Borrowers in Goa opted increasingly for private sector banks and small finance firms instead of nationalized and cooperative banks in 2022-23, the state's Economic Survey report said. The report was tabled in the Assembly earlier this week during the ongoing budget session. Overall bank loans during 2022-23 (up to September 2022) stood at Rs 30,769.92 [...]
Cooperation Minister Amit Shah on Wednesday said the government has completed the first phase of mapping database of 2.63 lakh primary cooperative societies engaged in credit, dairy and fisheries. The database is expected to be extended to cooperative societies of all other sectors by July this year, Shah said in a written reply to the [...]
The government on Wednesday said no state or union territory has reported any incident of death due to starvation in the country. "Not a single state government/ union territory administration has reported any incident of death due to starvation," Food Minister Piyush Goyal said in a written reply to the Lok Sabha. He was replying [...]
National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. However, interchange charges are only applicable for the prepaid payment instruments (PPI) merchant transactions and there is no charge to customers, NPCI clarified in a statement. NPCI has permitted [...]
Average increments are likely to drop to 9.1 per cent this year in almost all sectors following inflation, higher interest rates and a slowdown in the economy, according to a study. The average increment in 2022 was 9.4 per cent, Deloitte India Talent Outlook 2023 stated on Wednesday. The study found that in 2023 increments [...]
The Ministry of Heavy Industries on Tuesday said Rs 800 crore under FAME India Scheme Phase II has been sanctioned to three PSU oil marketing companies (OMC) for setting up 7,432 public fast charging EV stations across the country. The amount has been sanctioned under FAME Scheme Phase II. The ministry has released Rs 560 [...]
The states have been forced to pay a near record high of 7.81 per cent for their market borrowings on the final auction of the outgoing fiscal on Tuesday, despite record supplies. Fifteen states have raised a record Rs 41,200 crore from the market, which is a record supply in recent years. This supply is [...]
Karnataka Industries and Commerce Department on Tuesday said it has cleared a total of 55 investment proposals worth Rs 3,451.24 crore, promising 33,049 employment opportunities. The 139th State Level Single Window Clearance Committee (SLSWCC) meeting was held under the chairmanship of Minister for Large and Medium Scale Industries Murugesh R Nirani on Monday to decide [...]
India's merchandise imports are estimated to grow by about 16 per cent to USD 710 billion in this fiscal due to a jump in inbound shipments of crude oil, coal, diamonds, chemicals and electronics, a report by economic think tank GTRI said on Wednesday. The Global Trade Research Initiative (GTRI) also said that the Indian [...]
The economic impact of stimulus given in the US and the Russia-Ukraine war has made investors think of risk aversion which is leading to valuation correction but it is not causing a slowdown in the digital economy, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Tuesday. While speaking at India Digital Fest, [...]
