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-
Monetary, credit conditions conducive for durable economic recovery: RBI
While recovery has gained strength, the speed and pace of improvement remains uneven across different sectors of the economy, the report said. -
Economy on durable path of recovery, says RBI article
The Indian economy is on the path of a durable recovery on the back of conducive monetary and credit conditions, the global headwinds notwithstanding, said a Reserve Bank of India (RBI) article on the state of the economy. -
Centre doubles November tax devolution amount for states
The Centre will release Rs 95,082 crore to states onn November 22 as tax devolution amount, finance minister Nirmala Sitharaman announced on Monday. Briefing the media after a virtual meeting with chief ministers and finance ministers of different states, Sitharaman said states had said that it would be helpful for them if the tax devolution is front loaded. -
Amazon investigates use of platform for sourcing marijuana
The accused were operating the racket through a leading e-commerce firm, which received two-thirds of the profits generated, as per the official. -
Centre to front-load devolution to states this month, says Finance Minister
Sitharaman said that there were key ideas from states like the way in which project approvals are given should be streamlined, and the need for better forums of dispute mechanism. There were also suggestions on trade policies for the North East and the need for off-shore wind energy generation, she said. -
Doing online transactions? Know what will happen to money if IFSC code is wrong
The IFSC code is used in online banking systems such as NEFT, IMPS, and RTGS. -
Singapore to have ‘vaccinated travel lane’ with India from Nov 29
Singapore will finally be reopening its doors for fully vaccinated travellers from India starting January 29 through a “vaccinated travel lane” (VTL). Travellers under VTL are not subject to stay-home notice (SHN) on arrival. Instead, they need to produce a negative pre-departure test taken within two days prior to departure and undergo an on-arrival PCR test, says the island nation’s health ministry. -
Exports jump 43% to $35.65 billion in October, imports soar 62%
India's exports rose by 43 per cent to $35.65 billion in October while trade deficit widened to $19.73 billion during the month, according to the official data released on Monday. -
After 5 years of DeMo, cash in circulation at near peak in 2021: Report
Despite the overall increase in the formalisation of the economy in the past five-six years, the key component of an informal economy -- cash in circulation (CIC) as a percentage of GDP -- has continued to rise year after year, barring in the year of note ban in 2016 when it fell to 8.7 per cent, according to a report. -
India allows quarantine-free entry for travellers from 99 countries
India now allows fully vaccinated (with approved jabs) arrivals from 99 countries — including US, UK, UAE, Qatar, France and Germany — to travel quarantine-free here. Apart from a negative report from a Covid test taken within 72 hours of departure to India, travellers from these 99 countries (called Category A) will also need to upload their fully vaccinated certificate on the Air Suvidha portal. -
14 million tons a day show why India and China won’t quit coal
There’s a reason India and China defended coal’s future at the Glasgow climate summit: No nations have added more coal-fired power-plant capacity in the past decade than these two major emitters. -
Bank Holidays in November: Banks to remain shut for 6 days from today; Full list here
Private and public sector banks will close their doors for up to six days in the second half, which begins on November 15. -
THIS old coin can fetch Rs 5 lakh online; here’s how
If you have an old 2 rupee coin, you can win up to Rs 5 lakh online. -
WPI inflation accelerates to 5-month high of 12.54% in October
Annual wholesale price-based inflation, a proxy of producers' prices, accelerated in October to a five-month high, pushed up by increases in fuel and manufacturing prices, fuelling concerns of rising inflationary pressures for firms. -
Invest Rs 95/day in THIS Post Office Scheme and get Rs 14 lakh on maturity
The Post Office Gram Sumangal Rural Postal Life Insurance Scheme is an endowment scheme, which provides money back as well as insurance cover to the people living in rural areas. -
Covid-19: India allows quarantine-free entry for travellers from 99 countries
India now allows fully vaccinated (with approved jabs) arrivals from 99 countries — including US, UK, UAE, Qatar, France and Germany — to travel quarantine-free here. Apart from a negative report from a Covid test taken within 72 hours of departure to India, travellers from these 99 countries (called Category A) will also need to upload their fully vaccinated certificate on the Air Suvidha portal. -
IBM sets up new business process operations facility in Hyderabad
The new facility will be focused on business process operations across several domains such as finance & accounts, procurement & supply chain, human resources & recruiting, and industry specific processes including risk & compliance. -
UIDAI announces new Aadhaar Seva Kendra in Ghaziabad –Check address, office timings and other details
The new Aadhaar Seva Kendra in Ghaziabad will be open on all 7 days except Public Holidays. -
Crypto finance: Jayant Sinha-led Parliamentary panel to gather views from crypto exchanges, stakeholders
This will be the first meeting on the subject to be convened by the Parliamentary Standing Committee on Finance on the subject, which has generated a lot of interest as well as concerns in various quarters around investment potential and risks. -
Exports on track to reach historic highs, says Piyush Goyal
Commerce and industry minister Piyush Goyal on Sunday said India’s economy was witnessing a bounce-back in every sphere, and the country is well on track to achieve historical highs in goods and services exports. Goyal said India is on course to achieve $400 billion of merchandise exports in the current financial year. -
Companies eye single-window for faster clearances
The proposal by a company looking to set up a vehicle scrappage facility in Gujarat, which promises all clearances in 60 days, may be a test case for the National Single Window System that currently combines 500 approvals from 18 central agencies and 2,500 from 10 states that are currently on board. -
Attention PF subscribers! Check detailed steps on how to seed or update KYC details with UAN
PF Subscriber can very easily update these KYC details with his/her UAN online via EPFO's UAN portal. -
Sensex jumps over 300 points in early trade; Nifty near 18,200
The 30-share index was trading 315.89 points or 0.52 per cent higher at 61,002.58 in initial deals. Similarly, the Nifty rose 90.30 points or 0.50 per cent to 18,193.05. -
'I keep forgetting that you're still alive', Elon Musk slams Bernie Sanders on Twitter over tax
Musk responded to the 80-year-old Vermont Senator by saying: "I keep forgetting that you're still alive" and later raised the possibility of selling more Tesla shares, which would require him to pay taxes. Want me to sell more stock, Bernie?" -
SBI Video Life Certificate: No need to visit bank branch, check the step by step process to do it via video call
Pensioners can schedule a video call with SBI staff from the comfort of their homes and complete the process of life certificate submission. -
Musk spars with Bernie Sanders, offers to sell more Tesla stock
"We must demand that the extremely wealthy pay their fair share. Period," Sanders wrote on Twitter. Taking a jibe at the 80-year-old senator, Musk responded by saying "I keep forgetting that you're still alive." -
Petrol, Diesel Prices Today, November 15: Fuel prices unchanged for 12th straight day after excise duty cut, check prices in your city
Petrol and diesel prices have remained steady for the twelveth straight day after the Centre lowered excise tax on fuel to bring retail rates down from record highs. -
Fishery subsidy: India to seek fairer deal at WTO
“Naturally, the standards are set by the advanced fishing countries to suit their purpose. So, we think the text is not a balanced or fair text,” said one of the sources. -
Spending more: States improve capex pace, push investment revival
Among the 20 states reviewed, capex by Uttar Pradesh was Rs 23,803 crore in H1FY22, an increase of a whopping 563% on year. Madhya Pradesh’s capex stood at Rs 18,804 crore (up 95%), Telangana at Rs 15,078 crore (135%) and Karnataka at Rs 13,957 crore (26%).
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