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  RBI rules out review of action against Paytm Payments Bank, to issue FAQ this week

  February 12, 2024 21:02 IST

  Reserve Bank of India Governor Shaktikanta Das said there was "hardly any room" to review the action taken against Paytm Payments Bank.

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  Retail inflation eases to 3-month low of 5.1 pc in January 2024: Govt data

  February 12, 2024 18:41 IST

  The Reserve Bank of India has been tasked by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

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  UPI, RuPay go global: Sri Lanka, Mauritius join India's digital payment revolution | WATCH

  February 12, 2024 14:31 IST

  Mauritian PM Pravind Jugnauth and Sri Lanka's President Ranil Wickremesinghe joined Modi at the virtual ceremony. The launch of the Indian services in Sri Lanka and Mauritius came amid New Delhi's increasing bilateral economic ties with the two countries.

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  Govt examining foreign direct investment flow from China in Paytm Payments Services: Sources

  February 11, 2024 19:14 IST

  In November 2020, PPSL had applied for a licence with the Reserve Bank of India (RBI) to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways.

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  Net direct tax collection stands at Rs 15.60 lakh crore Y-o-Y growth of 20%

  February 11, 2024 17:45 IST

  In the current fiscal year, net direct tax collection has surged by 20 per cent compared to the previous year, reaching Rs 15.60 lakh crore. This figure accounts for 80 percent of the revised budget estimates for the entire fiscal year.

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  Banks should be mindful of legal, cyber risks emanating from AI: RBI Deputy Governor

  February 11, 2024 12:15 IST

  NaBFID Chairman K V Kamath said what he had predicted 20 years ago has come true that banks will look like technology companies offering banking services. He further said that there is need for banks to be resilient, adopt cloud-based solutions.

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  EPFO hikes interest rate to 8.25 per cent on employees' provident fund, highest in three years

  February 10, 2024 12:55 IST

  The EPFO's apex decision making body Central Board of Trustees (CBT) has decided to provide 8.25 per cent rate of interest on EPF for 2023-24 at its meeting on Saturday, a source said.

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  After RBI crackdown, EPFO blocks Paytm Payments Bank from February 23 | DETAILS

  February 09, 2024 17:33 IST

  This comes after the RBI on January 31 directed the Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.

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  Stock markets settle in positive territory; Sensex climbs 167 points, Nifty up by over 64 points

  February 09, 2024 16:28 IST

  The 30-share BSE Sensex climbed 167.06 points or 0.23 per cent to settle at 71,595.49. The Nifty rose by 64.55 points or 0.30 per cent to 21,782.50. Meanwhile, the rupee falls 7 paise to 83.03 against the US dollar.

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  Sebi bars 15 market experts, analysts for "unlawful gain", fines Rs 7.41 crore 

  February 09, 2024 13:24 IST

  The SEBI order targets 15 experts who appeared on a channel between February 1, 2022, and December 31, 2022, and outlines that some experts directly engaged in these illicit trades while others facilitated them.

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  Personal Loan: Here's list of banks offering lowest interest rates

  February 09, 2024 12:37 IST

  Lenders charge a lower rate from borrowers with a high credit score and a higher interest rate from those with a low credit score.

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  Zomato surges over 5 per cent after posting third straight quarter of profit at Rs 138 crore

  February 09, 2024 11:56 IST

  The stock hit its 52-week high of Rs 151.45 on the BSE, a 5.17 per cent increase, while it rose by 5 per cent to reach Rs 151.40 on the NSE.

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  Parliamentary panel suggests route-specific capping of airfares amid rising air ticket prices

  February 09, 2024 11:08 IST

  Currently, airfares are neither established nor regulated by the government. The panel also reiterated its recommendation to exercise control over airfares being charged by the airlines.

