The government is seriously pursuing its target of establishing an international aviation hub in India and was already in advanced talks with a couple of Indian carriers and an airport…
Category: Economy
eRupee cannot be converted into cash for now: Report
The central bank digital currency (CBDC) or the eRupee cannot be, currently, converted into cash and vice versa. eRupee will be issued against bank deposits only by the Reserve Bank…
RBI cautions states against reverting to old pension scheme
The Reserve Bank has sounded a note of caution on reversion to the old pension scheme by some states, saying it poses a major risk on the “subnational fiscal horizon”…
India cuts windfall tax on crude, export taxes on aviation fuel and diesel
India has cut its windfall tax on crude oil and exports of aviation turbine fuel (ATF) and diesel, according to a government notification dated Jan. 16. It cut its windfall…
India’s exports in December 2022 dipped by 12.2%; trade deficit at $23.76 bn
India’s merchandise trade deficit in December was largely flat at $23.76 billion compared with $23.89 billion in the previous month, according to a Reuters calculation based on export and import…
88% of India’s ultra-wealthy individuals saw increase in wealth in 2022 despite global crises: Knight Frank’s Wealth Report
Nine out of 10 ultra-high-net-worth individuals in India multiplied their wealth in 2022 much faster than their global counterparts, despite the global cost-of-living crisis and other factors, according to a…
India’s December WPI inflation eases to 4.95%
India’s annual wholesale price-based inflation (WPI) eased in December to 4.95% year-on-year as against 5.85% in November, government data showed on Monday. The reading was lower than the Reuters forecast…
BT Banking & Economy summit: Indian exports will get hit hard if firms don’t comply to global green norms, warn finance veterans
Indian exports across the board will get hit badly if companies in the country don’t comply with green requirements to tap into green and sustainable financing as western nations start…
Dose of caution needed, credit growth may slow down, cautions Axis Bank’s head Amitabh Chaudhry
While the Indian economy is growing despite geopolitical concerns, there is a need to be cautious and be aware of the risks around, said Amitabh Chaudhry, MD & CEO of…
MV Ganga Vilas to cost Rs 12.59 lakh for 51-day trip; PM Modi flags off world’s longest river cruise
It would cost you over Rs 12.59 lakh for a 51-day trip to take the world’s longest river cruise MV Ganga Vilas from Varanasi to Dibrugarh. The ticket price per…