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Consolidation of public sector banks leads to 4,837 branches being shut down

Consolidation of public sector banks leads to 4,837 branches being shut down

01-01-2023  comments

Bhopal (IANS) Efforts to connect the poorest of the poor with banks are underway throughout the country, so that the amount of subsidies provided by the government can go directly to their bank accounts. However, it is surprising that 4,837 branches…

Burgeoning fiscal deficit will be a challenge for govt in FY 2023-24

Burgeoning fiscal deficit will be a challenge for govt in FY 2023-24

31-12-2022  comments

New Delhi (IANS) With the next financial year (2023-24) just a quarter away, India will need to do a tight ropewalk to check its burgeoning fiscal deficit and current account deficit.

India's fiscal deficit widened to Rs 9.78 lakh crore…

Current account deficit rose to 4.4% in Q2 from 2.2% in Q1: RBI data

Current account deficit rose to 4.4% in Q2 from 2.2% in Q1: RBI data

30-12-2022  comments

New Delhi (IANS) India's current account deficit rose sharply to 4.4 per cent of the GDP in the second quarter of the current fiscal (2022-23) from 2.2 per cent in the first quarter.

The current account balance recorded a deficit of $36.4…

India's Apr-Nov fiscal deficit widens to 58.9% of 2022-23 target

India's Apr-Nov fiscal deficit widens to 58.9% of 2022-23 target

30-12-2022  comments

New Delhi (IANS) India's fiscal deficit stood at Rs 9.78 lakh crore in the April-November period of 2022-23, which is 58.9 per cent of the Union Budget's target of Rs 16.61 lakh crore for the current fiscal, government data showed.

As…

We are empowering Reliance with new leadership capital: Mukesh Ambani

We are empowering Reliance with new leadership capital: Mukesh Ambani

29-12-2022  comments

New Delhi (IANS) Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL) said on Thursday that Reliance has begun implementing two important tasks of empowering young leadership and young talent.

Speaking at the Reliance…

6 GHz spectrum vital for super-fast 5G speed, says COAI

6 GHz spectrum vital for super-fast 5G speed, says COAI

28-12-2022  comments

New Delhi (IANS) As India rolls out 5G at a much faster pace than expected, it is critical to identify 6 GHz band for international mobile telecommunications (IMT) services, to not only aid long-term network planning but also help the National Broadband…

Ola, Uber, Dunzo worst platforms in providing fair work for gig workers

Ola, Uber, Dunzo worst platforms in providing fair work for gig workers

27-12-2022  comments

New Delhi (IANS) When it comes to fair work for gig workers among the digital platform economy in India, Ola, Uber and quick-grocery delivery provider Dunzo are the worst performers across parameters related to the working conditions of gig workers,…

'Make in India' smartphone shipments down 8% as consumer demand slows

'Make in India' smartphone shipments down 8% as consumer demand slows

27-12-2022  comments

New Delhi (IANS) Economic headwinds, poor consumer demand, and market uncertainties led to a 8 per cent decline in 'Make in India' smartphone shipments (year-over-year) in the third quarter (Q3) this year to reach over 52 million units, a…

RBI cracked the whip on ICICI, others, for flouting norms, but was ignored: RTI

RBI cracked the whip on ICICI, others, for flouting norms, but was ignored: RTI

27-12-2022  comments

Mumbai (IANS) The Reserve Bank of India (RBI) had slapped show cause notices (SCNs) and imposed penalties on the ICICI Bank and certain other banks way back in 2017, for violating various norms, according to a RTI reply, but few of these seemed to…

India's growth rate to be 6.4% for next 5 years: UK-based Centre for Economics and Business Research

India's growth rate to be 6.4% for next 5 years: UK-based Centre for Economics and Business Research

26-12-2022  comments

New Delhi (IANS) India's annual growth trajectory for the next five years is expected to be 6.4 per cent, after which it is likely to rise to 6.5 per cent during the subsequent nine years, according to the Centre for Economics and Business Research…

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