Economy News

India's Forex Kitty Rises By USD 6.40 Bn To USD 642.50 Bn

India's Forex Kitty Rises By USD 6.40 Bn To USD 642.50 Bn

In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. 

Mar 22, 2024, 18:01 PM IST
Explainer: Should Ultra Rich Pay Higher Tax? Check Why This Topic Is Gaining Momentum

Explainer: Should Ultra Rich Pay Higher Tax? Check Why This Topic Is Gaining Momentum

Let's delve deep into whether the rich pay super tax and the reason why it sparks debate.

Mar 22, 2024, 15:19 PM IST
Inequality Skyrocketed Since 2000s, Top 1% In India Holds 40% Wealth: Study

Inequality Skyrocketed Since 2000s, Top 1% In India Holds 40% Wealth: Study

The paper titled 'Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj' said between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced

Mar 22, 2024, 13:22 PM IST
Government To Purchase 1650 Tonnes Of Onions For Export To Bangladesh

Government To Purchase 1650 Tonnes Of Onions For Export To Bangladesh

India imposed export restrictions on onions to tackle rising domestic prices which raised concerns about affordability and availability. 

Mar 18, 2024, 16:36 PM IST
Deadline For GST Composition Scheme Is March 31: Check What It Is, How To Opt, And  More

Deadline For GST Composition Scheme Is March 31: Check What It Is, How To Opt, And More

The Composition Scheme under the Goods and Services Tax (GST) offers a straightforward and hassle-free tax solution for small businesses.

Mar 17, 2024, 13:23 PM IST
Banks To Send Suspicious Transaction Report Daily Amid Elections

Banks To Send Suspicious Transaction Report Daily Amid Elections

Kumar acknowledged the varying challenges faced by different states and stressed the need for tailored solutions.

Mar 17, 2024, 10:50 AM IST
India To Be Third Top Economy In Few Years, Says FM Nirmala Sitharaman

India To Be Third Top Economy In Few Years, Says FM Nirmala Sitharaman

FM Nirmala Sitharaman said that Prime Minister Narendra Modi was keen on developing every part of the country and used to tell his cabinet colleagues that India does not mean only Delhi.

Mar 17, 2024, 10:48 AM IST
Petrol, Diesel Prices Reduced By Rs 15.3 In Lakshadweep Islands

Petrol, Diesel Prices Reduced By Rs 15.3 In Lakshadweep Islands

The reduction in fuel prices comes as a result of the removal of an element amounting to Rs 6.90 per litre.

Mar 16, 2024, 20:23 PM IST
Foreign Portfolio Investors Turn Big Buyers In March

Foreign Portfolio Investors Turn Big Buyers In March

FPIs have been changing their strategy in response to the changes in the bond yields in the US.

Mar 16, 2024, 18:55 PM IST
Good News For 2.56 Lakhs Gramin Dak Sevaks; Centre Announces Pay Hike For Time Continuity

Good News For 2.56 Lakhs Gramin Dak Sevaks; Centre Announces Pay Hike For Time Continuity

Union Minister Ashwini Vaishnaw introduced a scheme for the financial support of over 2.56 lakh Gramin Dak Sevaks (GDSs) employed in the Department of Posts.

Mar 16, 2024, 11:24 AM IST
Centre Unveils Financial Upgradation Scheme For 2.56 Lakh Gramin Dak Sevaks

Centre Unveils Financial Upgradation Scheme For 2.56 Lakh Gramin Dak Sevaks

This is in addition to the remuneration provided to GDS in the form of 'Time Related Continuity Allowance (TRCA)', according to the government.

Mar 16, 2024, 10:37 AM IST
Government Approves E-Vehicle Policy: 10 Key Points To Know

Government Approves E-Vehicle Policy: 10 Key Points To Know

10 Key Points Regarding The E-Vehicle Policy That You Want To Know

Mar 15, 2024, 17:42 PM IST
Petrol-Diesel Price Today, 15 March 2024: Check City-Wise List Of Updated Petrol, Diesel Rates In Major Cities

Petrol-Diesel Price Today, 15 March 2024: Check City-Wise List Of Updated Petrol, Diesel Rates In Major Cities

Here is the price of petrol, and diesel today, i.e. March 15, 2024, in your city:  

Mar 15, 2024, 08:32 AM IST
Rajasthan Govt Cuts VAT On Petrol, Diesel; Hikes DA Of Employees By 4%

Rajasthan Govt Cuts VAT On Petrol, Diesel; Hikes DA Of Employees By 4%

With the reduction in VAT, consumers can expect some respite in fuel costs.

Mar 14, 2024, 20:16 PM IST
India WPI Inflation Eases To 0.2% In February

India WPI Inflation Eases To 0.2% In February

Fuel and power basket inflation eased to -1.59 percent last month from -0.51 percent in January.

Mar 14, 2024, 14:58 PM IST
PM Modi To Distribute Loans To One Lakh Street Vendors Under PM SVANidhi Scheme Today

PM Modi To Distribute Loans To One Lakh Street Vendors Under PM SVANidhi Scheme Today

According to a statement by the Prime Minister's Office, the scheme is aimed at providing economic support to the marginalised sections. 

Mar 13, 2024, 22:42 PM IST
PM Modi To Launch New Credit Scheme PM-SURAJ To Help Poor Start Biz Ventures

PM Modi To Launch New Credit Scheme PM-SURAJ To Help Poor Start Biz Ventures

The credit support will be provided to the eligible persons across the country through banks, non-banking finance companies-microfinance institutions (NBFC-MFIs) and other organisations.

Mar 13, 2024, 09:32 AM IST
India's Retail Inflation Eases To 4-Month Low At 5.09% In February

India's Retail Inflation Eases To 4-Month Low At 5.09% In February

There was no relief as far as pulses are concerned as they turned costlier by 20.47 per cent, while the prices of cereals went up by 7.83 per cent.

Mar 12, 2024, 20:44 PM IST
65% SHG Members Turn Into Lakhpati Didis As Incomes Triple: SBI Report

65% SHG Members Turn Into Lakhpati Didis As Incomes Triple: SBI Report

The report sees Lakhpati Didis emerging as a game changer by 2026-27 across most states & UTs.

Mar 12, 2024, 11:57 AM IST
Stress Disclosures On Small, Mid-Cap Funds By AMCs From March: Officials

Stress Disclosures On Small, Mid-Cap Funds By AMCs From March: Officials

The net assets under management in small-cap and mid-cap funds were Rs 2,49,079 crore and Rs 2,94,490 crore

Mar 10, 2024, 20:27 PM IST