New Delhi, Jul 7 (KNN) Lower crude oil prices are giving Reserve Bank of India (RBI) and other Asian central banks more policy space to support growth, with softer energy inflation easing balance of payments (BoP) pressures, according to a report by Standard Chartered. The global bank said falling oilContinue Reading
New Delhi, Jul 14 (KNN) The government has asked public sector banks to step up efforts to mobilise foreign currency deposits from non-resident Indians (NRIs) as part of measures to strengthen India’s foreign exchange reserves and support the rupee. Government Pushes NRI Deposit Mobilisation At a meeting on Monday, FinanceContinue Reading
New Delhi, Jul 22 (KNN) The Insolvency and Bankruptcy Code (IBC) has facilitated the resolution of 1,419 Corporate Insolvency Resolution Processes (CIRPs) since its inception, resulting in recoveries of Rs 4.32 lakh crore for creditors as of March 31, 2026, the government informed the Rajya Sabha. Replying to a question,Continue Reading
New Delhi, Aug 3 (KNN) India’s wholesale price index (WPI)-based inflation rose to 9.87 per cent in June from 9.68 per cent in May, driven largely by higher prices of globally sensitive commodities, the government informed Parliament on Monday. In a written reply in the Lok Sabha, Minister of StateContinue Reading
New Delhi, Aug 14 (KNN) The Comptroller and Auditor General (CAG) has detected 1,334 cases of Goods and Services Tax (GST) non-compliance in the works contract and construction sector involving Rs 401.42 crore, according to its latest report tabled in Parliament. The Central Board of Indirect Taxes and Customs (CBIC)Continue Reading
New Delhi, Aug 26 (KNN) The Indian economy remains resilient despite geopolitical tensions, renewed US tariffs and global trade uncertainties, with strong domestic demand and recovering manufacturing and services supporting growth, according to the RBI’s latest State of the Economy article. Improving monsoon conditions and recovering capital inflows are alsoContinue Reading
New Delhi, Sep 16 (KNN) Union Finance Minister Nirmala Sitharaman said the Centre’s structural tax reforms are aimed at reducing tax litigation at its source rather than merely clearing existing dispute backlogs, and urged industry and policy researchers to submit workable, quantified alternatives for further reforms. Speaking at the 8thContinue Reading
