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IndiaTV Business: Google News Feed: Digest for April 07, 2023

IndiaTV Business: Google News Feed

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For the fiscal year 2022–23, the government collected Rs 16.61 lakh crore in direct taxes, according to data from the Finance Ministry. This amount is 17.6 percent more than what was collected for the previous fiscal.  Additionally, it has slightly surpassed the revised estimate of Rs 16.5 lakh crore, as mentioned in the 2023-24 Union Budget, by 0.7%.
Indian economy: The World Bank and the Asian Development Bank on Tuesday projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions.

Gold prices increase marginally today: Check latest rates

Wednesday 05 April 2023 04:17 AM UTC+00
Gold price today: On April 5 (Wednesday), gold prices have increased marginally. Currently, the 24 carat gold (10 grams) is priced at Rs 60,340 while 22 carat gold (10 grams) is at Rs 55,310. Pure gold and standard gold both increased by Rs 10 in the last 24 hours.
A knockoff of Trump original NFT collection is gaining traction after his historic indictment in 34 charges. There are two NFT collections involving former US President Donald Trump that have gained popularity in the market. The first collection, called Trump Digital Trading Cards, was officially released in December 2021. The second collection, called Trump Criminal Digital Cards, is an unauthorized version of the first that features Trump in various jail cells and wearing different types of prison garb. 
Amazon has claimed that it has eliminated six million counterfeit items from its worldwide supply chain in 2022. The ecommerce company stated it blocked over 800,000 attempts to register new selling accounts in 2022, preventing bad actors from submitting even one product for sale. From 2.5 million attempts in 2021 and 6 million attempts in 2020, the number has declined.
People who have a Public Provident Fund (PPF) account must make their contribution for the fiscal year 2023–24 by April 5 to get the most out of their investment.
India is squeezing its way into the highly lucrative space market, capitalising on China and Russia's geopolitical isolation to position itself as a reliable alternative to SpaceX.

Joint life insurance: Why should couples consider it?

Wednesday 05 April 2023 10:11 AM UTC+00
Couples often prioritise securing their future together by starting a family, purchasing a home, and planning for retirement. However, one crucial aspect that is sometimes overlooked is insurance. Insurance may seem like an added expense, but it can provide peace of mind and financial security in times  of unexpected events such as illness, accidents, or death. Here is why insurance is a must for couples and how it can protect their assets, income, and loved ones.
Reliance Industries Ltd. and its telecom subsidiary Jio Infocomm have recently secured a total of $5 billion in foreign currency loans, marking the largest syndicated loan in India's corporate history.
A lawsuit was filed against Twitter on Tuesday, alleging that the social media giant illegally terminated contract workers without prior notice following its acquisition by Elon Musk last year. This legal action is the latest consequence of the company's substantial job layoffs.
For the fiscal year 2022–23, the government collected Rs 16.61 lakh crore in direct taxes, according to data from the Finance Ministry. This amount is 17.6 percent more than what was collected for the previous fiscal.  Additionally, it has slightly surpassed the revised estimate of Rs 16.5 lakh crore, as mentioned in the 2023-24 Union Budget, by 0.7%.
Indian economy: The World Bank and the Asian Development Bank on Tuesday projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions.

Gold prices increase marginally today: Check latest rates

Wednesday 05 April 2023 04:17 AM UTC+00
Gold price today: On April 5 (Wednesday), gold prices have increased marginally. Currently, the 24 carat gold (10 grams) is priced at Rs 60,340 while 22 carat gold (10 grams) is at Rs 55,310. Pure gold and standard gold both increased by Rs 10 in the last 24 hours.
A knockoff of Trump original NFT collection is gaining traction after his historic indictment in 34 charges. There are two NFT collections involving former US President Donald Trump that have gained popularity in the market. The first collection, called Trump Digital Trading Cards, was officially released in December 2021. The second collection, called Trump Criminal Digital Cards, is an unauthorized version of the first that features Trump in various jail cells and wearing different types of prison garb. 
Amazon has claimed that it has eliminated six million counterfeit items from its worldwide supply chain in 2022. The ecommerce company stated it blocked over 800,000 attempts to register new selling accounts in 2022, preventing bad actors from submitting even one product for sale. From 2.5 million attempts in 2021 and 6 million attempts in 2020, the number has declined.
People who have a Public Provident Fund (PPF) account must make their contribution for the fiscal year 2023–24 by April 5 to get the most out of their investment.
India is squeezing its way into the highly lucrative space market, capitalising on China and Russia's geopolitical isolation to position itself as a reliable alternative to SpaceX.

