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Slump in India's forex reserves continues, hits 10-month low at USD 625.87
Updated : 1 year, 1 month ago IST
India's foreign exchange reserves (Forex) continue to decline, extending their slump for the sixth consecutive week, standing at USD 625.87 billion as of January 10, according to the weekly data released by the Reserve Bank of India (RBI).
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Government Is A Big Ally of Startups in India: SPF's Startup Baithak Pione
Updated : 1 year, 2 months ago IST
New Delhi [India], January 16: Startup Policy Forum (SPF), with the support of the Department for Promotion of Industry and Internal Trade (DPIIT) and Startup India, ended 2-days of Startup Baithak on a high-note, with attendance from dignitaries including Amitabh Kant, G20 Sherpa; Dr Shamik
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SC dismisses plea alleging Kashmiri separatist group's money exchanged by
Updated : 1 year, 2 months ago IST
The Supreme Court has dismissed a petition which alleged that the Reserve Bank of India (RBI) exchanged currency notes worth Rs 30 crores that were defaced by a Kashmiri separatist group in 2013.
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India's inflation likely to stabilize around 4.3-4.7 pc in FY26: Report
Updated : 1 year, 2 months ago IST
Inflation in the country is likely to stabilize at an average of 4.3-4.7 per cent in the financial year 2025-26 (FY26), according to a report by PL Capital.
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India's foreign exchange reserves on a decline for over 3 months
Updated : 1 year, 2 months ago IST
India's foreign exchange reserves continue to decline, extending their slump for over three months now. India's forex reserves have slumped thirteen out of the past fourteen weeks, hitting about a 10-month low.
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Industrial growth likely to slow down to 6.2 pc for FY25, revival hoped in
Updated : 1 year, 2 months ago IST
India's industrial sector is expected to grow at a slower pace of 6.2 per cent in FY25 compared to 9.5 per cent in FY24, as per advance estimates, primarily due to the base effect and a subdued manufacturing performance in the first half, according to Bank of Baroda report.
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Higher indebtedness and wealth effect have increased inequality: Report
Updated : 1 year, 2 months ago IST
The report says that higher indebtedness and wealth effect have increased inequality.
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RBI likely to follow the path of shallow rate cut in Feb MPC meeting: Repo
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) may opt for shallow rate cuts in its upcoming Monetary Policy Committee (MPC) meeting in February 2025, says a report by Sharekhan, a capital markets company. This comes amidst a cautious global economic environment.
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Policy support in upcoming budget could help India's growth recover to 7 p
Updated : 1 year, 2 months ago IST
Government's policy support in the upcoming Union Budget 2025 could play a key role in boosting India's economic growth to approximately 7 per cent in FY26, from an expected 6.3 per cent in FY25, says a report by SBI Mutual Fund.
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RBI lifts restrictions on Asirvad Micro Finance, DMI Finance
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) has decided to lift restrictions placed on Asirvad Micro Finance and DMI Finance, with immediate effect, which was initially imposed in October 2024.
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India's GDP to grow 6.4% in 2024-25 against 8.2% last fiscal, shows first
Updated : 1 year, 2 months ago IST
The Indian economy, in real terms, is expected to grow by 6.4 per cent in 2024-25 as compared to the 8.2 per cent growth in 2023-24. It is 20 basis points less than RBI estimates.
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RBI announces results of its Hackathon 2024; check award winners
Updated : 1 year, 2 months ago IST
RBI said these innovative solutions have the potential for wider adoption in the existing financial system, but are subject to compliance.
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