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The Reserve Bank has informed that the total value of 2000 rupee banknotes in circulation has declined to 7,755 crore rupees at the close of business on 19th May, 2024, exactly a year after the RBI had announced the withdrawal of the said currency notes. In a statement, RBI said that out of 3.56 lakh
India’s coal production reached nearly 84 million tonnes last month, exhibiting a growth rate of over 10 percent compared to the corresponding period of the previous year, which stood at over 76 million tonnes. The Coal Ministry said that during this period, Coal India Limited achieved a coal production of over 64 million tonnes, marking
Indian shares reached record highs, the rupee strengthened, and bond yields declined on Monday. Domestic equity markets rode a wave of optimism with both Nifty and Sensex rising over 3 percent. The Sensex was trading at a massive high of 2,384 points, or 3.22 percent, higher at 76,345, while the Nifty climbed 713 points, or 3.17
Indian equity benchmark indices, the Sensex and the Nifty, soared to record-high levels in early trade today, after most of the Exit polls predicted that BJP-led National Democratic Alliance (NDA) is set to retain power in the Lok Sabah elections for a third straight term. The 30-share BSE Sensex surged 2,778 points, or
The gross Goods and Services Tax (GST) revenue for the month of May this year stood at 1.73 lakh crore rupees. Ministry of Finance in a statement said that this represents a 10 per cent year-on-year growth. Out of the total collection in the month of May, Central Goods and Services Tax is over
The government today said that despite the extremely high demand for power, coal stocks at Thermal Power Plants continue to be more than 45 Metric Tonnes, which is 30 percent higher compared to the last year. In a statement Ministry of Coal said that the stocks are sufficient to meet the requirement of 19
Oil marketing companies have slashed the prices of commercial LPG gas cylinders by 69 rupees 50 paise per unit. The Indian Oil Corporation Limited (IOCL) announced that the retail price of a commercial LPG gas cylinder is now 1 thousand 676 rupees in Delhi. The price of commercial LPG cylinder has dropped by 72 rupees
The BSE Sensex added 75 points, or 0.1 percent, to close at 73,961. The NSE Nifty was up 42 points, or 0.19 percent, to settle at 22,531. In the forex market, the Indian rupee ended at 83 rupees and 49 paise against the US dollar. In the Global Commodity Exchange, Gold, for 5th
The Government said that the country has witnessed a steady increase in the production of key minerals and aluminum metal in the first month of the current fiscal year. The Ministry of Mines said that the production of iron ore has increased from 25 Million Metric Tons during April 2023 to 26 Million Metric Tons
The Reserve bank of India brings back 100 tonnes of Gold from the Vault of UK to India. This is a major shift in the Economic Policy of the RBI, as it will now hold most of its Gold in its own vault. These changes have significant implications for India’s economic sovereignty and global