Month: June 2023
rbi: Banks ask RBI to frame policy for silver loans
Banks have reached out to the banking sector regulator, seeking a policy framework for silver metal loans on the lines of existing gold metal loans,…
Mangoes command gold prices as erratic weather affects crop
A rare variety of mangoes that Sawakat Hussain, a farmer from Bengal’s Birbhum district, brought to a mango festival in Siliguri last week fetched him…
Goods exports contract 10.3% in May
India’s merchandise exports contracted 10.3% year-on-year in May to $34.98 billion from $39 billion a year ago, data released on Thursday showed. Imports also shrank…
Fed’s reverse repos fall below $2 trillion for first time since June 2022
NEW YORK: Demand for the Federal Reserve‘s reverse repurchase (RRP) facility slowed on Thursday, falling below $2 trillion for the first time since early June…
DGGI Gurugram bust fake ITC racket worth Rs 863 crore, 2 held
The Gurugram Zonal Unit of Directorate General of GST Intelligence has busted a major fraudulent Input tax Credit (ITC) racket involving 461 fake entities, which…
Portuguese police rescue 47 trafficked footballers, including 36 minors
LISBON: Forty-seven young footballers, including 36 minors, have been rescued by Portuguese police in a crackdown on human trafficking linked to a training camp in…
Mk Jain: Corporate governance root of supervisory concerns: RBI deputy governor MK Jain
Regulatory oversight of financial institutions need to get tighter and should include examination of individual institutions’ business models, Reserve Bank of India (RBI) deputy governor…
Deadline for Higher EPS pension on June 26. Here’s how to calculate the amount
Around 10 days remain for those who wish to participate in the Employees’ Pension Scheme’s Higher Pension Scheme, which permits eligible individuals to earn a…
After Tim Cook, China tries to revive investor interest with Bill Gates’ visit
Microsoft Corp. co-founder Bill Gates says he is in Beijing, joining a series of foreign business figures who have visited China as the ruling Communist…
faster adoption and manufacturing of electric: EV adoption up against a roadblock on recent govt moves, says automotive body
A slew of moves recently initiated by the Ministry of Heavy Industries (MHI) would “substantially” delay the adoption and penetration of electric vehicles (EVs) in…