MUMBAI: Outgoing RBI governor Shaktikanta Das said that restoring the inflation-growth balance is the most important task ahead for his successor Sanjay Malhotra.In his last press conference as governor, Das highlighted the importance of coordination between RBI and govt in curbing inflation. “Govt undertook a lot of supply-side measures which helped RBI check inflation. The…
Sukanya Samriddhi Yojana latest guidelines: The Department of Economic Affairs, under the Finance Ministry, has recently released updated guidelines to address irregularities in small savings accounts opened under the National Savings Scheme (NSS).If you have a Sukanya Samriddhi Yojana account, then it is important to know the latest guidelines for Sukanya Samriddhi Accounts that investors…
MUMBAI: Reacting to complaints of “toxic work culture” by Sebi officials to the finance ministry, the market regulator Wednesday said junior officers – with an annual entry cost-to-company remuneration of Rs 34 lakh and are demanding a further increase – have been “misguided” by external elements to target the credibility of the agency and its…
MUMBAI: Reacting to complaints of “toxic work culture” by Sebi officials to the finance ministry, the market regulator Wednesday said junior officers – with an annual entry cost-to-company remuneration of Rs 34 lakh and are demanding a further increase – have been “misguided” by external elements to target the credibility of the agency and its…
NEW DELHI: Union finance ministry issued an advisory on Wednesday, August 28, clarifying that persons from the LGBTQ community face no restrictions in opening joint bank accounts or nominating their partners as beneficiaries. “This is to clarify that there are no restrictions for persons of the queer community to open a joint bank account and…
MUMBAI: In a win for the scientific community, the finance ministry has rolled back a customs duty hike levied on lab chemicals. In the recent Union budget, government had hiked customs duty on laboratory chemicals from 10 per cent to 150 per cent , throwing research budgets astray.TOI, on July 31, had reported that customs…
The Finance Ministry is reportedly proposing stricter measures to protect citizens from cyber fraud. This comes after a surge in incidents, including the recent Bank of Baroda World app scam. These measures are said to be part of a broader national effort to combat cybercrime. The sources mentioned a recent inter-ministerial meeting focused on bolstering…
Representative image The customs departments of India and Hong Kong have jointly busted a money-laundering network, where foreign currency was remitted out of India against import of cheap synthetic diamonds, the finance ministry said on Friday. The racket involved Indian traders who were importing synthetic diamonds from Hong Kong by wrongly declaring them as real…
NEW DELHI: Union finance minister Nirmala Sitharaman on Friday said that taming inflation to ensure sustained economic growth is the Centre’s “priority”.She was addressing the B20 Summit India, being hosted by the Confederation of Indian Industry (CII).During her speech, the minister said that elevated interest rates for considerable time hampers recovery, adding that her “priority…
