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Economy

Union Bank Predicts India’s Q1 FY25 GDP Growth To Slow To 6.7% Due To Industrial Decline

28 Aug 2024 14:04 PM IST

Ahead of the official release of the first-quarter GDP growth numbers for FY25 on August 30, a report by the Union Bank suggests the GDP rate to be moderated at around 6.7 percent.

Indian Stock Market Hits New Highs With Sensex Rises By 612 Points, Nifty Crosses 25,000

26 Aug 2024 17:50 PM IST

Indian stock market indices Sensex and Nifty approached fresh lifetime highs on the first trading day of the week, driven by a rally in the US markets and fresh foreign portfolio investments. By the close of Monday’s trade, the Nifty 50 on the National Stock Exchange (NSE) had risen by 187.45 points, ending at 25,010.60. […]

What You Need To Know About India’s New Unified Pension Scheme (UPS)

25 Aug 2024 03:33 AM IST

On August 24, the Union Cabinet approved a significant update to India's pension policy with the introduction of the Unified Pension Scheme (UPS), set to take effect from April 1, 2025. This move comes as a response to criticism of the New Pension Scheme (NPS) and aims to address growing discontent among government employees.

India Boosts Foreign Exchange Reserves By USD 4.5 Billion, Hitting USD 674.7 Billion

23 Aug 2024 18:55 PM IST

India's foreign exchange reserves increased by USD 4.546 billion, reaching USD 674.664 billion, just below their all-time high, during the week ending August 16, according to data released by the Reserve Bank of India (RBI) on Friday.

1.09 Crore New EPF Subscribers Join In FY24, Signaling Formal Sector Growth

23 Aug 2024 16:52 PM IST

Under the Employees' Provident Funds Scheme, a total of 1.09 crore new EPF subscribers were added during the financial year 2023-24, the Ministry of Statistics and Programme Implementation said on Friday.

Potential US Rate Cut In September Could Lower India’s Policy Rates: S&P Global

23 Aug 2024 13:27 PM IST

The easing inflation and weakening job market trends in the US, as revealed in the recent figures, will push the Federal Reserve to cut interest rates, which will lead to lower rates in developing countries like India, indicates S&P Global on Friday.

RBI’s MPC Discussion: Prioritizing Disinflation Amid Persistent Food Inflation Challenges

22 Aug 2024 19:08 PM IST

RBI Governor Shaktikanta Das highlighted the delicate balancing act faced by the central bank in the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting held from August 6 to 8.

RBI Deputy Governor Calls For Increased Digitisation In Credit Delivery To Support MSMEs

22 Aug 2024 14:33 PM IST

Speaking at the Annual Day of the Foreign Exchange Dealers on Thursday, Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI), said that the financial sector should leverage digitisation in credit delivery to help Micro, Small, and Medium Enterprises (MSMEs).

RBI Governor Shaktikanta Das Earns A+ For Second Consecutive Year In Central Banker Report Cards

20 Aug 2024 20:28 PM IST

For the second consecutive year, Reserve Bank of India (RBI) Governor Shaktikanta Das has been rated "A+" in the Global Finance Central Banker Report Cards.

India Poised To Outshine China In New Energy: Nuvama Report Reveals

20 Aug 2024 15:01 PM IST

India's potential to become the lowest-cost green ammonia producer is a game-changer in the global energy market. According to a Nuvama report, this edge is largely due to India's lower costs in solar photovoltaic (PV) and wind energy, which are 16-44 percent and 17-40 percent lower, respectively, compared to global averages.

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Economy

Union Bank Predicts India’s Q1 FY25 GDP Growth To Slow To 6.7% Due To Industrial Decline

Indian Stock Market Hits New Highs With Sensex Rises By 612 Points, Nifty Crosses 25,000

What You Need To Know About India’s New Unified Pension Scheme (UPS)

India Boosts Foreign Exchange Reserves By USD 4.5 Billion, Hitting USD 674.7 Billion

1.09 Crore New EPF Subscribers Join In FY24, Signaling Formal Sector Growth

Potential US Rate Cut In September Could Lower India’s Policy Rates: S&P Global

RBI’s MPC Discussion: Prioritizing Disinflation Amid Persistent Food Inflation Challenges

RBI Deputy Governor Calls For Increased Digitisation In Credit Delivery To Support MSMEs

RBI Governor Shaktikanta Das Earns A+ For Second Consecutive Year In Central Banker Report Cards

India Poised To Outshine China In New Energy: Nuvama Report Reveals

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