As per the Reserve Bank of India data, the growth of bank deposit has moderated to 10% in March 2022 as compared with 11.9% in 2021. Current, savings and term deposits have been increased by 10.9%, 13.3% and 7.9%, respectively, during 2021-22. The share of current account and savings account (CASA) deposits has been increasing over the years and stood at […]
Bank deposit growth slows down in March 2022: RBI Read More »
NITI Aayog and TIFAC have launched a report titled ‘Forecasting Penetration of Electric Two-Wheelers in India’. Total eight scenarios have been for analyzing the future penetration of electric two-wheelers in the country. Optimistic scenario Forecasts: 100% penetration of electric two-wheelers in the Indian market by FY 2026–27. TIFAC, is an autonomous organization set up in 1988 under the Department of Science
NITI Aayog launches report on Future Penetration of Electric Two-Wheelers Read More »
The GST Council, which is scheduled to meet next week in Chandigarh, is likely to discuss changes in law to facilitate provision for setting up GST Tribunals. The Council will also discuss the group of ministers’ (GoM) report on online gaming, casinos and race courses, sources told CNBC-TV18. The GoM met on June 17 and discussed issues
GST Council to talk about modifying law, online gambling and casinos Read More »
India is one of the fastest-growing economies in the world and it is expected to reach USD 30 trillion in the coming 30 years, Commerce and Industry Minister Piyush Goyal said here on Sunday. Goyal remarked that if India grows at a compound annual growth rate of 8% annually, the economy will double in nine years
Piyush Goyal: Indian GDP might reach $30 trillion in coming 30 years Read More »
The Pension Fund Regulatory and Development Authority (PFRDA) on Friday said subscriber base under its flagship pension schemes rose by 24 per cent in August this year to over 4.53 crore. According to the Pension Fund Regulatory and Development Authority (PFRDA), the number of subscribers in various NPS plans climbed to 531.73 lakh by the end of May
Beneficiaries of the PFRDA pension scheme increased by 24% Read More »
Fitch Ratings has shift the rating outlook of nine Indian banks which include SBI, ICICI Bank and Axis Bank, from negative to stable. The other banks are: Bank of Baroda (BOB), Bank of Baroda (New Zealand) Ltd, Bank of India, Canara Bank, Punjab National Bank (PNB) and Union Bank of India. The Fitch’s Issuer Default Ratings (IDR) are
Fitch revises rating outlook on 9 Indian banks from ‘Negative’ to ‘Stable’ Read More »
According to insiders, a group of state ministers working on GST rate rationalisation was unable to achieve an agreement because some members were opposed to modifications to tax slabs and rates. They stated that the Group of Ministers will provide a status report to the GST Council on the consensus reached at the Group of Minister’s previous meeting on November 20, 2021.
Ministerial meeting on GST rationalisation fails to reach agreement Read More »
Central bankers around the world are enacting what could be the most dramatic tightening of monetary policy since the 1980s, risking recessions and upsetting financial markets as they try to deal with an unexpected spike in inflation. The week began with a surprise move on Wall Street to price in a Federal Reserve rate hike of 75 basis points. Chairman Jerome
Since 1980s, world’s central banks launch their most hawkish campaign Read More »
Despite a strong global campaign against Indian farmers and fishermen, India was able to secure a favourable outcome at the WTO after many years, commerce and industry minister Piyush Goyal told the media after the conclusion of the 12th ministerial conference — the WTO (World Trade Organisation)‘s highest decision-making body . Piyush Goyal described the conference as a ‘outcome-oriented success’, saying
Piyush Goyal: After several years, India able to win favourable WTO outcome Read More »
Trade data released by the Ministry of Commerce and Industry showed that India’s May trade deficit widened to $24.29 billion from $6.53 billion a year ago. May’s trade deficit was pushed up by a surge in imports, which rose 62.83% year-on-year to $63.22 billion, while exports rose 20.55% to $38.94 billion, revised trade data released by the Ministry of
Trade deficit of India broadens to $24.29 billion in May 2022 Read More »