Joint life insurance: Why should couples consider it?

Wednesday 05 April 2023 10:11 AM UTC+00
Couples often prioritise securing their future together by starting a family, purchasing a home, and planning for retirement. However, one crucial aspect that is sometimes overlooked is insurance. Insurance may seem like an added expense, but it can provide peace of mind and financial security in times  of unexpected events such as illness, accidents, or death. Here is why insurance is a must for couples and how it can protect their assets, income, and loved ones.
Reliance Industries Ltd. and its telecom subsidiary Jio Infocomm have recently secured a total of $5 billion in foreign currency loans, marking the largest syndicated loan in India's corporate history.
A lawsuit was filed against Twitter on Tuesday, alleging that the social media giant illegally terminated contract workers without prior notice following its acquisition by Elon Musk last year. This legal action is the latest consequence of the company's substantial job layoffs.
Indian economy: The World Bank and the Asian Development Bank on Tuesday projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions.

Gold prices increase marginally today: Check latest rates

Wednesday 05 April 2023 04:17 AM UTC+00
Gold price today: On April 5 (Wednesday), gold prices have increased marginally. Currently, the 24 carat gold (10 grams) is priced at Rs 60,340 while 22 carat gold (10 grams) is at Rs 55,310. Pure gold and standard gold both increased by Rs 10 in the last 24 hours.
A knockoff of Trump original NFT collection is gaining traction after his historic indictment in 34 charges. There are two NFT collections involving former US President Donald Trump that have gained popularity in the market. The first collection, called Trump Digital Trading Cards, was officially released in December 2021. The second collection, called Trump Criminal Digital Cards, is an unauthorized version of the first that features Trump in various jail cells and wearing different types of prison garb. 
Amazon has claimed that it has eliminated six million counterfeit items from its worldwide supply chain in 2022. The ecommerce company stated it blocked over 800,000 attempts to register new selling accounts in 2022, preventing bad actors from submitting even one product for sale. From 2.5 million attempts in 2021 and 6 million attempts in 2020, the number has declined.
India is squeezing its way into the highly lucrative space market, capitalising on China and Russia's geopolitical isolation to position itself as a reliable alternative to SpaceX.

Joint life insurance: Why should couples consider it?

Wednesday 05 April 2023 10:11 AM UTC+00
Couples often prioritise securing their future together by starting a family, purchasing a home, and planning for retirement. However, one crucial aspect that is sometimes overlooked is insurance. Insurance may seem like an added expense, but it can provide peace of mind and financial security in times  of unexpected events such as illness, accidents, or death. Here is why insurance is a must for couples and how it can protect their assets, income, and loved ones.
Reliance Industries Ltd. and its telecom subsidiary Jio Infocomm have recently secured a total of $5 billion in foreign currency loans, marking the largest syndicated loan in India's corporate history.
A lawsuit was filed against Twitter on Tuesday, alleging that the social media giant illegally terminated contract workers without prior notice following its acquisition by Elon Musk last year. This legal action is the latest consequence of the company's substantial job layoffs.

US based think tank warns against CBDCs usage | KNOW WHY

Thursday 06 April 2023 04:22 AM UTC+00
US-based libertarian think tank, Cato Institute, has released a report warning that a central bank digital currency (CBDC) in the United States would pose a threat to privacy and freedoms. The report suggests that a government-issued CBDC, backed by the Federal Reserve, would be detrimental to the free market and could be used to track and control individuals' financial transactions, thereby restricting their privacy. 
RBI's new repo rate: The Reserve Bank of India has kept the repo rate unchanged at 6.5% with readiness to act should the situation so warrant, announces RBI Governor Shaktikanta Das. He also informed that overall inflation is above the target and the current policy rate still remains accommodative. Real GDP growth for 2023-24 is projected at 6.5%, he added.

