India's forex reserves rise USD 5.57 bn to USD 629.55 bn
Posted Date : 31-Jan-2025 , 07:12:36 pm | Posted By CASANSAAR
MUMBAI: India's forex reserves increased USD 5.574 billion to USD 629.557 billion in the week ended January 24, the Reserve Bank said on Friday.
In the previous reporting week, the overall kitty had dropped USD 1.888 billion to USD 623.983 billion.
The reserves have been on...
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Rupee sees high volatility against US dollar
Posted Date : 22-Jan-2025 , 06:39:09 pm | Posted By CASANSAAR
At the interbank foreign exchange, the rupee opened at 86.56, and fell to a low of 86.71 against the greenback in a highly volatile morning session on January 22, 2025.
The rupee witnessed high volatility in morning trade on Wednesday (January 22, 2025), as the support from positive domestic equi...
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Rupee gains 3 paise to 86.58 against US dollar in early trade
Posted Date : 17-Jan-2025 , 07:17:09 pm | Posted By CASANSAAR
Rupee gains 3 paise to 86.58 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 86.60 and touched a high of 86.55 before trading at 86.58 against the greenback in initial deals.
The rupee rose 3 paise to 86.58 against the US dollar in early trade on Friday ...
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Rupee recovers from record low to settle 8 paise higher at 86.62 against US dollar
Posted Date : 14-Jan-2025 , 06:52:51 pm | Posted By CASANSAAR
Rupee recovers from record low to settle 8 paise higher at 86.62 against US dollar
MUMBAI: The rupee rebounded from its lowest-ever level and settled 8 paise higher at 86.62 (provisional) against the US dollar on Tuesday as the American currency retreated from record high.
Some recovery in dom...
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Rupee Plunges 13 paise to settle at new record low of 85.87 against US Dollar
Posted Date : 08-Jan-2025 , 05:12:39 pm | Posted By CASANSAAR
Rupee Plunges 13 paise to settle at new record low of 85.87 against US Dollar
MUMBAI: The rupee extended its slide for the second straight session and declined 13 paise to hit a fresh record low of 85.87 (provisional) against the US dollar on Wednesday amid higher crude oil prices and stronger Am...
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Finmin to hold meeting with MFI players on Wed
Posted Date : 07-Jan-2025 , 07:22:45 pm | Posted By CASANSAAR
Finmin to hold meeting with MFI players on Wed
NEW DELHI: Finance Ministry will hold a meeting with microfinance institutions (MFIs) on Wednesday amid rising bad loans and delinquencies across all types of lenders in the sector.
According to sources, the Department of Financial Services Secret...
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India economy to grow 6.4 pc in 2024-25, slowest in 4 years
Posted Date : 07-Jan-2025 , 07:03:34 pm | Posted By CASANSAAR
India economy to grow 6.4 pc in 2024-25, slowest in 4 years: Govt data
NEW DELHI: India's economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data released ...
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India's forex reserves fall to $640.27 bn, down by $4.1 bn as of Dec 27
Posted Date : 03-Jan-2025 , 07:48:01 pm | Posted By CASANSAAR
India's forex reserves fall to $640.27 bn, down by $4.1 bn as of Dec 27
India's foreign exchange reserves dipped by $4.1 billion to $640.28 billion as of December 27, 2024. The significant drop was largely due to a $4.6 billion reduction in Foreign Currency Assets. Despite this, gold rese...
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UPI transactions surge to record 16.73 bn in Dec
Posted Date : 03-Jan-2025 , 07:41:25 pm | Posted By CASANSAAR
UPI transactions surge to record 16.73 bn in Dec:NPCI
National Payments Corporation of India (NPCI) has said that Unified Payments Interface (UPI) has processed nearly 16.73 billion financial transactions in a single month in December last year. UPI processed around 23.25 lakh crore rupees ...
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India's CAD projected at 1 pc of GDP for FY 2025
Posted Date : 31-Dec-2024 , 05:32:05 pm | Posted By CASANSAAR
India's CAD projected at 1 pc of GDP for FY 2025
India's current account deficit is projected to stay around 1% of GDP in fiscal 2025, supported by strong financial inflows and a steady services trade surplus. Despite pressures from rising merchandise trade deficits, healthy remittances a...
