Economy News

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

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

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Economy News

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

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

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

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