Mumbai, Sep 18 (IANS) The Reserve Bank of India (RBI) on Friday said that it absorbed Rs 2.23 lakh crore from the banking system through a Variable Rate Reverse Repo (VRRR) auction as part of its ongoing efforts to manage surplus liquidity and align short-term money market rates with the policy repo rate.
New Delhi, Sep 18 (IANS) Pakistan has announced a new round of austerity measures including cut in fuel for official vehicles to cut government spending as petrol and diesel prices surge amid disruptions to Gulf supplies due to the West Asian conflict, as per multiple reports.
New Delhi, Sep 18 (IANS) Global brokerage Bernstein has raised its earnings estimates for Paytm after the final UPI merchant discount rate framework came in better than expected, pointing to sharper monetisation of the company's payments business across both the consumer and merchant sides.
New Delhi, Sep 18 (IANS) The government on Friday eased the existing 15-day sugar stockholding limit for bulk consumers to 30 days, subject to the condition that the quantity of stock held beyond the existing 15 days limit is sourced exclusively from sugar imported under advance authorisation scheme (AAS) and tariff rate quota (TRQ).
New Delhi, Sep 18 (IANS) Dutch chipmaker Nexperia announced a partnership with India’s Tata Electronics to manufacture and package power control chips at Tata’s planned semiconductor complex, after the Netherland-based company's fallout with its former Chinese parent Wingtech.
New Delhi, Sep 18 (IANS) The Anti-Evasion Branch of the Central Goods and Services Tax (CGST) officials, Delhi South Commissionerate have arrested the proprietor of an iron and steel trading firm for allegedly availing, utilising and passing on fraudulent Input Tax Credit (ITC) worth more than Rs 25.22 crore through bogus invoices valued at approximately Rs 140.14 crore, an official statement said on Friday.
New Delhi, Sep 18 (IANS) India is on course to achieve real GDP growth of 6.5-7 per cent in the current fiscal year, with nominal GDP growth expected to remain around 11-12 per cent, supported by strong domestic demand, accelerating bank credit and improving economic activity, according to a report released by Jefferies.
New Delhi, Sep 18 (IANS) India highlighted the three pillars of 'Security, Connectivity, and Opportunity' for international trade at the 25th meeting of Ministers of the Shanghai Cooperation Organisation (SCO) Member States Responsible for Foreign Economic and Trade Activities held in Tajikistan's Dushanbe, according to an official statement issued on Friday.
New Delhi, Sep 18 (IANS) While China is Iran’s most important economic partner, Beijing has shown little interest in linking its broader Middle East strategy to Tehran, according to an article in the MBN news website.
Bangkok, Sep 18 (IANS) India and Thailand have held discussions on further strengthening trade and investment ties, identifying areas of complementarity, resolving tariff and non-tariff barriers, and achieving balanced trade for mutual benefit.
