Events

Smt. Nirmala Sitharaman launches ARCL & CDMDF

Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Corporate Debt Market Development Fund (CDMDF) and initiated the muhurat trading on Limited Purpose Clearing Corporation mechanism called AMC Repo Clearing Limited (ARCL) […]

Finance

Customs Exchange Rate Notification No. 39/2023

The Central Board of Indirect Taxes and Customs as a result of this determines the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, with effect from 2nd June 2023, for the purpose of importing and exporting goods. […]

Finance

Customs Exchange Rate Notification No. 33/2023

The Central Board of Indirect Taxes and Customs hereby determines the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, with effect from 21st April 2023, for the purpose of importing and exporting goods. […]

Economy

37.4% increase in capital expenditure in 23-24

“Investments in infrastructure and Productive capacity have a large multiplier impact on growth and employment,” said the Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman in Parliament today while presenting the Union Budget 2023-24. […]

Economy

Nominal GDP to grow at 15.4 % in FY 2022-23

“Despite external exogenous shocks, India’s economy is relatively insulated from global spillovers compared to other EMEs, partly because of its large domestic market and relatively looser integration in global value chains and trade flows” […]

Finance

Customs Forex Rates released

The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa with effect from 2nd December, 2022 for the purpose of the said section, relating to imported and export goods. […]

Business

Cabinet approves enhancement in the corpus of ECLGS

Cabinet approves enhancement in the corpus of Emergency Credit Line Guarantee Scheme for increasing the limit of admissible guarantees; Hospitality and related sectors to get a boost; Loans worth about Rs. 3.67 Lakh crore have been sanctioned under ECLGS […]

Finance

First-ever Revision of premium rates of PMJJBY and PMSBY

In view of the long-standing adverse claims experience of the schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), and in order to make them economically viable, the premium rates of the schemes have been revised by making it Rs 1.25 per day premium for both schemes that includes revising PMJJBY from Rs. 330 to Rs. 436 and PMSBY from Rs. 12 to Rs. 20.

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Finance

INDIA’S FIRST-EVER GOLD POWERED CARD from RUPEEK

After disrupting the asset-backed lending space with its flagship, industry first doorstep gold
loan offering, Rupeek is well-poised to further revolutionise the category with its first-ever Goldpowered card for the masses; Aimed at harnessing the power of India $2 trillion worth of Gold assets, Rupeek introduces its
second offering under the tech-led gold monetisation (GoMon) product portfolio […]

Finance

New Exchange Rates released

The Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies with effect from 7th January, 2022 for the purpose of the said section, relating to imported and export goods. […]