RBI Hikes Lending Rate By 35 Bps To 6.25%; Home, Auto Loans To Be...
Mumbai- The Reserve Bank on Wednesday expectedly raised the benchmark lending rate by 35 basis points (bps) - the fifth increase since May -...
World Bank Revises Upwards India’s GDP Growth Forecast To 6.9% For FY23
New Delhi- The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy...
Fitch Expects Windfall Tax To Be Phased Out In 2023
NEW DELHI- Fitch Ratings on Tuesday said it expects the five-month-old tax on windfall profits made by oil companies to be phased out in...
Global Airline Industry Set To Post $6.9 Billion Loss In 2022: IATA
Geneva- The global airline industry is projected to report a lower loss at USD 6.9 billion in 2022, mainly due to stronger passenger yields and cost control...
Sebi Relaxes Rules For Govt For PSU Disinvestment
Mumbai- Capital markets regulator Sebi can calm down regulatory norms for the central government in relation to strategic disinvestment of public sector undertakings (PSUs),...
J&K Plans To Set Up Incubator For Cybersecurity-Related Startups
Jammu- Jammu and Kashmir administration is planning to set up a dedicated incubator for cybersecurity-related startups to promote local industries.Under its recently launched Cyber...
GST Council To Consider Decriminalisation Of GST Law In Dec 17 Meet
NEW DELHI- The GST Council in its next meeting is likely to discuss the decriminalisation of offences under GST law, along with raising the...
India’s Services Sector Output Growth Hits 3-Month High In Nov On Strong Demand
New Delhi- India's services sector output growth touched a three-month high in November as business inflows rose markedly amid accommodative demand conditions, a monthly...
PAN Number Likely To Be Used As Unique Identifier For Businesses For Single-Window Clearance
NEW DELHI- The government is considering to allow businesses to use Permanent Account Number (PAN) instead of other data as a unique identifier for...
RBI Likely To Moderate Interest Hike: Experts
New Delhi- After three back-to-back 50 basis points hike in interest rates, the Reserve Bank may opt for a lower rate increase of 25-35...