Google Pay has implemented a convenience fee for bill payments made via credit and debit cards, ranging from 0.5% to 1% of the transaction amount, plus applicable GST. This change impacts users paying for utilities like electricity and gas through their cards, while UPI-linked bank account payments remain free of charge. The exact fee is Read More…
Kochi: After reaching record highs, gold prices took a sharp plunge today, dropping ₹560 per sovereign, bringing the price below ₹64,000. Currently, one sovereign costs ₹63,520, while one gram is priced at ₹7,940, marking a ₹70 decline. This sudden drop follows an unprecedented ₹3,000 surge over the past week. Yesterday, gold prices spiked by ₹640 Read More…
New Delhi, February 11, 2025 – Finance Minister Nirmala Sitharaman addressed the Lok Sabha, shedding light on the recent depreciation of the Indian rupee against the U.S. dollar. Citing former RBI Governor Raghuram Rajan, she attributed the rupee’s decline primarily to the strengthening of the dollar rather than domestic economic weaknesses. Sitharaman emphasized that the Read More…
Mumbai: Indian stock markets suffered a major jolt as the Sensex tumbled over 1,000 points, reacting to fresh tariffs imposed by U.S. President Donald Trump. The new trade measures, mainly targeting aluminium and steel imports, have intensified global market jitters, triggering a wave of foreign investor sell-offs in Indian equities. While India’s steel exports to Read More…
Kochi: The unstoppable rally in gold prices continues, setting new records. Gold surged by ₹640 per sovereign today, pushing the price to an all-time high of ₹64,480. The price per gram also climbed ₹80, now standing at ₹8,060. In just February, gold has witnessed a remarkable ₹2,520 increase per sovereign. Since breaching the ₹60,000 milestone Read More…
The Indian rupee staged a recovery on Friday, gaining 15 paise from its all-time low to close at 87.44 against the US dollar. This rebound came after the Reserve Bank of India (RBI) announced a 25-basis point cut in the repo rate to 6.25%, marking its first rate reduction since May 2020. Despite the temporary Read More…
Mumbai: In a significant move to boost economic growth, the Reserve Bank of India (RBI) has cut the repo rate by 25 basis points, bringing it down to 6.25%. This marks the first rate reduction since May 2020, when the central bank slashed the rate by 40 basis points to 4% amid the COVID-19 crisi Read More…
The Union Cabinet is expected to approve the much-anticipated Income Tax Bill tomorrow, setting the stage for its introduction in Parliament next week. Announced by Finance Minister Nirmala Sitharaman during the Union Budget 2025-26, the bill aims to modernize and simplify India’s direct tax system. Often referred to as the Direct Tax Code, the proposed Read More…
The Indian rupee plunged to a record low, closing at 87.4650 against the US dollar on Wednesday, marking a 0.4% decline in a single day. The sharp depreciation is driven by growing expectations of an imminent interest rate cut by the Reserve Bank of India (RBI) and the triggering of stop-loss orders in the forex Read More…
Sanjay Malhotra, who took office as the Reserve Bank of India (RBI) Governor in December 2024, is expected to shift the RBI’s monetary policy towards a more growth-friendly stance. This marks a departure from his predecessor, Shaktikanta Das, who focused on controlling inflation with higher interest rates for the past two years. Under Malhotra’s leadership, Read More…