‘The demand for oil has remained the same’ Petroleum product prices are headed for further correction after the Organiztion of the Petroleum Exporting Countries (OPEC) decided not to resort to output cut to revive falling Brent crude prices.
The Reserve Bank of India on Friday came out with the final guidelines for the Bharat Bill Payment System (BBPS), which will help consumers pay multiple bills like electricity, telephone and school fees at a single point of transaction. “The BBPS
Gross Domestic Product (GDP) growth was dragged down by the poor performance of the manufacturing sector which nearly came to a grinding halt. The economy slowed in the first full quarter of the new Government, growing at 5.3 per cent from 5.7 per cent
The GDP growth in the first half of the financial year, April-September, stands at 5.5 per cent as against 4.9 per cent in the corresponding period last year. The September quarter registered a growth of 5.3 per cent, show data released by the Central Sta
The Reserve Bank of India (RBI) on Friday said the government had decided to withdraw the 20:80 scheme and other restrictions placed on import of gold.“All instructions issued about the scheme from time to time starting with August 14, 201
Indians spent an average of $459,028 (Rs.2.81 crore) to buy properties across cities like Los Angeles, Las Vegas, Chicago, Dallas and New York. Indians bought residential properties in the U.S. estimated at $5.8 billion in value terms for the year endin
In a test of their sense of financial security, the Swiss are being asked to vote on a proposal to make the central bank hold a fifth of its reserves in gold within five years. In Switzerland, a campaign is on to protect the country’s wealth by in
Of the 7.64 crore bank accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) so far, 5.74 crore have no deposits. A total of Rs. 6,015 crore is held in the remaining 1.9 crore accounts. Thus, the average deposit in each of these is Rs. 3165.78.
Union Finance Minister Arun Jaitley on Thursday hinted in the Lok Sabha that the government was considering amending the anti-money laundering and Income Tax laws to get back the black money stashed away abroad, admitting that there were weaknesses in the
The Reserve Bank of India (RBI) on Thursday said banks could extend loans to individuals against long-term bonds issued by them. This would “provide liquidity to retail investors who are invested in long-term bonds issued by banks for financing inf