India’s foreign exchange reserves experienced a boost, increasing by $1.5 billion to reach $677.84 billion as of April 11, 2025, according to the Reserve Bank of India’s latest data. The RBI actively manages liquidity and intervenes in the market to…
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Separately, the Gross Goods and Services Tax (GST) collections for March 2025 stayed at Rs 19,56,034 crore (Rs 1.96 lakh crore), surging 9.9 per cent, according to the government data.
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In a significant bureaucratic reshuffle, IAS officer Arvind Shrivastava has been appointed as the new Revenue Secretary, succeeding his role at the Prime Minister’s Office. Vumlunmang Vualnam takes over as Secretary, Department of Expenditure, while Manoj Govil moves to the…
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The Union government has appointed Pankaj Kumar Mishra, Sanjay Bahadur, L Rajasekhar Reddy, and G Aparna Rao to the Central Board of Direct Taxes (CBDT). The Appointments Committee of the Cabinet, led by Prime Minister Narendra Modi, approved the appointments…
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The Trump administration has revised its plan to impose port fees on China-built vessels, exempting those servicing the Great Lakes, Caribbean, and U.S. territories. This move aims to alleviate concerns about rising export prices and import costs. While fees on…
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Indian stock markets experienced a significant surge, with the Nifty and Sensex jumping by 1.8% and 2% respectively, marking their best week in over three years. This rally, fueled by renewed foreign investment and reduced bearish sentiment, erased year-to-date losses.…
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