Economy News

Reserve Bank Mulls Digital India Trust Agency To Combat Cyber Fraud

Reserve Bank Mulls Digital India Trust Agency To Combat Cyber Fraud

The introduction of DIGITA is expected to enhance transparency and accountability within the digital lending sector.

Mar 31, 2024, 15:09 PM IST
India's Forex Reserves Rise By USD 140 Million To Hit Fresh Peak Of USD 642.63 Billion

India's Forex Reserves Rise By USD 140 Million To Hit Fresh Peak Of USD 642.63 Billion

Gold reserves increased by USD 347 million to USD 51.487 billion during the week, the RBI said.

Mar 30, 2024, 15:52 PM IST
‘Resilience of Indian stock market forced foreign portfolio investors to turn buyers’

‘Resilience of Indian stock market forced foreign portfolio investors to turn buyers’

FPIs were big buyers in capital goods, automobiles, financials, telecom and real estate. 

Mar 30, 2024, 15:38 PM IST
India’s Foreign Exchange Kitty Rises For 5th Week In A Row

India’s Foreign Exchange Kitty Rises For 5th Week In A Row

In the preceding week that ended on March 15, the forex reserves had increased by a more robust $6.4 billion to scale a record high of $642.49 billion.

Mar 29, 2024, 20:19 PM IST
Centre Issues Order On Wheat Stock Declaration By Traders To Keep Prices In Check

Centre Issues Order On Wheat Stock Declaration By Traders To Keep Prices In Check

The order states that the Wheat Stock Limit is expiring on March 31 for all categories of entities in states and UTs.

Mar 29, 2024, 13:04 PM IST
Agency Banks To Open This Sunday: Check What It Is, How They Operate & Full List

Agency Banks To Open This Sunday: Check What It Is, How They Operate & Full List

The banking regulatory authority has directed all agency banks to keep their designated branches open for over-the-counter transactions related to government operations. 

Mar 29, 2024, 12:48 PM IST
Indian Economy Can Grow At 8% Till 2047, Says Subramanian

Indian Economy Can Grow At 8% Till 2047, Says Subramanian

The growth rate in October-December helped take the estimate for the current fiscal to 7.6 percent.

Mar 28, 2024, 18:06 PM IST
Fiscal Deficit At Feb-End Touches 86.5% Of Full-Year Target: Govt Data

Fiscal Deficit At Feb-End Touches 86.5% Of Full-Year Target: Govt Data

The total expenditure incurred by the Centre was Rs 37.47 lakh crore.

Mar 28, 2024, 17:02 PM IST
Good News For MGNREGA Employees! Centre Announces Pay Hike: Check State-Wise Wages Here

Good News For MGNREGA Employees! Centre Announces Pay Hike: Check State-Wise Wages Here

The employees of Haryana receive the highest wage rate of Rs 374 per day.

Mar 28, 2024, 15:00 PM IST
Rupee Turns Flat At 83.33 Against US Dollar In Early Trade

Rupee Turns Flat At 83.33 Against US Dollar In Early Trade

Brent crude futures, the global oil benchmark, rose 0.53 per cent to USD 86.56 per barrel.

Mar 28, 2024, 09:58 AM IST
RBI Announces Schedule For Monetary Policy Committee Meetings

RBI Announces Schedule For Monetary Policy Committee Meetings

During these meetings, the six-member panel, which includes the governor, votes on a resolution typically on the third day.

Mar 27, 2024, 19:20 PM IST
Govt Directs NCCF, NAFED To Start Buying 5 Lakh Tonnes Of Onion Directly From Farmers

Govt Directs NCCF, NAFED To Start Buying 5 Lakh Tonnes Of Onion Directly From Farmers

Government procurement agencies NAFED and NCCF have been told to pre-register the onion farmers to ensure that payments for the produce are transferred to their bank accounts through Direct Benefit

Mar 27, 2024, 08:33 AM IST
India's CAD Dips To $10.5 Billion In October-December: RBI

India's CAD Dips To $10.5 Billion In October-December: RBI

The merchandise trade deficit at USD 71.6 billion was marginally higher than USD 71.3 billion during the third quarter of 2022-23.

Mar 26, 2024, 20:20 PM IST
S&P Global Ups India’s Growth Forecast For 2024-25

S&P Global Ups India’s Growth Forecast For 2024-25

In November, last year, S&P Global had projected India's growth to be 6.4 per cent in 2024-25 fiscal on robust domestic momentum.

Mar 26, 2024, 12:41 PM IST
Rupee Recovers From All-Time Low Level; Rises 29 Paise To 83.32 Against US Dollar

Rupee Recovers From All-Time Low Level; Rises 29 Paise To 83.32 Against US Dollar

India's forex reserves increased by USD 6.396 billion to USD 642.492 billion for the week ended March 15, the Reserve Bank said.

Mar 26, 2024, 10:37 AM IST
EPFO Adds 16.02 Lakh Members In January; 8.08 Lakh Enroll For First Time

EPFO Adds 16.02 Lakh Members In January; 8.08 Lakh Enroll For First Time

Gender-wise analysis of payroll data unveiled that out of 8.08 lakh new members, around 2.05 lakh are new female members.

Mar 25, 2024, 17:56 PM IST
Public Sector Banks May Exceed Rs 15,000 Crore In Dividend Payout For FY24

Public Sector Banks May Exceed Rs 15,000 Crore In Dividend Payout For FY24

The central bank has proposed that the new guidelines should come into effect from FY25 onwards. 

Mar 24, 2024, 19:19 PM IST
Holi 2024: Indian Markets Soak In Colours As Traders See Surge In Sale

Holi 2024: Indian Markets Soak In Colours As Traders See Surge In Sale

People across the country are flocking to markets to purchase sweets, and colors. Streets are filled with temporary shops selling gulal, colours, toys, and other decor. 

Mar 24, 2024, 14:02 PM IST
FPIs See Steady Growth In Debt Investment: V.K. Vijayakumar

FPIs See Steady Growth In Debt Investment: V.K. Vijayakumar

The fundamental reason for this sustained FPI flows into debt is the inclusion of Indian bonds in the JP Morgan EM Bond Fund and the Bloomberg Bond Index

Mar 23, 2024, 19:43 PM IST
India Extends Ban On Onion Exports Indefinitely Ahead Of General Election

India Extends Ban On Onion Exports Indefinitely Ahead Of General Election

Prime Minister Narendra Modi is seeking a record-equalling third straight term in upcoming elections that will be held over almost seven weeks from April 19.

Mar 23, 2024, 14:11 PM IST