India is making significant strides in defence self-reliance, with 88% ammunition production sufficiency and defence exports reaching ₹23,000 crore in 2023-24. The government now targets ₹50,000 crore in exports by 2029, boosting national security and economic growth. India’s Defence Minister Rajnath Singh urged IIT Mandi to contribute to AI warfare, cybersecurity, and quantum technology advancements. …
On February 24, Prime Minister Shri Narendra Modi extended warm congratulations to farmers across the country on the 6th anniversary of the PM Kisan Samman Nidhi Yojana, a landmark initiative aimed at providing financial assistance to farmers. Since its inception, the scheme has significantly contributed to the welfare and empowerment of the agricultural community. The …
The NSE India Inc. Ownership Tracker for Q3 FY25 highlights a shift in equity ownership, with promoters and Foreign Portfolio Investors (FPIs) retreating, while Domestic Mutual Funds (DMFs) and individual investors steadily grow their influence. The latest figures reveal that promoter holdings in NSE-listed and Nifty 500 companies dropped for the 2nd consecutive quarter, while …
On February 21, 2025, the central bank, Reserve Bank of India (RBI) through a press release announced its decision to conduct a $10 billion 3-year USD/INR buy/sell swap auction on February 28. This decision aims to boost liquidity in the banking system. Process of Auction Market participants will submit bids based on the premium they …
India is set to develop its first offshore airport near Mumbai as part of the government’s broader vision to modernise the country’s infrastructure. The ambitious project, expected to be located on an artificial island near the Vadhvan seaport on India’s west coast, will mark a significant milestone in India’s aviation sector. Inspired by international models …
The Reserve Bank of India (RBI) has tightened rules on unsecured loans due to increasing defaults. Fitch Ratings has warned about financial stress in personal loans and credit card debt. However, experts argue that healthcare loans need a different regulatory approach. Concerns Over Rising Defaults A recent Fitch report highlights growing risks in unsecured lending. …
The Reserve Bank of India (RBI) has proposed new guidelines to eliminate prepayment penalties and foreclosure charges on floating-rate loans. The draft guidelines, released on Friday, invite public feedback until March 21, 2025. Once finalised, the new rules will apply to loans closed after the specified date in the final circular. Who Will Be Affected? …
India’s economy is expected to remain the fastest-growing major economy in 2025-26, with GDP growth projections of 6.5% (IMF) and 6.7% (World Bank), according to the latest RBI bulletin. Despite global uncertainties, indicators suggest that economic activity picked up in the second half of 2024-25, and this momentum is likely to continue, as per the …
On February 20, 2025, the government relaunched the Prime Minister Internship Scheme (PMIS) with the introduction of Round 2 in its pilot phase. After receiving over 6,00,000 applications in Round 1, Round 2 offers more than 100,000 internship opportunities in leading companies across over 730 districts in India. What is Prime Minister Internship Scheme? The …
The Reserve Bank of India (RBI) staff has released a report stating that the Union Budget 2025-26 (FY26) effectively balances fiscal consolidation and economic growth. The Budget sets a fiscal deficit target of 4.4% of GDP, lower than the revised estimate of 4.8% for FY25. This aligns with the government’s goal of keeping the deficit …
