Reserve Bank of India data showed travel and personal trips accounted for the largest share of foreign exchange remittances under the LRS scheme.
Tag: Economy
LPG cylinder subsidy under Ujjwala scheme slashed to 4 cylinders per year
The central government announced a reduction in subsidized LPG cylinders for Ujjwala beneficiaries to balance fiscal budget allocations.
Rupee falls 15 paise to 95.56 against US dollar in early trade
The Indian rupee fell sharply in opening trade due to rising crude import costs and safe-haven demand for the greenback amid Middle East conflict.
Markets down Nifty slips to 23104 amid global rate and war worries
Indian equity benchmarks opened flat to lower tracking a sell-off in Asian markets as the US-Iran military conflict escalated overnight.
Spiking energy prices send inflation to 3-year high
Escalating conflict in West Asia drove global crude prices up pushing US consumer inflation rates to their highest levels in three years.
Japan megabanks to issue stablecoin for securities trades in FY 2026
MUFG Bank, Sumitomo Mitsui, and Mizuho Bank agreed to launch a yen-denominated stablecoin to streamline stock and investment trust settlements.
BOJ chief Kazuo Ueda hospitalized to miss policy meeting next week
Bank of Japan Governor Ueda was hospitalized with a hepatic cyst infection forcing Deputy Governor Himino to chair next week’s policy review.
House passes Faster Labor Contracts Act to impose faster timelines on first union contracts
The bill would force employers to begin collective bargaining within ten days of a successful union vote and reach a deal within 90 days.
Top stock recommendations for June 10 2026: Bank of India Hindustan Zinc Union Bank of India
Technical analyst Mehul Kothari recommended buying Bank of India, Hindustan Zinc, and Union Bank of India citing positive chart structures.
US Treasury Did Not Declare Country Insolvent
Claims of national insolvency debunked despite 31.4 trillion debt