During 2023, 2.6 million tons of food were lost, worth 24.3 billion Shekels (USD 6.52 billion). This is an effective increase of 3 per cent compared to the previous year, with food loss currently accounting for 1.3 per cent of the national GDP and reaching 38 per cent of all food produced in
President Droupadi Murmu landed in Mumbai on Monday evening. She will grace the closing ceremony of the Reserve Bank of India's (RBI) 90th-year commemoration event on Tuesday.
The credit growth of India's banking sector is likely to rise to 13 per cent in the financial year 2025-26 (FY26) from the current level of 11.2 per cent, according to a report by Anand Rathi.
The Reserve Bank of India (RBI) is set to announce its monetary policy decision in the second week of April. Economists believe that a rate cut is necessary to support economic growth, with some advocating for a 50-basis-point (bps) reduction, while others expect a more cautious approach.
Indian banks are expected to register loan growth of 12-14 per cent in the financial year 2025-26 (FY26), driven by an increase in deposit inflows, according to a report by Ambit Capital Research.
The loan growth of banking sector will stay in the range of 12 to 14 per cent in the Fiscal Year 2026 (Estimated), according to a report by Ambit Capital.
Congress MP Gaurav Gogoi wrote a letter to Prime Minister Narendra Modi citing the need for an inquiry into the financial irregularities at Assam Cooperative Apex Bank.
In February, the RBI unanimously lowered the repo rate by 25 basis points from 6.5 per cent to 6.25 per cent, in what was the first rate cut in about 5 years since Covid.
Of the total 32 lakh defence pensioners, approximately 31 lakh have been onboarded on System for Pension Administration - Raksha (SPARSH) and their pensions are being directly credited into their bank accounts, said Ministry of Defence.
Congress President Mallikarjun Kharge on Saturday accused the central government of turning banks into "collection agents" by increasing various charges, including ATM withdrawal fees.