The Reserve Bank of India (RBI) sold $3.66 billion in the spot foreign exchange market in June, according to the central bank’s monthly bulletin. The central bank reported purchasing $1.16 billion an
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Business
Reduction In GST Rates Have Higher Multiple Effect On Economy, Than Cut In Income Tax: Report
A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital. If the benefits of this cut are passed on
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The Maharashtra Government is considering a proposal to raise the maximum daily working hours for private sector employees to 10 hours a day from the present nine, media reports said. The state labou
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Business
Sensex Crash Today: Indian Equity Indices Decline Sharply Over US Tariff Concerns; Sensex Ends 705 Points Lower
The Indian equity indices fell sharply to end the session nearly one per cent lower on Thursday -- a day after the 50 per cent US tariffs on Indian goods came into effect. Sensex ended the session at
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The resilience of India’s external sector has been a key contributor to its stable macroeconomic environment amid a global trade environment shaped by tariff adjustments and increased uncertainty, acc
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Business
Accident Insurance Cover Of Rs 2L, Overdraft Facility Of Up To Rs 10K For THESE Account Holders
More than 56 crore bank accounts have been opened under the flagship financial inclusion scheme, Pradhan Mantri Jan Dhan Yojana (PMJDY), in the last 11 years, with total deposits amounting to Rs 2.68
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