India’s forex reserves rise by USD 140 million to hit fresh peak of USD 642.63 billion
Mumbai: India’s forex reserves increased by USD 140 million to touch its all-time high of USD 642.631 billion during the week ended March 22, the Reserve Bank said. This is the fifth consecutive week of a jump in the overall reserves. The kitty had increased by USD 6.396 billion to USD 642.492 billion in the […]
I-T notice to Congress is warning to all political parties, says P Chidambaram
Pudukottai (Tamil Nadu): The Income Tax department’s notice to the Congress, imposing a penalty of Rs 135 crore, was a warning to all political parties in the country and the public too, of the BJP’s intention to destroy the parties, former union minister P Chidambaram alleged on Saturday. Meanwhile, the Congress on Friday received fresh […]
My priority will be to invest in local research to safeguard daughters’ lives: PM Modi to Bill Gates
New Delhi: Prime Minister Narendra Modi on Friday said his government wants to allocate funds to scientists for local research in cervical cancer for developing vaccines at a minimal cost to ensure all girls are vaccinated against the serious disease. During an interaction with philanthropist and Microsoft co-founder Bill Gates on a host of issues, […]
Have received fresh I-T notices of over Rs 1,800 Cr, BJP indulging in tax terrorism: Cong
New Delhi: The Congress on Friday said it has received fresh notices from the income-tax department, asking it to pay Rs 1,823.08 crore, and alleged that the BJP is in “serious violation” of income-tax laws for which authorities should raise a demand of more than Rs 4,600 crore from the saffron party. The Congress also […]
MGNREGS wage rates revised, hikes range between 4-10 per cent for different states
New Delhi: Wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme have been revised, with hikes ranging between four and 10 per cent for different states. Haryana has the highest wage rate for unskilled workers under the scheme at Rs 374 a day, while Arunachal Pradesh and Nagaland have the lowest at Rs 234, […]
Fiscal deficit at Feb-end touches 86.5% of full-year target: Govt data
New Delhi: The government’s fiscal deficit at Rs 15 lakh crore touched 86.5 per cent of the revised annual target at the end of February, according to official data released on Thursday. In the corresponding period last year, the fiscal deficit or gap between the expenditure and revenue was 82.8 per cent of Revised Estimates […]
Govt plans to borrow Rs 7.5 lakh cr from market in first half of FY25
New Delhi: The Centre is planning to raise Rs 7.5 lakh crore through market borrowing in the April-September period of 2024-25 to fund the revenue gap to push economic growth, the finance ministry said on Wednesday. Out of gross market borrowing of Rs 14.13 lakh crore estimated for 2024-25, Rs 7.5 lakh crore, or 53 […]
India can push growth close to 9% by implementing a few more reforms in next 5 years: Panagariya
New Delhi: India can realistically push its economic growth close to 9 per cent from the current 7 per cent or so, by implementing a few more reforms in the next five years, Chairman of the 16th Finance Commission Arvind Panagariya said on Wednesday. Panagariya said Prime Minister Narendra Modi worked hard over the past […]
India’s CAD dips to USD 10.5 billion in October-December: RBI
New Delhi: India’s current account deficit declined to USD 10.5 billion or 1.2 per cent of the GDP in October-December quarter from USD 11.4 billion in the previous three months and USD 16.8 billion a year back, the Reserve Bank of India (RBI) said on Tuesday. Net FDI inflow at USD 8.5 billion during April-December […]
Atal Pension Yojana poorly designed: Cong; Sitharaman hits back
New Delhi: Hours after the Congress dubbed the Centre’s Atal Pension Yojana as a “poorly-designed scheme” that “hoodwinks and coerces” people into participating in it, Finance Minister Nirmala Sitharaman on Tuesday hit back at the grand old party accusing it of “hoodwinking” people in the name of vote bank politics. Congress general secretary Jairam Ramesh […]
