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Forex reserves fall $4.5 billion in two weeks

Akshat Mathur 0 Comments

India's foreign exchange reserves fell $ 1.783 billion for the week ending December 3, the second straight decline as foreign investors remained in the portfolio as net traders on the stock market. Weekly data from Bank of India shows total reserves total $ 636.9055 billion. In the past two weeks, reserves have plummeted by...

India has 4th largest foreign exchange reserves in world

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India's Finance Minister Pankaj Chaudhry told Lok Sabha on Monday that India currently has the fourth largest foreign exchange reserves in the world. "On November 19, 2021, foreign exchange reserves were $ 640.4 billion," he said. To another question he replied: Records of P-Notes / Outside Derivatives (ODIs) holders and ODI holder stakeholders, as...

November gross GST collection at Rs 1,31,526 crore, 2nd highest ever

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The total GST revenue accrued in November was 1,31,526 rupees. This was an increase from Rs 1.30 crore collected in October. Of these, CGST includes 23,978 rupees, 31,127 rupees, IGST 66,815 rupees (including 32,165 rupees on imports) and 9,606 rupees on taxes (including 635 rupees on import goods). November marked the second consecutive month...

PNB puts up National Steel & Agro Industries for sale to recover Rs 200cr dues

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The National Bank of Punjab (PNB) has put a steel and agricultural company based in Madhya Pradesh up for sale for around Rs 200 billion. National Steel and Agricultural Industries Co., Ltd has a bank balance of Rs 199.90. "Our intention is to submit the account to the ARC / NBFCs / other banks...

India's forex kitty increases by $289 mn to $640.40 bn.

Akshat Mathur 0 Comments

The Bank of India raised $ 289 million to $ 640.401 billion for the week ending Nov. 19. Total reserves fell $ 763 million to $ 640.112 billion in the most recent reporting week. They reached $ 642,453 billion during the week ending September 3, 2021, at $ 642,453. Foreign assets (FCA), a significant...

REUCTION OF CA STUDENTS OVER THE PAST 12 YEARS.

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Institute Of Chartered Accountant Of India (ICAI) has seen a continous reduction in the course of CA, where on the other side the members and CA Associates are increasing day by day. In the 2009-10 , including all the courses the total number of students registered in institute were around 2,77,000 , which has...