Economy

The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance entered into five (5) Unilateral Advance Pricing Agreements (APAs) with Indian...

Government announces major relief to farmers, small traders, government employees and families having marriages. Farmers can now withdraw upto 25 thousand rupees against sanctioned crop...

The union cabinet committee on economic affairs cleared the ‘strategic sale’ of Public-Sector undertaking, Bharat Pumps and Compressors Ltd. The Cabinet has approved Rs 111.59...

The Integrated Sample Survey is a regular sample survey under taken on a general principle of 15% sample basis across the country. The sample Villages/Urban...

Income-tax Rules have been amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in...

The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of . (Face Value). ...

The Reserve Bank of India has identified State Bank of India (SBI) and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) in 2016. The...

The Price Stabilization Fund (PSF) was set up in 2014-15 under the Department of Agriculture, Cooperation & Famers Welfare (DAC&FW) to help regulate the...

India and ADB have signed USD 375 million pact for loans and grants to develop 800—km Visakhapatnam—Chennai Industrial Corridor, which is the first phase...

The outstanding balance of 6.25% Government Stock 2018 is repayable at par on January 02, 2018. No interest will accrue there on from January...

As per Central Statistics Office (CSO) provisional data, the share of services sector to Gross Value Added (GVA) was 53.2 per cent in 2015-16...

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for...

The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of August...

The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period August 03,...

Telecom regulator TRAI permitted increase of validity for mobile data packs to 365 days, from the current up to 90 days, to boost usage...

According to Fitch Ratings, 'Masala bonds' issued in offshore capital markets would widen the investor pool and ultimately deepen the market for Additional Tier...

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100...

In order to reduce tax litigation by about 50 per cent, the Ministry of Finance raised the monetary limit for filing appeals to Rs...

Benchmark Sensex closed above the 30,000-mark for the first time on 26 April, 2017. A 30-kg cake was cut at Bombay Stock Exchange (BSE) in...

Government of India has announced the sale (issue/re-issue) of Government Stock detailed below through auctions to be held on September 25, 2020. ...

Total amount notified (₹ in crores) Aggregate amount...

Multi Commodity Exchange (MCX) has signed an agreement with Mozambique Commodities Exchange also known as Bolsa De Mercadorias De Moçambique (BMM) has signed an...

The Government has taken a number of steps to check price rise and to improve the availability of essential food items. These include: General Measures: National...

Post demonetization, India has lost its fastest-growing major economy status in the fourth quarter of 2016-17. Indian GDP growth came at the rate of...

Reserve Bank of India, in the public interest, had issued directions to in exercise of powers vested in it under sub-section (1)...

The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for the month of December, 2015 declined by 0.1 percent to 177.4 (provisional) from...

1. Assam 600 ...

The Union Cabinet has given its approval for closure of Hindustan Cables Limited (HCL), Kolkata as per the provisions of the Companies Act, 1956/2013,...

Money Market Operations as on August 30, 2020 Press Release by RBI

The 3rd Advance Estimates of production of major crops for 2016-17 have been released by the Department of Agriculture, Cooperation and Farmers Welfare. As per...

Today, the Reserve Bank released Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks (SCBs), June 2020 on its Database...

As mentioned in the National Policy on Electronics (NPE 2012), the demand for electronics in the Indian market is expected to reach USD 400...

The Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Kerala...

The Union Ministry of Commerce and Industry has approved the proposal of the Spices Board for fixing the CIF value of Rs.500/-per kg as...

General Measures: Ø National Consultation Meeting held with States/UTs in-charge of Consumer Affairs and Food held on 7th July, 2015, at New Delhi resolved to...

Recently Government of India has announced the Sale of Floating Rate Bonds. Floating Rate Bonds refer to the changing interest rate bonds. The interest rate...

India’s foreign exchange reserves (FER) increased from US$ 341.6 billion at end March 2015 to US$ 360.2 billion at end March 2016 and US$...

Government has earned over Rs.35,000 crore  through disinvestment of PSU share sales. At a record high of Rs.35,236 crore ($5.3 billion), the total funds...

