Economy

Mumbai: In a major blow to the reputation of India’s largest public sector bank, State Bank of India (SBI) has under-reported bad loans by ₹11,932 crore in FY19, a Reserve Bank of India (RBI) risk assessment report said. The central bank…
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New Delhi: Much to the disappointment to the Modi government, the economic growth took a plunge to 4.5%, its slowest pace in more than six years in July-September period, official data showed on Friday. The Gross Domestic Product (GDP)…
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New Delhi: Global sales of smartphones to end users continued to decline in the third quarter of 2019, contracting by 0.4% compared with the third quarter of 2018, according to Gartner, Inc. Demand remained weak as consumers became more…
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New Delhi: Car sales in India were down 6.34% to 1,73,649 units during October 2019, sales of Utility Vehicles was up 22% to 1,00,725 units. Van sales declined 35% to 10,653 units, according to data released by the Society of Indian…
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SBI Mutual Fund is the asset management company associated with State Bank of India. SBI Mutual Fund has a variety of mutual funds. How diverse are SBI Mutual Fund’s schemes? The schemes that SBI mutual funds offer include large cap, small…
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With the global economy in the grips of a “synchronized global slowdown” — that will result in slower growth for 90% of the world this year — the effect will be more pronounced in some of the largest emerging economies like India, the new…
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New Delhi: The Reserve Bank of India has cut the Repo Rate by 25 basis points, taking it down from 5.40% to 5.15%. The Reverse Repo Rate will also get adjusted to 4.90% and bank rate at 5.40 %, accordingly. The Monetary Policy Committee in…
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New Delhi: The Central Government has reconstituted the Economic Advisory Council to the Prime Minister (EAC-PM) for a period of two years with effect from September 26, an official release said. Dr. Bibek Debroy and Shri Ratan P. Watal…
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New Delhi: In a significant development, the Reserve Bank of India or RBI has put restrictions on the amount depositors of Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) can withdraw from their accounts with the urban…
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New Delhi: In a major relief to the corporate sector, the government of India has slashed the Corporate Tax for Domestic Companies to 25.17 percent from the existing 30 percent. Finance Minister Sitharaman has announced that a domestic…
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