April 2024 bank holidays: Banks in several states across India will be closed on April 17, Wednesday, in observance of Ram Navami, a Hindu festival celebrating the birth of Lord Rama. According to the Reserve Bank of India’s holiday list, banks in states such as Gujarat, Maharashtra, Madhya Pradesh, Orissa, and others will be closed…
Paying in rupees in Thailand soon? Imagine the possibility of using Indian rupees to tip at a beachside bar in Pattaya or a luxurious spa in Bangkok. This scenario could become a reality if India successfully negotiates a currency agreement with Thailand. The Indian government and the Reserve Bank of India (RBI) are exploring the…
For a mere Rs 150 as the base airfare, you can embark on a 50-minute flight from Lilabari to Tezpur. This route is not an exception; numerous other flights offer base ticket prices below Rs 1,000. These flights operate under the regional air connectivity scheme of the government, which offers various incentives to airline operators.As…
EPFO revamp on the cards: The government is considering a ‘revamp’ of the Employees’ Provident Fund Organisation (EPFO) to align with the broader vision of universal social security and to significantly improve service delivery.Some of the changes envisioned for the retirement fund body in the short, medium, and long term include restructuring of EPFO offices,…
Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday as well taking cues from global markets. BSE Sensex plunged 550 points and Nifty50 was below 22,150. At 9:21 AM, BSE Sensex was trading at 72,957.90, down 442 points or 0.60%. Nifty50 was at 22,145.00, down 128…
MUMBAI: In a move to boost transparency, RBI has asked all banks and finance companies to provide borrowers with a key facts statement that includes data on all fees and the annual cost of credit from Oct 1 besides basic loan information. The statement should also provide details on the policy on recovery agents, contact…
NEW DELHI: The capital’s IGI Airport was the world’s 10th busiest hub last year, down one place from the 9th spot it enjoyed in CY 2022, according to Airports Council International (ACI). All the top 10 airports — led by Atlanta Hartsfield-Jackson International Airport, Dubai and Dallas Fort Worth — saw significant growth in passenger…
NEW DELHI: India’s merchandise exports dipped marginally in March to USD 41.69 billion, and by 3.11 per cent during the last fiscal year to USD 437.06 billion mainly due to continued geopolitical turmoil, and depressed global trade.Imports, too, declined in March as well during the entire 2023-24. Trade deficit, or the gap between imports and…
The Reserve Bank of India (RBI) has increased its gold purchases to enhance the diversity of its foreign exchange reserves amid fluctuations in the US dollar. The surge in the value of outstanding gold reserves accounted for more than 80% of the nearly $3-billion rise in forex reserves, which reached a record $648.5 billion as…
Stock market crash today: BSE Sensex and Nifty50, the Indian benchmark equity indices, opened in red on Monday led by global cues and uncertainties. BSE Sensex plunged 700 points and Nifty50 was near 22,300. At 9:31 AM, BSE Sensex was trading at 73,594.17, down 651 points or 0.88%. Nifty50 was at 22,313.25, down 206 points…
