More From Economy
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Company, CEO Vijay Shekhar Sharma not being investigated by ED for money laundering: Paytm
February 05, 2024 7:16 ISTThe RBI had raised concerns about the creation of several accounts at Paytm Payments Bank without proper identification, suspecting potential money laundering activities.
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Traders' body CAIT asks Paytm merchants to switch to other payment apps after RBI ban
February 04, 2024 17:22 ISTPaytm Payments Bank: The central bank has ordered Paytm Payments Bank Ltd to halt most of its business including taking further deposits, conducting credit transactions and carrying out top-ups on any customer accounts, prepaid instruments, wallets, and cards for paying road tolls after Feb 29
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SBI comes forward to rescue Paytm customers, says 'will act on RBI direction'
February 04, 2024 13:06 ISTThe direction follows persistent non-compliances and continued material supervisory concerns, the central bank said in a statement.
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Paytm Bank: Money laundering concerns, KYC non-compliance led to ban on PPBL by RBI
February 03, 2024 18:33 ISTPaytm Payments Bank: Sources said RBI in 2021 detected serious KYC Anti Money Laundering violations and the bank was directed to address these deficiencies. However, they continued to persist. The compliances submitted by the bank were found to be incomplete and false on many occasions.
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Average monthly GST collections to grow 11 per cent to Rs 1.85 lakh crore in FY25: Revenue Secretary
February 02, 2024 14:44 ISTFinance Minister Nirmala Sitharaman highlighted the doubling of the GST taxpayer base and monthly revenues since its launch in her budget speech.
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Apple India December quarter revenue surges to record high on robust iPhone sales: Tim Cook
February 02, 2024 13:38 ISTThe company recorded a quarterly revenue of USD 119.6 billion, a 2 per cent year-over-year increase.
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Will you be able to use Paytm services after February 29? Check UPI, wallet and other details
February 02, 2024 13:14 ISTThe RBI imposed restrictions, prohibiting the bank from accepting new deposits or conducting credit transactions after February 29.
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Stock market update: Nifty hits fresh record high, Sensex over 1,400 points; RIL surges to new peak
February 02, 2024 13:26 ISTThe surge in the Sensex and Nifty can be attributed to robust global cues and positive budgetary announcements.
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56 lakh updated ITRs filed, Rs 4,600 crore taxes collected in two years: CBDT
February 02, 2024 11:16 ISTThe Budget announced the withdrawal of outstanding small tax demands dating back to 1962, up to Rs 25,000 till 2014-15.
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'Paytm will keep working beyond February 29', says Vijay Shekhar Sharma after RBI announces curbs
February 02, 2024 13:14 ISTVijay Shekhar Sharma stated in a blog post that Paytm's app will continue to function normally beyond February 29 for existing users to withdraw funds.
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Stock market: Sensex climbs 846 points, Nifty tops 21,950 amid 20 per cent decline in Paytm
February 02, 2024 10:46 ISTThe BSE Sensex rose 846.64 points to 72,491.94, while the Nifty surged 256.55 points to 21,954.
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Paytm Payments Bank reassures safety of existing balances after RBI restrictions
February 02, 2024 8:59 ISTPaytm Payments Bank Limited is prohibited from 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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Byju's crisis: Investors issue notice for founders' ouster, US unit files for bankruptcy
February 02, 2024 7:59 ISTThe notice sent to shareholders outlines the resolutions proposed for the EGM and highlights the need to resolve governance and financial issues and shift control away from the founders.
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Finance Minister Nirmala Sitharaman defers equity support to oil companies to next fiscal year
February 02, 2024 7:09 ISTThe equity support was intended to aid the Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation in their energy transition projects.
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Deutsche Bank to cut 3,500 jobs even as it records USD 4.5 billion profit last year
February 01, 2024 23:03 ISTDeutsche Bank said the reduction in the number of positions would mostly be for jobs that don't involve directly dealing with customers.
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Budget 2024: Take a sneak peek into Sitharaman's announcements through graphics
February 01, 2024 19:45 ISTAs per the First Advance Estimates of National Income of FY 2023-24, presented along with Finance Minister’s speech, India’s Real GDP is projected to grow at 7.3 per cent. This is also in line with the upward revision in growth projections for FY2023-24 by the RBI from 6.5 per cent to 7 per cent.
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Sensex records a 107-point drop, closing at 71,645.30; Nifty settles at 21,690 post Budget 2024
February 01, 2024 16:25 ISTThe domestic market expressed marginal disappointment due to lower-than-expected infra spending in the interim budget. However, the government's commitment to fiscal prudence, aiming for a fiscal deficit of 5.1% for FY25BE, is anticipated to enhance economic ratings.
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Budget 2024: How to download Interim Budget's PDF and other documents? Check here
February 01, 2024 14:53 ISTFinance Nirmala Sitharaman presented the Interim Union Budget 2024-25 in Parliament on Thursday. People can check out the full details of the interim budget using 'Union Budget' App on iOS, Android platforms.
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Budget 2024: Defence Ministry tops list with highest allocation, Agriculture gets lowest; Check list
February 01, 2024 14:58 ISTAhead of the upcoming Lok Sabha elections, Union Finance Minister Nirmala Sitharaman presented the interim Budget in Parliament. Scroll down to read allocations for different ministries.
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Budget 2024: Finance Minister talks about 'Panchamrit' goals; here's what it means
February 01, 2024 14:18 ISTThe minister mentioned the government's commitment to the 'Panchamrit' goals and highlighted measures to achieve sustainable and resource-efficient economic growth.
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Budget 2024: No change in tax regime this year; check old, new tax slabs
February 01, 2024 13:50 ISTThe finance minister proposed to retain the same direct and indirect tax rates, including import duties.
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Budget 2024: Govt vows to launch new scheme to bolster deep-tech for defence sector
February 01, 2024 14:59 ISTAhead of the upcoming Lok Sabha elections, Union Finance Minister Nirmala Sitharaman presented the interim Budget in Parliament. Scroll down to read what the Budget has for the defence sector.
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Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens
February 01, 2024 13:22 ISTThe schemes aim to support slum dwellers and individuals living on rent, enabling them to purchase or construct their own houses.
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40,000 normal rail bogies to be converted to Vande Bharat standards: Sitharaman
February 01, 2024 13:15 ISTNirmala Sitharaman in the interim Budget announced that forty thousand normal rail bogies will be converted to the Vande Bharat standards to enhance safety, convenience and comfort of passengers.
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Viksit Bharat, no tax change, Lakshadweep: Highlights of Modi Govt's last Budget before elections
February 01, 2024 15:01 ISTThe Union Cabinet headed by Prime Minister Narendra Modi has approved the pre-election budget 2024-25. Sitharaman, the first full-time woman finance minister of the country, has presented five full budgets since July 2019 and today's interim one.
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Budget 2024: Sitharaman stresses on formulation of strategy to attain 'Atmanirbharta for oilseeds'
February 01, 2024 12:50 ISTPresenting her sixth Budget, Union Finance Minister Nirmala Sitharaman emphasised the establishment of a dedicated Department for Fisheries, recognizing the significance of supporting fishermen in the country.
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Budget 2024: Average real income 50 per cent higher, inflation moderated, says Nirmala Sitharaman
February 01, 2024 13:05 ISTThe finance minister attributed the moderated inflation levels to good macroeconomic stability and robust investments.
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Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down
February 01, 2024 12:33 ISTThe fiscal deficit target for the financial year 2024-2025 has been set at 5.10 per cent of GDP.
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'Ravan strikes back': Viral video shows rockets firing from burning effigy in UP's Bulandshahr
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