DDIndia Business: Economic Headlines & Updates

Business

October 1, 2023 10:26 AM

RBI extends deadline for exchange of Rs 2,000 notes to October 7

The Reserve Bank of India (RBI) has extended the deadline for depositing or exchanging Rs 2,000 denomination banknotes until October 7, 2023. Originally, September 30 was set as the deadline to facilitate the withdrawal process. In the past month, t...

October 1, 2023 10:08 AM

Jaishankar highlights strong India-US partnership and Gandhi’s enduring legacy

External Affairs Minister S. Jaishankar emphasized the limitless potential of the India-US relationship during his address to the Indian diaspora at the 'Colors of Friendship' event at India House in Washington DC. He noted that today, New Delhi and ...

September 29, 2023 10:03 AM

Green initiatives will be taken in the construction sector to make the country carbon neutral by 2070: Gadkari

Union Road Transport and Highways Minister Nitin Gadkari said on Thursday that green initiatives will be taken in the construction sector to achieve Prime Minister Narendra Modi's vision of making the country carbon neutral by 2070. Gadkari said a...

September 27, 2023 10:23 AM

Gulf Nations Brace for Prolonged Period of Elevated Interest Rates Following Fed’s Lead

Economists are predicting that the United Arab Emirates (UAE) and other Gulf Cooperation Council (GCC) countries will endure an extended period of elevated interest rates, closely mirroring the actions of the United States Federal Reserve. Over the ...

September 26, 2023 12:47 PM

Jaishankar meets UAE counterpart Abdullah bin Zayed in New York

External Affairs Minister (EAM) S Jaishankar on Tuesday met his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan on the sidelines of the 78th United Nations General Assembly session in New York City. During this meeting, the two ministers lauded ...

September 26, 2023 11:23 AM

Monsoon starts retreating from India, rain deficit further narrows down

The India Meteorological Department (IMD) recently announced that the monsoon's retreat from India commenced on September 25, 2023, marking an eight-day delay from the usual withdrawal date of September 17. This marks the 13th consecutive year of a d...

September 22, 2023 9:58 AM

Middle East’s Premier ‘Free From Food’ event wraps up, leaving a mark on the F&B industry

The ‘Free From Food’ Dubai event, which took place on September 20th and 21st at Le Méridien, Dubai Hotel & Conference Centre, has drawn to a successful close. Organized by Expo Business Communications in partnership with the UAE Food & ...

September 20, 2023 2:31 PM

Widening social security umbrella: ESIC records remarkable growth in registrations

In a significant development, the Employees' State Insurance Corporation (ESIC) has reported a remarkable surge in enrollments and registrations under the ESI Scheme for the month of July 2023. These statistics not only underscore the increasing cove...

September 20, 2023 12:32 PM

CBDT extends deadline for ITR-7 and audit report filings for AY 2023-24

In a much-welcomed move by the Central Board of Direct Taxes (CBDT), the deadline for filing audit reports and Income Tax Return in Form ITR-7 for Assessment Year 2023-24 has been extended. This extension comes as a relief to taxpayers, particularly ...

September 19, 2023 3:56 PM

African Union to launch own credit ratings agency

The African Union plans to launch a new African credit rating agency next year in response to its concerns about what it views as unfair ratings given to African countries. The agency will generate its own evaluation of lending risks associated with...