Ahead of the assembly elections, Delhi's former chief minister nad Aam Aadmi Party leader Arvind Kejriwal on Monday announced that the state government will give an honorarium of INR 18,000 per month to priests in the national capital if the Aam Aadmi Party returns to power. Kejriwal announced the Pujari Granthi Samman Scheme for the temple priests and granthis of gurudwaras (Sikh shrines) in Delhi.Register to read
The Confederation of Indian Industry has suggested the government reduces tax rates-—income tax, excise duty on fuel--in the Budget for 2025-26 (Apr-Mar) to help bolster consumer demand. Finance Minister Nirmala Siatharaman is likely to present the Union Budget for FY26 on Feb. 1.Register to read
The rupee ended steady against the dollar Monday as importers purchased the greenback, which offset banks' dollar sales on behalf of overseas investors, dealers said. They said exporters also sold the US unit at higher dollar/rupee levels, which aided the rupee.Register to read
The banking system's liquidity coverage ratio fell to 128.5% as of September-end, against 135.7% a year ago, the Reserve Bank of India said in its Financial Stability Report for December. In the most severe stress test case, the RBI's model shows that the ratio could fall to as low as 114.8%, the report said. Register to read