Page 7 - Nikesh Singh

Smuggled gold seized at airports doubled in FY23, FinMin tells Lok Sabha

Mumbai witnessed 50 per cent growth in gold seized in FY23 compared to the pre-pandemic year of FY20

RBI doing it right on rate hikes, need more: IMF economist Luis Breuer

He also said the Budget's focus on prudence and fiscal consolidation was a good step that will reduce and stabilise public debt, which is quite high in the country compared to other G20 countries

Deepak Mohanty new PFRDA chairperson, Mamta Shankar named whole-time member

Mohanty was whole-time member (economics) of PFRDA and retired in May 2022

HDFC Bank, Flipkart Wholesale launch co-branded card for latter's members

The product will offer users 5% cashback on Flipkart Wholesale online spending. Members can apply for the card directly at Flipkart Wholesale stores and on its Best Price Flipkart Wholesale app

PNB signs deal with warehousing body for financing against e-NWR

Partnership will give farmers information about negotiable instrument meant to assist rural economy

India's manufacturing growth to continue in Q4, says Ficci survey

The responses have been drawn from over 400 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 10 trillion

FinMin pushes PSBs to enhance procurement via GeM to Rs 10,000 cr in FY24

GeM Sahay to provide short-term loans to all sellers

PM Modi exhorts India Inc to make most of budget, ramp up investments

'Govt paving way for collective ownership in Budget implementation'

Private sector should increase investments, benefit from Budget: Modi

Trust and expectation have replaced doubt in discussions about Indian economy, he says

DFS work on draft insurance law complete, sent to Cabinet for approval

The amendments aim to enhance the security of policyholders, promote their interests, and improve returns

CPSE dividend crosses Rs 50,000 crore for second consecutive year

During the current fiscal year (FY23) so far, Rs 50,279 crore has come as dividends from CPSEs

Old pension scheme bad for India: PFRDA ex-boss Supratim Bandhyopadhyay

"The old pension scheme is like accepting a post-dated cheque of a bank that is bound to fail"

Had meeting with Adanis, happy about it: LIC chairman M R Kumar

LIC's exposure to the Adani group has been under scrutiny since the report by the US-based shortseller became public

HDFC first private bank to tie up with IRCTC for co-branded credit card

Earlier, IRCTC has only partnered with SBI and Bank of Baroda for this travel segment of the card

Centre's fiscal deficit widens to 67.8% of revised full-year target

Govt capex stays strong, 29% higher in 10 months of FY23

Create a roadmap to upscale organic farming in Sikkim: FM Sitharaman

To boost tourism, the state can take the initiative to call some of the tourism aggregators who facilitate homestays, said Finance Minister Nirmala Sitharaman

MDB reforms to facilitate climate financing: FM Nirmala Sitharaman

She emphasised the country's belief that the recommendations of the expert panel on the MDB's capital adequacy frameworks can significantly unlock development financing

Indian economy likely to grow at 5.9% in FY24, says India Ratings

The rating agency expects the average retail and wholesale inflation to be at 5.4 per cent and 1.1 per cent, respectively

FM Nirmala Sitharaman defends RBI: 'Reining in inflation, capital outflows'

India's retail inflation reversed its downward trend in January at 6.52 per cent and once again breached the central bank's upper tolerance limit

RBI may consider priority sector status to green hydrogen projects

The Department of Financial Services on Friday held a meeting, seeking suggestions for easing of financing provisions for the projects being taken up under the National Green Hydrogen Financing