RBI directs NBFCs to return full cash deposit within first 3 months in case of emergency
The Reserve Bank has directed non-banking financial companies – NBFCs to return 100 percent of deposit amount within the first three months, if the de...
SEBI refutes Hindenburg Research’s allegations
The Securities and Exchange Board of India (SEBI) has refuted the allegations made by Hindenburg Research and emphasized that it has adequate internal...
SEBI advises investors to remain calm and exercise due diligence before reacting to such reports like Hindenburg
Securities and Exchange Board of India (SEBI) has advised investors to remain calm and exercise due diligence before reacting to inaccurate reports li...
AMFI Condemns Hindenburg Report, Defends SEBI Chairperson Madhabi Puri
Association of Mutual Funds in India (AMFI) has condemned the latest Hindenburg report against SEBI Chairperson Madhabi Puri Buch and her husband Dhav...
Air India suspends Tel Aviv-bound flights amid current situation in West Asia
Air India has suspended flight operations to and from Tel Aviv, Israel, with immediate effect until further notice in view of the current situation in...
Banking Laws (Amendment) Bill introduced in LS
New Delhi: Finance Minister Nirmala Sitharaman on Friday introduced in the Lok Sabha the Banking Laws (Amendment) Bill, 2024, which seeks to give cust...
RBI Introduces Delegated Payment Through UPI, Cheque Clearing Time Reduced
Mumbai: The Reserve Bank of India (RBI) on Thursday proposed to introduce Delegated Payments’ in UPI. Delegated Payments would allow an individual (pr...
Parliament passes Finance, Appropriation and J&K Bills
Parliament has passed the Finance (No.2) Bill, 2024, The Appropriation (No.2) Bill, 2024 and The Jammu and Kashmir Appropriation (No.3) Bi...
Capital Expenditure has consistently risen since pandemic: FM Sitharaman
Union Finance Minister Nirmala Sitharaman has said the government is continuously emphasising and spending higher and higher amounts in capital expend...
NSE’s Registered Investor Base Surpasses 10 Crore Milestone for the First Time
The National Stock Exchange (NSE) has achieved a significant milestone, with its unique registered investor base surpassing the 10-crore mark for the ...
RBI retains repo rate at 6.5 pc for ninth time in a row
Mumbai: The Reserve Bank of India (RBI) on Thursday decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remai...
About 95.3% of cane dues in current sugar season of sugarcane farmers cleared till last month: Government
The Government yesterday claimed that about 95.3 per cent of cane dues in the current sugar season 2023-24 of sugarcane farmers have been cleared till...
Modi government aims to simplify tax laws and boost growth, employment: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman yesterday emphasized that the Modi government’s approach to taxation has been to bring in greater simplification o...
Government appointed C S Setty as Chairman of SBI
The government has appointed C S Setty as Chairman of State Bank of India (SBI) for a period of three years. Mr Setty, currently senior most MD of the...
Minimum balance is not required for PMJDY accounts and basic savings bank deposit accounts: Nirmala Sitharaman in RS
Union Finance Minister Nirmala Sitharaman has clarified that a minimum balance is not required for PM Jandhan accounts and basic savings bank deposit ...
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...
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