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IMF cuts India’s GDP growth forecast to 9.5% for FY22 as second wave hits recovery

22 hrs ago
The forecast by IMF for the fiscal year 2021-22 is lower than the 12.5% economic growth that the agency had projected in April 2021, before the deadly second wave took a grip.

Factoring Regulation Amendment Bill 2021 passed in Lok Sabha amid protests, All you need to know!

1 day ago
The Factoring Regulation (Amendment) Bill, 2021 aims to liberalize the Factoring Regulation Act, 2011 by widening the scope of entities that can engage in factoring business.

UK court declares Vijay Mallya bankrupt: What does this mean for Indian banks?

1 day ago
The Companies and Insolvency Court of the UK declared Vijay Mallya bankrupt allowing the consortium of Indian banks to pursue his assets worldwide.

Central Bank Digital Currency likely to be launched in near future: RBI Deputy Governor

Jul 23, 2021
Deputy RBI Governor T Rabi Shankar stated that conducting pilots of the digital currency in wholesale and retail segments may be a possibility in near future. 

IMF estimates 2021 global growth forecast at 6 per cent: IMF Managing Director

Jul 22, 2021
The International Monetary Fund (IMF) estimated that the global growth for 2021 will be approximately 6 per cent, but some countries are growing faster and other more slowly. Read to know why.

Centre releases Rs 75,000 crores to States, UTs as GST compensation

Jul 16, 2021
The Ministry of Finance released Rs 75,000 crores to the States and Union Territories (UTs) to compensate them for the shortfall in revenue due to GST implementation. Read all you need to know.

Cryptocurrency Bill – All You Need to Know

Jul 15, 2021
The Crypto Bill was not listed among the 23 bills to be tabled in the Lok Sabha during the Monsoon Session of the Indian Parliament. Read why Cryptocurrency Bill, 2021 was not listed for the Monsoon session of Parliament.

Mastercard banned from issuing new cards from July 22 by RBI: What will happen to existing customers?

Jul 15, 2021
The RBI clarified that the supervisory action will not impact the existing customers of Mastercard in the country.

7th Pay Commission: Dearness Allowance for Central government employees hiked from 17% to 28%

Jul 14, 2021
Dearness Allowance (DA) for the Central Government employees has been hiked to 28% with effect from July 1, 2021.

India's retail inflation remains high at 6.26 percent in June 2021

Jul 13, 2021
The Consumer Food Price Index (CFPI) went up slightly in June 2021 to reach 5.15 percent in comparison to 5.01 percent in May 2021. 

7th Pay Commission: 5 Recent Changes, Benefits Central Govt Employees Should Know

Jul 9, 2021
The Central government has announced a set of relief measures for around 52 lakh government employees and 60 lakh pensioners. Read all you need to know.

India supports free, open, rules-based Indo-Pacific at first edition of CII Summit

Jul 8, 2021
The Indo-pacific business summit organized by CII saw sessions on how India and other nations in the Indo-Pacific region can expand their economic partnership and can also collaborate for future economic development.

Flitch Ratings cuts India’s growth forecast to 10 per cent for FY22

Jul 8, 2021
Fitch Ratings cut down India’s growth forecast to 10 per cent for FY22 from the earlier 12.8 per cent forecast in March 2021. Read all you need to know.

NCDEX launches India’s first agri-sectoral indices – All you need to know

Jul 7, 2021
The National Commodity and Derivatives Exchange (NCDEX) launched India’s first two sectoral indices in the agri-commodities space namely GAUREX and SOYDEX. Read all you need to know.

Open Network Digital Project- What is ONDC Project and how it will benefit online retailers?

Jul 7, 2021
According to DPIIT, the ONDC project aims at promoting open networks that are developed on open-sourced methodology, using the open specifications and open network protocols independent of any specific platform.

World Bank increases COVID-19 vaccine funding to $20 billion

Jul 2, 2021
In view of the surging demand for the World Bank Vaccine finance, World Bank is expanding its financing available for Coronavirus vaccines to $20 billion over the next 18 months, adding $8 billion to the previously announced $12 billion.

India joins OECD/G20 Inclusive Framework tax deal

Jul 2, 2021
The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) aims to address all the loopholes in cross-border tax rules.

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