The Financial Services Institutions Bureau (FSIB) interviewed five...
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Govt gets 3,000 complaints of misleading discounts after GST cuts
"If there are too many complaints from different sectors, then they...
Govt proposes sound alert system for all electric vehicles from October 2027
The ministry in a draft notification said that all new models of...
UK imposes sanctions on Russian insurer Ingosstrakh protecting ‘shadow fleet’ of tankers
Sanctions against Ingosstrakh are notable because it is major provider of coverage for the commercial fleet moving Russian oil, largely displacing insurers based in the UK and Europe. The company didn’t immediately respond to a request for a comment on how the...
Inflation worries continue for US Fed; No policy rate cut for seventh time
Jerome Powell, US Fed Chair "We are maintaining our restrictive stance of monetary policy in order to keep demand in line with supply and reduce inflationary pressures. I will have more to say about monetary policy after briefly reviewing economic developments," US...
Govt to ensure ease of living for all citizens: FM Sitharaman
Nirmala Sitharaman, Union Finance Minister She also stated that the reforms undertaken since 2014 will continue, which will further provide macroeconomic stability and growth for India. She also highlighted India's commendable growth story in recent years amidst...
Major world economies seek to halt new private sector coal financing
If approved, the draft proposal by the Organisation for Economic Co-operation and Development, would be the first move by a multilateral institution to curb financing for coal, one of the biggest causes of climate change, which produces more carbon dioxide emissions...
India fastest growing economy to clock 6.7 pc growth over 3 years World Bank
"India will remain the fastest-growing of the world's largest economies, although its pace of expansion is expected to moderate. After a high growth rate in FY2023/24, steady growth of 6.7 per cent per year, on average, is projected for the three fiscal years...
Household consumption expenditure jumps in India as incomes rise
In absolute terms, the monthly per capita consumption expenditure in the country’s rural areas shot up to Rs 2,008 in 2022-23 from Rs 1,430 in 2011-12 Urban India also recorded a robust gain of 33 per cent with per capita household consumption expenditure rising to Rs...
Russian Oil tanker does secret cargo switch near Singapore to dodge US sanctions
Russia has shipped about 3.4 million barrels a day of crude so far this year, valued at about $37 billion at the point of export, and working around western sanctions has been part of that The first Russian oil tanker attempting to deliver crude while under US...
Nirmala Sitharaman retains Finance Ministry portfolio in Modi’s third term
Nirmala Sitharaman, Union Finance Minister Sithraman, who will be presenting the full Budget for FY 24-25 in July, is expected to introduce bills soon for amendments to the Insurance Act, 1938, and the IRDAI Act to allow composite licensing for insurers New Delhi:...
Retail car sales drop in May as elections, weather delay purchases in May 2024, says FADA
Sales of passenger vehicles – hatches, sedans and SUVs – by manufacturers to dealers have risen to record high levels over the last two years in India and are estimated to hit new all-time highs in the financial year 2025 as well BENGALURU: Retail sales of cars in...
Odisha govt reassures public amid confusion over Biju Swasthya Kalyan Yojana continuity
The confusion stems from the BJP's announcement to implement the Ayushman Bharat scheme in place of BSKY upon assuming state power. Reports surfaced that hospitals began refusing BSKY benefits to patients in anticipation of this shift. Bhubaneswar:The Odisha...