Mumbai: Reserve Bank Governor Shaktikanta Das on Thursday said there are no systemic worries and the action on Paytm was driven by a “lack of compliance” at Paytm. Deputy Governor Swaminathan J said the actions against the fintech have been taken due to “persisted non-compliance”. The Governor declined to specify the specific shortcomings resulting in…
Mumbai: The Reserve Bank of India on Thursday decided to keep policy rate unchanged for the sixth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April last year after six consecutive rate hikes aggregating to 250 basis points since May 2022. Announcing the bi-monthly…
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said the inflation has come down within the tolerance band as a result of the steps taken by the government to check price rise, especially in perishable commodities. Replying to a question in the Rajya Sabha, Sitharaman said Bhabha Atomic Research Centre (BARC) is working with the…
Betul: India is likely to sign on Tuesday a multi-billion dollar deal to extend LNG imports from Qatar till 2048 at rates that are lower than current prices, sources said. Petronet LNG Ltd will sign the deal with QatarEnergy to extend import of 7.5 million tonne a year on sidelines of India Energy Week here….
New Delhi: The Modi government wants friendly relations with all countries but it will not compromise with India’s border security and the people’s safety, Union Home Minister Amit Shah said on Monday. Shah also said that the government has successfully tackled the three internal security hotspots — ‘Jammu and Kashmir, the Northeast and the Left…
Panaji: “Future-perfect, the Ready-to-Drink (RTD) Cocktails would grow from a relatively unknown category to one of the best-selling sub-categories in India,” says Dr. Mohan Krishna founder of Cheers group, and he adds “there would be a ‘significant shift’ to RTD from the beer category and as well from the overall spirit connoisseurs on the plank…
Hyderabad: Former Vice President M Venkaiah Naidu, Union Minister G Kishan Reddy, TDP Chief N Chandrababu Naidu and several other leaders on Saturday hailed the Centre’s decision to confer Bharat Ratna award on veteran BJP leader L K Advani. Venkaiah Naidu said on ‘X’ that he is pleased beyond words to learn that the highest…
Kolkata: The Trinamool Congress on Thursday dubbed the interim budget as an “election gimmick” ahead of the Lok Sabha polls and urged the BJP to “stop political theatrics and prioritise human welfare”. Senior TMC leader and minister in the West Bengal government, Chandrima Bhattacharya, expressed the party’s discontent, highlighting “alarming statistics” on farmer suicides. “Data…
New Delhi: Wooing the middle class ahead of the general elections, Finance Minister Nirmala Sitharaman on Thursday announced a scheme to help those living in rented accommodations or slums to acquire a house. Parallely, she also announced building 2 crore more houses for the rural poor in the next five years under the continuing PM…
New Delhi: The government will formulate a strategy to make India self-reliant in edible oils by boosting domestic output of oilseeds and launch a comprehensive programme to support dairy farmers, Finance Minister Nirmala Sitharaman announced on Thursday. India imports a large quantity of edible oils to meet the domestic demand. During the 2022-23 marketing year…
