BUSINESS
New Income Tax Bill to Be Tabled in Parliament Next Week
The bill, which was approved in the Cabinet meeting presided over by Prime Minister Narendra Modi on Friday, will be introduced in the Parliament next week before it is sent to the Parliament's Standing Committee on Finance.
India's Forex Reserves Climb for Second Straight Week, Gold Reserves Increase
The country's gold reserves rose by $1.242 billion to $70.893 billion during the week. SDRs went up by $29 million to $17.889 billion, the apex bank said.
India Poised to Achieve Record $800 Billion in Exports for FY25
According to the Union Commerce and Industry Minister, Piyush Goyal, exports have been growing and have risen significantly in the last four years.
India Capable of Achieving 7%+ Growth Rate, Says RBI Governor
Reserve Bank of India in its bi-monthly monetary policy on Friday projected 6.7 per cent growth for financial year 2025-26, up from 6.4 per cent estimated for the current fiscal.
PLI Scheme Attracts ₹27,106 Crore Investment for Specialty Steel
Out of this amount, Rs. 18,848 crore have been achieved till December 2024, Minister of State for Steel Bhupathiraju Srinivasa Varma told Parliament on Friday.
RBI Postpones LCR Norms by a Year, Providing Major Relief to Banks
He said that the step has been taken as the earlier deadline of March 2025 does not give sufficient time for the implementation of these guidelines. The RBI does not want a disruption in the financial system and will ensure a smooth transition, he added.
Swiggy Shares Decline for Fourth Consecutive Day, Fall Below IPO Price
According to market experts, the company's shares are falling because of the investors' reaction to the higher-than-expected losses reported by the company in the third quarter (Q3 FY25).
RBI Launches bank.in & fin.in Domains to Combat Digital Payment Fraud
This measures would reduce cybersecurity threats and malign activities such as phishing; this would also aid in streamlining secure financial services, thereby uplifting trust in banking and payment service through digital networks.
RBI Revises 2025-26 Real GDP Growth Forecast to 6.7%
It also expects CPI inflation to moderate to 4.4 percent in the fourth quarter of the current financial year and decline further to 4.2 percent in 2025-26.
Sensex, Nifty Remain Steady as RBI Lowers Repo Rate by 25 bps
Both the indices recorded little movement after gains in the metal stocks offset declines in ITC Ltd, Reliance Industries Ltd and a few banking and financial stocks.
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