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India's BoP strengthened by robust inflows from NRI deposits, external commercial borrowing in last quarter
Posted Date : 30-Dec-2024 , 07:03:33 pm | Posted By CASANSAAR
India's BoP strengthened by robust inflows from NRI deposits, external commercial borrowing in last quarter
India's Balance of Payments improved significantly in Q2 FY25. Strong inflows from Foreign Portfolio Investments, External Commercial Borrowings, and Non-Resident Indi...
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India's Economic Growth Slumps To 5.4%: What It Means for Future Policy Changes
Posted Date : 30-Dec-2024 , 06:49:55 pm | Posted By CASANSAAR
India's Economic Growth Slumps To 5.4%: What It Means for Future Policy Changes
Growth slumped to 5.4% in the July-Sept quarter, leading RBI to revise its growth forecast for 2024-25 to 6.6%. There are calls for a rate cut to boost demand and growth. While rural demand remains strong, u...
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India
Posted Date : 30-Dec-2024 , 06:35:29 pm | Posted By CASANSAAR
India’s Foreign Exchange Reserves cross 700 billion US dollars to place country at 4th position globally
India has crossed an extraordinary milestone as its foreign exchange reserves have surged past 700 billion US dollars, placing the nation in the 4th position globally. Over the las...
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Expect Economy to Grow at Around 6.5 Per Cent in FY25
Posted Date : 27-Dec-2024 , 04:22:39 pm | Posted By CASANSAAR
Expect Economy to grow at around 6.5 per cent in FY25; outlook appears bright: FinMin review
India's Finance Ministry is optimistic about the country's economic growth, projecting a 6.5 percent growth in FY25. Rural demand continues to be strong, with significant increases in vehicl...
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Rupee falls 9 paise to hit all-time low of 85.24 against US dollar in early trade
Posted Date : 26-Dec-2024 , 03:55:54 pm | Posted By CASANSAAR
Rupee falls 9 paise to hit all-time low of 85.24 against US dollar in early trade
NEW DELHI: The Indian rupee slid to a record low of 85.24 against the US dollar in early trade on Thursday, weighed down by rising US Treasury yields and a decline in most Asian currencies. The rupee...
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Senior IAS officer Arunish Chawla is Appointed Revenue Secretary
Posted Date : 26-Dec-2024 , 03:50:41 pm | Posted By CASANSAAR
Senior IAS officer Arunish Chawla is Appointed Revenue Secretary
Senior IAS officer Arunish Chawla, of the Bihar cadre's 1992 batch, is appointed revenue secretary, filling the vacancy created by Sanjay Malhotra's new role as RBI governor. Several other bureaucratic appointments were made...
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Finance ministry following a calibrated disinvestment strategy
Posted Date : 16-Dec-2024 , 02:45:04 pm | Posted By CASANSAAR
Finance ministry following a calibrated disinvestment strategy
India's finance ministry is strategically divesting stakes in public sector enterprises. This has boosted market capitalization by 3.6 times in three years. Dividend payouts reached a record Rs 63,749 crore. The government collect...
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Indian listed companies saw a 6% revenue growth in FY24
Posted Date : 16-Dec-2024 , 02:08:16 am | Posted By CASANSAAR
Indian companies' revenue surge in FY24 however wage growth of employees moderate: SBI Report
New Delhi: Around 4,000 listed companies in India reported a 6 per cent growth in revenue or gross sales during the financial year 2024, according to a report by the State Bank of India (SBI).
Whi...
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3rd India-UK Financial Markets Dialogue: Joint Statement
Posted Date : 14-Dec-2024 , 05:30:48 am | Posted By CASANSAAR
3rd India-UK Financial Markets Dialogue: Joint Statement
The third meeting of India-UK Financial Markets Dialogue was hosted by Department of Economic Affairs, Ministry of Finance in GIFT City, Gujarat on 12th December 2024
Participants from India and UK touched upon reforms in respective ...
