Reserve Bank of India (RBI) rules allow banks to hold up to 50% stakes in insurers and on a selective basis equity holdings can be higher but must eventually be brought down within a certain period

BJP leader and Rajya Sabha MP Subramanian Swamy said that India's Q3 GDP growth would have been -10 per cent using Laspeyres Price Index Number and -15 per cent using Paasche Index, provided guesstimate of negative growth in MSMEs and informal sector were added to GDP

The E-Daakhil portal empowers the consumer and their advocates to file the consumer complaints along with payment of requisite fees online from anywhere for the redressal of their complaints

The E-Daakhil portal empowers the consumer and their advocates to file the consumer complaints along with payment of requisite fees online from anywhere for the redressal of their complaints

Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2020-21 is estimated to attain a level of Rs 134.09 lakh crore, as against the first revised estimate of GDP for the year 2019-20 of Rs 145.69 lakh crore.

Without the base revision, GDP growth would have declined 0.6 per cent in December quarter, noted Motilal Oswal

GDP at Constant (2011-12) Prices in Q3 of 2020-21 is estimated at Rs 36.22 lakh crore, as against Rs 36.08 lakh crore in Q3 of 2019-20, showing a growth of 0.4 per cent, government data showed

Private wealth creators are solely responsible for India's banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages

Stock Market News Updates Today: Airtel, HDFC twins, ICICI Bank, Kotak Mahindra Bank, Infosys, IndusInd Bank and Axis Bank were trading among the top gainers. Today, Sensex hit a record high of 52,235 and Nifty hit a lifetime high of 15,340

India needs to collect and declare credible data on stressed assets, identify sectors and companies where these are accumulated and be transparent in insolvency resolution before jumping to a new mechanism

As per PHDCCI, nine out of the 10 indicators of QET (Quick Economic Trends) of economic and business activity tracked by the agency, have performed positive

Muted salary hikes in 2021, pay to rise only 1 per cent: survey After job losses and paycuts in 2020, the year 2021 is being welcomed with hope and optimism. But, as many sectors are still recovering from the impact of the pandemic, the salary hikes for the year are still muted. The year 2020 saw an average actual increase of 5.9 per cent in salaries. According to a salary survey by Willis Towers Watson, the projected salary rise to be given to Indian workforce in 2021 is at an average of 6...

The government is constructing highways at a pace of 30 km per day in the current fiscal against an average daily construction of 21.71 km in the previous financial year, despite the disruptions caused due to the Covid-19 pandemic

He claimed that the budget for 2021-22 has failed as even a small amount of cash transfer has not been given to the poor and the rations are not being continued with

Several NRIs, stuck in the country due to Covid-19 travel restrictions, have been seeking relief from paying income tax under the residency criteria

RBI's database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy

In the current fiscal, it has been raised massively from Rs 61,500 crore to Rs 1,11,500 crore to create additional jobs in the rural areas for those who had lost employment due to the outbreak of the COVID-19 pandemic, Thakur said

In the current fiscal, it has been raised massively from Rs 61,500 crore to Rs 1,11,500 crore to create additional jobs in the rural areas for those who had lost employment due to the outbreak of the COVID-19 pandemic, Thakur said

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

Little attention to direct income support, health and education deprivations, and revival of small businesses will keep the demand and production of goods and services depressed in FY22