The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, has advised urban cooperative banks (UCBs) to focus on rebuilding depositor confidence, improving customer service, and strengthening resilience against IT and cyber risks. His remarks came during a meeting with UCB representatives and industry bodies, where the RBI reaffirmed its support for the sector while emphasising …
Net foreign direct investment (FDI) inflows in India have declined substantially. In FY 2023-24, net FDI inflows were nearly US$11.5 billion driven by higher repatriation and outward FDI. However, It fell to US$1.4 billion in April-January 2025. As per the Reserve Bank of India (RBI), gross FDI has remained high. During FY 2023-24, gross FDI …
Mumbai, Mar 20 (PTI) The Reserve Bank of India (RBI) on Thursday said it has appointed Indranil Bhattacharyya as executive director (ED). As executive director, Bhattacharyya will look after the Department of Economic and Policy Research, the RBI said in a statement. The appointment is effective from March 19. Prior to his promotion as ED, …
London, Mar 20 (AP) The Bank of England is set to keep UK interest rates unchanged Thursday even though the economy is barely growing and set for further uncertainty in light of the tariff policies being enacted by the Trump administration in the US. The nine-member Monetary Policy Committee is expected to keep the bank’s …
New Delhi, Mar 20 (PTI) India’s ‘AI for All’ mantra is backed by concrete action with the country leading in AI skill penetration and talent concentration, Union Minister Jitin Prasada said on Thursday as he urged industry leaders to prioritise research and development (R&D) to capitalise on India’s position as a global skill capital. Prasada, …
On March 20, 2025, Gold prices continued their rally for a 3rd consecutive day, reaching new record highs in major Indian cities. This surge followed the US Federal Reserve’s decision to keep interest rates unchanged, as expected while signalling the possibility of two rate cuts by the end of the year. As of 12:00 PM, …
Over the past three years, India has experienced growth in motorcycle parts exports, driven by government initiatives such as the Production-Linked Incentive (PLI) scheme. This program has bolstered domestic manufacturing and enhanced the sector’s global presence. Period Exports (₹ Crore) Exports (US$ Million) YOY (%) April-January FY22 4,833.27 US$ 558.05 – April-January FY25 6,142.55 US$ …
As India solidifies its position as a global startup powerhouse, the much-anticipated Startup Mahakumbh 2025 is poised to become a landmark event in the country’s entrepreneurial journey. Scheduled to take place from April 3 to 5, 2025, at the iconic Bharat Mandapam in New Delhi, the event will bring together 3,000+ exhibiting startups, 1,000+ investors, …
In recent years, India has made significant strides toward enhancing its solar manufacturing capabilities, thanks to a combination of expanding domestic production and proactive government measures. These developments have contributed to a positive shift in India’s solar landscape, positioning the nation as a key player in the global renewable energy sector. Progress in Domestic Solar …
On March 19, 2025, the US Federal Reserve decided to keep its benchmark interest rate unchanged and indicated that it still anticipates two rate cuts later this year, although the outlook has become more uncertain. Slower Economic Growth The Fed has revised its expectations for slower economic growth this year and next, compared to its …
