Union Finance Minister Nirmala Sitharaman said the decision was not taken with consensus, as had happened at the time of the GST change on lottery, with some states registering dissent but most states asking for early implementation of the decision taken at the last Council meeting.
Last week, the RBI asked banks to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023, and July 28, 2023.
Speaking at the annual FIBAC event, Das said household inflation expectations are becoming more anchored, but added that headline inflation is vulnerable to recurring and overlapping food price shocks.
RIL’s subsidiary Reliance Jio Platforms has posted a 12.5 per cent rise in net profit at Rs 5,098 crore for the June quarter from Rs 4,530 crore a year ago. Gross revenue increased 11.3 per cent to Rs 30,640 crore during the quarter.
Besides, selling pressure in the domestic equity markets dented market sentiments, forex traders said.
Import.io’s mission is to structure the web and make web data available to everyone.
HDFC International Life and Re has been set up by HDFC Life, while HDFC AMC International (IFSC) Ltd has been established by HDFC Asset Management Company to offer services to NRIs and the global Indian diaspora.
Marlin, Alter & Associates provides background information on individuals and businesses.
Shares of Infosys, India’s second-largest IT company, fell over 10 per cent in the early session on Friday after the tech company announced its June quarter results on Thursday.
Development Seed helps governments, NGOs, and development agencies to solve complex issues with open data and open technologies.