Finance Ministry to model annual budget around the interim budget

A full-year budget will be presented by the Finance Minister Nirmala Sitharaman, on July 5. Finance ministry has said that it would use the interim budget allocations made to... Read more »

World Bank says India’s projected growth forecast is at 7.5%;

India is all set to grow by 7.5 per cent in the next three years supported by robust investment and private consumption, the World Bank has said. The Bank... Read more »

Bank fraud reaches Rs 71,500 crore in 2018-19, says RBI; CBI starts the investigation

Around 6,800 cases of bank have been caught in a whopping Rs 71,500 crore fraud in 2018-19, the Reserve Bank of India has said. A total of 5,916 such... Read more »

PSU banks steady as capital infusion by government underway

Shares of PSU banks saw strong gains in an otherwise weak market on Tuesday. Reports have surfaced that the finance ministry is expected to infuse Rs 40,000 crore in state-owned banks... Read more »

23% urban youth remain unemployment in Q3 of fiscal year 19

Unemployment has rose to a four-decade high of 6.1 per cent in the country, latest figures released by the Ministry of Statistics and Program Implementation (MoSPI) have revealed. But... Read more »

MSME sector looks for cheaper finance, incentives in budget

As per the GST refunds, unfavourable forex and end of trade privilege to Indian firms, the micro, small and medium enterprises (MSME) sector wants the government give incentives to... Read more »

RBI to cut interest rate by 25 bps Thursday; to work on economic slowdown

The Reserve Bank will slash rates for the third time in a row, based on the economic growth which dropped to a five-year low in the final quarter of... Read more »

Nirmala Sitharaman to deliver union budget for FY20 on July 5

The newly appointed union finance minister Nirmala Sitharaman will present the full-year budget for 2019-20 on July 5 in the Lok Sabha. This will be the first budget of... Read more »

RBI to opt for a legal view on Kotak Mahindra Bank’s promoter holding issue

The Reserve Bank of India (RBI) will seek a legal opinion in the Kotak Mahindra Bank’s promoter holding issue. The Bombay High Court last month adjourned its hearing of... Read more »

FPIs divest Rs 4,375 crore in May so far

Foreign investors have removed a net amount of Rs 4,375 crore from the Indian capital markets in May so far, driven by global and domestic factors. Before this, overseas... Read more »