India added $47.5 billion to the foreign exchange reserves last fiscal year, down nearly half of the previous year. Nearly $26 billion of those incremental reserves were due to the sanction of Special Drawing Rights by the ... ... account because of the slowdown in the pile-up ofreserves, which assumes significance as foreign investment is slowing as central banksof advanced economies raise rates to fight rising inflation and the prospect of a wider current account deficit will put ...
... recommended that the exemption for GST can be extended to include bread as well as hearing aids, educational institutions, incense sticks, utensils, tractors, and agri-related machinery. It suggested phasing out the tax exemption on services provided by
the Securities and Exchange Board ofIndia
Sebi and withdrawing the GST exemption for cheques loose or in book form, and favoured a GST rate of 18%. The council has accepted recommendations from the
on GST reforms headed by Maharashtra ...
... SCB deposits was down to 10 per cent year-on-year, compared to an increase of 11.9 per cent a year ago,
data showed. During 2021 -- 2022 current, savings and term deposits rose by 10.9 per cent, 13.3 per cent and 7.9 per cent, according to
. On Tuesday, the
released data on Deposits with Scheduled Commercial Banks -- March 2022. Interest rates on term deposits were more moderated during fiscal 2021 -- 22, despite the monetary and liquidity conditions. The share of term deposits ...
... transactions from July 1.
According to a gazette notification by
the Central Board of Direct Taxes
the Ministry of Finance
, no lease or supplement lease rent... ... 13 leasing companies at the
. The government and the regulatory bodies, like
, will have to do more by incentivising banks to fund the transactions, opined... ... business here when the policy is not complemented by financing? There is a provision in India under Alternative Investment Fund Category-II, but where is equity support? Caladrius...
The ReserveBankofIndia's financial stability report has revealed that 44 per cent of the private sector's external commercial borrowings ECBs are unaffected by currency fluctuations.
financial stability report has revealed that 44 per cent ...
The government has kept interest rates unchanged on small savings schemes, including NSC and PPF, for the second quarter of 2022, 23 due to high inflation and rising interest rate.
The government has kept interest rates unchanged on small savings ... ... interest rate for the one-year term deposit scheme will be 5.5 per cent in the second quarter.
The country's biggest lender
raised interest rate on one-year fixed deposit 5.10 per cent after two consecutive increases in benchmark rate by 90 ...
The big concern for major economies is to push growth as a result of the soaring inflation across the world.
The big concern for major economies is to push growth as a result of the soaring inflation across the world. India is no different.
and the government are not leaving a stone unturned in the pursuit of curbing inflation. Different economists have different views on India's GDP growth forecasts. Here is what economists think about India's growth rate in FY 23.
The growth ...
The ReserveBankofIndia said in its Financial Stability Report that the Indian banking system and non-banking finance companies are in fine fettle as they are likely to meet the capital norms even in the most severe stress case.
The ReserveBankofIndia said in its ...