Month: February 2023

Prime Minister Narendra Modi will release the 13th instalment of financial benefits worth Rs 16,800 crore to over eight crore eligible farmers under the flagship PM-KISAN scheme on Monday ahead of Holi and rabi harvesting. Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), eligible farmers are provided with a financial benefit of Rs 6,000 per year in three equal […]

The Reserve Bank of India’s (RBI’s) recently released draft guidelines on minimum capital requirements provide more flexibility to banks for treatment of certain instruments, but lenders may need 15-20 per cent more in capital for market risk, bank officials said.

India’s economic growth may show a lower than 5 per cent print in the December quarter of FY23 on a normalising base, even though many high frequency indicators point to a sequential improvement in performance.

The Securities and Exchange Board of India (Sebi) is likely to scrap an incentive it allows fund houses for mobilising assets from smaller centres — called Beyond 30 (B30) in industry parlance. At present, mutual funds can charge up to 30 basis points over and above the total expense ratio (TER) on assets garnered from […]

Private consumption in the country is likely to be affected because of a cutback in fresh hiring and lower pay increments given by domestic IT companies, whose salary bill continues to grow faster than that of the rest of Indian Industry.