FinMin seeks views from stakeholders over Watal panel report on digital payment

Finance Ministry has invited comments from stakeholders on the Watal committee report on promoting digital payments, which has suggested a separate regulator to deal with issues concerning payment, among others. The committee was set up in August this year to review medium term measures to promote d...

Govt names Professor Viral Acharya as Deputy Governor of RBI

Government today appointed Professor Viral Acharya as Deputy Governor of Reserve Bank of India who is Professor of Economics in a US university. The Appointments Committee of the Cabinet cleared Mr. Acharya's appointment for three years. The RBI had a vacancy for deputy governor after Urjit...

Sensex trading higher at 26,283, Nifty at 8061

The benchmark BSE Sensex was trading higher by 70 points at 26,283, a short while ago. NSE Nifty was also trading higher by 28 points at 8061.Meanwhile in the forex market, rupee weakened by another 15 paise to 68.21 against US dollar in early trade today.

Rupee weakens by 15 paise to 68.21 against dollar

Rupee weakened by another 15 paise to 68.21 against the dollar in early trade at the Interbank Foreign Exchange market on increased month-end demand for the US currency from importers amid sustained foreign fund outflows. Yesterday, the rupee had dropped by 32 paise to close at 68.06 against the dol...

No tax imposed on farm produce till BJP govt in power: Radha Mohan

No tax imposed on farm produce till BJP govt in power: Radha Mohan

No tax imposed on farm produce till BJP govt in power: Radha Mohan

Union Agriculture minister Radha Mohan Singh said, there will be no tax imposed on farm produce till BJP led government is in power, but the people who save tax under the name of agricultural earning will not spared. He was speaking at the concluding ceremony of the four-day state-level agricultural...

RuPay card usage at PoS terminals surges 7 times after demonetisation

Demonetisation has boosted the digital platforms for payment. The National Payments Corporation's RuPay card usage at merchant terminals has surged seven times since 8th of November, taking the daily volumes to over 2.1 million.The RBI-administered retail umbrella body for all retail paymen...

Government removes minimum export price on potato

The government has removed the Minimum Export Price (MEP) on potato. Directorate General of Foreign Trade said in a notification that export of potatoes, fresh or chilled is permitted without any MEP. In July, the government had imposed MEP of 360 dollar per tonne on potato to increase domestic avai...

Sensex closes up 406 points to reclaim the 26,000-mark as equities rebound

The Sensex at the Bombay Stock Exchange surged 406 points, or 1.6 percent, to close at 26,213. The Nifty at the National Stock Exchange climbed 125 points, or 1.6 per cent, to 8,033.