The country remains mired in political and economic crises, amid punishing inflation that neared 38 per cent in May. On Monday, the central bank left its benchmark rate unchanged at a record-high 21 per cent, saying it thinks inflation has "peaked."
The Chinese national identified as Feng Changwen, had only been in Nepal for two days and was detained by airport security on June 5. On investigation it was found that Changwen had deposited millions of rupees in a bank in Nepal.
China has been tackling a sharp decline in prices with factories getting less for their products from key overseas markets. The producer price index (PPI) for May reduced by 4.6 per cent, witnessing a decline for an eighth consecutive month, Gulf Today reported citing the National Bureau of
Trinamool Congress (TMC) leader Sayantika Banerjee's convoy was allegedly attacked by Bharatiya Janata Party (BJP) in the Joypur area of Bankura on Monday.
The Centre and the Asian Development Bank (ADB) have signed a USD 130 million loan to increase agricultural productivity, improve access to irrigation and promote horticulture agribusinesses to raise farmers' income in Himachal Pradesh.
Union Commerce Minister Piyush Goyal said that the Reserve Bank of India and Central Bank of the UAE are in active dialogue for a Rupee-Dirham trade mechanism.
Kochi (Kerala) [India], June 12: Many people migrate in search of better education, and this is also true for Indian students. The total of Indian students studying abroad has been increasing by 40 per cent annually, a significant trend. Indian students prefer studying abroad to settle down
Six commercial banks have announced that they have reduced the rate for demand deposits from 0.25 per cent to 0.2 per cent. The banks have reduced the interest rates on deposits covering a fixed period of time.
Delhi's Rohini Court has granted bail to a man accused in a case of cheating of lakhs of rupees on the pretext of providing government jobs including banks.
Delhi NCR [India], June 10: The recent decision by the Reserve Bank of India (RBI) not to hike the repo rate unchanged has been met with appreciation. While the current rate of 6.5 per cent is at its highest in four years and impacts affordable housing, the momentum gained by the realty sect
Pune (Maharashtra) [India], June 10: Securing a loan can be a cumbersome process, requiring individuals to meet various eligibility parameters, assemble numerous documents, visit lender branches, and complete application procedures before getting loan approval. Addressing these challenges he