Economy News

RBI Links FX-Retail Platform to Bharat Connect; Grants Wider Access To Fair Forex Deals

The Reserve Bank of India (RBI) has taken a significant step towards expanding the reach of the FX-Retail platform. The central bank has decided to link the platform with the National Payments Corporation of India's (NPCI) Bharat Connect.

Dec 6, 2024

RBI hikes interest rates on NRI foreign currency deposits

The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which will enable NRIs to earn more on their savings.

Dec 6, 2024

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Lok Sabha Passes Banking Laws Amendment Bill 2024

The Lok Sabha passed the Banking Laws (Amendment) Bill, 2024, allowing bank account holders to nominate up to four individuals. The bill redefines 'substantial interest' for directorships and increases the tenure of directors in cooperative banks.

Dec 4, 2024

Three-day RBI MPC meet begins to balance strong economic growth with inflation

The three-day Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting began on Wednesday, as the central bank seeks to balance fostering economic growth with managing inflation.

Dec 4, 2024

India's affordable housing market to reach Rs 67 lakh cr by 2030, demand at 31.2 mn units

India's affordable housing market is projected to reach Rs 67 lakh crore by 2030, with cumulative demand likely to be 31.2 million units

Dec 4, 2024

Highest budget allocation of Rs 86,000 cr made for rural jobs scheme in 2024-25

For the Mahatma Gandhi National Rural Employment Guarantee Scheme (Mahatma Gandhi NREGS) a budget allocation of Rs 86,000 crore has been made at the Budget Estimate (BE) stage for 2024-25, which is the highest ever allocation at the BE stage since the scheme's inception

Dec 3, 2024

India among world's top 10 exporters of high-value products

India ranks among top 10 exporters of high-value products

India has recorded a sharp increase in exports for several key product categories with the country maintaining or improving its rank among the top ten global suppliers, in export values exceeding $1 billion in 2023.

Dec 3, 2024

Centre has released Rs 50,571 crore to states as special assistance

The Centre has released Rs 50,571.42 crore to states as part of its 'special assistance for capital investment' scheme to step up expenditure in various development projects during the first eight months of the current financial year, Minister of State for Finance, Pankaj Chaudhary has informed the Lok Sabha

Dec 3, 2024

Ayush market grew $43.4 bn in 2023, exports doubled to $2.16 bn: Shripad Yesso Naik

The Ministry of Ayush has witnessed a transformative journey over the last decade, with the Ayush market growing exponentially -- from $2.85 billion in 2014 to $43.4 billion in 2023.

Dec 2, 2024

Vehicle owners mob petrol stations in J&K resulting in chaos & dry filling stations

Petrol, diesel, jet fuel sales surge in Nov as economy picks up

India's petrol, diesel and jet fuel sales shot up in November this year compared to the same month last year, reflecting the higher level of economic activity in the country, data compiled by the public sector oil companies showed.

Dec 2, 2024

NBFCs to see asset growth at 15-17 pc over 2 fiscals, still above decadal average

Indian NBFCs manage above decade average, to see asset growth at 15-17 pc over 2 fiscals: CRISIL

The assets under management (AUM) growth of non-banking financial companies (NBFCs) in the country is set to moderate to 15-17 per cent in the current and next fiscals (FY25 and FY26)

Dec 2, 2024

25 pc hike in Centre's capex to spur growth in second half of 2024-25: Report

The Central government's capital expenditure is expected to increase by a robust 25 per cent in the second half of the financial year 204-2025 compared to the same period of the previous year, according to a report by Jefferies.

Dec 1, 2024

Indian startups raise $9.2 bn in VC funding from January to October: Report

About 984 venture capital (VC) funding deals were announced in India during January-October 2024, and the total disclosed funding value of these jumped by 44.4 per cent YoY to $9.2 billion during the same period.

Nov 29, 2024

Indian Railways launches hi-tech water level monitoring system for trains

Indian Railways rakes in Rs 12,159 crore from festive rush

Indian Railways raked in a revenue of Rs 12,159.35 crore from ticket sales during the festive period that stretched from September 1 to October 31 this year, according to data tabled in Parliament.

Nov 28, 2024

Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance

E-auction of two more critical mineral blocks completed

The Ministry of Mines has successfully completed the e-auction of another two mineral blocks under tranche IV of critical & strategic mineral blocks.

Nov 27, 2024

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Economy News

RBI Links FX-Retail Platform to Bharat Connect; Grants Wider Access To Fair Forex Deals

RBI hikes interest rates on NRI foreign currency deposits

Lok Sabha Passes Banking Laws Amendment Bill 2024

Three-day RBI MPC meet begins to balance strong economic growth with inflation

India's affordable housing market to reach Rs 67 lakh cr by 2030, demand at 31.2 mn units

Highest budget allocation of Rs 86,000 cr made for rural jobs scheme in 2024-25

India ranks among top 10 exporters of high-value products

Centre has released Rs 50,571 crore to states as special assistance

Ayush market grew $43.4 bn in 2023, exports doubled to $2.16 bn: Shripad Yesso Naik

Petrol, diesel, jet fuel sales surge in Nov as economy picks up

Indian NBFCs manage above decade average, to see asset growth at 15-17 pc over 2 fiscals: CRISIL

25 pc hike in Centre's capex to spur growth in second half of 2024-25: Report

Indian startups raise $9.2 bn in VC funding from January to October: Report

Indian Railways rakes in Rs 12,159 crore from festive rush

E-auction of two more critical mineral blocks completed

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react