Business News: Economy & Markets

Revised RBI’s priority sector lending norms to further boost economy: SBI report

IANS | March 26, 2025 10:16 AM

New Delhi, March 26 (IANS) The recent amendments in priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) should further help the economy grow faster and fine tune the building blocks of the factors of productions, mainly the MSMEs, agri and allied sectors, housing and exports, etc, a report by SBI Research said on Wednesday.

Indian stock market opens flat, Sensex above 78,000

IANS | March 26, 2025 9:36 AM

Mumbai, March 26 (IANS) The domestic benchmark indices opened flat on Wednesday amid positive global cues, as buying was seen in the realty sector in the early trade.

Centre discontinues Gold Monetisation Scheme, short-term deposits will continue

IANS | March 25, 2025 9:50 PM

New Delhi, March 25 (IANS) The government on Tuesday announced to discontinue the medium term and long term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from March 26.

Data-pooling with ILO shows 65 pc Indians get benefits under social protection schemes

IANS | March 25, 2025 9:14 PM

New Delhi, March 25 (IANS) India has made significant strides in enhancing its social protection coverage through a comprehensive data-pooling exercise in collaboration with the International Labour Organisation (ILO). The initiative has utilised encrypted Aadhaar as a unique identifier across 34 major Central schemes such as MGNREGA, EPFO, ESIC, APY, and PM-POSHAN to process over 200 crore records to identify unique beneficiaries, the Ministry of Labour announced on Tuesday.

Regional Rural Banks in robust health with record profits: Govt

IANS | March 25, 2025 8:06 PM

New Delhi, March 25 (IANS) The financial health of the Regional Rural Banks (RRBs) has improved in recent years as they have posted the highest-ever consolidated net profit of Rs 7,571 crore during FY 2023-24, the Parliament was informed on Tuesday.

Indian domestic software market to hit $100 billion by 2035: Report

IANS | March 25, 2025 5:35 PM

New Delhi, March 25 (IANS) India's domestic software market is set for massive growth, with projections indicating a five-fold increase over the next decade to reach $100 billion by 2035, a new report said on Tuesday.

Misleading ads: CCPA slaps Rs 77.6 lakh penalty on 24 coaching institutes

IANS | March 25, 2025 5:01 PM

New Delhi, March 25 (IANS) The Central Consumer Protection Authority (CCPA) has imposed penalties to the tune of Rs 77,60,000 on 24 coaching institutes for misleading advertisements in the country, the government informed on Tuesday.

Samsung says mulling legal options after India raises over Rs 5,000 crore in tax demand

IANS | March 25, 2025 3:43 PM

New Delhi, March 25 (IANS) After the Indian government asked Samsung to pay $601 million (approximately Rs 5,174 crore) in back taxes and penalties for allegedly evading import duties on some key telecom equipment, the South Korean giant on Tuesday said the company fully complies with the laws of the land and is currently "assessing legal options".

India’s milk production surges 63.6 pc in 10 years, accounts for 25 pc of world output

IANS | March 25, 2025 3:30 PM

New Delhi, March 25 (IANS) India’s milk production has increased by 63.56 per cent over the past 10 years from 146.3 million tonnes in 2014-15 to 239.2 million tonnes during 2023-24, with an annual growth rate of 5.7 per cent, while world milk production is growing at 2 per cent per annum, according to information tabled in Parliament on Tuesday.

New Income Tax Bill to be introduced in monsoon session: FM Sitharaman

IANS | March 25, 2025 2:57 PM

New Delhi, March 25 (IANS) The new Income Tax Bill will be taken up for discussion in the Monsoon session of Parliament, Finance Minister Nirmala Sitharaman told the Lok Sabha on Tuesday.

business

Revised RBI’s priority sector lending norms to further boost economy: SBI report

Indian stock market opens flat, Sensex above 78,000

Centre discontinues Gold Monetisation Scheme, short-term deposits will continue

Data-pooling with ILO shows 65 pc Indians get benefits under social protection schemes

Regional Rural Banks in robust health with record profits: Govt

Indian domestic software market to hit $100 billion by 2035: Report

Misleading ads: CCPA slaps Rs 77.6 lakh penalty on 24 coaching institutes

Samsung says mulling legal options after India raises over Rs 5,000 crore in tax demand

India’s milk production surges 63.6 pc in 10 years, accounts for 25 pc of world output

New Income Tax Bill to be introduced in monsoon session: FM Sitharaman

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