Economy News

RBI, Bank Indonesia to cooperate against money laundering, terror financing

The Reserve Bank of India (RBI) on Saturday said it has signed an MoU with Bank Indonesia (BI) to improve mutual cooperation between the two central banks.

Jul 16, 2022

Bank unions to start Twitter campaign against privatization of government banks

A day ahead of the start of the Parliament's Monsoon session, the United Forum of Bank Unions (UFBU) has given a call for a campaign on Twitter against privatisation of government banks, a top union official said.

Jul 16, 2022

US weekly jobless claims rise to eight-month high amid economic slowdown

US weekly jobless claims rise to 244,000, eight-month high

Initial jobless claims in the United States last week rose to 244,000, the highest level in eight months and the latest sign that the labour market might be cooling.

Jul 15, 2022

Crypto crash continues, lending platform Celsius Network files for bankruptcy

Cryptocurrency lending company Celsius Network, that recently laid off 150 employees, has now filed for bankruptcy in the US amid extreme market conditions.

Jul 14, 2022

Indian rupee at Rs 79.36 against USD, gold touches Rs 54K

Indian rupee weakens against dollar; falls below Rs 79.65 [details]

The rupee movement against the dollar will be triggered by the inflation numbers of the US which are expected to be out later on Wednesday.

Jul 13, 2022

US private sector adds 247,000 jobs in April

Indian tech firms hired 200K Americans in 2021, helped generate $103 bn: Nasscom

With an average wage of $106,360, witnessing a 22 per cent employment growth since 2017 in the US, said a new Nasscom report

Jul 13, 2022

India's external debt of $620.7 billion not a cause to worry, say experts

Of $620.7 billion, $490 billion is non-government and the share of government is only $130.8 billion, said experts.

Jul 13, 2022

RBI fines Ola Financial Services over Rs 1.67 crore for non-compliance

The Reserve Bank of India (RBI) on Tuesday fined Ola Financial Services Private Ltd over Rs 1.67 crore for non-compliance of regulations.

Jul 12, 2022

1 Euro equals 1 US dollar for the first time in 20 years

The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine, Euro News reported.

Jul 12, 2022

World's biggest gambling hub shuts casinos in China amid Covid outbreak

Macau closed all its casinos for the first time in more than two years on Monday after a coronavirus outbreak in the world's biggest gambling hub, BBC reported.

Jul 11, 2022

Shaktikanta Das, Governor, Reserve Bank of India

RBI projects inflation to ease in second half of FY23

Inflation was expected to moderate significantly to the target rate of four per cent by third quarter of FY23, with a projected average inflation rate of 4.5 per cent for 2022-23, said RBI Governor.

Jul 11, 2022

Municipal Corporation of Delhi introduces new rates of property tax

The Municipal Corporation of Delhi (MCD) has implemented new rates of property tax to bring uniformity in the rates after the amalgamation of civic bodies in the nation

Jul 8, 2022

Non-life insurers can offer innovative vehicle insurance covers [pay as you drive, pay how you drive]

More than two decades after the Indian insurance industry was opened up, the sectoral regulator has allowed the non-life insurers to offer innovative add-on covers on motor insurance policies.

Jul 6, 2022

Foreign Exchange: RBI relaxes regulations to boost forex inflows

The Reserve Bank of India (RBI) on Wednesday announced a series of measures to boost foreign exchange inflows.

Jul 6, 2022

ED raids Vivo, other Chinese firms in money laundering case

The Enforcement Directorate (ED) on Tuesday conducted raids at nearly 40 locations in Uttar Pradesh, Madhya Pradesh, Bihar, and in southern states, in connection with a prevention of money laundering case linked to Vivo and associated Chinese firms.

Jul 6, 2022

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Economy News

RBI, Bank Indonesia to cooperate against money laundering, terror financing

Bank unions to start Twitter campaign against privatization of government banks

US weekly jobless claims rise to 244,000, eight-month high

Crypto crash continues, lending platform Celsius Network files for bankruptcy

Indian rupee weakens against dollar; falls below Rs 79.65 [details]

Indian tech firms hired 200K Americans in 2021, helped generate $103 bn: Nasscom

India's external debt of $620.7 billion not a cause to worry, say experts

RBI fines Ola Financial Services over Rs 1.67 crore for non-compliance

1 Euro equals 1 US dollar for the first time in 20 years

World's biggest gambling hub shuts casinos in China amid Covid outbreak

RBI projects inflation to ease in second half of FY23

Municipal Corporation of Delhi introduces new rates of property tax

Non-life insurers can offer innovative vehicle insurance covers [pay as you drive, pay how you drive]

Foreign Exchange: RBI relaxes regulations to boost forex inflows

ED raids Vivo, other Chinese firms in money laundering case

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