Gold prices increase marginally today: Check latest rates

Wednesday 05 April 2023 04:17 AM UTC+00
Gold price today: On April 5 (Wednesday), gold prices have increased marginally. Currently, the 24 carat gold (10 grams) is priced at Rs 60,340 while 22 carat gold (10 grams) is at Rs 55,310. Pure gold and standard gold both increased by Rs 10 in the last 24 hours.
Amazon has claimed that it has eliminated six million counterfeit items from its worldwide supply chain in 2022. The ecommerce company stated it blocked over 800,000 attempts to register new selling accounts in 2022, preventing bad actors from submitting even one product for sale. From 2.5 million attempts in 2021 and 6 million attempts in 2020, the number has declined.
India is squeezing its way into the highly lucrative space market, capitalising on China and Russia's geopolitical isolation to position itself as a reliable alternative to SpaceX.

Joint life insurance: Why should couples consider it?

Wednesday 05 April 2023 10:11 AM UTC+00
Couples often prioritise securing their future together by starting a family, purchasing a home, and planning for retirement. However, one crucial aspect that is sometimes overlooked is insurance. Insurance may seem like an added expense, but it can provide peace of mind and financial security in times  of unexpected events such as illness, accidents, or death. Here is why insurance is a must for couples and how it can protect their assets, income, and loved ones.
Reliance Industries Ltd. and its telecom subsidiary Jio Infocomm have recently secured a total of $5 billion in foreign currency loans, marking the largest syndicated loan in India's corporate history.
A lawsuit was filed against Twitter on Tuesday, alleging that the social media giant illegally terminated contract workers without prior notice following its acquisition by Elon Musk last year. This legal action is the latest consequence of the company's substantial job layoffs.

US based think tank warns against CBDCs usage | KNOW WHY

Thursday 06 April 2023 04:22 AM UTC+00
US-based libertarian think tank, Cato Institute, has released a report warning that a central bank digital currency (CBDC) in the United States would pose a threat to privacy and freedoms. The report suggests that a government-issued CBDC, backed by the Federal Reserve, would be detrimental to the free market and could be used to track and control individuals' financial transactions, thereby restricting their privacy. 
RBI's new repo rate: The Reserve Bank of India has kept the repo rate unchanged at 6.5% with readiness to act should the situation so warrant, announces RBI Governor Shaktikanta Das. He also informed that overall inflation is above the target and the current policy rate still remains accommodative. Real GDP growth for 2023-24 is projected at 6.5%, he added.
Axita Cotton, NSE: AXITA, shares extended their gains for the third straight session on Thursday after the cotton ginning company informed exchanges about bagging a major order from Bangladesh.
The Reserve Bank of India (RBI) has announced that a new central web portal will be set up to look for unclaimed deposits that are more than ten years old. Currently, bank customers need to visit the websites of various institutions to retrieve their deposits. However, this new web platform will enable bank customers to locate their unclaimed deposits in one convenient location.  
Amazon has claimed that it has eliminated six million counterfeit items from its worldwide supply chain in 2022. The ecommerce company stated it blocked over 800,000 attempts to register new selling accounts in 2022, preventing bad actors from submitting even one product for sale. From 2.5 million attempts in 2021 and 6 million attempts in 2020, the number has declined.
India is squeezing its way into the highly lucrative space market, capitalising on China and Russia's geopolitical isolation to position itself as a reliable alternative to SpaceX.

Joint life insurance: Why should couples consider it?

Wednesday 05 April 2023 10:11 AM UTC+00
Couples often prioritise securing their future together by starting a family, purchasing a home, and planning for retirement. However, one crucial aspect that is sometimes overlooked is insurance. Insurance may seem like an added expense, but it can provide peace of mind and financial security in times  of unexpected events such as illness, accidents, or death. Here is why insurance is a must for couples and how it can protect their assets, income, and loved ones.
Reliance Industries Ltd. and its telecom subsidiary Jio Infocomm have recently secured a total of $5 billion in foreign currency loans, marking the largest syndicated loan in India's corporate history.
A lawsuit was filed against Twitter on Tuesday, alleging that the social media giant illegally terminated contract workers without prior notice following its acquisition by Elon Musk last year. This legal action is the latest consequence of the company's substantial job layoffs.