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Rupee depreciated by 4 paise to settle at 84.73 against US dollar
Posted Date : 09-Dec-2024 , 07:56:53 am | Posted By CASANSAAR
Rupee depreciated by 4 paise to settle at ?84.73 against US dollar
In the Forex market, the rupee today depreciated by four paise to settle at 84 rupees and 73 paise against the US dollar. The dollar index, which indicates US dollar’s strength against a basket of six other leading currenc...
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Cabinet approves Terms of Reference for the Sixteenth Finance Commission
Posted Date : 30-Nov-2023 , 07:39:23 am | Posted By CASANSAAR
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the Terms of Reference for the Sixteenth Finance Commission.
The Terms of Reference for the Sixteenth Finance Commission will be notified in due course of time. The 16th Finance Commission’s recommendations, ...
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Finance Act, 2023
Posted Date : 01-Apr-2023 , 07:59:01 am | Posted By CASANSAAR
Finance Act, 2023 received the assent of the President on the 31st March, 2023.
Finance Bill, 2023 receives President's assent on Mar 31, 2023 and now its Finance Act, 2023.
The Finance Act, 2023 has been enacted vide Gazette Notification dated today, March-31-2023.
After obtainin...
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FinMin asks banks to explore fintech partnership, co-lending opportunities
Posted Date : 27-Jun-2022 , 08:33:00 am | Posted By CASANSAAR
The Finance Ministry has asked public sector banks to explore fintech partnerships and co-lending opportunities to expand their business.
In the recently concluded performance review of PSBs by the Finance Ministry, sources said, lenders were asked to foc...
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ED attaches assets worth Rs 2.14 Cr of entry operators in PMLA Case
Posted Date : 10-Jun-2022 , 10:56:17 am | Posted By CASANSAAR
The Enforcement Directorate (ED) on Thursday said it has provisionally attached various immovable and movable properties worth Rs 2.14 crore of entry operators working for Shakti Bhog Foods Limited and their Chartered Accountants, in connection with a money laundering case pert...
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GST Council's Recommendation Not Binding On Union, States - Supreme Court
Posted Date : 20-May-2022 , 08:26:16 am | Posted By CASANSAAR
In a significant verdict, the Supreme Court Thursday ruled that the recommendations of Goods and Services Tax (GST) Council are not binding on the Union and the states and only have a persuasive value.
The Supreme Court said that Parliament and state legi...
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FM raps CBDT and CBIC for not addressing tax assessees grievances
Posted Date : 08-Mar-2022 , 09:16:12 am | Posted By CASANSAAR
Union Finance Minister Nirmala Sitharaman on Monday came down heavily on the tax boards for allegedly not responding to grievances of the tax assessees and directed their officials to reserve Saturdays to hold meetings with them.
During the Budget Outreach Programme between Finance Ministry off...
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Sovereign Gold Bond Scheme 2021-22– Issue price Series-X
Posted Date : 26-Feb-2022 , 09:43:04 am | Posted By CASANSAAR
In terms of Government of India Notification No.4(5)-B(W&M)/2021 dated October 21, 2021, Sovereign Gold Bonds 2021-22 (Series X) will be opened for subscription during the period February 28- March 04, 2022 with Settlement date March 08, 2022. The issue price of the Bond during the subscription ...
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FM announces Rs 6 lakh Cr asset monetisation pipeline
Posted Date : 24-Aug-2021 , 08:42:32 am | Posted By CASANSAAR
Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways.
She also said the asset monetisation does not involve selling of land and ...
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Cabinet approves continuation of Fast Track Special Courts
Posted Date : 05-Aug-2021 , 08:23:36 am | Posted By CASANSAAR
The Cabinet on Wednesday approved continuation of Centrally Sponsored Scheme for Fast Track Special Courts for further two years till 31st March 2023. Briefing media Information and Broadcasting Minister Anurag Singh Thakur said, 1,023 Fast Track Special Courts have been given get two-year extension...
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Centre announces stimulus package worth over Rs 6,28,993 Cr to boost economy
Posted Date : 29-Jun-2021 , 08:29:02 am | Posted By CASANSAAR
The Union Government has announced stimulus package of six lakh 28 thousand 993 crore rupees to boost economy during the fight against COVID-19 pandemic. Finance Minister Nirmala Sitharaman announced several economic relief measures amid COVID pandemic including eight economic relief measures, of wh...
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