Mumbai: India’s foreign exchange reserves jumped USD 1.229 billion to USD 596.28 billion in the week ended July 7, the Reserve Bank of India said on Friday. In the previous reporting week, the overall forex reserves increased USD 1.85 billion to USD 595.05 billion. In October 2021, the country’s forex kitty had reached an all-time…
New Delhi: The deflation in the wholesale price continued for the third month in a row in June, with WPI contracting to a nearly eight-year low at (-) 4.12 per cent on account falling prices of food products, fuel and basic metals, according to official data released on Friday. The Wholesale Price Index (WPI) based…
New Delhi: Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of food, according to the government data. Inflation based on the Consumer Price Index (CPI) stood at 4.31 per per (revised upward from 4.25 per cent) in May and 7 per cent in June 2022….
New Delhi: India’s industrial production rose 5.2 per cent in May, according to the official data released on Wednesday. Factory output measured in terms of the Index of Industrial Production (IIP) grew 19.7 per cent in May 2022. The data released by the National Statistical Office (NSO) showed that the manufacturing sector’s output increased by 5.7…
New Delhi: In a first, the Centre will start selling tomatoes at discounted rates in retail markets in the national capital and few other cities from Friday to provide relief to the consumers as the price of the kitchen staple is ruling high at over Rs 200 per kilogram in some parts of the country….
New Delhi: The GST Council on Tuesday decided to levy the maximum 28 per cent tax on the full face value of bets in online gaming, casinos and horse racing, lowered tax on food and beverages sold in multiplexes, and tweaked the definition of utility vehicles for the levy. The panel also exempted GST (Goods…
Mumbai: Equity benchmark indices Sensex and Nifty rallied on Tuesday tracking a positive trend in the global markets and unabated foreign fund inflows. Buying in index major Reliance Industries, Infosys and ITC also helped markets extend their previous day’s gain. The 30-share BSE Sensex advanced 273.67 points or 0.42 per cent to settle at 65,617.84….
New Delhi: Net direct tax kitty swelled 16 per cent to Rs 4.75 lakh crore so far this fiscal, a reflection of economic activity gaining traction. The Income Tax department in a statement said the collection has touched 26.05 per cent of the total budget estimates of direct taxes for full 2023-24 fiscal of Rs…
New Delhi: Indian captain Sunil Chhetri on Sunday backed head coach Igor Stimac’s demand for a four-week camp before the Asian Cup early next year, saying the team needs to have enough preparation time to face the best sides in the continent. The 38-year-old Chhetri, who will be playing his last Asian Cup in Doha…
New Delhi: Finance Minister Nirmala Sitharaman has asked public sector banks (PSBs) to take swift action in cases concerning fraud and wilful defaults to reduce bad loans and take steps to accelerate growth momentum, sources said. Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till the…
