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Diversifying assets: RBI strategy has a heart of gold

Mumbai: The Reserve Bank of India (RBI) has accelerated gold purchases since October to mitigate revaluation risks to its foreign exchange stockpile and...
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Economy

EPFO can initiate assessment proceedings during liquidation: NCLAT on companies under IBC

The insolvency appellate tribunal has held that there is no bar against assessment proceedings by statutory authorities, including the EPFO, once the liquidation...
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Economy

India’s December palm oil imports hit 9-month low as buyers prefer soyoil: Report

India's palm oil imports in December plunged toa nine-month low as a rally in prices to a 2-1/2-year high prompted refiners to increase...
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Economy

Working group formed to revise WPI base year to 2022-23 from 2011-12

New Delhi: The government has set up a working group under NITI Aayog member Ramesh Chand for revising the base year of the...
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Economy

No legal right to seek reasons for excluding feedback in foreign trade policy: Govt

New Delhi: The government on Thursday said no person has any legal right to seek reasons for their suggestions, views or feedback not...
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Economy

Indian states’ fundraising may get expensive amid record borrowing, investors say

Indian states will have to pay an additional premium over central government securities to meet their record high borrowing target for the three...
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Economy

GST collection growth slows in December show

India’s goods and services tax (GST) collections rose 7.3% to `1.77 lakh crore in December from the year earlier, slowing from an 8.5%...
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Economy

India aims to double organic food exports to $1 bln

New Delhi: India aims to cross $1 billion of organic product exports next year and the country is exploring Mutual Recognition Agreements (MRAs)...
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