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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)

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

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.

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)

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 Image

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

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

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

Gold prices in the international market are 12 per cent lower than their record high levels of $2,072 per ounce. DC Image

RBI's 77 tonne gold buy is 2nd highest

RBI's gold reserves stood at 676.6 tonnes at the end of 2020, which probably has now gone up to 753 tonne

29 Jan 2022 8:54 AM IST

Free Trade Agreements (FTAs) have not benefitted India much. Exports to countries with whom India has entered into FTAs have grown by a meagre 10 per cent in FY19, while the imports have grown by 27 per cent.

Trade pacts junk labour provisions

The ILO Centenary Declaration for the Future of Work (2019) calls for countries to place decent work as a central...

28 Jan 2022 11:45 AM IST

Any recoveries made as a result of avoidance applications should go to the creditors of Dewan Housing Finance Corp and not to the successful bidderPiramal Group, the NCLAT ruled. DC Image

NCLAT asks CoC to consider 63 Moons appeal in DHFL resolution

63 Moons said the CoC has to reconsider the provision of Sec 66 of IBC, which mandates that the benefit should go to all...

28 Jan 2022 11:22 AM IST

Governments could still set whatever local corporate tax rate they want, but if companies pay lower rates in a particular country, their home governments could top up their taxes to the 15% minimum, eliminating the advantage of shifting profits.

Most Indians want tax on the rich, top firms

As high as 89 per cent of the respondents also want the government to impose fines on pvt companies that do not fulfil...

28 Jan 2022 11:18 AM IST

Large transactions included the acquisition of Jio Platforms by Facebooks subsidiary Jaadhu for $5.7 billion, the acquisition of Tower Infrastructure Trust by Brookfield and GIC Singapore for $3.7 billion and the sale of the electrical and automation division of L&T India for $2.1 billion. Representational image/DC

FDI inflow dips 26% in 2021: Unctad

The decline in FDI in 2021 was mainly because large mergers and acquisitions (M&A) deals recorded in 2020 were not...

21 Jan 2022 7:40 AM IST

While a large number of death claims continued to be reported during the first two quarters of 2021-22, the potential claims from the current omicron third wave has shown reduced severity of the disease. By arrangement

Insurers tighten rules, raise rates

Data from the IRDA of India shows the death claims from both individual and group policies combined rose by 41 per cent...

21 Jan 2022 7:32 AM IST

NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.

NCLAT issues notices to CCI, Future Coupons on Amazon plea

The appellate tribunal admitted the petition filed by Amazon challenging the CCI order

14 Jan 2022 9:27 AM IST