New Delhi: India has doubled its share of global commercial services exports to 4.4 per cent in 2022 from 2 per cent in 2005, according to a World Bank and World Trade Organization (WTO) report. “China and India doubled their share of global commercial services exports from 2005 to 2022, from 3.0 per cent to 5.4 per cent, and from…
Mumbai: As much as 76 per cent of the Rs 2,000 notes in circulation have been returned to banks, mostly through deposits, the Reserve Bank of India said on Monday. On May 19, RBI announced withdrawal of Rs 2,000 notes in circulation and gave public time till September 30 to either deposit the currency notes in…
New Delhi: BJP president J P Nadda has appointed Union minister Mansukh Mandaviya and party general secretary Vinod Tawde as central observers for the election of the leader of opposition in the Karnataka assembly. BJP chief spokesperson and Rajya Sabha MP Anil Baluni said the two central leaders will be visiting the state in a couple…
Mumbai: The share of residential housing loans in total advances has increased over the last eleven years to 14.2 per cent in March 2023 from 8.6 per cent in March 2012, as per the Reserve Bank’s latest Financial Stability Report (FSR). It also said the housing sector is witnessing a healthy growth with sales growing by…
With the final warning from the Supreme Court on January 2022, the Narendra Modi government at the Centre appears to be determined to bring in the Uniform Civil Code (UCC) Bill in the monsoon session, starting July 20. Although the final draft is yet to be made public, campaigning has begun in support and against…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said Goods and Services Tax (GST) has increased revenue buoyancy of states, and the all-round benefit stands out as “exemplary”. The multiplicity of taxes in the pre-GST regime resulted in a “tax-on-tax” effect, causing the same product to be taxed multiple times and hence becoming costlier for…
New Delhi: Prime Minister Narendra Modi has described the annual Amarnath Yatra, which began on Saturday, as a divine and magnificent manifestation our heritage. In a tweet, he wished new enthusiasm and energy to devotees from divine blessings and that the country country move ahead quickly in ‘amrit kaal’ to realise its resolve. The first batch…
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said the public sector banks’ profit in the last nine years has tripled to Rs 1.04 lakh crore due to initiatives taken by the government and underlined the need for continuing the momentum to fuel economy. The net profit of public sector banks (PSBs) has almost tripled…
New Delhi: The Congress on Friday said SEBI’s decision to mandate enhanced disclosure requirements for some foreign portfolio investors points to a “clear admission of guilt” by the market regulator in the wake of Supreme Court’s expert committee recommendations. Congress general secretary Jairam Ramesh asserted, in a statement, that SEBI’s investigation has limited scope and only…
Islamabad: In a major relief to cash-strapped Pakistan, the government and the IMF have reached a long-awaited staff-level agreement on a USD 3 billion “stand-by arrangement” to support the authorities’ immediate efforts to stabilise the economy from external shocks. Pakistan’s economy has been in a free fall mode for the last many years, bringing untold pressure…
