EPFO hikes interest rate on PF deposits to 8.15% for FY23 The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) has raised the interest rate on the provident fund (PF) deposits marginally to 8.15 percent for Read more
Centre Extends Last date for linking of PAN-Aadhaar The last date for linking PAN and Aadhaar has been extended by the Government to 30 June, 2023, in order to provide some more time to the taxpayers. Earlier the last date Read more
First Citizens Bank enters deal with FDIC to buy Silicon Valley Bank (SVB) assets and liabilities The US Federal Deposit Insurance Corporation (FDIC) has entered into a purchase and assumption agreement with First Citizens Bank & Trust Company, for all Read more
Centre hikes DA/DR by 4 percent to 42% The Central Government has announced an increase in the Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for central government pensioners by 4 percent. This will increase the overall Read more
Finance Bill 2023 passed in Lok Sabha with key amendments The Finance Bill, 2023 was passed in the Lok Sabha with some amendments, on March 24, 2023. Union Finance Minister Nirmala Sitharaman tabled ‘The Finance Bill, 2023’ in the lower Read more
Egypt Becomes Official Member of BRICS New Development Bank (NDB) Egypt has officially become a member of BRICS’ New Development Bank (NDB) on March 22, 2023. Cairo completed all the necessary procedures to become an eligible member of BRICS Bank Read more
Canara Bank sells entire stake in Russian joint venture ‘CIBL’ to SBI for Rs 121.29 crore The Commercial Indo Bank LLC (CIBL) is a joint venture in Russia between SBI (60 per cent) and Canara Bank (40 per cent). CIBL Read more
India’s GDP to decline to 6.1%, while Global GDP to fall to 2.9% in 2023: IMF Report The International Monetary Fund (IMF) has released its latest World Economic Outlook report, according to which the economic growth of India is expected Read more
World Bank projects India’s GDP to decline at 6.6% in FY24 compared to 6.9% in FY23 In its latest economic update, the World Bank has projected the economic growth rate of India to slow down to 6.6 percent in the Read more
RBI to issue first-ever Sovereign Green Bonds worth Rs 16,000 crore The Reserve Bank of India (RBI) will be issuing first-ever Sovereign Green Bonds worth 160 billion in rupees ($1.93 billion or 16,000 crore in rupees) in the current financial Read more