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New Delhi: Cutting short the seven-day losing streak, gold prices rebounded by Rs 1,200 to Rs 98,670 per 10 grams in the national capital on Tuesday due to fresh buying by stockists in line with strong global trends, according to the All India Sarafa Association. Gold of 99.5 per cent purity climbed by Rs 1,100 to Rs 98,150 per 10 grams (inclusive of all taxes) on Tuesday. It had closed at Rs 97,050 per 10 grams in the previous market close. "A retreat in the US dollar, driven by concerns over ...Read More >
New Delhi, Jul 1 (PTI) Cutting short the seven-day losing streak, gold prices rebounded by Rs 1,200 to Rs 98,670 per 10 grams in the national capital on Tuesday due to fresh buying by stockists in line with strong global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 97,470 per 10 grams on Monday. Gold of 99.5 per cent purity climbed by Rs 1,100 to Rs 98,150 per 10 grams (inclusive of all taxes) on Tuesday. It had closed at R ...Read More >
Mumbai, Jul 1 (PTI) The rupee appreciated 42 paise to 85.34 against the US dollar in early trade on Tuesday, as the American unit plunged to a multi-month low and a positive trend in domestic equities boosted sentiments. Forex traders said the US dollar index weakened in the overseas market as President Donald Trump's growing influence on Federal Reserve policy revived fears over the central bank's independence. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for July 01, 2025 Decl ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More >
MUMBAI: Fourteen weeks after the state government presented a ₹7-lakh-crore budget for FY 2025-26, it has tabled supplementary demands of ₹57,510 crore -- a sum which is about 8.21% of the budget and the second-highest supplementary demand in the history of the state. Terming this a sign of the government's fiscal indiscipline, the opposition and experts said that with further supplementary demands likely to be tabled in December and March, it could cross 15% of the budget and result in an unpre ...Read More >
New Delhi, Jun 30 (PTI) The central government's fiscal deficit fell to 0.8 per cent of the full-year target at the end of May, mainly due to a whopping Rs 2.69 lakh crore dividend received from the Reserve Bank of India. The fiscal deficit, or gap between the government's expenditure and revenue, had touched 11.9 per cent of the Budget Estimates (BE) for 2025-26 or Rs 1.86 lakh crore in April. Following the RBI's dividend payout, the Centre's fiscal deficit was reduced to 0.8 per cent of BE o ...Read More >
The Current Account Deficit or CAD (as per cent of GDP) is projected at 1.0 per cent in FY25 and 0.9 per cent in FY26, while the fiscal deficit is estimated at 4.4 per cent, according to a CareEdge Ratings report. India's GDP is projected to grow at 6.2 per cent in FY26, with CPI inflation around an average 4.0 per cent, a report showed on Friday, adding that it does not expect any further rate cuts from the RBI "unless downside risks to growth materialise". The Current Account Deficit or CAD ...Read More >
Mumbai, June 27 (SocialNews.XYZ) India's GDP is projected to grow at 6.2 per cent in FY26, with CPI inflation around an average 4.0 per cent, a report showed on Friday, adding that it does not expect any further rate cuts from the RBI "unless downside risks to growth materialise". The Current Account Deficit or CAD (as per cent of GDP) is projected at 1.0 per cent in FY25 and 0.9 per cent in FY26, while the fiscal deficit is estimated at 4.4 per cent, according to a CareEdge Ratings report. "T ...Read More >
New Delhi, Feb 4 (PTI) Finance Secretary Tuhin Kanta Pandey on Tuesday said the government has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and hoped that the RBI's monetary policy will work in tandem with fiscal policy to support growth. He also said that although rupee depreciation increases inflation on imported inputs, it also adds to export competitiveness. Pandey said that the government has bettered its fiscal deficit projections for the current fiscal ...Read More >
NEW DELHI: The GST Council will soon take a decision on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday. Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 percent. Luxury and demerit goods are taxed at the highest bracket of 28 percent, while packed food and essential items are in the lowest 5 percent slab. The Council, chaired by Sitharaman and comprising her state counter ...Read More >
New Delhi: The GST Council will soon decide on having fewer and lower rates as the review work is almost complete, Finance Minister Nirmala Sitharaman said on Tuesday. Currently, Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at the highest bracket of 28 per cent, while packed food and essential items are in the lowest 5 per cent slab. The Council, chaired by Sitharaman and comprising her state counterparts, ...Read More >
New Delhi: Increasing foreign investment limit in the insurance sector to 100 per cent from 74 per cent is likely to attract more global players in the growing Indian insurance market, Moody's Ratings said on Tuesday. Additionally, strong premium growth is expected to boost profitability of the sector. Currently, many foreign insurers are present in the country through joint ventures and could seek to increase their ownership stakes in their Indian affiliates following this change in regulatio ...Read More >
New Delhi [India], January 21 (ANI): The Centre is expected to continue its fiscal consolidation efforts in FY26, with a fiscal deficit target of 4.5 per cent of GDP, according to a report by Emkay Research. For FY25, the report noted that the fiscal deficit is estimated to track close to 4.7 per cent, while states are likely to record a fiscal deficit of 3.2 per cent of GDP. It said "we do not see the Centre deviating from its consolidation path in FY26, and is likely to target 4.5 per cent G ...Read More >
New Delhi, Jan 10 (VOICE) As the preparations for the Union Budget 2025-26, which generally comes on February 1, are in full swing, all eyes are now on the official confirmation from the government about presenting the budget over the weekend this year.There have been occasions in the past when the Union Budget was presented on Saturdays and the domestic stock markets were open. On February 1, 2020, and February 28, 2015, the markets were open on Saturday due to the presentation of the Union Bu ...Read More >
New Delhi, Dec 3 (PTI) Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent economists on December 6 to seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent recorded in the second quarter of the current financial year. Also Read | Pune Shocker: Bike Rider Dragged for 2 Kilometres on Bonnet of Car in Pimpri Chinchwad; 3 Booked. It wil ...Read More >
New Delhi, Dec 3 (PTI) Finance Minister Nirmala Sitharaman will commence customary pre-Budget consultations with various stakeholders beginning Friday. As part of the process, she will meet eminent economists on December 6 to seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent recorded in the second quarter of the current financial year. It will be followed by a meeting with farmer associations and agriculture economists and stakeholders in MSME sector ...Read More >
The United States 10-year government bond yield reached a low of 3.6% in September but has rapidly creeped up to 4.2%, erasing all the rate cut impact. The primary cause is the out-of-control public spending and the lack of confidence among bond investors in the government's ability to manage its public finances. Therefore, it is logical that investors fear an inflation bounce. The United States' government is obsessed with doping GDP with government spending and bloating job figures with publi ...Read More >
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