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Economy News

Govt currency PSU mints Rs 240 crore dividend amid Covid-19

Despite Covid, Govt currency PSU mints profits, to give Rs 240 Cr as dividend

Businesses around the world were struggling to cope up with running losses amid the pandemic, but the government mint was able to pay Rs 240 crore dividend to the government, an official statement said on Monday. Jan 4, 2022
Rs 2000 fake notes

Fake currency found in RBI chest in Lucknow

Fake currency notes comprising Rs 10 rupee note, 18 notes of Rs 50, 443 notes of Rs 100, one note each of Rs 500 and Rs 2,000 were found Jan 3, 2022
Murugesh Nirani

K'taka: KIADB to allot land on 10-year lease-cum-sale basis, what it means [Details]

KIADB will allot land to industries or institutions on a '10-year lease-cum-sale' basis by amending the existing rules, much to the delight of industrialists and investors. Jan 1, 2022
india, india forex reserves, rbi, foreign exchange reserves, fii, fpi, fdi, modi govt, arun jaitley, india trade

India's forex reserves decline by $587 mn in 4th consecutive week ending Dec 24

FCAs edged lower by $847 million to $571.369 billion. SDR value rose by $24 million to $19.114 billion. Jan 1, 2022
Sensex

Indian equities end 2021 on positive note, all sectoral indices up in the last one year

The Sensex and Nifty settled at 58,253 points and 17,354 points. The decline in the use of cash can affect business activities, say experts. Jan 1, 2022
power bill

Living without power connection, this BPL family gets electricity bill worth Rs 1 lakh [details]

Taking serious note of harassment of poor family, SDM Mendhar orders inquiry; asks an officer to submit a report within a week Dec 29, 2021
Real Estate Summit in J&K

First-ever real-estate summit in J&K: 39 MoUs worth Rs 18,300 cr signed [details]

J&K is likely to receive close to Rs 60 thousand crores of investment in the real estate sector in near future. Next summit is to be held at Srinagar in May 2022 Dec 29, 2021
Sensex

Value buy lifts Sensex, Nifty today; healthcare stocks rise

Healthcare and Banks have risen the most, whereas Metals and Oil & Gas have fallen the most. National Stock Exchange (NSE) rose to 17,050 points Dec 27, 2021
RBI

Investors approach RBI to buy stake in RBL Bank: Report

The current management team led by Rajeev Ahuja has full support from RBI. The slippages had peaked in Q2 and will be improving this quarter Dec 27, 2021
india, india forex reserves, rbi, foreign exchange reserves, fii, fpi, fdi, modi govt, arun jaitley, india trade

India's foreign exchange reserve down by $160 mn in week ending Dec 17

The SDR value stands at $19.089 billion. The country's reserve with the IMF saw a rise of $9 million. Dec 25, 2021
DK Shivakumar

K'taka Anti-conversion bill black mark on state, affects global standing: Shivakumar [Details]

Karnataka Congress President D.K. Shivakumar on Tuesday said that the proposed anti-conversion bill is going to be a black mark on the state. He further stated that, if the proposed bill is introduced it will affect the foreign investments in the state. Dec 21, 2021
Sensex

Bloodbath at Dalaal Street; why Sensex, Nifty plunged over 2% [reasons explained]

The Nifty IT index, which had held gains on Friday due to an encouraging demand forecast for the industry, also succumbed to the broader bearish attitude. Dec 20, 2021
Petrol

Diesel, petrol prices steady on Sunday; see fuel rates in different cities [details]

Across the country as well, the price of the fuel remained largely unchanged on Sunday but the retail rates varied depending on the level of local level taxes. Dec 19, 2021
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 foreign exchange reserves decline for 3rd consecutive week

The forex reserves decreased to $635.828 billion from $635.905 billion. The value of gold reserves rose to $38.709 billion. Dec 18, 2021
People face problems due to nationwide bank strike

Bank Strike Impact: Clearance of 38 lakh cheques worth Rs 37,000 cr affected

The ongoing two-day nationwide bank strike against the privatisation of government banks has affected clearing of cheques worth about Rs 37,000 crore, said C.H. Venkatachalam, General Secretary of the All India Bank Employees' Association (AIBEA). Dec 17, 2021
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