Page 126 - Finance News

Budget 2025: Decoding tax and non-tax revenue and why they matter

As the Union Budget 2025 approaches, it is crucial to understand how the government earns its revenue from taxes and non-tax sources. Here's a breakdown

Rupee rises 14 paise to 86.46 against US dollar in early trade today

At the interbank foreign exchange, the rupee opened at 86.48 and touched 86.46 against the greenback, registering a gain of 14 paise over its previous close

Finance Ministry dept to meet business correspondents, banks next week

Senior executives of banks to attend discussion; commissions and penalties for sector on agenda

Banks, fintechs embark on profitable pilgrimage at Maha Kumbh Mela

Amid a crisis in deposits, banks hope to leverage the biz opportunities, with state govt projections estimating that event could generate Rs 25,000 cr in revenue and a Rs 2 trillion economic spinoff

Rupee REER declines in December after November peak, shows RBI data

The REER is expected to have declined further in January 2025, said market participants

Rupee expected to appreciate a bit, to hover around 85-86 per US dollar

Rupee may not now see the level of 83 despite RBI's intervention and the Indian currency being more stable than others

RBI Guv's crafted statements boosted confidence during adverse times

The study highlighted that effective communication goes beyond being clear, understandable, and engaging

Outward remittances under LRS increase 3.6% in November: RBI data

In the September-November quarter of financial year 2025, Indians remitted $7.1 billion overseas, compared to $7.5 billion in the same period last year

Forex interventions proven to mitigate capital flow volatility: RBI report

It examined the effectiveness of the RBI's forex interventions and found that the primary driver of exchange rate volatility in India is the fluctuation in portfolio flows caused by global spillovers

RBI sold record $20.2 billion in November to back rupee amid FPI outflows

Forward book dollar deficit ballooned to $58.9 bn

Flows in NRI deposits up 71% in April-November 2024, shows RBI data

Total outstanding NRI deposits stood at $162.7 billion

Use '1600xx' number series to call customers for transactions: RBI to banks

Banks and other regulated entities (REs) have also been asked to monitor and clean their customer database

Rupee gains 3 paise to 86.58 against US dollar during early trade

Higher crude oil prices and volatile global trends failed to prevent the withdrawal of foreign funds from domestic equities

Fed rate cut prospects may boost rupee despite Trump-related concerns

Asian currencies were mostly higher, with the Chinese yuan ticking higher as the country's economic growth beat forecasts

A day after rebound, Rupee falls 16 paise to settle at 86.56 against dollar

The local unit settled with a gain of 13 paise at 86.40 against the dollar on Wednesday, a day after rebounding 17 paise from its lowest-ever level

Punjab National Bank, Indian Bank get new chief executive officers

He brings with him extensive experience in banking, spanning more than three decades in various capacities. As Executive Director of Punjab National Bank (PNB) since November 2022

Axis Bank's Q3FY25 results: Net profit rises 4% to Rs 6,034 crore

Bank reported fresh slippages of Rs 5,432 crore, up 46%

PSU funds: Recovery may take a while; stay put if you've long horizon

Stocks in areas such as defence, capital goods, railways, and PSU banks had rallied significantly

Tata Sons' de-registration application under consideration, says RBI

On Thursday, the regulator released the list of NBFC-UL for 2024-25 in which 15 entities are named, same as financial year 2023-24. No new NBFCs were included in the list for FY25

Bond yields drop 6 bps to 6.75% on RBI's daily VRR auction assurance

RBI receives bids for Rs 30.7K cr on Thursday against notified amount of Rs 50K cr