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RBI's services, infra outlook survey to assess business situation of fourt
Updated : 3 years, 2 months ago IST
The survey assesses the business situation for the current quarter (Q4:2022-23) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q1:2023-24) based on qualitative responses on a set of indicators pertaining to demand c
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States' fiscal health has improved from sharp pandemic-induced deteriorati
Updated : 3 years, 2 months ago IST
The report said that gross fiscal deficit (GFD) is budgeted to decline from 4.1 per cent of gross domestic product (GDP) in 2020-21 to 3.4 per cent in 2022-23.
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Innoviti Technologies Becomes India's First SaaS Platform to Enable Offlin
Updated : 3 years, 2 months ago IST
Bengaluru (Karnataka) [India], January 16 (ANI/PRNewswire): Aligning to RBI's initiative to drive credit growth on UPI, Innoviti Technologies (formerly, Innoviti Payment Solutions), India's largest collaborative commerce platform, has enabled credit card transactions on Unified Payments Inte
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Paytm Payments Bank gets final nod from RBI to operate Bharat Bill Payment
Updated : 3 years, 2 months ago IST
Paytm Payments Bank Limited (PPBL) received final approval from the Reserve Bank of India to operate as Bharat Bill Payment System services under the Payment and Settlement Systems Act, 2007, said a press release on Monday.
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India's wholesale inflation moderates further to fall below 5 pc
Updated : 3 years, 2 months ago IST
The wholesale price index (WPI)-based inflation had been in double digits for 18 months in a row till September.
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Need to promote energy security to 'oil-proof' Indian economy from adverse
Updated : 3 years, 2 months ago IST
The paper lays thrust on the need for a policy for promoting energy security and sustainability.
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RBI imposes penalty of Rs 30L on Delhi-based Bahadur Chand Investments
Updated : 3 years, 2 months ago IST
This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers, RBI said.
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What experts have to say about further easing retail inflation
Updated : 3 years, 2 months ago IST
India's retail inflation rate based on Consumer Price Index was 5.88 per cent in November from 6.77 per cent during October. Retail inflation in India had remained above 6 per cent till October for over three quarters, which was beyond RBI's comfort zone.
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India's forex reserves dip by USD 1.3 bln in first week of 2023
Updated : 3 years, 2 months ago IST
According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, declined by USD 1.747 billion to USD 496,441 billion.
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Home Loan Interest Rates Are Rising. How Does It Affect You
Updated : 3 years, 2 months ago IST
New Delhi [India], January 13 (ANI/ATK): With rising costs, different financial institutions have increased the interest rate on home loans. This can turn out to be an additional burden on your finances and lead to disruption of your monthly budget. This can lead your family to compromise
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India's retail inflation eases to 5.72 pc in December
Updated : 3 years, 2 months ago IST
Retail inflation in India was above 6 per cent till October, which was beyond RBI's comfort zone.
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EnKash gets RBI's in-principle nod to operate as payment aggregator
Updated : 3 years, 2 months ago IST
Payment aggregators are intermediaries playing an important function in facilitating payments in the online space.
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