Economy News

Indian mutual fund industry's AUM crosses Rs 68 lakh crore for 1st time

The assets under management (AUM) of the mutual funds (MFs) in India increased to Rs 68.08 lakh crore in November from Rs 67.25 lakh crore in October

Dec 10, 2024

SIP investments in India above Rs 25,000 crore for 2nd month in a row

The inflow into systematic investment plans (SIPs) stood at Rs 25,320 crore in November in the country, almost similar to the October figures (Rs 25,323 crore)

Dec 10, 2024

RBI, Finance Ministry coordination at its best, says Shaktikanta Das

The Reserve Bank of India and the Finance Ministry have been on "best terms with excellent coordination and cooperation" over the last six years, outgoing RBI Governor, Shaktikanta Das, said in his farewell address on Tuesday.

Dec 10, 2024

Sanjay Malhotra to replace Shaktikanta Das as RBI Governor

Who is Sanjay Malhotra? New RBI Governor set to replace long-serving Shaktikanta Das

The Central government on Monday appointed Sanjay Malhotra, Secretary (Revenue) in the Ministry of Finance as the next Reserve Bank of India Governor. He will replace Shaktikanta Das, who with a six-year stint is the second-longest serving RBI Governor.

Dec 9, 2024

India's surging FDI inflows surpass $1,000 billion milestone in last 4 years

Foreign Direct Investment (FDI) inflows into India in the period between April 2000 to Sept 2024 have soared to $1,033.40 billion mark, reflecting the increasing investment opportunities in the country's fast-growing economy, as per figures compiled by the Department for Promotion of Industry and Internal Trade (DPIIT).

Dec 9, 2024

Nifty Next 50 outperforms NSE's benchmark, jumps over 47 pc in a year

Nifty Next 50 outperforms NSE's benchmark, jumps over 47% in a year: Report

Nifty Next 50 outperformed the National Stock Exchange's benchmark in the past one year amid economic uncertainty and mixed economic signals

Dec 9, 2024

India to invest over Rs 143 lakh crore in urban infra by 2030, land prices to surge

Anticipating the growing need for quality urban infrastructure in years to come, India is expected to invest over Rs 143 lakh crore in infrastructure by 2030, a report said on Monday, adding that this will led to further land price appreciation.

Dec 9, 2024

Centre's millet scheme is boosting farmers' incomes: Minister

The Centre's scheme to promote millet-based products has boosted local production and procurement of agricultural produce, which has benefited farmers.

Dec 9, 2024

Skill India Digital Hub achieves milestone with over 1 crore registration

Skill India Digital Hub Surpasses 1 Cr Registrations Milestone

The Skill India Digital Hub (SIDH) has registered over 1 crore users, offering diverse courses and job opportunities. The platform has created 12 lakh total opportunities, with enrolments from senior learners across 505 districts.

Dec 9, 2024

RBI decisions to ensure better balance between growth, inflation: Industry chambers

Leading industry chambers on Friday welcomed the RBI decisions especially around the repo and cash reserve ratio (CRR) rates, saying that these measures would ensure a better balance between growth and inflation management.

Dec 6, 2024

RBI's MuleHunter.AI proves successful in detecting bank a/cs used for fraud

The Reserve Bank of India (RBI) on Friday announced that a pilot with two large public sector banks on its MuleHunter.AI solution to identify mule bank accounts has yielded encouraging results and urged banks to join the initiative.

Dec 6, 2024

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

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Economy News

Indian mutual fund industry's AUM crosses Rs 68 lakh crore for 1st time

SIP investments in India above Rs 25,000 crore for 2nd month in a row

RBI, Finance Ministry coordination at its best, says Shaktikanta Das

Who is Sanjay Malhotra? New RBI Governor set to replace long-serving Shaktikanta Das

India's surging FDI inflows surpass $1,000 billion milestone in last 4 years

Nifty Next 50 outperforms NSE's benchmark, jumps over 47% in a year: Report

India to invest over Rs 143 lakh crore in urban infra by 2030, land prices to surge

Centre's millet scheme is boosting farmers' incomes: Minister

Skill India Digital Hub Surpasses 1 Cr Registrations Milestone

RBI decisions to ensure better balance between growth, inflation: Industry chambers

RBI's MuleHunter.AI proves successful in detecting bank a/cs used for fraud

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

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

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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