LiveNet Flows in Debt MF Rebound in May by Rs 50,793 Cr
The net monthly flows in debt mutual funds rose from Rs 43,431 crore in April 2020 to Rs 94,224 crore in May 2020, according to...
Category : ECONOMY
Karnataka Bank Fined Rs 1.2 Cr by Reserve Bank of India
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning...
Rupee Moves Sharply Higher Against US Dollar Today
Indian rupee has edged higher against the US dollar amid broad weakness in the US currency and higher domestic markets. The rupee today opened at 75.69 per...
Govt Refunds Rs 26,000 Crore to 1.6 Million Taxpayers
The Central Board of Direct Taxes (CBDT) said that it has issued tax refund of Rs 26,242 crore to over 1.6 million assessees since the start of...
RBI Hikes Group Expousre Limit of Banks to 30%
On Friday, Reserve Bank of India (RBI) has raised the group exposure limit of banks to 30 per cent from 25 per cent for a temporary period till...
Coronavirus Pandemic to Push 60 Mn to ‘Extreme Poverty’: World Bank
The head of the World Bank warned Tuesday that the coronavirus crisis threatens to push some 60 million people into extreme poverty, wiping out the...
Rupee Gains By 30 Paise To Touch 75.61 Mark Against Dollar
The rupee strengthened by as much as 30 paise – or 0.40 per cent – to 75.61 against the US dollar on Tuesday amid a...
World Bank Approves Another $1 Billion Fund for India
Amid the spread of coronavirus pandemic, the World Bank has approved $1 billion aid to support India’s efforts for providing social assistance to poor and...
FM to Announce Second Tranche of Economic Package Today
Finance minister Nirmala Sitharaman will announce details of the second tranche of the Rs 20 lakh crore economic package today. The finance ministry said Sitharaman...
No Pay Cut for Central Govt Employees: Finance Ministry
Amid reports that the central government might impose pay cuts on some categories of central government employees to ease pressure on government’s expenditure during the...