According to the RBI’s new guidelines, if you transfer money to the wrong UPI address, you can expect to get your money back within 24 to 48 hours. Here are 5 Ways to Recover Money Sent to the Wrong UPI Address: With the Unified Payments Interface (UPI), users can easily transfer money digitally. However, issues […]
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In 2023-24, Gujarat surpassed Uttar Pradesh in attracting bank funds for projects. Gujarat secured funding for 154 projects, accounting for 14.7% of the total Rs.3.9 lakh crores financed, up from 14% in the previous year. Uttar Pradesh, which received funds for 69 projects, saw its share drop to 7.6% from 16.2%. Gujarat replaced Uttar Pradesh […]
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The Company registrations decreased by almost 11% year-on-year in July, following a 12% increase in June. A total of 14,887 companies, including foreign firms, were incorporated in July, against 16,698 a year ago. With this, company registrations saw year-on-year decline in three out of the first four months of this financial year, after a surge […]
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Ola Electric experienced a significant 4% rise in its share price after receiving approval for the Production Linked Incentive (PLI) scheme for two new electric vehicle (EV) models. This approval from the Indian government is part of its broader strategy to promote domestic manufacturing and boost the electric mobility sector. The PLI scheme is designed […]
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Global economic slowdown Global economic activity is experiencing a broad-based and sharper-than-expected slowdown. Supply Chain Disruptions: Events such as the COVID-19 pandemic and geopolitical tensions have highlighted vulnerabilities in global supply chains. India, as a major player in manufacturing and services, is impacted by these disruptions, which can affect its export and import patterns. Digital […]
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The Reserve Bank of India (RBI) has put to rest the debate over a proposal to ignore the food price spirals, while taking policy rate decisions. RBI Governor, Mr. Shaktikanta Das is very candid in saying that the monetary policy committee cannot ignore the persistently high food prices, since it impacts the consumer the most […]
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India’s net direct tax collection, with refunds adjusted, grew 22.5% to Rs 6.93 trillion between April 1 and August 11 of FY25. In the same period last year, tax collection was at Rs 5.65 trillion, according to the Income-Tax (I-T) Department’s latest data released on Monday. Of the tax mop-up, personal income-tax (PIT) outpaced corporation tax. […]
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In the use-based category, consumer durables output growth ebbed to a six-month low of 8.6% in June, while that of consumer non-durables growth declined to (-)1.4% from 2.5% in May. India’s factory output growth, as measured by the Index of Industrial Production (IIP), moderated to a five-month low of 4.2% in June from 6.2% in […]
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Favorable base, sequential decline in vegetable prices key reasons. Retail food inflation dropped sharply to a thirteen-month low to 5.42% in July, compared to 9.36% in June largely because of base effect, while prices of pulses and cereals prices continued to be at elevated levels. The consumer food price index (CFPI) rose by 2.81% sequentially […]
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The wholesale price inflation surged to 16 months high in June as food and manufactured product prices shot up. Data released by the Commerce and Industry Ministry showed inflation, as measured by the wholesale price index, rose an annual rate of 3.4% in June from 2.6% in May. Food inflation hit double digits at 10.9% […]
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