The Indian rupee hit a new record low of 87.29 against the US dollar on February 3, 2025, as concerns over a global trade war fueled a surge in the greenback. The sharp depreciation follows US President Donald Trump’s decision to impose new tariffs on imports from Mexico, Canada, and China, further escalating trade tensions Read More…
From February 1, 2025, UPI transactions will be blocked for apps that use special characters in transaction IDs, following new guidelines issued by the National Payments Corporation of India (NPCI). The move is aimed at boosting security, streamlining payments, and reducing fraud risks by enforcing a standardized format for transaction identification. Banks and payment providers Read More…
Kochi: Gold prices in Kerala have soared to an all-time high, with one sovereign (8 grams) now priced at ₹60,760, reflecting a ₹680 increase. The price of one gram of gold has risen to ₹7,595, marking a ₹85 jump. Despite a slight dip in the past two days, gold rates continue to remain above the Read More…
NITI Aayog’s latest Fiscal Health Index (FHI) has flagged Kerala as one of the most fiscally strained states in India. The index, which evaluates the financial performance of 18 major states across five parameters—Quality of Expenditure, Revenue Mobilization, Fiscal Prudence, Debt Index, and Debt Sustainability—ranked Kerala poorly due to concerns over debt sustainability and inefficient Read More…
The Reserve Bank of India (RBI) has imposed hefty penalties on three banks for non-compliance with various regulatory guidelines. These fines, running into crores, were levied following investigations that revealed significant lapses in adherence to banking norms and operational practices. While the RBI has not disclosed specific names in its preliminary statement, the violations reportedly Read More…
The Karnataka government is set to draft a new bill to address concerns over the activities of microfinance firms operating in the state. Law Minister HK Patil, speaking after a cabinet meeting on Friday, stated that the Reserve Bank of India (RBI) and other central finance agencies have been unable to effectively regulate these firms, Read More…
New York: U.S. President Donald Trump has reiterated his warning to BRICS nations, including India, against replacing the U.S. dollar with an alternative currency. Speaking after being sworn in as the 47th President on Monday, Trump declared that any such move would result in a 100% tariff on trade with the U.S. “If BRICS nations Read More…
Gold prices in India have reached an unprecedented high, with one sovereign (8 grams) now priced at ₹60,200—a sharp increase of ₹600. The surge is attributed to global economic concerns and the weakening of the U.S. dollar, which has intensified demand for the precious metal. On the international stage, spot gold prices have hit an Read More…
In their pre-budget discussions with Finance Minister Nirmala Sitharaman, RSS-affiliated unions have put forward significant proposals for the 2025 Union Budget. Among the key recommendations is raising the income tax exemption threshold to ₹10 lakh, designed to enhance the disposable income of taxpayers and address ongoing economic challenges. Further, the unions have called for an Read More…
In a recent report highlighting consumer spending patterns across India, southern states like Kerala, Telangana, and Tamil Nadu have emerged as leaders in per capita expenditure, showcasing stronger purchasing power and better living standards. Industrialized states such as Gujarat and Maharashtra have reported spending levels hovering around the national average, reflecting balanced economic growth and Read More…