Business

Finance Minister Nirmala Sitharaman Says Inflation At Manageable Level

<!-- -->Nirmala Sitharaman said we are in an era of robust economic activities.New Delhi: Finance minister Nirmala Sitharaman on Saturday said inflation is at a manageable level.Her comments came a day after RBI hiked interest rate by 50 basis points to tame inflation."Inflation is at a manageable level," she said here.On Friday, RBI retained its inflation projection for FY23 at 6.7 per cent...

Nirmala Sitharaman Says We Cannot Afford To Lose Sheen Of Insolvency And Bankruptcy Code

<!-- -->Nirmala Sitharaman said that "we cannot have stress signals go unnoticed".New Delhi: Union Minister Nirmala Sitharaman on Saturday said insolvency law cannot lose its "sheen".Ms Sitharaman, who is in charge of finance and corporate affairs ministries, was speaking at a function in the national capital to mark the sixth annual day of the Insolvency and Bankruptcy Board of India (IBBI).Speaking about the...

India’s Unemployment Rate Drops To 6.43% In September: Report

<!-- -->The unemployment rate in the rural areas fell to 5.84 per cent in September.Mumbai: India's unemployment rate has drastically dropped to 6.43 per cent in September due to an increase in labour participation in the rural and urban areas, according to data from the Centre for Monitoring Indian Economy (CMIE).During August, India's unemployment rate surged to a one-year high of 8.3 per...

UPI Transactions Up Over 3% At 678 Crore In September

<!-- -->UPI is becoming a preferred mode among users and it is simple to use and fast.New Delhi: UPI transactions grew by over 3 per cent to 6.78 billion in September from a month ago, data from NPCI showed on Saturday.In August 2020, the total number of Unified Payment Interface (UPI) based digital financial transactions stood at 6.57 billion (657 crore).In value terms,...

HDFC Raises Interest Rate By 0.50%, EMIs To Increase

<!-- -->This is the seventh rate increase undertaken by HDFC in the last five months.New Delhi: Mortgage lender HDFC Ltd on Friday hiked its lending rate by 50 basis points hours after the Reserve Bank raised the benchmark interest rate to tame inflation.The move would increase EMIs for housing loans by the firm."HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans,...
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