In December 2024, banks will be closed for various occasions apart from every Sunday and second and fourth Saturdays. Bank Holidays December 2024: Banks will be closed for several days during December 2024 for various regional and national holidays. The Reserve Bank of India’s website provides detailed information about these holidays, which vary by state.In…
Das has repeatedly said the RBI wants to see inflation settling around the 4% target level on a durable basis before considering a cut. India’s central bank governor Shaktikanta Das said an interest rate cut at this stage would be “very, very risky” and he’s in no hurry to join the wave of easing by…
Reserve Bank of India governor Shaktikanta Das India’s new monetary policy committee may lay the ground for an interest rate cut on Wednesday as a wave of global easing kicks off and growth in the world’s fastest-expanding major economy moderates. While most of the 35 economists in a Bloomberg survey expect the Reserve Bank of…
Government internships to apply for in October 2024 In today’s fast-paced job market, good grades alone no longer guarantee success. Employers are increasingly focused on practical skills and real-world experience, which has made internships a crucial stepping stone for young professionals.Internships not only offer hands-on training but also provide students with invaluable lessons on how…
NEW DELHI: Dominance of fossil fuels in electricity generation in India will end by the end of the decade said Reserve Bank of India in its latest report.The report also noted that the renewable energy is expected to cross 50 per cent share in electricity generation globally. It added that the energy transition has accelerated…
NEW DELHI: The Finance Ministry on Friday said that the central government plans to accumulate Rs 20,000 crores by introducing the ‘Sovereign Green Bonds‘ in the second half (Oct-Mar) of the financial year 2025.The ministry in a press release informed the government’s plans to complete the borrowing for the second half of FY 25 through…
Fixed deposit (FD) investors have benefited from rising interest rates over the past 1-2 years, with rates reaching their peak and remaining there for a considerable time. However, this favorable situation is not expected to continue indefinitely. Although the Reserve Bank of India (RBI) has maintained the repo rate, it is anticipated that this may…
NEW DELHI: Direct tax collections have increased over 23% to Rs 6,45,239 crore during this financial year up to July 11, driven by a faster rise in personal income tax, the Central Board of Direct Taxes (CBDT) said on Saturday.Net collections were 19.5% higher at over Rs 5.7 lakh crore as refunds soared almost 65%…
MUMBAI: Reserve Bank of India Governor, Shaktikanta Das on Thursday said that the timely action and prompt measures has moderated the growth of unsecured loan, adding that failure to do so could have led to a “bigger problem”.Addressing the second edition of the global conference on financial resilience organised by the College of Supervisors (CoS)…
