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Torrent Gas slashes CNG price up to Rs 8.25 per kg, PNG by Rs 5

Torrent Gas has licences to operate city gas networks retailing CNG to automobiles and piped natural gas, called PNG, to household kitchens in 34 districts across the country, including in Chennai and Jaipur.

Banking crisis in US makes Asian emerging markets a safe haven for investors

A Citibank analysis of global financial conditions shows Asian financial markets have tightened less than in the US and most Asian currencies have gained ground against the US dollar

How Karnataka received investments worth Rs 3.23 lakh crore and is attracting more

Foxconn’s plan to invest about Rs 8,000 crore is the latest. The company’s plants will be located at Doddaballapura and Devanahalli taluk. After many incentives and subsidies, the state is now working on a GIS-based system for providing information on compliances and quick identification of land parcels.

Inflation seen easing in March on softening food price rises: Poll

The data is due at 1200 GMT on April 12, less than a week after the RBI surprised markets and analysts by holding its key interest rate steady at 6.50% when most expected a 25 basis point rise.

Raghuram Rajan expects more bank troubles after SVB, Credit Suisse crises

Rajan said a decade of easy money and a flood of liquidity from central banks has caused an “addiction” and a fragility within the financial system as policy makers tighten policy.

Inflation kept at 6 % or below despite adverse circumstances: FM

Price rise is a matter on which the Centre is very sensitive and responsive, she said.

Top officials to discuss Navratna status for RVNL tomorrow

RVNL has recently bagged the NHAI order for the construction of Kona expressway in West Bengal and Varanasi- Ranchi-Kolkata Highway in Jharkhand

Finance Ministry to review GST systems on April 4: Sources

In the coming year, big data analytics and AI will be the most prominent weapons in the tax department’s arsenal that will help identify and arrest tax evasion.

Pakistan, Sri Lanka to weigh rate hikes as inflation, debt bite

Pakistan’s inflation quickened by a record last month, beating the median estimate and setting the stage for another jumbo increase on Tuesday

Delhi LG permits 55 more e-commerce, retail outlets to operate round-the-clock

The proposal, given by the Labour Department and endorsed by Chief Minister Arvind Kejriwal, was made to exempt another 55 establishments from Sections 14, 15 and 16 of the Delhi Shops and Establishments Act, 1954.

India's foreign trade set to cross US$ 1.6 trillion mark this fiscal: Report

The Global Trade Research Initiative (GTRI) said the USD 1.6 trillion would be about 48 per cent of India’s nominal GDP of USD 3.4 trillion for the fiscal year ending March 2023.

Govt may consider 0.3% fee to maintain UPI payment system & ensure financial viability: Report

The facilitation fee of 0.3 per cent can generate around Rs 5,000 crore in 2023-24, said the study titled ’Charges for PPI-based UPI payments–The Deception’.

Pakistan inflation scales to record 35.37% as IMF reforms spur gains

The central bank last month delivered a blowout 300-basis-point increase to 20 percent to rein in skyrocketing prices that were stoked by a weaker currency

EPFO sets 8.15% interest rate on provident fund for this fiscal

EPFO had declared 8.1 percent as the rate of interest for 2021-22, which is the lowest in four decades. The last time the interest rate slipped to 8 percent was in 1977-78

India’s $1-trillion bond market sees growing share of retirement savings

India is one of the fastest-growing insurance markets in the world and forecast to be the sixth biggest by 2032. Total insurance premiums will grow on average by 14 percent annually in nominal local-currency terms over the next decade

US banking crisis unlikely to affect India’s public sector banks: Rajiv Kumar

Silicon Valley Bank, which was a key funding source of startups in the US, collapsed on March 10. This was followed by the failure of Signature Bank on March 12.

Indian economy on course to 7% growth, inflation set to cool off: Finance ministry

Supported by the gains from high services exports, the moderation in oil prices, and the recent fall in import-intensive consumption demand, India's current account deficit is estimated to fall in FY23 and FY24, providing a buffer to the rupee in uncertain times, Monthly Economic Review by the ministry said.

Retail inflation for agri, rural workers grows marginally in Feb 2023

Point to point rate of inflation based on the CPI-AL (consumer price index for agricultural labourers) and CPI-RL (rural labourers) were at 5.59 per cent and 5.94 per cent, respectively in January 2023, the Ministry of Labour and Employment said.

Tax demands of Rs 13,566 crore raised in four fiscals under black money law: MoS Finance

In a written reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary informed that 183 assessment orders were passed in 2021-22 and a demand of Rs 5,350 crore was raised under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

Gold prices touch lifetime high of Rs 60,100 per 10 grams

Ravindra Rao, CMT, EPAT VP-Head Commodity Research, Kotak Securities Ltd said the western banking crisis upended global markets, taking domestic gold prices to a record high, to above Rs 60,000 per 10 grams.

Oil hits lowest since 2021 on banking fears

In volatile trading, Brent crude futures for May fell $2.07, or 2.8%, to $70.90 a barrel at 0950 GMT.

Delhi GST officers detect Rs 17 crore tax evasion by issue of fake invoice, arrests 2

Central Goods and Service Tax (CGST) Delhi South Commissionerate conducted inspection at the registered premises of three bogus firms/company, namely M/s. NexGen Busicorp, M/s. XEL Informatics and M/s. GW Infotech Pvt., engaged in fake invoicing and circular trading, according to a statement.

China central bank warns SVB collapse shows hazard of rapid rate hikes

The abrupt collapse of SVB this month roiled global financial markets and put authorities around the world on alert for signs of contagion

China cuts reserve requirement ratio to boost economy

Economists said the cut was aimed at ensuring liquidity in the banking system to sustain the rapid pace of lending seen in January and February