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  LIC shares surge over 6 per cent after Q3 net profit rises 49 per cent to Rs 9,444 crore

  February 09, 2024 10:20 IST

  The public sector company's net premium income rose to Rs 1.17 lakh crore from Rs 1.11 lakh crore in the same quarter a year ago.

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  Stock market today: Sensex rises 122 points to 71,551, Nifty soars above 21,750

  February 09, 2024 10:42 IST

  Sensex was 122.61 points higher, while the Nifty rose by 45.45 points.

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  Telecom spectrum auctions for mobile phone services approved by cabinet

  February 09, 2024 7:40 IST

  The Cabinet's nod comes just before the expiration of Bharti Airtel's spectrum in five circles, with another set to expire in March.

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  Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI curbs

  February 09, 2024 9:59 IST

  This comes amid the RBI's order, which directed the bank to cease accepting deposits or top-ups in various customer accounts and instruments after February 29.

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  Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI order

  February 08, 2024 22:54 IST

  The RBI on January 31 directed the Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.

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  Parliament approves interim Budget 2024-25

  February 08, 2024 21:56 IST

  Rajya Sabha returned the Appropriation (Vote on Account) Bill, 2024; The Appropriation Bill, 2024; The Jammu and Kashmir Appropriation (No.2) Bill, 2024; The Jammu and Kashmir Appropriation Bill, 2024; and The Finance Bill, 2024.

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  Nation first, multiple reforms, tough decisions: White Paper shows how NDA revived economy

  February 08, 2024 19:52 IST

  Presenting the White Paper on UPA's economic mismanagement in 10 years, Finance Minister Nirmala Sitharaman said that the NDA government has overcome the crisis of those years, and the economy has been put firmly on a high sustainable growth path with all-round development.

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  LIC profit rises 49 per cent to Rs 9,444 crore in third quarter

  February 08, 2024 18:42 IST

  LIC profit rises: LIC's total income increased to Rs 2,12,447 crore in the latest December quarter compared to Rs 1,96,891 crore in the year-ago period.

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  Lost decade, scams, infrastructure neglect: Full text of NDA's White Paper on UPA's 10-year rule

  February 08, 2024 20:06 IST

  Sitharaman in her Interim Budget speech had announced that the government will come out with a white paper on the economy outlining the economic mismanagement in the 10 years of UPA rule till 2014.

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  YES bank rallies over 9.50 per cent amid reports of SBI offloading shares worth Rs 5,000-7,000 crore

  February 08, 2024 14:54 IST

  SBI may sell shares worth Rs 5,000-7,000 crore through a block deal, with no taxes applicable to the sale, as per media reports.

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  Rajasthan Budget: Finance Minister Diya Kumari proposes Rs 1,000 crore for schools, colleges

  February 08, 2024 13:13 IST

  The minister announced plans to recruit candidates to fill 70,000 vacant posts, a move intended to stimulate employment opportunities and address workforce needs in different sectors.

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  Action against Paytm for "persisted non-compliance", adequate time was given: RBI

  February 08, 2024 13:12 IST

  RBI has put curbs on Paytm Payments Bank for accepting new deposits, credit transactions, or top-ups in customer accounts, prepaid instruments, wallets, FASTags, and more from February 29 onwards.

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  Sensex crashes over 700 points, Nifty declines 220 points after RBI keeps repo rate unchanged

  February 08, 2024 13:14 IST

  The RBI announced its decision to keep the repo rate unchanged for the sixth consecutive time at 6.50 per cent.

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  RBI projects 7 per cent GDP growth for FY25, lower than FY24 projection of 7.30 per cent

  February 08, 2024 12:19 IST

  The real GDP growth for FY25 is forecast at 7 per cent, with growth rates of 7.2 per cent and 6.8 per cent expected in the June and September quarters.

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  RBI keeps repo rate unchanged at 6.50 per cent for sixth time in a row

  February 08, 2024 12:21 IST

  The monetary policy committe led by Shaktikanta Das has kept the repo rates unchanged at 6.50 per cent.