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The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment.
Out of the total gold reserves, 510.46
The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment.
Out of the total gold reserves, 510.46
The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September.
This latest forecast is lower than the previous projection of 7% made by RBI Gov
The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September.
This latest forecast is lower than the previous projection of 7% made by RBI Gov
The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards.
In a press release, the RBI emphasized its ongoing commitment to
The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards.
In a press release, the RBI emphasized its ongoing commitment to
The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions.
In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,
The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions.
In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,
In a significant development amidst ongoing political discourse, the TDP coalition government has received preliminary reports from IIT Chennai and IIT Hyderabad confirming the integrity of various building foundations in Amaravati. These buildings, which have been exposed to fluctuating water levels and weather conditions over the past five years under YCP rule, include crucial structures such as the High Court, Secretariat, and departmental offices.
Experts from both IITs were tas
In a significant development amidst ongoing political discourse, the TDP coalition government has received preliminary reports from IIT Chennai and IIT Hyderabad confirming the integrity of various building foundations in Amaravati. These buildings, which have been exposed to fluctuating water levels and weather conditions over the past five years under YCP rule, include crucial structures such as the High Court, Secretariat, and departmental offices.
Experts from both IITs were tas
The TDP government is set to reintegrate and expand the role of volunteers previously active during the YCP administration. Chief Minister N. Chandrababu Naidu has announced a significant increase in the honorarium for these volunteers, raising it from Rs 5,000 to Rs 10,000 per month. This move aims to recognize their pivotal role and ensure their continued involvement in government activities.
Under the new plan, volunteers will not only handle the distribution of pensions but will
The TDP government is set to reintegrate and expand the role of volunteers previously active during the YCP administration. Chief Minister N. Chandrababu Naidu has announced a significant increase in the honorarium for these volunteers, raising it from Rs 5,000 to Rs 10,000 per month. This move aims to recognize their pivotal role and ensure their continued involvement in government activities.
Under the new plan, volunteers will not only handle the distribution of pensions but will
