Economy Archives - Page 5 of 5 -

02 Nov

More than 97% of Rs 2,000 notes returned: RBI

Priyanka Bhowmick0 CommentsEconomy, Indiaeconomy, India

The Reserve Bank of India (RBI) on Wednesday said that Rs 10,000 crore of Rs 2000 notes withdrawn from circulation on May 19 are yet to be returned to the banking system. As of May 19, the total value of Rs 2000 notes in circulation was Rs 3.56 lakh crore. This has come down to Rs 10,000 crore as of the close of business on October 31, 2023, RBI said in a release. "Thus, more than 97 percent of the Rs 2,000 notes in circulation have been refunded till May 19, 2023," the RBI said in a press release. It…

16 May

PM Modi virtually distributes 71,000 appointment letters to newly inducted recruits

Priyanka Bhowmick0 CommentsBusiness, Economy

Prime Minister Narendra Modi directed Rozgar Mela conference which was conducted at 45 locations in India today With the help of video conferencing Modi distributed 71,000 appointment letters to newly inducted recruits in various govt. departments through video conferencing. The prime minister said that the Rozgar Mela will boost the employment level in a country and further it will create opportunities for youth to achieve something greater in their life. "Earlier it was difficult to apply for a government job, one had to stand in line for hours to get the form. Today the whole process from applying to results…

11 May

Smriti Irani launches “Poshan Bhi Padhai Bhi” campaign

Priyanka Bhowmick0 CommentsEconomy, Education

Smriti Irani (Minister of Women and Child Development) has launched a new scheme 'Poshan Bhi, Padhai Bhi' to lay focus on the development of Child and to strengthen Early Childhood Care and Education (ECCE). According to a statement from the Ministry, “The main objective of the event is to highlight the criticality of focusing on early childhood care and education. The Ministry of Women and Child Development is launching “Poshan Bhi Padhai Bhi, a pathbreaking ECCE program to ensure that India has the world’s largest, universal, high-quality preschool network, as suggested by the National Education Policy."

06 May

Sensex crashes nearly, Sensex 358 and Nifty trading down 89 points

editor0 CommentsBusiness, Economy

The stock market opened with a fall on the last trading day. Sensex is trading by breaking 358 and Nifty by 89 points. In the initial time, there is a decline in the shares of the banking sector. Shares from SBI to HDFC Bank are currently broken. The Indian stock market opened with a decline today. The Sensex is trading down 358.87 points at 61,390.38 and the Nifty 50 is down 89 points at 18,166.80. Bank Nifty is trading at 43,397, down 288 points. However, amidst the decline, there is a boom in mid and small-cap stocks. BSE Mid Cap…

27 Apr

Shirdi town to strike against CISF deployment at Saibaba Temple from May 1

Priyanka Bhowmick0 CommentsEconomy, India

Shirdi, a major pilgrimage site in Maharashtra also known as the home of revered spiritual leader Sai Baba, will remain shut from 1st of May over CISF deployment at the Sai Baba temple, there is no fix date of it's opening until the matter is resolved. The shutdown of the temple has been decided by the administration of the respective temple. There has been protest against the government decision of deploying CISF to maintain the security of the temple. As per the reports of DNA, the temple authority claims that the CISF are not trained for the security of the…

25 Apr

PM Modi to flag off India’s first Water Metro in Kochi today

Priyanka Bhowmick0 CommentsBusiness, Economy

PM Modi on a 2 day visit to Kerala, inaugurated India's first ever Water Metro on Tuesday (25th of April,2023) which will bring connectivity between 10 islands. This innovation will reduce traffic jam and will run on battery means it doesn't require fuel. The development will help in boosting the tourism industry in the state. Hence, will result into a good economic growth. The minimum cost to avail the facility of water metro will be rupees 20.

20 Apr

India violated global trading rules in IT tariff dispute with EU, Japan, Taiwan, says WTO

Priyanka Bhowmick0 CommentsBusiness, Economy

WTO said in a statement on 17th of April 2023 that India had disobeyed the rules of global trade in a debate with the Taiwan, Japan and EU over taxes on import of IT products. “We recommend that India bring such measures into conformity with its obligations,” the WTO panel’s report said. In the year 2019, the European Union challenged India’s introduction of import duties of between 7.5% and 20% for a wide range of IT products, such as mobile phones and components, as well as integrated circuits. In the same year, similar cases were filed against India by Japan…

20 Apr

Kapil Sibal compares India with China on GDP, unemployment and inflation

Priyanka Bhowmick0 CommentsBusiness, Economy

India has surpassed China in terms of population. It ranks first in the list of the most populous country in the world. Kapil Sibal, member of the Rajya Sabha pointed out the the issue of unemployment, GDP, annual inflation in which India was not able to compete or get equal to it's neighbouring country China. He also asked people to analyse the data of these parameters of the recent year. Kapil Sibal is also a lawyer and he had represented several high-cases in the Supreme Court. It is seen that most of the time Sibal keeps on taking a dig…

10 Feb

PM Narendra Modi flags off 2 Vande Bharat trains from Mumbai

Priyanka Bhowmick0 CommentsEconomy, Science & Tech, Tech Byte

On friday two Vande Bharat trains were officially inaugurated by PM Modi, one will operate between Mumbai and Solapur and the other between Mumbai and Shirdi. The event was held in Mumbai, with, Maharashtra CM Eknath Shinde, Union Railways minister Ashwini Vaishnaw and deputy CM Devendra Fadnavis. “For the 1st time 2 Vande Bharat trains launched. They'll connect financial centres like Mumbai & Pune to centres of our devotion. It'll benefit college-going & office-going people, farmers & devotees”, the prime minister said.

19 Apr

Biggest risk of cryptocurrency could be money laundering, its use for financing terror: Nirmala Sitharaman

suparna0 CommentsEconomyNirmala Sitharaman

Amidst the pioneering fintech revolution, the biggest risk of cryptocurrency could be money laundering and its use for financing terror, said Union Minister of Finance Nirmala Sitharaman. In her address at a seminar during the ongoing spring meet of the International Monetary Fund, Sitharaman said: “I think the biggest risk for all countries across the board will be the money laundering aspect and also the aspect of currency being used for financing terror.” Regulation using technology will have to be so adept, that it has to be not behind the curve, but be sure that it is on the top…