Coal India Retains Production and Offtake Momentum in May

Coal India Retains Production and Offtake Momentum in May

Despite COVID-19 restrictions in several states, Coal India maintained its output and despatch momentum in May, the second month of the current fiscal, an official said. The mining major is likely to report dry fuel production of around 41.7...

RBI's new norms to help enhance audit quality, transparency, and add value, states Experts

RBI's new norms to help enhance audit quality, transparency, and add value, states Experts

The Reserve Bank's new norms for auditors will help enhance the overall audit quality as well as the transparency, apart from adding to the value to the businesses rather than wasting resources, according to various auditing experts amid...

Central bank might keep policy rate unchanged

Central bank might keep policy rate unchanged

The Reserve Bank of India’s (RBI’s) monetary policy committee is being expected to keep interest rates on hold in its upcoming review meeting on Friday amid fears of inflation adding to the impact of the second wave of Covid...

Paytm Plans to Launch India’s Biggest IPO by the End of this Year: Report

Paytm Plans to Launch India’s Biggest IPO by the End of this Year: Report

Leading digital payments service provider Paytm is preparing to launch India’s biggest IPO, with a goal to raise $3 billion, by the end of this year. The development was confirmed from a reliable resource familiar with the deal...

No Fresh Issuance of Rs 2,000 Notes Stated RBI

No Fresh Issuance of Rs 2,000 Notes Stated RBI

The Reserve Bank of India said on Thursday that there will be no new issuance of Rs 2,000 notes in 2020-21, as there was the previous year. The supply of Rs 20 notes, on the other hand, was boosted from 13,390 lakh pieces in 2019-20 to 38,250 lakh...

The RBI raised Flag Risk of Bubble in the Stock Markets

The RBI raised Flag Risk of Bubble in the Stock Markets

The Reserve Bank of India (RBI) has again raised the red flag over the question of a bubble in the stock markets, which surged to record highs even after the Covid pandemic hit the country.  On August 22, 2020, RBI Governor Shaktikanta Das...

Credit card transaction value falls by 1 lakh crore owing to the pandemic

Credit card transaction value falls by 1 lakh crore owing to the pandemic

The value of credit card transactions has declined by Rs 1 lakh crore to Rs 7,30,895 crore in 2020-21 from Rs 6,30,414 crore in the previous year in the wake of the countrywide lockdown due to the Covid pandemic. According to the Reserve Bank...

Adverse Economic impact of 2nd wave has peaked, states UBS

Adverse Economic impact of 2nd wave has peaked, states UBS

The second wave of Covid-19 in India appears to have peaked, as the daily new case count and positivity rate have fallen over the past few days, according to Tanvee Gupta Jain, who is an economist, UBS. The UBS-India Activity Indicator slipped...

Ministry of Finance: PFRDA assets under management have crossed Rs 6 lakh crore under NPS and APY

Ministry of Finance: PFRDA assets under management have crossed Rs 6 lakh crore under NPS and APY

The Pension Fund Regulatory and Development Authority (PFRDA) has said its assets under management have crossed Rs 6 lakh crore under the National Pension System (NPS) and Atal Pension Yojana (APY) after 13 years. The AUM growth of the last Rs 1...

GST Council meet to centre regarding the shortfall compensation

GST Council meet to centre regarding the shortfall compensation

The key deliberation at the 43rd meeting of the Goods and Services Tax (GST) Council on Friday will likely to be centred around an acceptable mechanism in order to compensate states for an estimated ₹1.5 lakh crore revenue shortfall in 2021-22...

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