US based think tank warns against CBDCs usage | KNOW WHY

Thursday 06 April 2023 04:22 AM UTC+00
US-based libertarian think tank, Cato Institute, has released a report warning that a central bank digital currency (CBDC) in the United States would pose a threat to privacy and freedoms. The report suggests that a government-issued CBDC, backed by the Federal Reserve, would be detrimental to the free market and could be used to track and control individuals' financial transactions, thereby restricting their privacy. 
RBI's new repo rate: The Reserve Bank of India has kept the repo rate unchanged at 6.5% with readiness to act should the situation so warrant, announces RBI Governor Shaktikanta Das. He also informed that overall inflation is above the target and the current policy rate still remains accommodative. Real GDP growth for 2023-24 is projected at 6.5%, he added.
Axita Cotton, NSE: AXITA, shares extended their gains for the third straight session on Thursday after the cotton ginning company informed exchanges about bagging a major order from Bangladesh.
The Reserve Bank of India (RBI) has announced that a new central web portal will be set up to look for unclaimed deposits that are more than ten years old. Currently, bank customers need to visit the websites of various institutions to retrieve their deposits. However, this new web platform will enable bank customers to locate their unclaimed deposits in one convenient location.  
Dunzo layoff: Dunzo, a well-known platform for grocery delivery services, recently announced that it will reduce its workforce by 30%, which would result in the loss of almost 300 jobs. The company took this decision while it has raised a total of $75 million from investors, including Google and Reliance Industries.
India is squeezing its way into the highly lucrative space market, capitalising on China and Russia's geopolitical isolation to position itself as a reliable alternative to SpaceX.

Joint life insurance: Why should couples consider it?

Wednesday 05 April 2023 10:11 AM UTC+00
Couples often prioritise securing their future together by starting a family, purchasing a home, and planning for retirement. However, one crucial aspect that is sometimes overlooked is insurance. Insurance may seem like an added expense, but it can provide peace of mind and financial security in times  of unexpected events such as illness, accidents, or death. Here is why insurance is a must for couples and how it can protect their assets, income, and loved ones.
Reliance Industries Ltd. and its telecom subsidiary Jio Infocomm have recently secured a total of $5 billion in foreign currency loans, marking the largest syndicated loan in India's corporate history.
A lawsuit was filed against Twitter on Tuesday, alleging that the social media giant illegally terminated contract workers without prior notice following its acquisition by Elon Musk last year. This legal action is the latest consequence of the company's substantial job layoffs.

US based think tank warns against CBDCs usage | KNOW WHY

Thursday 06 April 2023 04:22 AM UTC+00
US-based libertarian think tank, Cato Institute, has released a report warning that a central bank digital currency (CBDC) in the United States would pose a threat to privacy and freedoms. The report suggests that a government-issued CBDC, backed by the Federal Reserve, would be detrimental to the free market and could be used to track and control individuals' financial transactions, thereby restricting their privacy. 
RBI's new repo rate: The Reserve Bank of India has kept the repo rate unchanged at 6.5% with readiness to act should the situation so warrant, announces RBI Governor Shaktikanta Das. He also informed that overall inflation is above the target and the current policy rate still remains accommodative. Real GDP growth for 2023-24 is projected at 6.5%, he added.
Axita Cotton, NSE: AXITA, shares extended their gains for the third straight session on Thursday after the cotton ginning company informed exchanges about bagging a major order from Bangladesh.
The Reserve Bank of India (RBI) has announced that a new central web portal will be set up to look for unclaimed deposits that are more than ten years old. Currently, bank customers need to visit the websites of various institutions to retrieve their deposits. However, this new web platform will enable bank customers to locate their unclaimed deposits in one convenient location.  
Dunzo layoff: Dunzo, a well-known platform for grocery delivery services, recently announced that it will reduce its workforce by 30%, which would result in the loss of almost 300 jobs. The company took this decision while it has raised a total of $75 million from investors, including Google and Reliance Industries.
The Union Cabinet on Thursday gave nod to new gas pricing formula and imposed a cap to keep rates of CNG, piped cooking gas under check, Union Minister Anurag Thakur informed.
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