Directorate General of Anti-Dumping and Allied Duties (DGAD) has recommended anti-dumping duty of 5-20 per cent on jute and jute products to protect the...

I. Notified Amount ₹ 12000 Crore ...

The Budget 2017 presented by Indian finance minister, ushered the concept of ‘secondary adjustments’. It means that an adjustment that arises from imposing tax on...

New notes are issued by the Reserve Bank of India (RBI)’s department of currency management. It gets the notes from four presses. The Security Printing...

Government has announced the import duty cuts on wheat, edible oil and potato. The government lowered the import duty on crude palm oil from 12.5...

The Government of India, in consultation with the Reserve Bank of India (RBI), has decided to issue 5th Tranche of Sovereign Gold Bonds. Applications for...

Shivaji Rao Bhosale Sahakari Bank Ltd., Pune was placed under directions vide directive DCBS.CO.BSD-I/D-14/12.22.254/2018-19 dated May 03, 2019 from the close of business...

The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards. The necessary procedures for application of...

PetroFed, an apex society of entities in the Hydrocarbon sector, signed a Memorandum of Understanding (MoU) with TERI to undertake study on “Climate Change...

Reserve Bank of India allowed multilateral financial institutions to invest in rupee denominated bonds popularly known as ‘masala bonds’ issued by Indian entities. In order to...

MERCHANDISE TRADE EXPORTS & IMPORTS  : (US $ Million) (PROVISIONAL)     APRIL 2017 EXPORTS(including re-exports)   2016-17 20568.85 2017-18 24635.09 %Growth 2016-17/ 2015-16 19.77 IMPORTS   2016-17 25413.72 2017-18 37884.28 %Growth 2016-17/ 2015-16 49.07 TRADE BALANCE   2016-17 -4844.87 2017-18 -13249.19     EXPORTS &IMPORTS  : (Rs. Crore) (PROVISIONAL)   APRIL 2017 EXPORTS(including re-exports)   2016-17 136720.11 2017-18 158913.79 %Growth 2016-17/ 2015-16 16.23 IMPORTS   2016-17 168923.71 2017-18 244380.52 %Growth 2016-17/...

According to Report by 'Brand Finance', India is world's seventh most valued 'nation brand'. There is surge of 32 per cent in India's 'nation...

I. T-Bill ...

(Amount in ₹ crore, Rate in Per cent) ...

Wind turbine maker Suzlon Energy Ltd will allot over 3.58 lakh shares to bondholders upon conversion of some bonds due in July 2019. Suzlon Energy...

The Centre is well on course to achieve its fiscal targets for 2015-16 going by the various revenue related data points available as on...

The prices of petrol and diesel in the international market are falling. The weighted average price of petrol and diesel in the international markets...

Crude Oil Production Indigenous crude oil production (including condensate) during October, 2015 was 3151.178 TMT which is 2.53% higher than the target for the month...

Results of OMO Purchase and Sale auction held on September 10, 2020 and Settlement on September 11, 2020 Press Release by RBI

The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period July 27,...

Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract Press Release by RBI

The Cabinet Committee on Economic Affairs has approved a restructuring plan for Hindustan Organic Chemicals Ltd. (HOCL), a loss making and sick Central Public...

The Cabinet Committee on Economic Affairs has approved the proposal of Ministry of Railways to close the Bharat Wagon and Engineering Company Limited (BWEL)...

RBI is planning to introduce a new monetary-policy tool in the coming financial year to better manage a banking system swimming in excess cash. The so-called...

Results of OMO Purchase and Sale auction held on August 27, 2020 and Settlement on August 28, 2020 Press Release by RBI

Data on crude steel production by India during the last three years i.e. 2014-15, 2015-16 and 2016-17 and April-May 2017-18 is given below:- Year Crude steel...

The government has extended safeguard duty on steel imports till March 2018. The move is aimed at protecting the Indian industry from cheap China...

India and IBRD has signed an agreement for GEF Grant of USD 5.19 Million for “Additional Financing for Financing Energy Efficiency at MSMEs Project-...

The Union government has started the process of strategic sale or privatisation of Bharat Pumps and Compressors, and Bridge & Roof Co. The sale...

