India has achieved a significant milestone in its renewable energy journey, surpassing 200 GW (gigawatts) of total renewable energy capacity as of October 10, 2024. According to the Central Electricity Authority, the current renewable energy-based electricity generation capacity stands at 201.45 GW. This accomplishment highlights India’s commitment to clean energy and its ongoing efforts to …
The Growth Hub Index 2024 report highlights Asia’s dominance among the world’s top 15 growth hubs, with an impressive 14 of these cities located in the region. These cities are projected to excel in terms of wealth accumulation, economic expansion, and developmental opportunities by 2033. Indian cities stand out prominently in this landscape, with four …
After Reliance Jio, the PHD Chamber of Commerce has also asked the Telecom Regulatory Authority of India (Trai) to revise its consultation paper on the rules for allocating satellite spectrum. They argue that the paper fails to address important issues regarding fair competition between satellite and terrestrial networks. In a letter to Trai Chairman AK …
The Reserve Bank of India (RBI) announced its fourth bi-monthly monetary policy for FY25 today, October 9, 2024. After a 3-day meeting, the six-member Monetary Policy Committee (MPC), led by RBI Governor Shaktikanta Das, decided to keep the repo rate unchanged at 6.5%. This marks the tenth consecutive meeting where no changes were made to …
The Reserve Bank of India (RBI) continues to drive India’s digital payment revolution by increasing the transaction limits for UPI 123Pay and UPI Lite. During the Monetary Policy Committee (MPC) 2024 meeting, Governor Shaktikanta Das announced this update aimed to enhance digital payments, especially for feature phone users. As part of the RBI’s ongoing efforts …
As India’s economy continues to demonstrate resilience, the Reserve Bank of India (RBI) is poised to announce its monetary policy decision on October 9, 2024. Despite mounting pressure to ease interest rates, the central bank is widely expected to maintain the status quo, reflecting concerns about inflation and global economic uncertainties. Check out what to …
International crude oil prices increased in the last session, marking their largest weekly rise in over a year due to the growing risk of a regional war between Israel and Iran. However, the gains were somewhat restrained after U.S. President Joe Biden advised Israel not to target Iranian oil facilities. Brent crude futures went up …
Banks saw higher year-on-year (Y-o-Y) growth in raising deposits during the second quarter of FY25 (Q2FY25) compared to the first quarter (Q1FY25), thanks to efforts to attract more deposits by offering higher interest rates and new schemes. 4 out of 5 banks experienced a 2-3% faster growth rate compared to the quarter ending June 2024. …
India’s stock market is experiencing a significant surge, with investors seeing it as an emerging market poised for strong long-term growth.‘ The NSE Nifty 50 Index, a key benchmark for Indian stocks, has jumped 18.7% this year, reaching record highs. Similarly, the iShares MSCI India ETF (INDA), which tracks the Indian market, is up nearly …
On September 30, 2024, the Reserve Bank of India (RBI) highlighted problems in gold-lending practices, including issues with using third-party agencies, insufficient checks on borrowers, and poor tracking of how funds are used. The RBI has instructed gold lenders to examine their policies and make necessary improvements within the next 3 months. Gold loans are …
