Economics News

About Rs.70,000­ cr. hit due to banking frauds in last 3 years

During the ongoing monsoon session, the Rajya Sabha informed that Indian banks reported a total loss of about Rs.70,000 crore due to frauds during the last three fiscals up to March 2018.

posted by Jawwad Kazi 8th Aug 2018

RBI must resume issuing LoUs, LoCs : parliamentary panel

The Parliamentary Standing Committee on Commerce said that the RBI must resume issuance of Letters of Undertaking (LoU) and Letters of Credit (LoC) for trade credit.

posted by Jawwad Kazi 7th Aug 2018

Growth in Core sectors

As per the official data released on 31st July, the eight core infrastructure sectors expanded to a 7-month high of 6.7 per cent in June on the back of better performance by cement, refinery and coal segments.

posted by Jawwad Kazi 1st Aug 2018

Gold council to aid exports

The Centre has decided to set up a Domestic Council for Gold to aid exports of jewellery and to create an ecosystem to harness the true potential for jewellery making in the country.

posted by Jawwad Kazi 30th Jul 2018


As per the latest data, around 26 lakh cars and trucks now use the radio frequency identification device (RFID)­based FASTag system on windscreen to shorten their journey time.

posted by Jawwad Kazi 30th Jul 2018