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...
FICCI President Anish Shah Lauds Budget 2024-25
Industries have welcomed the Union Budget 2024-2025. Speaking to the media in New Delhi, FICCI President Anish Shah lauded the budget. He said the bud...
Union Budget Cuts Custom Duties On Mobile Phones, Gold, Silver, And Platinum To Become Cheaper
The Union Budget has reduced basic customs duty on mobile phones, Printed Circuit Board Assembly (PCBA) and mobile chargers to 15 per cent.Precious me...
BSE MD & CEO Sundararaman Ramamurthy Terms Union Budget 2024-25 As Forward-Looking, Equitable And Middle-Class Oriented
The Bombay Stock Exchange’s MD & CEO, Sundararaman Ramamurthy has termed the Union Budget 2024-25 as forward-looking, equitable and middle-class o...
Govt will strive to further simplify, rationalise GST tax structure: FM
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said the government will strive to further simplify, and rationalise GST (Goods and Services...
Rs 1.48 lakh cr allocated for for education, employment, skill in Union Budget
New Delhi: The Union Budget for 2024-25 will provide Rs 1.48 lakh crore for education, employment and skilling in the country.Presenting the Budget in...
Markets jump in early deals ahead of Budget
Mumbai: Stock markets climbed in early trade on Tuesday, with the Sensex climbing over 264 points, ahead of the Union Budget presentation later in the...
One month wage for first-time employees: FM Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday announced that the Central government will give one month’s salary to the new employee...
GDP Growth Projected At 6.5-7 % In Economic Survey
Economic Survey 2023-24 has projected a real Gross Domestic Product (GDP) growth of 6.5 to 7 per cent in Financial Year 2024-25. On the first day of t...
RBI Deputy Governor M Rajeshwar Rao Addresses The BFSI Summit In Mumbai
RBI Deputy Governor M Rajeshwar Rao emphasized the importance of banks taking customer complaints seriously and using them as feedback to enhance thei...
Ball Beverage to Set Up Rs 700 cr Unit in Telangana: Sridhar Babu
Ball beverage and packaging, a unit of Ball Corporation, the global leader in making slender cans for beverage companies has come forward to set up th...
EPFO Adds 19.50 Lakh Net Members In May This Year
Employees’ Provident Fund Organisation (EPFO) has added 19.50 lakh net members in May this year. The addition during the month is the highest since th...
FPIs Infuse Rs 44,344 Crore In Stock Markets This Month So Far
Foreign portfolio investors (FPI) continued the investment momentum in the stock markets in India, infusing around 44,344 crore rupees in equity and d...
India Posts Advises People To Plan Their Rakhi Shipments By July 31st For Timely Delivery
India Posts has advised people to plan their Rakhi shipments by the 31st of this month in order to ensure the timely receipt of Rakhis to their your l...
Indian Financial And Payments Systems Remain Largely Unaffected From Microsoft Services Outage
The Indian financial and payments systems remained largely unaffected by the Microsoft services outage. In a statement, the Reserve Bank of India said...
RBI Governor Shaktikanta Das Urges Banks To Strengthen Monitoring Systems To Combat Fraud And Mule Accounts
The Reserve Bank of India (RBI) Governor Shaktikanta Das has asked the banks to be watchful of the lag between credit and deposit growth and advised t...
Kharif Crop Sowing Crosses 704 Lakh Hectare
Kharif crops have been sown in over 704 lakh hectare till date as against 680 lakh hectare last year. Crop sowing data released by the Agriculture Min...
India And Malaysia To Increase Cooperation In Field Of Oil Palm, Other Sectors
India and Malaysia have decided to increase cooperation between the two countries in the field of palm Oil and other sectors. Union Agriculture Minist...
Two Of The World’s Five Largest Coal Mines Are Now In India: Coal Ministry
The Coal Ministry has said that two of the world’s five largest Coal Mines are now in India. These mines, operated by Chhattisgarh-based Coal India su...
Consumption Of Natural Gas Rose By 7 Per Cent In June
Consumption of natural gas rose by 7 per cent in June as more Indians switched to green fuel. The consumption of natural gas in India went up in June ...
Second Quarter Of Current FY Commences With Signs Of Accelerating Momentum In Indian Economy: RBI
The Reserve Bank of India has indicated that the second quarter of the current financial year has commenced with signs of accelerating momentum in the...
Sanofi announces to invest Rs 3,600 crore in Hyderabad
Paris-based pharmaceutical and healthcare major Sanofi on Wednesday announced plans to invest €400 million (about `3,600 crore) in its Hyderabad globa...
IMF Raises India’s GDP Forecast To 7% For Current Financial Year
The International Monetary Fund (IMF) upgraded India’s economic growth forecast by 20 basis points (bps) to 7 per cent year-on-year basis for the curr...
India’s Goods And Services Exports Increased By 5.4 % In June To 65.47 Billion Dollars
India’s goods and services exports increased by 5.4 per cent in June to 65.47 billion dollars. The cumulative overall growth of exports during the Apr...
India’s Kharif Crop Sowing Crosses 575 Lakh Hectares
India’s Kharif crop sowing has crossed Five Hundred 75 lakh hectares as of today. Ministry of Agriculture and Farmers Welfare in its data said that ov...
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