Ministry of Finance Reports 652 Black Money Cases and 163 Prosecutions
Ministry of Finance has informed that, by the end of last fiscal year, about 652 cases raising demand of more than Rs 17,000 crore and 163 prosecution...
RBI asks banks to provide short term crop loans & short term loans for allied activities
In view of the continuation of the Modified Interest Subvention Scheme by the Centre, the Reserve Bank has asked banks to provide short term crop loan...
IndiGo to introduce business class seats on 12 domestic routes in mid-November
New Delhi: IndiGo will introduce business class seats in flights on 12 domestic routes in mid-November.The seats will be open for booking from Tuesday...
Construction of Tata’s Semiconductor Unit Begins in Assam
Union Minister for Electronics and Information Technology Ashwini Vaishnaw said that the construction work for Tata’s semiconductor unit at Morigaon i...
Haryana government to bring all crops under MSP
Haryana Chief Minister Nayab Singh Saini has announced the procurement of all crops in the state at minimum support price (MSP). Addressing BJP’s ‘Vij...
FPIs invest 54,727 crore rupees in equity & debt in July, 2024
Foreign portfolio investors (FPIs) invested 54,727 crore rupees in equity and debt in the month of July, 2024. According to data from the National Sec...
Record seven crore 28 lakh ITRs filed for Assessment Year 2024-25 till 31st July this year
A record seven crore 28 lakh Income-tax Returns (ITRs) have been filed for Assessment Year 2024-25 till 31st July this year. The Finance Ministry said...
UPI based transactions surge to Rs 20.64 lakh crore in July
The Unified Payments Interface (UPI)-based transactions surged in the month of July, reaching 20.64 lakh crore rupees. National Payments Corporation o...
Fiscal Deficit Declined to 8.1% of Full-Year Estimate in First Quarter
The data released by the Ministry of Finance yesterday showed that the centre’s fiscal deficit declined to 8.1 per cent of the full-year estimate in t...
GST collection surges by 10.3 per cent to over Rs 1.82 lakh crore in July
The Goods and Services Tax – GST revenue has increased by 10.3 per cent to over 1 lakh 82 thousand crore rupees last month, the third-highest collecti...
FM Nirmala Sitharaman asserts Union Budget strikes fine balance between growth & financial consolidation
Finance Minister Nirmala Sitharaman has said that the Union Budget strikes a fine balance among priorities like growth, employment, welfare, capital i...
Core Industries Record 4% Growth in June
The eight core industries include sectors such as coal, cement, steel, and electricity posted a four per cent growth in June this year compared to the...
US Federal Reserve keeps interest rates unchanged at 5.25% to 5.5%
The US Federal Reserve has left interest rates unchanged at 5.25 per cent to 5.5 per cent, as inflation continues to cool, hinting that a rate cut mig...
Maharashtra govt signs MoU with Toyota for electric car plant in Sambhaji Nagar
Toyota Kirloskar has signed a Memorandum of Understanding (MoU) with the Maharashtra government to invest ₹20,000 crore in a greenfield project in Chh...
27 States Benefit from Production-Linked Incentive Scheme under Atmanirbhar Bharat Initiative: Government
The Government yesterday said that 27 states in the country have taken the benefit of the production-linked incentive (PLI) scheme under the Atmanibha...
Total 579 routes connecting 85 airports operationalised in country under UDAN Scheme: MoS for Civil Aviation
A total of 579 routes connecting 85 airports including 13 heliports and 2 water aerodromes have been operationalised in the country under the UDAN Sch...
MoD, NSE sign MoU to facilitate capital market access to MSMEs
Ministry of Defence and National Stock Exchange of India Limited yesterday signed a Memorandum of Understanding (MoU) to facilitate capital market acc...
India’s coal production surges by 11.65% in FY2023-24
In 2023-24, India’s coal production surged by 11.65 percent, underscoring the government’s dedication to achieving self-reliance. The Ministry of Coal...
Digitalisation can create a more complex and interconnected financial system with implications for financial stability: RBI
The Reserve Bank of India has said yesterday that digitalisation can create a more complex and interconnected financial system with implications for f...
Over 5 Crore Income Tax Returns Filed Till July 26
The Income Tax Department has said that over 5 crore Income Tax Returns (ITRs) have been filed for the current assessment year, representing an 8 perc...
India’s Steel Production To Surpass 300 Million Tonnes By 2030
Steel production in India, driven by robust demand for government infrastructure projects, is projected to surpass 300 million tonnes (MT) by 2030, St...
Finance Minister Slams Karnataka Govt For Rising Inflation & Borrowings
Union Finance Minister Nirmala Sitharaman has strongly hit out at the opposition and the Karnataka State Government for spreading falsehood on tax dev...
RBI Issues Prompt Corrective Action Framework For UCBs
The Reserve Bank of India (RBI) has issued a prompt corrective action (PCA) framework for primary (urban) co-operative banks to give more focus on lar...
India’s Forex Reserves Surge By 4 Billion Dollars To Hit Fresh Record High Of 670.86 Billion Dollars
India’s foreign exchange (Forex) reserves rose to all-time high of 670.86 billion dollars for the third consecutive week as of 19th of July. According...
RBI Tightens KYC for Domestic Money Transfers
Mumbai: The Reserve Bank of India (RBI) on Wednesday tightened the know your customer (KYC) record requirements for domestic money transfer services. ...
SEBI Study: Over 70% Of Intra-Day Equity Traders Face Losses In 2022-23 Fiscal
A study conducted by SEBI has found that more than 70 per cent of individual intra-day traders in the equity cash segment have incurred losses in the ...
ESIC adds 23.05 lakh new members in May
New Delhi: Employees' State Insurance Corporation (ESIC) added 23.05 lakh new workers under the ESI scheme run by it in May 2024, the labour ministry ...
Rupee moves in narrow range against US dollar in early trade
Mumbai: The rupee was trading in a narrow range and fell 1 paisa to 83.70 against the US dollar in early trade on Wednesday, weighed down by a weak ri...
Railways Minister Ashwini Vaishnaw Terms Allocation In Union Budget 2024-25 For Railways As Historic
Union Minister for Railways Ashwini Vaishnaw has termed the allocation in the Union Budget for Railways as historic. Addressing media in New Delhi, Mr...
Standard Deduction For Salaried Employees Increased To Rs 75,000 Under New Tax Regime
Finance Minister has increased the standard deduction for salaried employees in Income Tax from 50,000 rupees to 75,000 rupees under the new tax regim...
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