Finance

GST collection touches all-time high in April; stands at Rs 1.68 lakh crore [details]

The gross GST collection has crossed the Rs 1.5 lakh crore-mark for the first time in April 2022 and Rs 1 lakh crore-mark for the 10th month in a row.

May 1, 2022

Stock Markets: Sensex, Nifty extend losses, rising inflation a concern

Indian equity benchmarks extended their losses from the previous week as the markets are worried about the rising inflation besides the likelihood of monetary policy tightening in the US.

Apr 25, 2022

Stock Markets: After 5-day losing streak, Sensex trading up in opening session

Breaking the five day losing streak, Indian benchmark equity indices rose on Wednesday primarily due to value buying.

Apr 20, 2022

Stock Markets: Sensex, Nifty trading steadily in early trade after a storm

After a bloodbath the previous day, benchmark equity indices traded largely steady in early trade on Tuesday.

Apr 19, 2022

Reserve Bank of India to restore regulated markets' trading hours to pre-pandemic timings

The trading hours of various markets regulated by the Reserve Bank will be restored, from April 18, to timings which were applicable during the pre-pandemic period, it was announced on Monday.

Apr 12, 2022

Global headwinds: RBI lowers FY23 GDP growth forecast to 7.2%

Reserve Bank of India on Friday lowered India's FY23 GDP growth projection to 7.2 per cent from an earlier estimation of 7.8 per cent.

Apr 8, 2022

Axis Bank to acquire Citibank's India consumer business [credit cards, retail banking, consumer loans and more]

Lending major Axis Bank will acquire Citibank's consumer businesses in India, subject to regulatory approvals.The boards of Axis Bank and Citibank have approved the deal.

Mar 30, 2022

Govt on Cryptocurrency: No plans to introduce and Reserve Bank of India does not issue cryptocurrency

There is no plan to introduce a cryptocurrency and currently, it is unregulated in India, Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha in a written reply."Reserve Bank of India (RBI) does not issue cryptocurrency.

Mar 16, 2022

UPI123Pay: Feature phones can make UPI payments without internet; see how it works [details]

Users can utilise the 123PAY functionality to make payments, recharge FASTags for automobiles, pay utility bills, and check the amount of their UPI-linked account.

Mar 9, 2022

Oil prices at a 7-year high of $98 after Russia recognises breakaway rebel regions in Ukraine

Here's Why Credit Suisse has downgraded India and raised bet on China

Moreover, Russia has warned that if the West stops importing oil, oil prices may rise to $300 per barrel, and it may shut off the main gas pipeline to Germany.

Mar 9, 2022

Russia switches to China's card system after Visa, Mastercard suspends operations [details]

It is pertinent to note that Russian banks have been barred from using the SWIFT global payments system by the United States, the United Kingdom, and the European Union.

Mar 6, 2022

How does CIBIL score impact your loan eligibility?

A good CIBIL score underscores your financial commitment to repay your dues. However, a score less than the optimum does not spell complete disaster.

Feb 21, 2022

Real-world use of Cryptocurrency: Polytrade finance will change face of trade financing [here's how]

The SMEs businesses severely lack working capital as their payments get cleared only after 60-90 days. The company claims to solve this problem by providing working capital to SMEs.

Jan 6, 2022

No need for separate GST registration in other states, K'taka AAR rules [details]

The KAAR ruled that the applicant need not obtain separate registration in Karnataka, for the supply of services and can raise the invoice by charging IGST from their registered office at Noida, Uttar Pradesh, with the place of supply as Karnataka.

Nov 14, 2021

Shaktikant Das's tenure as RBI Governor extended for 3 years (Details)

Shaktikanta Das, a former IAS official from the 1980 batch, has held critical posts in the finance ministry. He has served as the secretary at the departments of revenue (DOR) and economic affairs (DEA).

Oct 29, 2021

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