Finance

Supreme Court Allows Banks to Impose 30% Interest on Credit Card Dues

By BPN News Desk December 27, 2024

The Supreme Court of India has permitted banks to charge interest rates of up to 30% annually on unpaid credit card dues. This ruling reinforces the autonomy of financial institutions while emphasizing the need for transparency in credit card terms for consumers. Key Ruling Details The court’s decision came after extensive deliberations on the reasonableness […]

Finance

Finance Ministry Blames RBI Policies for Economic Slowdown

By BPN News Desk December 27, 2024

The Finance Ministry has pointed to the Reserve Bank of India’s (RBI) monetary policies as a contributing factor to the recent economic slowdown. In its latest report, the ministry highlighted that restrictive measures, including successive interest rate hikes, have dampened credit growth and suppressed domestic demand. Policy Tightening and Its Impact The ministry’s

Business

Gold and Silver Prices Surge 30% in 2023: What to Expect in 2025

By BPN News Desk December 27, 2024

Gold and silver prices have witnessed a remarkable 30% increase over the past year, reflecting their status as safe-haven investments during times of economic volatility. As 2025 approaches, analysts predict these precious metals may continue to shine due to persistent global uncertainties and evolving market conditions. Factors Driving the Surge in 2023 The robust

Business Industry

Tata Group Aims to Generate 5 Lakh Jobs by 2030

By BPN News Desk December 26, 2024

Tata Group Chairman N Chandrasekaran announced the company’s ambitious plan to create 5 lakh jobs by 2030 across key sectors, including electric vehicles (EVs), semiconductors, and renewable energy. This initiative aligns with India’s push for green energy and technological innovation, reinforcing Tata Group’s commitment to sustainable development and employment

Finance

RBI Study Reveals Rupee Depreciation Boosts Exports

By BPN News Desk December 26, 2024

In a significant observation on India’s trade dynamics, a recent study by the Reserve Bank of India (RBI) has revealed that a depreciating rupee provides a considerable boost to the country’s exports, whereas a strengthening rupee has a relatively smaller impact on imports. The findings underscore the asymmetric influence of currency movements on India’s trade […]

Finance

India Pushes for Global Consensus on Cryptocurrency Regulation

By BPN News Desk December 25, 2024

The debate over cryptocurrency regulation in India has intensified as Finance Minister Nirmala Sitharaman emphasized the need for a global consensus to effectively manage and regulate digital currencies. While the Reserve Bank of India (RBI) has called for a complete ban on cryptocurrencies, the government believes that international cooperation is crucial to address the

Trade

Government Urges Retailers to Lower Pulse Prices Amid High Costs

By BPN News Desk December 25, 2024

Amid rising food inflation, the Indian government has called on retailers to reduce the prices of pulses to ensure affordability for consumers. With pulse prices soaring due to supply constraints and increased demand, the government is stepping in to stabilize the market. Measures to Address Rising Costs To tackle the issue, the government has reached […]

Business

Apple Nears $4 Trillion Valuation Milestone

By BPN News Desk December 23, 2024

Apple Inc., the world’s most valuable company, is on the verge of reaching a record-breaking $4 trillion market capitalization. A surge in the tech giant’s stock price has positioned the company to cross this significant milestone, reinforcing its unparalleled dominance in the technology sector. Stock Performance Driving Growth Apple’s stock has witnessed

Industry

Carbon Storage in Man-Made Materials Reaches 8.4 Billion Tonnes

By BPN News Desk December 22, 2024

A groundbreaking study has revealed that man-made products, including concrete, steel, and other industrial materials, collectively store an estimated 8.4 billion tonnes of carbon. This finding sheds light on the potential of construction and manufacturing industries in mitigating global carbon emissions. The research, conducted by a team of environmental scientists,

Finance

Supreme Court Removes 30% Cap on Credit Card Late Payment Interest

By BPN News Desk December 21, 2024

In a landmark decision, the Supreme Court of India has removed the 30% per annum interest cap previously imposed on late credit card bill payments. The ruling provides financial institutions greater autonomy in determining interest rates on overdue payments, sparking widespread discussion in the financial and consumer sectors. Interest Rate Regulation Left to Banks The