Small savings schemes play a crucial role in government finances as Centre and some states borrow against the National Small Savings Fund.
The IMF said it expects global economic growth to slow to 2.9 per cent in 2024 from an expected 3 per cent this year. The forecast for next year is down a notch from the 3 per cent it predicted back in July.
The facility for exchange of the Rs 2,000 banknotes was available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices) from May 19.
India achieved the target of 10 per cent ethanol blending in petrol in June last year, months ahead of the targeted timeline of November 2022.
“The WTO is not a forum to discuss security issues, and our plans around checking the imports of laptops and personal computers is primarily coming from a safety and security perspective. We will explain that in the next meeting,” a senior government official said, requesting anonymity.
In Asian markets, Hang Seng and Nikkei 225 traded higher by 0.54 per cent and 1.72 per cent, respectively, while China’s Shanghai Composite was not trading.
Gold prices held near one-month lows on Friday, shrugging off cooler-than-expected US inflation figures for last month, with bullion staying on course to wrap up its worst week in seven.
HDFC Bank, India’s largest private lender, saw its employee turnover rate over the last year rise to 34%, while Axis Bank was at nearly 35%. Kotak Mahindra Bank’s attrition surged to about 50%, with smaller peer Yes Bank in toe at 43%.
Nirmala Sitharaman asked banks and financial institutions to ensure that their customers nominate heirs, which can help reduce the quantum of unclaimed money.
The fraud was first identified in May this year after an individual complained with the Noida police about identity theft and fake GST registrations in his name.