by PTI News | Mar 21, 2022 | 9:48 pm | Economy, News
New Delhi, Mar 21 (PTI) Finance Minister Nirmala Sitharaman on Monday defended a proposal to cut interest rate paid on employees' provident fund deposits to over four-decade low of 8.1 per cent, saying the rate is dictated by today's realities where interest rate on other small saving instruments was even lower. Replying to a debate [...]
by PTI News | Mar 21, 2022 | 9:38 pm | Economy, News
Mumbai, Mar 21 (PTI) Reserve Bank of India will ensure abundant liquidity in the market for the credit system to function normally, Governor Shaktikanta Das said on Monday. He emphasised that even as RBI is pulling out liquidity given over the last two years to support various sectors, there will be enough liquidity to meet [...]
by PTI News | Mar 21, 2022 | 9:37 pm | Economy, News
Mumbai, Mar 21 (PTI) Reserve Bank Governor Shaktikanta Das on Monday said with the country's foreign exchange reserves at USD 677 billion, it is comfortably placed to deal with any spillover effects and for financing of the current account deficit. Over the last three years, the country's foreign exchange reserves have surged by USD 270 [...]
by PTI News | Mar 21, 2022 | 9:07 pm | Economy, News
Mumbai, Mar 21 (PTI) Firmly ruling out the prospects of the economy falling into stagflation -- a situation of prices shooting over the roof and growth plunging -- Reserve Bank Governor Shatikanta Das on Monday instead said prices are set to fall as the impact of the ongoing Ukraine war on the country seems to [...]
by PTI News | Mar 21, 2022 | 8:54 pm | Economy, News
New Delhi, Mar 21 (PTI) The Indian advertising sector is expected to grow with a CAGR of 12 per cent and should reach Rs 1 lakh crore revenue by 2024, said a joint report by industry body Ficci and consultancy firm EY. The Indian Media and Entertainment sector revenue grew 16.4 per cent to Rs [...]
by PTI News | Mar 21, 2022 | 8:32 pm | Economy, News
Dubai, Mar 21 (PTI) Indian animation and visual effects industry is now a back office of the world, making it the fastest growing sector this year with a growth around 57 per cent, according to FICCI-EY Report on Media and Entertainment released here Monday.The rise of the VFX segment further signals to its double growth [...]
by PTI News | Mar 21, 2022 | 8:22 pm | Economy, News
New Delhi, Mar 21 (PTI) The Supreme Court-appointed panel was not in favour of total repeal of the three controversial farm laws and instead had suggested leaving procurement of crops at a specified price to the states and scrapping of Essential Commodities Act, one of the three members of the panel said on Monday while [...]
by PTI News | Mar 21, 2022 | 8:16 pm | Economy, News
New Delhi, Mar 21 (PTI) India buying more volumes of crude oil from Russia is still less than 1 per cent of the total oil imports while the volumes from the US will rise significantly, Petroleum Minister Hardeep Singh Puri said on Monday. Replying to supplementaries during the Question Hour in the Rajya Sabha, he [...]
by PTI News | Mar 21, 2022 | 8:10 pm | Economy, News
New Delhi, Mar 21 (PTI) A Parliamentary panel on Monday expressed concern over inadequate budgetary allocation for department of fertilisers for 2022-23 fiscal and asked the finance ministry to allocate sufficient funds in Budget itself for timely and optimum utilisation of the amount. The standing committee on chemicals and fertilisers in its report on 'Demand [...]
by PTI News | Mar 21, 2022 | 8:02 pm | Corporate Action, Economy, News
New Delhi, Mar 21 (PTI) Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.In a written reply to the Lok Sabha, Chaudhary said the government will come out with a [...]
