If implemented in the present state of readiness, the new RBI mandate could cause major disruptions and loss of revenue, especially for merchants, they said in a letter to the RBI.
"We had been thinking only of silicon fabrication. This time, the thought process is for the entire ecosystem, which includes silicon fabrication, display fabrication, 15-odd compound semiconductor fabrication and the entire design unit," Minister of Electronics and Information Technology Ashwini Vaishnaw said.
“Ideas like a single number are very logical. Right from Aadhaar, TAN, PAN and DIN number, we have so many numbers, can we not bring in something like an American social security number which covers so many things?” Commerce minister Piyush Goyal said.
“I believe that monetary policy is no longer the right instrument to deal with the Covid-19 pandemic whose economic effects (as opposed to its health effects) have diminished greatly...,” Varma said at the MPC meeting, according to minutes released by the RBI.
In a pre-Budget consultation meeting with Finance Minister Nirmala Sitharaman, some economists impressed upon the government not to unduly worry about the fiscal trajectory for FY23. The customary pre-Budget meetings were held with the FM virtually between December 15 and December 22.
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Vu Televisions, the largest selling TV brand in the large size 4K TVs, has consolidated TV sales of Rs 5,000 crore with over 30 lakhs TVs sold in India.
Income Tax Return (ITR) Filing FY 2020-21 Last Date, documents required: Have you filed your income tax return (ITR) for the financial year 2020-21 (FY21) yet? If the answer is no, then you must check this to know the documents required.
🔴 Rakesh and Rashmi Verma, who own nearly 54% of MapmyIndia post-IPO, are the latest founders to strike gold during this year’s stock market boom.
Metro Brands shares listing: The scrip of footwear retailer Metro Brands got listed at Rs 436.00 apiece on the BSE, thereby registering a fall of 12.80 per cent from its offer price of Rs 500.00.
The 30-share index jumped 449.23 points or 0.80 per cent to 56,768.24 in the opening trade. Similarly, the Nifty advanced 134.95 points or 0.80 per cent to 16,905.80.
The combined entity, nearly 51% owned by Sony Pictures Networks India (SPNI), will own popular channels such as Sony MAX and Zee TV, along with streaming platforms ZEE5 and SonyLIV, as part of the deal.
As the liquidity measures announced by several developed economies begin to taper off, asset classes including cryptocurrencies are beginning to see a softening of prices.
'Inflation is not just in India, it’s a global phenomenon. I believe part of the inflation is not that the demand has been so high, that it is a demand-led inflation,' said Sanjiv Mehta, FICCI President and CMD of Hindustan Unilever Limited (HUL).
The growth in CiC has fallen to 7.9 per cent (Rs 2.14 lakh crore) in November 2021 as against 22.2 per cent (over Rs 5 lakh crore) growth in the same month a year ago.
On Monday, despite the Sensex plunging 1,190 points, the rupee gained by 16 paise to settle at 75.90 against the US dollar on dollar sales by banks on behalf of the RBI.
The Andhra Pradesh government is currently in a legal battle with renewable energy producers with the aim of renegotiating contracted power tariffs and the Punjab Assembly has passed a Bill to renegotiate tariffs under existing PPAs
According to BankBazaar Moneymood 2022 report, the share of fuel cards have gone up to 13.1 per cent of the overall cards.
The #FindYourMatch campaign aims to encourage customers to find the perfect smartphone that fulfills their needs from the vast selection of products on Flipkart
Making any business blossom and turn into a multimillion-dollar business requires work, dedication, and passion.
The currency declined 2.2% this quarter as global funds pulled $4 billion of capital out of the country’s stock market, the most among regional markets where data is available.
MapmyIndia shares listing: The scrip of digital mapping company C.E. Info Systems (MapmyIndia) got listed at Rs 1581.00 apiece on the BSE, thereby registering a gain of 53.05 per cent above its offer price of Rs 1,033.00.
Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 56,319.01, up 497.00 points (0.89 per cent), while the Nifty 50 settled at 16,770.85, up 156.65 points (0.94 per cent).
Launch of new contracts of paddy (non-basmati), wheat, soyabean and its derivatives, crude palm oil and moong have been barred by Sebi till further orders . The list includes chana, and mustard seeds and its derivatives.
In 2014-15, the states' share in the net proceeds of shareable Central taxes and duties was at 32 per cent, which now stands at 41 per cent. The Finance Ministry data also showed that the share of cesses and surcharges in gross tax collections went up more than four times over the last decade between 2011-12 and 2020-21.
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Indigenously developed next-gen AERV inducted in Army’s Corps of Engineers
