As part of measures to manage liquidity conditions, the central bank also announced a USD/INR Buy/Sell Swap auction of $5 billion for a tenor of six months to be held on January 31, 2025 India’s central bank announced on Monday a host of measures to inject liquidity into the banking system, including bond purchases and […]
Total digital transactions grew at a CAGR of 45.9% over five years, with UPI leading at 74.03%: RBI Payment System Report The Reserve Bank of India (RBI) published the Payment System Report 2024 on January 27. • Payments form the backbone of any economic activity. They are increasingly being recognised as a means of achieving financial
India’s investment ecosystem and external commercial borrowings (ECBs) have witnessed significant developments over the past few years. The recent report by the State Bank of India (SBI) has highlighted trends in investment announcements, private sector’s contribution, and role of ECBs in corporate financing. Investment Announcements (9MFY25) Investment activity in India continues to grow at a rapid pace, with significant contributions from the private
Empowering Consumers, Fostering Awareness”: RBI Hosts Press Conference to Illuminate Reserve Bank- Integrated Ombudsman Scheme (RB-IOS), 2021, Emphasizing Grievance Redressal and Accessibility The Reserve Bank of India (RBI) organized a pivotal Press Conference today at Hotel Mountview, Chandigarh, aimed at elevating consumer awareness surrounding the transformative Reserve Bank – Integrated Ombudsman Scheme, 2021 (RB-IOS, 2021).
$5.7 trillion threat: How global fragmentation could hit India and emerging economies hard Emerging markets like India, Brazil, and Türkiye, along with nations in Africa and Southeast Asia, would bear the brunt of the economic burden, facing GDP losses of over 10% due to their dependence on an integrated global financial system. As states increasingly
India’s digital economy set to drive one-fifth of GDP by 2030 India’s digital economy is projected to grow nearly twice as fast as the overall economy, contributing close to one-fifth of the country’s national income by 2030, according to a report from the Ministry of Electronics and Information Technology (MeitY). The report, titled Estimation and
Department of Commerce introduces Diamond Imprest Authorization Scheme to boost global competitiveness of diamond sector Scheme to support MSME diamond exporters and safeguard domestic industry Department of Commerce, Government of India has introduced the Diamond Imprest Authorization (DIA) Scheme on 21st of January 2025, aiming to enhance the global competitiveness of India’s diamond sector. This
Donald Trump has officially taken over the Oval office, as the 47th President of the United States. The 78-year-old Republican’s second run at the White House began with a series of executive orders, the fastest tool he has, ranging from delaying TikTok ban to increasing domestic energy production. During his first term, Trump had signed
The Uttarakhand government on Monday (January 20, 2025) approved the rules for the Uniform Civil Code (UCC) in a State Cabinet meeting chaired by Chief Minister Pushkar Singh Dhami. Paving the way for its implementation, Mr. Dhami said the government would issue a gazette notification for the legislation by the end of January. Tatkal registration, door-to-door services
The RBI on Monday (January 20, 2025) modified guidelines related to Asset Reconstruction Companies (ARCs), envisaging that settlement with the borrower should be undertaken only after all possible ways to recover dues have been examined. The Reserve Bank of India (RBI) has issued guidelines on Settlement of Dues of borrowers by Asset Reconstruction Companies (ARCs).