Thursday, May 23, 2024

May 11, 2024 5:20 PM

India’s forex reserves rise USD 3.7 billion in latest week

India's foreign exchange reserves witnessed a significant rebound, rising by $3.668 billion to $641.590 billion in the week ended May 3, according to data released by the Reserve Bank of India (RBI). This increase comes after three consecutive weeks ...

May 1, 2024 4:33 PM

GST collection for April 2024 highest ever at Rs 2.1 lakh crore

Gross Goods and Services Tax (GST) collections surged to a record high of Rs 2.10 lakh crore in the month of April, registering a 12.4 per cent year-on-year growth. The Ministry of Finance attributed the rise in GST collection to a robust uptick in ...

February 10, 2024 12:55 PM

Understanding the Sovereign Gold Bond Scheme 2023-24 (Series IV)

The Ministry of Finance, in collaboration with the Reserve Bank of India (RBI), is set to launch the Sovereign Gold Bond Scheme 2023-24 (Series IV), which will be open for subscription from February 12th to February 16th, 2024. This scheme allows inv...

January 31, 2024 8:26 PM

Government cuts import duty on mobile phone components to 10%

The government has slashed the import duty by 5 percent on some parts used for manufacturing of mobile phones. According to a Finance Ministry notification, duty has been lowered on components such as battery cover, front cover, middle cover, main le...

October 19, 2023 4:12 PM

IMF relaxes forex reserve and revenue targets for Bangladesh

The International Monetary Fund (IMF) has relaxed several targets for Bangladesh. For the loan package of $4.70 billion, the IMF had set some targets for Bangladesh including foreign exchange reserves, revenue collection, and automatic price adjustme...

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