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Economy News

K. T. Rama Rao

Every Indian has debt of Rs 1.25 lakh: KTR

The deceased, Balamanikandan was a Class 8 student in a private school at Nehru Nagar, Karaikkal and had topped the class. Sep 4, 2022
Sensex

After a volatile week expect markets to remain rangebound [details inside]

The Indian Rupee gained 6 paisa or 0.08 per cent to close at Rs 79.80 to the US Dollar. Dow Jones continued to remain under pressure and lost on four of the five trading sessions. Sep 4, 2022
Nirmala Sitharaman

India set to become 3rd largest economy by 2029 as nation witnesses rapid economic growth

Recently, India surpassed the United Kingdom to become the fifth largest economy in the world Sep 4, 2022
the-paralympic-24-hour-torch-relay

Britain slips behind India, ranks 6th biggest economy now as per IMF data

The calculation is based in US dollars, and India extended its lead in the first quarter, according to GDP figures from the International Monetary Fund. Sep 3, 2022
Forex

Forex reserves dip by $3 billion, fall in foreign currency assets cited

Foreign currency assets fell by $2.571 billion to $498.645 billion during the reporting week. Sep 3, 2022
Nirmala Sitharaman

TRS criticizes Sitharaman for "unruly conduct" with District Collector over not displaying PM flexy

During a visit to Birkur village in Kamareddy district on Friday, the Union minister publicly expressed anger at District Collector Jitesh V. Patil as the Prime Minister's flexi was not displayed at the shop. Sep 3, 2022
Income Tax calculation

Central Board of Direct Taxes issues refunds of over Rs 1.14 lakh Cr to taxpayers

The Central Board of Direct Taxes (CBDT) said on Saturday that it has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers between April 1 to August 31. Sep 3, 2022
LPG gas cylinders

LPG cylinder prices rose 45% in 5 years, revised 58 times; From Rs 723 in 2017 to Rs 1,053 now

According to official data of the Petroleum Ministry, between April 1, 2017 and July 6, 2022 LPG prices rose by 45 per cent through 58 upward revisions. Sep 3, 2022
india, forex reserves, rbi, fcnr deposits, rupee, us dollar, demonetisation, global uncertainty

Forex: Rupee falls 11 paise at 79.56 against US dollar

Dollar index, which gauges the the strength of greenback against the basket of six major currencies were at 109.037. Sep 2, 2022
Revenue increase and growth recorded in Q2 FY20

Gross GST revenue collected in August is ₹1,43,612 crore; 28% YoY increase [details]

Revenues for the month of August 2022 are 28% higher than the GST revenues in the same month in 2021. Monthly GST revenues are more than the ₹ 1.4 lakh crore for six months in a row. Sep 1, 2022
bank

Most Indian banks offer worst customer experiences on their mobile apps, reveals report

Most Indian banks are falling behind customers' changing needs on their mobile apps, doing too little to help customers understand their spending and debts, create useful budgets, receive personalised insights, get proactive advice, track their financial health, and monitor their financial lives, a new report has revealed. Aug 30, 2022
sensex

Stock Markets closure: Indices ends sharply up, Sensex up over 1,500 points

Benchmark indices ended sharply up on Tuesday after falling sharply on Monday due to delivery-based buying by the FIIs and short covering in the F&O market, dealers said. Aug 30, 2022
weighing scale

Centre's show-cause notices to manufactures/importers of weighing & measuring instruments

Keeping in view the unauthorised sale of weighing and measuring instruments on e-commerce sites, the Centre has issued show cause notices to the manufacturers and importers for seeking details of compliance. Aug 30, 2022
Adani Group Chairman Gautam Adani

Gautam Adani is first Asian to become world's third richest person [List of top 10 billionaires]

Gautam Adani was already Asia's richest man and now he is also the world's third richest person, overtaking LVMH chairman Bernard Arnault and becoming the first Asian person to take that spot, according to Bloomberg and its Billionaires index. Aug 30, 2022
Abhijit Sen

Noted Indian economist Abhijit Sen passes away at 72

Well-known economist and former member of the Planning Commission, Abhijit Sen, passed away late on Monday night following a heart attack. He was 72. Aug 30, 2022
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