Money & Banking

In the last five fiscal years, from 2016–17 to 2020–21, the government invested Rs 3,10,997 crore to recapitalize banks

Updated : Feb 1, 2023

Budget 2023: Govt may avoid capital infusion announcement for PSU banks

In the last five fiscal years, from 2016–17 to 2020–21, the government invested Rs 3,10,997 crore to recapitalize banks, of which Rs 34,997 crore came from budgetary allocation and Rs 2,76,000 crore via the issuing of recapitalization bonds to these banks

There was no change in personal income tax slabs in the Budget 2022-23.

Updated : Feb 1, 2023

Union Budget 2023: What relief can the middle class expect

According to a Reuters report, the government could introduce revised slabs to make the optional tax regime more attractive. A final decision on the plan will be taken by the Prime Minister’s Office, it said citing top government sources.

With the move, the government aims to reduce imports and boost local manufacturing of these products.

Updated : Jan 11, 2023

Budget 2023: Some items may get costlier as govt plans customs duty hike

Among the items for which duty hike is being considered are private jets, helicopters, high-end electronic items, plastic goods, jewellery, high-gloss paper, and vitamins.

The struggling crypto sector, which saw trading volumes crash 90 per cent after the introduction of the VDA tax last year, expects friendlier policies from the Finance Minister in this year’s Union Budget

Updated : Jan 11, 2023

Budget 2023: Crypto exchanges bat for regulatory framework and lower taxation

The struggling crypto sector, which saw trading volumes crash 90 per cent after the introduction of the VDA tax last year, expects friendlier policies from the Finance Minister in this year’s Union Budget

The GNPAs, which touched a peak in FY18 following the asset quality review, have been declining sequentially to reach 5 per cent in September, the RBI said in the 'Trends and Progress of Banking in India' report for FY22 released on Tuesday

Updated : Jan 3, 2023

Indian banks' GNPAs decline to 5 pc in Sept 2022, but current situation can impact health: RBI

The GNPAs, which touched a peak in FY18 following the asset quality review, have been declining sequentially to reach 5 per cent in September, the RBI said in the 'Trends and Progress of Banking in India' report for FY22 released on Tuesday

SC dismisses pleas challenging 2016 demonetisation

Updated : Jan 4, 2023

Supreme Court dismisses petitions challenging 2016 demonetisation

Justice BV Nagarthana said that it is not here to decide on the merits or demerits of economic and/or financial decisions while adding that the Reserve Bank of India (RBI) is the bulwark of the Indian economy.

Updated : Jan 4, 2023

Bring down interest rates for renewable power, demands Assocham president Sumant Sinha

Sumant Sinha has called for bringing down interest rates for the industry, especially for the domestic renewables sector, which is seeing high rates of 8-10 per cent compared to 3-4 per cent in the western markets

In July this year, the centre hiked gold import duty to 15 per cent from 10.75 per cent to check the current account deficit (CAD) and rising import of the yellow metal

Updated : Jan 4, 2023

Commerce Ministry seeks cut in gold import duty in Budget to push jewellery exports

In July this year, the centre hiked gold import duty to 15 per cent from 10.75 per cent to check the current account deficit (CAD) and rising import of the yellow metal