RBI opens NDS-OM platform to boost retail participation in G-Sec market
The RBI move is intended to expand retail participation in the government bond market.
The RBI move is intended to expand retail participation in the government bond market.
With the fifth-largest geological coal reserves globally and as the second-largest consumer, coal continues to be an indispensable energy source, contributing to 55 per cent of the national energy mix.
Aiming to put more money in the hands of the middle class and simplify the whole filing process, the new Income Tax Bill is set to be tabled in the Parliament next week after receiving approval from the Union Cabinet.
These measures collectively aim to strengthen economic growth while maintaining fiscal discipline. On the markets front, Nifty 50 is up 1 per cent, Nifty Midcap is up 0.9 per cent and Smallcap index is up 0.7 per cent.
India is on the path to achieve $800 billion in exports in the 2024-25 fiscal for the first time, according to the government, signalling a robust economy and continued growth across sectors.
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a proposal to increase the dearness allowance (DA) of the central government employees and pensioners by 4 per cent.
Broken rice in transit with certain conditions will be now allowed for exports till October 15, a new notification by the Directorate General of Foreign Trade said late on Tuesday.
The Directorate of Enforcement (ED) has frozen Bitcoins equivalent to worth Rs 12.83 crore under the provisions of the Prevention of Money Laundering Act (PMLA) after an investigation being conducted against one Aamir Khan and others relating to the mobile gaming application -- E-nuggets.
It might be better for the Reserve Bank of India (RBI) to allow the rupee to depreciate a bit, letting it find its natural balance, said Soumya Kanti Ghosh in an SBI research report.
Last week, the ADB revised down its growth forecast from 5.2 percent to 4.3 percent for 2022 and 5.3 percent to 4.9 percent for 2023 for developing economies in the Asia-Pacific region.
