Economy

RBI emerges as the second-largest central bank gold buyer worldwide till November 2024: WGC

The fall in gold prices in November after Donald Trump won the US presidential elections offered an opportunity to some of the central banks to accumulate the precious metal.  The buying, however, was limited to banks that were active in the months leading to November, according to Krishan Gopaul, Senior Analyst, EMEA, World Gold Council […]

Economy

Dry North-West India, adjoining Central India scan skies for well-endowed western disturbances 

Thiruvananthapuram North-West India could do much better from well-endowed western disturbances capable of sustaining an intense cloud cover and triggering snowfall and rain along the hills in Jammu & Kashmir; Ladakh; Uttarakhand; and Himachal Pradesh and adjoining plains of the region in Rajasthan; Punjab; Haryana; and West Uttar Pradesh.  The same holds true even in […]

Economy

Transmission lines, railway sidings to get central financial support to boost hydropower potential

The Power Ministry has included transmission lines, ropeways and railway sidings as part of enabling infrastructure, which will now get budgetary support in a bid to boost the hydropower potential of the country. The scheme, which has a total outlay of ₹12,461 crore from FY25 to FY32, covers large hydropower projects as well as Pumped […]

Sri Lanka central bank fines Indian Bank

CHENNAI: The Central Bank of Sri Lanka has penalised state-owned Indian Bank for failing to conform to the provisions of Financial Transactions Reporting Act. It has imposed a penalty of Sri Lankan rupees 2 million, which is approximately Rs 5.8 lakh, Indian Bank told bourses. Source link

Economy

Former RBI Governor Duvvuri Subba Rao discusses India’s fiscal federalism, highlighting states’ spending power and central government faults

Though State governments claim that the terms of India’s fiscal federalism is loaded against them, the States “decidedly” have a good deal, with more spending power, share in the total pool of central taxes and autonomy to spend. However, the Central government has its own faults, such as collecting taxes in the form of cesses […]

Economy

ormer RBI Governor Duvvuri Subba Rao discusses India’s fiscal federalism, highlighting states’ spending power and central government faults

Though State governments claim that the terms of India’s fiscal federalism is loaded against them, the States “decidedly” have a good deal, with more spending power, share in the total pool of central taxes and autonomy to spend. However, the Central government has its own faults, such as collecting taxes in the form of cesses […]

Mumbai real estate market: Western and central suburbs emerge as key hotspots for real estate investment

Mumbai real estate market’s western and central suburbs have emerged as the key hotspots for real estate investment. This is evident from the fact that around 84% of the total 10,200 properties registered in Mumbai in November 2024 were from the western and central suburbs of Mumbai, according to the recent data shared by the […]

NFRA recommends 40 auditing standards for LLPs to central government, ETCFO

The National Financial Reporting Authority (NFRA) has finalised and recommended 40 Standards on Auditing (SAs) and related Standards on Quality Management (SQMs) for the audit of Limited Liability Partnerships (LLPs) to the Central Government. These recommendations were made during the NFRA’s 19th meeting, held on 25 November 2024, following a review of the auditing standards […]