The Indian banking and financial services sector is experiencing a substantial evolution, driven by the latest advancements in the digital landscape. The Reserve Bank of India remains steadfast in its commitment to upholding regulatory integrity while safeguarding the interests of investors. Personal loans have witnessed a substantial surge, primarily driven by the increased demand for …
Mumbai is set to host the dynamic Fourth G20 Global Partnership for Financial Inclusion (GPFI) Meeting, scheduled from September 14 to 16, 2023. This high-profile gathering will assemble a diverse array of over 50 delegates hailing from G20 member nations, special invitee countries, and esteemed international organizations. The meeting’s central focus revolves around catalysing progress …
What is CPI? CPI is a measure used to track changes in the average prices of a basket of goods and services over time. It helps gauge inflation by reflecting how much more or less consumers need to spend to maintain their standard of living. Central banks and policymakers use CPI data to make economic …
India’s trade relationship with Saudi Arabia has been a crucial component of its economic strategy for years, but recently, it has hit an all-time high trade deficit. A trade deficit occurs when a country imports more goods and services than it exports, leading to an imbalance in trade. Analysing India-Saudi Arabia trade deficit To understand …
The creation of the Global Biofuels Alliance marks the beginning of a new phase in the quest for eco-friendly energy options. Countries from all over the world have also given their support to adopt biofuels and understand how important they are in reducing pollution and addressing climate change. India, as the world’s third-largest consumer and …
Indian Prime Minister Narendra Modi has announced the launch of the India-Middle East-Europe mega economic corridor, marking a significant step toward economic integration between India, West Asia, and Europe. The initiative has garnered international attention, with US President Joe Biden describing it as a “game-changing regional investment.” What is the deal with the rail corridor …
Hindustan Unilever has reached Rs. 6 trillion market capitalisation after the company’s shares surged more than 20% from the previous FY. This makes Hindustan Unilever Ltd the fifth Indian enterprise to achieve this feat. Let’s Take a Closer Look! On 20 August 2021, HUL’s shares reached Rs. 2,628.85 on the BSE, an all-time high. In …
The government plans to fully sell stakes in BPCL, Air India and other public sector undertakings that have been listed for sale in the current fiscal, apart from working on the asset monetisation plan worth Rs 6-lakh crore. The government is reportedly expecting dividends worth Rs 50,000 crore from public sector units for the current …
Good news for the traders. After a pause of nearly three months, energy exchanges IEX and PXIL will begin trading renewable energy certificates on October 28. The green certificate trading stopped in July after the Appellate Tribunal for Electricity (APTEL) decided to suspend REC trading for four weeks over a pricing dispute with Central Electricity …
Today, the Reserve Bank of India announced its decision to discontinue the Incremental Cash Reserve Ratio (I-CRR) in a phased manner. This decision comes after a careful assessment of current and evolving liquidity conditions in the financial market. Before moving on to the incremental cash reserve ratio, we need to understand the cash reserve ratio …
