LiveIKEA India FY20 Results: Net Loss Widens to Rs 720 Cr, Sales up 65%
Furniture retailer IKEA India saw its net loss widen to Rs 720 crore in the financial year ended March 2020. The company had registered a...
Category : ECONOMY
Forex Reserves up by $2.56 Bn to Record $581.131 Bn
At a time when the economy is under stress due to the coronavirus pandemic, India’s foreign exchange (forex) reserves have been rising at a very...
RBI identifies Cross Border Payments of ‘Sandbox’ Innovation
The Reserve Bank of India has identified cross-border payments as the second cohort of its regulatory sandbox (RS) program in a bid to make international remittance...
FM Sitharaman Holds Pre-Budget Consultations With Top Industrialists
Finance Minister Nirmala Sitharaman will start the pre-budget consultations with different stakeholder groups from Monday, December 14. The consultations will be held for the forthcoming General...
Govt to Impose New Tariffs on Import of Solar Cells and Modules
India plans to impose new tariffs on imports of solar cells and modules from 1 April 2022, power and renewable energy minister Raj Kumar Singh...
Foundation for 7.5-8% GDP Growth in Future has Been Laid: Niti Aayog’s Rajiv Kumar
The foundation has been laid for a GDP growth rate of 7.5-8 pr cent beyond 2021-22, says Niti Aayog vice-chairman Dr Rajiv Kumar, media reported. Kumar...
IT Refunds Worth Rs 1.45 Lakh Crore Issued to 89 Lakh Taxpayers
The Finance Ministry on Friday said the Income Tax Department has issued refunds worth Rs 1.45 lakh crore to about 89 lakh taxpayers so far this...
RTGS Transactions to be Available 24×7 from December 14
The Reserve Bank of India (RBI) has announced that RTGS or the Real Time Gross Settlement system will be available round the clock on all days...
RBI Projects 6.8% Retail Inflation for Dec Quarter
The Reserve Bank of India on Friday said that the retail inflation is likely to remain elevated and pegged at 6.8 per cent for the third quarter...
RBI Kept Repo Rate Unchanged At 4%, GDP Forecast Upgraded
The Monetary Policy Committee (MPC) of the Reserve Bank kept the repo rate unchanged at 4% and maintained an ‘accommodative’ stance, implying more rate cuts in the...