAN and Aadhaar.

Aug 8, 2024

Taxpayers can choose between old and new LTCG regime: FM Sitharaman

New Tax Regime Offers Flexibility to Choose Between Old and New Long-Term Capital Gains: FM

Finance Minister Nirmala Sitharaman announced in Parliament that taxpayers now have the option to choose between the old and new long-term capital gains (LTCG) regimes. This announcement, part of the Union Budget for 2024-25, was made on Wednesday, August 7.

Aug 8, 2024

Sensex trades lower, RBI MPC decides to keep repo rate unchanged

Indian equity indices opened lower on Thursday ahead of Reserve Bank of India (RBI) Governor Shaktikanta Das announcing MPC decisions.

Aug 8, 2024

Bt Cotton boosts farmers' yield and net income at Rs.25,000 in rainfed areas: Minister

The net return from Bt cotton is estimated at Rs 25,000 per hectare in rainfed areas

Aug 7, 2024

India hiring sees 11 pc surge in July, retail & telecom jobs lead

India's Job Market Records 11% Yearly Increase in July: Report

India's job market has been witnessing a significant surge, with an 11% yearly increase in hiring activity in July, as compared to the same period last year. This growth has been primarily led by the retail and telecom sectors, according to a report by talent platform foundit (formerly Monster APAC & ME).

Aug 7, 2024

Sensex falls 885 points, investors lose over Rs 4 lakh crore

Weekly Wrap: Sensex ends lower, recession fears grip global markets

Indian equity indices witnessed a loss in the last week due to fear of recession in the global market.

Aug 3, 2024

Bears still upset over Budget, Sensex falls 885 points, investors lose Rs 4 lakh crore

Indian equity indices closed in the deep red on Friday session following profit booking on higher levels.

Aug 2, 2024

UPI transactions reach Rs 20.64 lakh crore in July: NPCI

The Unified Payments Interface (UPI)-based transactions surged once again in the month of July, reaching Rs 20.64 lakh crore against Rs 20.07 lakh crore in the previous month – a massive 35 per cent surge (year-on-year), the data released by the National Payments Corporation of India (NPCI)

Aug 1, 2024

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Economy News

Inflation Concerns Prompt RBI to Hold Repo Rate Steady

India's Forex Reserves Soar to Historic $675 Billion

RBI Governor Highlights India's Financial Resilience Amidst Global Uncertainties

Clearing time for cheques to be cut from 2 days to a few hours: RBI

RBI Projects 7.2% GDP Growth Despite Global Uncertainties

RBI to end scam by fake loan apps, public repository to be created for digital lending apps

RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh

CBDT Eases TDS Rules, Amends LTCG Tax: Slight Relief for Battered Taxpayers

New Tax Regime Offers Flexibility to Choose Between Old and New Long-Term Capital Gains: FM

Sensex trades lower, RBI MPC decides to keep repo rate unchanged

Bt Cotton boosts farmers' yield and net income at Rs.25,000 in rainfed areas: Minister

India's Job Market Records 11% Yearly Increase in July: Report

Weekly Wrap: Sensex ends lower, recession fears grip global markets

Bears still upset over Budget, Sensex falls 885 points, investors lose Rs 4 lakh crore

UPI transactions reach Rs 20.64 lakh crore in July: NPCI

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