LiveIT 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...
Category : ECONOMY
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...
Singapore, US Biggest FDI Source for India During April-September 2020
According to the commerce and industry ministry, US emerged as the second biggest source of foreign direct investment (FDI) into India, replacing the Mauritius, during the first half of...
Strategist Predicts Bitcoin to Reach $300,000 by Year-End
The world’s largest digital currency is in the midst of an exuberant rally that this week saw it cross above $18,800 for the first time...
Only Standard Loan Accounts as of 1 Mar to Recast Under Pandemic Scheme: RBI
The Reserve Bank of India has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under...
Monetary Policy Panel Votes Unanimously To Hold Key Rates
Governor of Reserve Bank of India Shaktikanta Das-led Monetary Policy Committee decided to hold key policy rates unchanged at existing levels on Friday amid high...
RBI Enhanced Borrowing Limit Under MSF Extended to 31 March
To accommodate the requirement owing to the liquidity shortage latest by March 31, 2021, the Reserve Bank of India (RBI) has further increased the limit of enhanced...
RBI Has 300 Billion Rupees Auction Test After Rejecting Bids
The Reserve Bank of India (RBI) will again have a tough choice at Friday’s bond sale: Whether to ask underwriters to rescue the sale or allow higher...