Business

September 21, 2022 8:06 AM

RBI decides to take out Central Bank of India from Prompt Corrective Action restrictions

Reserve Bank of India has removed the Central Bank of India from its Prompt Corrective Action Framework (PCAF) after the lender showed improvement in various financial ratios, including minimum regulatory capital and net non-performing assets (NNPAs). The Prompt Corrective Action norm is a supervis...

September 20, 2022 8:04 PM

Nitin Gadkari emphasises on maintaining equilibrium between ecology, environment and development in the country

Road Transport and Highways Minister Nitin Gadkari today said that India needs development at the same time the protection of the ecology and environment. Speaking at an event in New Delhi on Climate Goals, the Minister said that today India imports fourteen to sixteen lakh crore rupees of fossil fu...

September 20, 2022 8:03 PM

India to be driven more and more by digitisation of banking and related services, says FM Sitharaman

Finance Minister Nirmala Sitharaman has said that the future of finance in India is going to be driven more and more by the digitization of banking and related services. She said, the digitization has helped bring greater ease of financial services in terms of banks, financial institutions and custo...

September 20, 2022 2:22 PM

Russian-Ukraine conflict affected grain export, bread price rises

In the European Union, the price of bread rose by almost a fifth in August as grain export disrupt due to Russia-Ukraine conflict. According to media reports, global wheat prices have surged since February, after the conflict halted grain exports from the Black Sea for months. It also restricted fer...

September 19, 2022 8:18 PM

GeM surpassed milestone of One Lakh Crore rupees of procurement value in last fiscal

September 19, 2022 6:30 PM

Asian Market: stock falls as investors fled risk-driven assets ahead of U.S. Federal Reserve meet

September 19, 2022 6:29 PM

Currency: Rupee weakens three paise at Rs 79.77 against US dollar

In the forex market, the rupee today weakened three paise against the US dollar. The domestic currency closed at 79 rupees and 77 paise against the American Unit. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, rose 0.17 percent t...

September 19, 2022 6:28 PM

Global crude oil prices fall around two and half percent in intra-day trade

Global crude oil prices today fell around two and half percent in intra-day trade. The crude prices declined pressured by expectations of weaker global demand and U.S. dollar strength ahead of a possible large interest rate increase. On the other hand, supply worries limited the decline. Brent crude...

September 19, 2022 2:06 PM

GeM facilitated over one crore transactions valued at over Rs 3 lakh crore, says Deputy CEO A V Muraleedharan

Deputy CEO of Government e-Market Place (GeM) A V Muraleedharan says the heterogeneous nature of public procurement portal's seller base reflects on the founding pillar of inclusivity. Addressing a Seller Samvad organised in Kochi today, he said starting from big companies and conglomerates...

September 18, 2022 9:03 PM

Gross Direct Tax Collection registers growth of 30% in 2022-23 to 8.36 Lakh Crore rupees

The gross direct tax collections has registered a growth of 30 percent in the current financial year in comparison to 2021-22. Finance Ministry said, as on 17th of this month, the gross collection of direct taxes in 2022-23 is at over eight lakh 36 thousand crore rupees compared to over six lakh 42 ...

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