India’s fiscal deficit at August-end touched 96.1 per cent of the budget estimate for 2017-18, mainly due to rise in expenditure. In absolute terms, the...

The data on payment system indicators such as Paper Clearing, National Electronic Fund Transfer (NEFT) and National Automated Clearing House (NACH), registered growth in...

Taxi aggregator Uber has temporarily shut down its Uber Auto service, which was started in April in New Delhi this year. Launched as a cash-only...

Reserve Bank has decided to allow start-ups to raise external commercial borrowings (ECBs) of up to 3 million in a financial year. They will...

Reserve Bank of India (RBI) has informed that number of debit cards outstanding at the end of August 2016 was 71.2 crore. RBI has informed...

Asia Index Pvt Ltd, a joint venture between S&P Dow Jones and BSE Ltd, launched four new indices. The four S&P BSE indices will be...

India has surpassed all previous export records and has fulfilled the increasing international demand for its quality spices in the face of tough competition...

Real-time money transfer via Unified Payments Interface has becomes a reality. National Payments Corporation of India (NPCI) announced that the Unified Payments Interface (UPI) is...

Joint Venture Agreement was signed between Ministry of Railways and Government of Kerala for developing railway infrastructure in the State. In view of the growing...

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has given its approval to issue 13,90,00,000 fresh equity shares of...

Government of India (GOI) has announced the sale (issue/re-issue) of four dated securities for a notified amount of ₹30,000 crore as per the...

In a bid to give a push to Digital Economy and weed-out corruption and black money, the Union Minister for Finance and Corporate Affairs,...

The Central Board of Direct Taxes (CBDT) has entered into two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers, strengthening the Government’s commitment to...

The Competition Commission of India (‘CCI’) has imposed penalties on 7 cement companies for bid rigging of a tender floated by the Director, Supplies...

The Centre has waived inter-state transmission charges and losses on transmission of electricity generated from solar and wind projects. The waiver will be applicable for...

Current Affairs: FDI (foreign direct investment) inflows into the services sector grew by about 20 per cent to $1.46 billion (Rs 9,404 crore) in...

Notified Amount (in ₹ crore) 50,000 Total amount of bids...

The Government of India has decided to merge the Bharatiya Mahila Bank (BMB) with the State Bank of India (SBI) to ensure greater banking...

Enabling provision made for implementation of various provisions of the Act in case of a foreign company held to be resident in India. Income of...

Hinduja Group flagship firm Ashok Leyland on Friday said it has bagged an order for 680 vehicles and spare parts worth $50 million (over...

The Government of India has announced the repurchase of its Securities through reverse auction for an aggregate amount of Rs. 10,000 crore (face value). The...

Aurobindo Pharma has received approval of the US Food and Drug Administration (FDA) to market injection Eptifibatide, used in the treatment of acute coronary...

The Government of India has announced the Sale (re-issue) of (i) “Government of India Floating Rate Bonds 2024” for a notified amount of Rs....

(Amount in ₹ crore, Rate in Per cent) ...

The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period August 24,...

The government has declared to infuse Rs. 1,894 crore capital into State Bank of India. It has asked the country’s largest lender SBI to take necessary...

The Union Cabinet chaired by Prime Minister Modi has given its approval to the reforms to boost employment generation and exports in the Made-ups...

There is no official estimation of percentage of black money held in India in cash. In the last financial year (2015-16) 648 disclosures involving undisclosed...

Money Market Operations as on September 27, 2020 Press Release by RBI

Moody's today upgraded its outlook for India's banking system to 'stable' from 'negative'. Moody's rates 15 banks in India that together account for around...

The Union Finance Minister Arun Jaitley launched a new Exchange Traded Fund (ETF) by the name BHARAT 22. Bharat 22 consists of 22 stocks of...

India’s Foreign Trade (Merchandise): December, 2015 EXPORTS (including re-exports) Exports during December, 2015 were valued at US$ 22297.48 million (Rs. 148491.18 crore) which was...

In the conference of the Food Secretaries of the States held under the Chairpersonship of Ms. Preeti Sudan, Secretary, the Department of Food &...