The quantum of borrowing to meet states' GST revenue shortfall has to be "reasonable" considering its economic impact and the Centre will continue to request the opposition-ruled states to opt for the proposed borrowing plan, Finance Secretary Ajay Bhushan Pandey has said.
Equity benchmark Sensex rallied over 400 points in early trade on Tuesday, tracking gains in index-heavyweights HDFC twins, ICICI Bank and TCS amid positive cues from global markets ahead of the US presidential election.
Gopinath suggested that fiscal authorities can actively support demand through cash transfers to support consumption and large-scale investment in medical facilities, digital infrastructure and environment protection.
The Reserve Bank on Monday announced phased restoration of trading hours for various debt as well as currency market from November 9 as the country has started graded roll-back of the lockdown.
Onion, a politically-sensitive commodity, remained costliest in the retail markets of Bengaluru at Rs 100 per kg on Monday despite Karnataka being the third-largest producer of the kitchen staple in the country, according to government data.
Alliance Air on Monday said it will launch a flight from Kozhikode to Bengaluru starting November 11.
Gold prices rose Rs 103 to Rs 51,286 per 10 gram in the national capital on Monday supported by strong global trends and rupee depreciation, according to HDFC Securities.
Equity benchmark Sensex ended 144 points higher on Monday, tracking strong buying sentiment in financial stocks amid positive cues from global markets.
Flipkart-owned fintech platform PhonePe on Monday said it has crossed the 250 million registered user milestone. The company reported over 100 million monthly active users (MAU) and 2.3 billion app sessions in October, a statement said.
Shares of ICICI Bank on Monday jumped nearly 6 per cent after the company reported an over four-fold jump in consolidated net profit for September quarter.
The bank in a release said women borrowers will get further concession of 5 basis points in rate of interest over and above this reduction for such loans. The new rates are effective from November 1.
India's manufacturing sector activity improved for the third straight month in October with companies raising output to the greatest extent in 13 years amid robust sales growth, a monthly survey said on Monday.
Banking sources said ICICI Bank is not levying charges on the basic savings bank deposit account (BSBA) and Jan Dhan accounts.
Consumers in the national capital are being adversely affected due to an increase in the price of vegetables. Meanwhile, the inflation has also reduced the sales made by vendors.
Equity benchmark Sensex dropped over 200 points in early trade on Monday tracking losses in index-heavyweights Reliance Industries, TCS and Infosys amid sustained foreign fund outflow.
Puri is widely credited for building HDFC Bank from scratch and making it the largest in the private sector space and the most valuable one.
Bajaj Auto Ltd on Monday reported an 11 per cent increase in its total vehicle sales at 512,038 units in October.
Finance Secretary Ajay Bhushan Pandey has indicated that the Modi government is working on another stimulus package.
The RBI has informed the Supreme Court that it has asked the banks, and financial institutions as well as the non-banking financial institutions to take "necessary actions" to credit the accounts of eligible borrowers, by November 5, with the difference between compound and simple interest collected on loans of up to Rs 2 crore during the moratorium scheme.
Ficci President Sangita Reddy on Sunday said India's strategy of dealing with the COVID-19 crisis has paid off and the country's economy is set to bounce back and emerge stronger.
Top News
Latest News
