Economy News

Chinese manufacturing, trade and economy

India to be fastest growing economy in next 3 years, to contribute 30% of global GDP in 2035-40

India will become the third largest economy in the world by 2030. The country will be the fastest-growing major economy in the next three years. Rating has been elevated from the "fragile 5" to the "top 5".

May 22, 2024

PPE-clad thieves rob Nashik ICICI Home Finance locker of Rs 5 Cr gold jewellery

At least two thieves, one shrouded in a PPE kit, broke into the locker hold of the ICICI Home Finance Co. Ltd Nashik branch and scooted off with gold jewellery worth around Rs 4.93 crore

May 6, 2024

RBI leaves key repo rate unchanged, focus on keeping inflation in check

The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in its monetary policy review for the seventh consecutive time, with the aim of keeping inflation in check and ensuring that the economy moves on a stable growth path.

Apr 5, 2024

EPFO introduces automatic transfer of PF balance for employees effective from today

EPFO has introduced a groundbreaking automatic transfer system for provident fund balances, streamlining the process for employees switching jobs.

Apr 1, 2024

Finance Ministry refutes any change in new income tax regime

The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from April 1, 2024, as is being reported by some social media platforms.

Apr 1, 2024

Mumbai overtakes Beijing to become Asia's new billionaire capital

Mumbai has surpassed Beijing to emerge as Asia's new billionaire capital while India has overtaken Germany to become the third-ranked country globally with 271 billionaires, according to the latest Hurun Research Institute report.

Mar 26, 2024

India's forex reserves surge for 3rd week in row to touch $642.5 billion mark

India's foreign exchange reserves surged by $6.4 billion to touch a robust $642.5 billion for the week ended March 15, the latest data released by the RBI on Friday showed.

Mar 23, 2024

RBI slaps fines on Bank of India & Bandhan Bank for breach of rules

The Reserve Bank of India (RBI) has imposed fines on Bank of India and Bandhan Bank for breach of rules, the central bank said on Wednesday.

Mar 14, 2024

Here's all you need to know about RBI's Unclaimed Deposits portal

The Reserve Bank of India (RBI) on Tuesday issued a set of frequently asked questions (FAQs) about its UDGAM portal to help people recover their funds that are stuck in unclaimed deposits/ accounts with banks.

Mar 6, 2024

Karnataka CM Siddaramaiah presents state Budget; Live Updates

This is Siddaramaiah's 15th budget presentation and eighth as the chief minister, which is the highest by any CM in the state

Feb 16, 2024

Japan loses its position as the world's third-largest economy, Germany takes over

Japan has slipped to the world's fourth-largest economy as it fell behind the size of Germany's in 2023, says Deepak Jasani, Head of Retail Research, HDFC Securities.

Feb 15, 2024

Lakhs of dormant wallets, one Pan Card for 1000 accounts... how Paytm came under the RBI scrutiny and what next [details]

This is not the first time Paytm has been caught in the regulatory crosshairs. However, this is the first time that its violations have been under a detailed scrutiny, begging the question how did it get away for seven years?

Feb 6, 2024

Interim Budget proposals to boost real-estate sector: Builders upbeat

The big operators in the real-estate sector of the country on Thursday welcomed the proposals of the Interim Budget 2024 presented by Finance Minister Nirmala Sitharaman, saying the focus on housing requirements of the middle class will actually boost the sector.

Feb 2, 2024

Interim Union Budget 2024: FM calls on President before presentation in Lok Sabha

Union Finance Minister Nirmala Sitharaman reached Rashtrapati Bhawan to call on President Droupadi Murmu before presenting the interim Union Budget for 2024 in Lok Sabha.

Feb 1, 2024

US Fed keeps interest rate unchanged, cites 'uncertain' economic outlook

The US Federal Reserve Bank has kept the interest rate unchanged for the fourth consecutive time after its customary two-day meeting, saying the "economic outlook is uncertain" despite the economy was "expanding at a solid pace".