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September 22, 2023 7:44 AM
Reserve Bank of India has proposed changes in the instructions dealing wilful defaulters. In a press release, the RBI said, wilful defaulters must be defined as someone who has an outstanding amount of 25 lakh rupees and above and those who refuse to repay their loans despite having the capacity to ...
September 21, 2023 6:15 PM
Asian stocks ended in RED as South Korea's Kospi indices slumped 1.7 percent, Japan's Nikkei-225 declined 1.3 percent, Hong Kong's Hang Seng index and Singapore's Straits Times both fell 1.2 percent, and China's Shanghai Composite index slipped 0.7 percent. &nb...
September 21, 2023 6:14 PM
Gold was trading down today at Multi Commodity Exchange for October contracts. The precious fell 544 rupees, to trade at 58,861 rupees per ten grams. Silver futures for December also slipped 843 rupees, to trade at 72,387 rupees per kilo when reports last came in. In the global markets, g...
September 21, 2023 5:23 PM
Crude oil prices slip to $92 per barrel as Fed pauses on hikes again. The US Fed held interest rates steady today while indicating one more hike before the end of 2023 and fewer rate cuts in the next year. In intra-day trade, Brent crude was trading down by 1 dollar at 92 dollars and 53 c...
September 21, 2023 5:18 PM
U.S. stock index futures declined as growth stocks took a hit from a jump in Treasury yields after the Federal Reserve held interest rates steady while hinting at another hike this year. The Nasdaq Composite index slumped 1.5 percent, the S&P 500 slipped 0.9 percent and the Dow...
September 20, 2023 7:14 PM
Wall Street ended lower yesterday amid risk-off sentiment weighing as the U.S. Federal Reserve convened for its much-anticipated two-day monetary policy meeting. The Nasdaq Composite index and the S&P 500 both slipped 0.2 percent each. The Dow Jones Industrial index fell 0.3 percent....
September 20, 2023 5:09 PM
The Rupee, hovering near a record low, is expected to remain under pressure amid focus on crude oil prices and the U.S. Federal Reserve's policy decision. In the forex market, the rupee today closed 20 paise lower at 83 rupees and 07 paise against the US dollar. Th...
September 19, 2023 7:55 AM
India's direct tax collection recorded over eight lakh 65 thousand crore rupees (till mid september of this financial years) which is 23.51 percent higher than the corresponding period of last year. The Direct Tax collection for the last financial year stood at seven lakh 416 crore rupees. The ...
September 18, 2023 9:32 PM
The Gross Direct Tax collections have witnessed robust growth of 18.29 percent so far in this financial year with over nine lakh 87 thousand crore rupees. In the last financial year, over eight lakh 34 thousand crore rupees gross direct tax collections were recorded. In a statement, the Min...
September 18, 2023 7:58 PM
Reserve Bank of India has said that any reversion to the Old Pension Scheme (OPS) from the New Pension Scheme (NPS) by the States would be fiscally unsustainable, though it may result in an immediate fall in their pension outgo. It also said that at a time when most of the countries are mo...
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