LiveRBI Introduces Single Block and Multiple Debit Features in UPI
On Wednesday, the Reserve Bank of India (RBI) announced the introduction of single-block and multi-block debit functionality in the Unified Payments Interface (UPI). Customers can...
Category : ECONOMY
RBI Shortlists Five Banks for Its Digital Currency Pilot Project
The Reserve Bank of India has partnered with at least five banks to launch a pilot project for its digital currency, the digital rupee, for...
Moody’s Cuts India’s Economic Growth Forecasts to 7% for 2022
Moody’s on Friday cut India’s GDP growth forecast for 2022 to 7% from an earlier 7.7%, as a slowing global economy and rising domestic interest...
Finance Ministry Finalises Framework for Sovereign Green Bonds
According to people familiar with the matter, Finance Ministry has finalised the framework for issuing sovereign green bonds that meet global standards. The government intends...
FY23 GDP Growth to Not Exceed 7%, Says CEA Nageswaran
On Monday, India’s gross domestic product growth for the current fiscal year (FY23) expects to be between 6.5% and 7%, Chief Economic Advisor V Anantha...
India on Capital Infusion, Merges Loss-Making Lender IFCI
India is bearing in mind impelling about Rs 20 billion into state-run IFCI Limited, merging it with its other unit, Stock Holding Corporation of India,...
Centre Tears Windfall Tax on Domestic Crude Oil, ATF Export Rise
The Centre has augmented the special supplementary excise duty, commonly known as a windfall tax on the export of Aviation Turbine Fuel (ATF) and diesel....
RBI to Launch First Pilot Project for Digital Rupee Today
The Reserve Bank of India (RBI) is set to launch the first pilot project of a central bank digital currency (CBDC) or e-rupee on Tuesday,...
India’s Gross GST Revenue At Rs 1,51,718 Crore
The gross GST revenue collected in October 2022 is Rs 1,51,718 crore of which CGST is Rs 26,039 crore, SGST, is Rs 33,396 crore, IGST...
Canada’s Economy Reports Surprise 0.1% Gain in August
On Friday, Statistics Canada said that the Canadian economy grew by 0.1 per cent in August, buoyed by strong agricultural and retail activity. It further...