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In barely three years, Adani has gained control of seven airports and almost a quarter of Indias air traffic. (Bloomberg)Business
Gautam Adani overtakes Mukesh Ambani as Asia's richest person

With an almost $12 billion jump in his personal fortune, Adani is the world's biggest wealth-gainer this year

8 Feb 2022 2:03 PM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)Business
MPC may hold back rate hike

Policy normalization is set to commence in April with a stance change and reverse repo hike

7 Feb 2022 2:02 AM IST

Union Minister of Finance Nirmala Sitharaman with MoS Pankaj Chaudhary arrives at Parliament for the presentation of the Union Budget 2022-23, in New Delhi, Tuesday, Feb 1, 2022. (PTI Photo/Kamal Kishore)Business
India's digital currency to debut by early 2023

Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a central bank-backed 'digital...

6 Feb 2022 11:16 AM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.Business
Bank of India posts 90% jump in Q3 profits

The net interest income key indicator of profitability, declined by 8.9 percent at Rs 3,408 crore against Rs 3,740 crore...

5 Feb 2022 10:52 AM IST

A medic administers a dose of Covid-19 vaccine to a beneficiary at a government vaccination centre in Bengaluru. (Photo: PTI)Business
Centre slashes healthcare spending by Rs 33,809 crore

The Budget estimates that the requirement for vaccination would be lesser in the coming fiscal year with many being...

5 Feb 2022 10:47 AM IST

Gold prices in the international market are 12 per cent lower than their record high levels of $2,072 per ounce. DC ImageBusiness
Intermediate goods imports post growth

For the third consecutive quarter, India had the highest growth of intermediate goods imports of 65 per cent

5 Feb 2022 10:30 AM IST

Sitharaman said, \Introduction of Central Bank Digital Currency (CBDC) will give a big boost to the digital economy. (PTI Photo/ Shahbaz KhanBusiness
RBI to issue Digital Rupee in FY23: Sitharaman

Digital currency will also lead to a more efficient and cheaper currency management system

2 Feb 2022 7:34 AM IST

In September 2021, a reference was sent to sector regulator TRAI, seeking recommendations for the 5G spectrum auction and various modalities such as reserve price, band plan, block size, quantum of spectrum to be auctioned, it said. (PTI Photo)Business
Spectrum auction, 5G services roll-out this year

The telecommunications sector in general and 5G, in particular, can enable growth and offer job opportunities, the FM...

2 Feb 2022 7:05 AM IST

Currently, post offices provide savings account services and payments bank services through the India Post Payments Bank. (Representational Image/DC)Business
Post offices to be linked to bank network, ATMs

The minister also announced setting up 75 digital banking units (DBUs) in 75 districts by scheduled commercial banks

2 Feb 2022 6:49 AM IST

Union Finance Minister Nirmala Sitharaman holds a folder-case containing the Union Budget 2022-23 as she poses for a photograph with the Finance Ministry officials, outside the North Block, in New Delhi, Tuesday, Feb. 1, 2022. (PTI Photo/Shahbaz Khan)Business
FM presents 'amrit kaal' Budget; gives 'booster shot' for growth, big...

35 per cent more money to create infra; greater focus on tech on road to India@100

2 Feb 2022 6:44 AM IST

This is meant to reduce litigation, but will not provide additional refund. (Representational image: PTI)Business
I-T returns can be updated in two years to correct any errors

This will avoid the lengthy process of litigation if the department finds that some income has been missed out by the...

2 Feb 2022 2:06 AM IST

The 30 per cent tax with 1 per cent TDS will be a deterrent to several investors who are jumping into the crypto bandwagon. AFPBusiness
Cryptos to stay with 30 pc tax; digital rupee next fiscal

The gift of virtual digital assets will be taxed in the hands of the recipient

2 Feb 2022 2:03 AM IST

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