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While the Consumer Price Index (CPI)-based inflation rose from 4.23 per cent in April to a six-month high of 6.3 per cent, food inflation soared from 1.96 per cent to 5.01 per cent in May. (Representational Photo:AP)

Inflation breaches RBI band in January

The RBI, which mainly factors in the CPI-based inflation, has been tasked to keep the inflation at 4%, with margin of 2%...

15 Feb 2022 8:53 AM IST

EPFOs apex decision-making body Central Board of Trustee will take a call on the interest rate on employees provident fund deposits for 2021-22 in its meeting next month. (DC file photo)

EPFO to take call on interest rate for 2021-22 in March

The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by the Central Board of Trustees (CBT) in March...

14 Feb 2022 12:51 AM IST

Union Finance Minister Nirmala Sitharaman in the Rajya Sabha, during ongoing Budget Session of Parliament, in New Delhi. (Photo: PTI)

Retail inflation contained at 6.2% despite biggest contraction in...

The finance minister stated that the objective of the budget is a stable and sustainable recovery in the economy

11 Feb 2022 11:45 AM IST

Reserve Bank of India (RBI) governor Shaktikanta Das addresses via livestream as he announces the central banks monetary policy decisions, in Mumbai. PTI photo

RBI maintains status quo; leaves repo rate unchanged at 4 per cent

RBI retained its growth projection at 9.2 per cent and inflation at 5.3 per cent for the current financial year

10 Feb 2022 10:53 AM IST

$\Further, the limit on total indebtedness of the borrower has been increased from Rs 1 lakh to Rs 1.25 lakh,\ the circular said.$ Business

MPC may hold back rate hike

Policy normalization is set to commence in April with a stance change and reverse repo hike

7 Feb 2022 1:00 AM IST

Union Minister of Finance Nirmala Sitharaman with MoS Pankaj Chaudhary arrives at Parliament for the presentation of the Union Budget 2022-23, in New Delhi, Tuesday, Feb 1, 2022. (PTI Photo/Kamal Kishore)

India-'s digital currency to debut by early 2023

Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a central bank-backed...

6 Feb 2022 11:16 AM IST

In September 2021, a reference was sent to sector regulator TRAI, seeking recommendations for the 5G spectrum auction and various modalities such as reserve price, band plan, block size, quantum of spectrum to be auctioned, it said. (PTI Photo)

Spectrum auction, 5G services roll-out this year

The telecommunications sector in general and 5G, in particular, can enable growth and offer job opportunities, the FM...

2 Feb 2022 7:05 AM IST

Union Finance Minister Nirmala Sitharaman holds a folder-case containing the Union Budget 2022-23 as she poses for a photograph with the Finance Ministry officials, outside the North Block, in New Delhi, Tuesday, Feb. 1, 2022. (PTI Photo/Shahbaz Khan)

FM presents -'amrit kaal-' Budget; gives -'booster shot-' for growth,...

35 per cent more money to create infra; greater focus on tech on road to India@100

2 Feb 2022 6:44 AM IST

An executive from Tether - a stablecoin or type of cryptocurrency usually backed by real-world world assets - said on Twitter the company had frozen $33 million connected with the hack. (AFP Photo)

Cryptos to stay with 30 pc tax; digital rupee next fiscal

The gift of virtual digital assets will be taxed in the hands of the recipient

2 Feb 2022 1:06 AM IST

This is meant to reduce litigation, but will not provide additional refund. (Representational image: PTI)

I-T returns can be updated in two years to correct any errors

This will avoid the lengthy process of litigation if the department finds that some income has been missed out by the...

1 Feb 2022 11:58 PM IST

Sitharaman said, Introduction of Central Bank Digital Currency (CBDC) will give a big boost to the digital economy. (PTI Photo/ Shahbaz Khan

RBI to issue Digital Rupee in FY23: Sitharaman

Digital currency will also lead to a more efficient and cheaper currency management system

1 Feb 2022 11:45 PM IST

ICC vice president and Nafa Capital Advisors Pvt. Ltd MD Ameya Prabhu

Budget will fast track economic recovery: ICC

The Indian Chamber of Commerce (ICC) has appreciated the growth oriented policy direction of the Union Budget

1 Feb 2022 4:47 PM IST