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Business
Rupee Strengthens by 10 Paise Against US Dollar: Factors Supporting the Currency
Rupee began Thursday on a positive note, recovering 10 paise to trade at 96.65 against the US dollar in early deals. This recovery comes amid likely intervention by the Reserve…
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Business
Russia Considers Re-entering European Gas Market Amid Sanctions and Ongoing Ukraine Conflict, According to Report
Russia is reportedly in discussions to revive gas supplies to Europe through the Nord Stream pipelines, which previously transported Russian gas to Germany. Talks are underway to involve a U.S.…
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Business
Government Weighs Delay on UPI MDR Rollout Amid Reports of No Fees Starting October 15
The Indian government is considering postponing the implementation of the Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions to January 2027. Originally set to take effect on October…
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Business
Chennai ITAT Grants Full Tax Exemption on Leave Encashment for Retired Bank Employee Following Government Limit Increase
A recent ruling by the Income Tax Appellate Tribunal (ITAT) in Chennai has clarified the applicability of a higher leave encashment exemption limit for retired employees. The tribunal ruled in…
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Business
Indian Railways Launches Ambitious High-Speed Initiative with Seven New Bullet Train Corridors
Imagine traveling from Delhi to Varanasi in under four hours or covering the distance between Mumbai and Pune in less than an hour. Indian Railways is working towards making this…
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Business
IT Minister Vaishnaw Announces Upcoming AI Regulation Consultation Paper, Emphasizing Safety and Deepfakes
Union minister Ashwini Vaishnaw announced on Friday that the Indian government is set to introduce regulations for artificial intelligence (AI), beginning with a consultation paper to be released next month.…
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Business
India’s Booming GDP Contrasts with Stock Market Decline: What Are the Underlying Issues?
India’s GDP has exceeded expectations, achieving a growth rate of 7.8%. The World Bank anticipates an even stronger performance in the coming year. However, this economic success contrasts sharply with…
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Business
RBI Governor Sanjay Malhotra Discusses Economic Implications of Potential India-US Trade Deal Failure
India’s Reserve Bank Governor Sanjay Malhotra stated on Wednesday that the country’s trade agreements with other nations could help cushion the impact of potential US tariffs if the India-US trade…
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Business
RBI Increases Repo Rate by 25 Basis Points, Citing ‘Rate Cuts Off the Table’ While Upgrading GDP Growth Forecast to 7.1%
RBI Governor Sanjay Malhotra announced a 25 basis points increase in the repo rate on Wednesday, bringing it to 5.50%. This decision by the Monetary Policy Committee (MPC) aligns with…
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Business
RBI Raises Repo Rate After 3.5 Years: Implications for EMIs and Loan Interest Payments Explained
The Reserve Bank of India (RBI) has raised the repo rate by 25 basis points to combat rising inflation, which has been exacerbated by global events such as the US-Iran…
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Business
Cabinet Set to Approve Rs 10,000 Crore Fund for SME Growth and Integrated Logistics Authority
NEW DELHI: The Union Cabinet is set to review two key proposals aimed at enhancing the government’s growth and infrastructure initiatives. These include the establishment of an Integrated Transport and…
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Business
US-Iran Conflict and Trump Policies: Implications for India’s Economy Amidst Strong GDP Growth
India has retained its status as the fastest-growing major economy, with GDP growth surpassing expectations despite challenges posed by the ongoing US-Iran conflict. The nation, which relies on imports for…
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Business
ATF Price Surge: Government Considers Reviving Stabilisation Fund Amid Airline Fuel Challenges – Report
NEW DELHI: The Indian government is considering a new mechanism to stabilize aviation turbine fuel (ATF) prices amid rising fuel costs driven by the ongoing crisis in West Asia. A…
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Business
Consumer Commission Awards Refund and Compensation for Diesel SUV with DPF Issues
The Kurnool District Consumer Disputes Redressal Commission has ordered Kia Motors and its dealer to refund the ex-showroom price of a diesel car to a buyer due to ongoing issues…
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Business
MMTC and STC Face Potential Loss of Gold Import Tax Advantage as GST Council Considers 3% GST
Government entities such as MMTC and the State Trading Corporation of India may soon be included in the goods and services tax (GST) framework for importing gold and other precious…
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