In terms of sectors, online money gaming was followed by the BFSI sector, which saw Rs 18,961 crore evaded in 171 cases

The government has started preparations for conducting the decadal census, but a decision is yet to be taken on including a column on caste as part of the exercise, sources said on Sunday. Speaking on condition of anonymity, one source said that the decadal census will be conducted soon. India has conducted the census every 10 years since 1881. The first phase of this decade's census was expected to begin on April 1, 2020 but had to be postponed due to the Covid-19 pandemic. The implementation of the Women's Reservation Act, enacted by Parliament last year, too is linked to the conduct of the decadal census. The law reserving one-third of seats for women in the Lok Sabha and state assemblies shall come into effect after an exercise of delimitation is undertaken based on the relevant figures of the first census recorded after the Act has come into force. "This is yet to be decided," the source said when asked about inclusion of a column on caste in the decadal census. The politic

The government's subsidised onion sale initiative, launched on September 5, has led to price drops in major cities within days, the consumer affairs ministry said on Saturday. In Delhi, retail onion price fell from Rs 60 to Rs 55 per kg, while Mumbai saw a decrease from Rs 61 to Rs 56 per kg. In Chennai, the retail price reduced from Rs 65 to Rs 58 per kg, the ministry said in a statement. The government initiated the sale of onions at a subsidised rate of Rs 35 per kg through mobile vans and outlets of NCCF and NAFED. The program, which began in Delhi and Mumbai, has since expanded to other major cities including Chennai, Kolkata, Patna, Ranchi, Bhubaneswar, and Guwahati. Responding to the growing demand, the government has decided to increase the quantity of subsidised onion and expand distribution channels to include e-commerce platforms, Kendriya Bhandar outlets, and Mother Dairy's SAFAL stores. The government has also initiated wholesale disposal of onion in major cities. It

Employees' State Insurance Corporation (ESIC) recorded a 13.32 per cent increase in subscribers addition to 22.53 lakh in July, 2024 compared to the figure of a year ago, according to the payroll data released on Friday. The latest payroll date released by the labour ministry showed that 19.88 lakh new subscribers were added in July 2023. The provisional payroll data of ESIC reveals that 22.53 lakh new employees have been added in July this year. According to the statement, 56,476 new establishments have been brought under the social security ambit of the ESI Scheme in the month under review. Further, the year-on-year analysis shows a growth of 13.32 per cent in net registrations compared to July 2023, it stated. The data further showed that out of the total 22.53 lakh employees added during the month, 10.84 lakh employees amounting to around 48 per cent of the total registrations belonged to the age group of up to 25 years. Also, a gender-wise analysis of the payroll data indica

The e-commerce business in India has seen exponential growth over the last decade and is expected to witness a steep increase in revenues in the coming years

New maritime arbitration centre, policy think tank to be set up, says ministry

This would be over and above the almost 26 million houses already built across the country in the last 10 years

Equity commitments more than double Y-o-Y to $1.14 bn

Globally, there is a shortage of onions as per some reports, and lifting the MEP will help farmers realise a better price

India's forex reserves jumped USD 5.248 billion to a new all-time high of USD 689.235 billion for the week ended September 6, the Reserve Bank of India said on Friday. The overall kitty had jumped by USD 2.299 billion to a record USD 683.987 billion for the previous reporting week. For the week ended September 6, foreign currency assets, a major component of the reserves, increased by USD 5.107 billion to USD 604.144 billion, the data showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 129 million to USD 61.988 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 4 million to USD 18.472 billion, the apex bank said. India's reserve position with the IMF was up by USD 9 million to USD 4.631 billion in the reporting week, the apex bank data showed.

The Tamil Nadu government on Friday said it has signed an MoU with US-headquartered Rapid Global Business Solutions, Inc, a supplier of business solutions across various industries, and the firm would set up a new unit in the state by investing Rs 100 crore. The MoU was signed in the presence of Chief Minister M K Stalin in Chicago on September 12 between officials of the state and the company, represented by its Chairman and CEO Nanua Singh and others, an official release here said, adding the new electronic and telematics firm would come up at Hosur. Industries Minister TRB Rajaa and top state officials were present. In total, the state government has inked pacts totally worth Rs 7,616 crore with 18 companies during the Chief Minister's official US tour to attract investments. Stalin, who embarked on his US tour on August 27, completed his trip and departed from Chicago to Chennai on September 12 following a warm send-off by the Tamil diaspora. In a post on X, he said: Goodbye, U

India has extended countervailing or anti-subsidy duty on a Chinese chemical used in pesticides for five more years to guard domestic players. The decision followed a recommendation of the commerce ministry's investigation arm DGTR for continuation of the duty on the imports of 'Atrazine Technical' from China. "The countervailing duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification," a finance ministry notification has said. The finance ministry has imposed a duty of up to 11.94 per cent on the product. In its probe, the DGTR had concluded that the current duties have allowed more Indian producers to enter the market and have helped the domestic industry to expand its capacity. The subsidised exports were hurting Indian players. Earlier the revenue department had imposed the duty in September 2019. Subsidised exports impact the price of that product in th

Proposed mandate will help steel scrap availability and in reducing emissions, they say

With inflation easing and elections around the corner, speculation is growing that petrol could become cheaper by Rs 10 per litre and diesel by Rs 6-8 per litre

Central bank in no rush to cut rates as projections say inflation is moderating, says Shaktikanta Das

At a Singapore forum, RBI Governor Shaktikanta Das projected that India has a growth potential of at least 7.5%, slightly above the RBI's official 7.2% forecast for 2024-25

The investment in FAR securities had exceeded Rs 1 trillion on October 16, 2023

The National Bank for Financing Infrastructure and Development (NaBFID) should provide credit enhancements for civic bodies which will help increase investor interest in municipal bonds, a senior Sebi official said on Thursday. The municipal bodies have an investment grade rating, but very few of them are rated AA and above which is considered essential by institutional investors like insurance and pension funds, Sebi's executive director Pramod Rao said. "NaBFID providing credit enhancements to such municipalities will be able to ensure that we have strong investor interest which comes in," he said at an event on infrastructure finance here. He said only 100 of the 5,000 civic bodies are rated which leaves a "long tail" of bodies which can raise the money it helped with the credit enhancement. The government has notified NaBFID as a public financial institution. The senior official from the capital markets regulator also said that this will not be working in perpetuity for any ci

On Wednesday, the Union Cabinet expanded the health coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to all senior citizens aged 70 years or above

NPCI, which operates UPI platform, earned Rs 2,693.42 crore in FY24, up 36 per cent from Rs 1,971.69 crore