Public sector banks’ cumulative profit crossed ₹1.4 lakh crore in the financial year ended March 2024, recording a growth of 35% over the previous year on a high base of ₹1 lakh crore. The 12 Public Sector Banks (PSBs) together had earned a net profit of₹1,04,649 crore in 2022-23. Out of the total profit of […]
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U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters, who give his economic policies low marks. Biden will keep tariffs put in place […]
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The Finance minister Nirmala Sitharaman said on Tuesday that Prime Minister Narendra Modi’s likely third term will be marked by “more governance and less government”, with a continued thrust on an investment-led and inclusive growth strategy, and welfarism that seeks to uplift the poor. It will also be marked by policies for “greater foreign direct investment […]
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