Economy

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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New Delhi: Union Finance Minister Nirmala Sitharaman will hold a review meeting with public sector banks (PSBs) today to discuss a range of issues, including follow up on transmission of monetary policy rates. Besides, doorstep banking…
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Bhubaneswar: As the developing nations are staring at an imminent economic slowdown in the coming days due to various reasons, Odisha seems to be doing well and can weather the slowdown on its own with systematic management of resources and…
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New Delhi: The Indian rupee today fell sharply against the US dollar as oil prices jumped up  after drone attacks on Saudi Arabia's oil infrastructure. The rupee fell to as much as 71.42 a dollar as compared to its previous close of 70.92.…
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New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday announced a new scheme -- Remission of Duties or Taxes on Export Product (RoDTEP) -- to incentivise exporters at an estimated cost of Rs 50,000 crore to the exchequer. The…
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New Delhi: On the wake of what looks like the economic slowdown, worst in last 7 years, the International Monetary Fund (IMF) Thursday said India’s economic growth is “much weaker than expected” due to “corporate and environmental…
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New Delhi: Maruti Suzuki today announced to shut down its passenger vehicle manufacturing operations at Gurugram and Manesar plants for two days on 7th September and 9th September 2019. Both days will be observed as no production days.…
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New Delhi: A Memorandum of Agreement has been signed between the Employees’ State Insurance Corporation (ESIC) and SBI today in accordance with which, the SBI would provide e-payment services directly to the bank accounts of all ESIC…
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New Delhi: The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Infusion of Rs 4,557 crore by Government in IDBI Bank
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