US Treasury Secretary Janet Yellen and the Organization for Economic Cooperation and Development (OECD) declared on Thursday that over 130 countries, including Switzerland, China and India, have accepted to back a global minimum corporate tax...

Under a severe stress scenario, the Reserve Bank of India (RBI) has warned that bad loans in the banking system will account for 11.22 percent of advances. The central bank also expressed concern about the beginnings of stress among medium and...

The government has broadsheet of amendments in the LIC Act, 1956, which are part of Finance Act 2021, making way for the well-established corporation, with over Rs 35 lakh crore assets, to corporatize and list its shares on domestic stock...

Ratings agency ICRA on Thursday maintained its growth forecast for the two-wheeler sales at 12-14 per cent for the ongoing fiscal, despite the second wave of the coronavirus pandemic hitting non-metro and hinterlands that dampened...

India's external debt surged by USD 11.5 billion year-on-year to USD 570 billion as of March-end 2021, as per the Reserve Bank of India data released on Wednesday. The external debt to GDP ratio increased to 21.1 per cent as of March-end...

The non-food bank credit growth slowed to 5.9 per cent in May 2021, as compared to 6.1 per cent in the year-ago month, suggested RBI data. Credit to agriculture and allied activities continued to perform well, registering an accelerated growth...

On Thursday, India celebrates the fourth anniversary of the Goods and Services Tax (GST). The central government has named July 1 as 'GST Day,' which is marked every year to commemorate the implementation of the historic tax reform. The...

India’s current account balance (CAB) recorded a deficit of 8.1 billion US dollars (1.0 per cent of GDP) in the fourth quarter ended March 2021, as against a surplus of $0.6 billion (0.1 per cent of GDP) in Q4 of 2019-20 and a deficit of...

The Centre has kept the small savings rate unchanged for the July-September quarter to offer the common man relief from lower savings earnings amid the pandemic. With interest rates falling all across financial instruments, the government was...

The global supply chain industry is a booming market segment was reported to have an estimated value of 15.85 billion US dollars in the year 2019 and the industry is said to grow at 11.2 percent from 2020 to 2027 and reach an estimated market...