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. …
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 …
The SEBI board is set to meet today, September 30, 2024. This meeting comes amid allegations of a conflict of interest against SEBI Chairperson Madhabi Puri Buch by US-based Hindenburg Research. In addition, India’s Congress party has accused the SEBI Chairperson of using unpublished price-sensitive information to gain financial benefits by trading in listed securities …
The Indian mining sector has maintained its robust momentum in the current fiscal year, FY 2024-25, following a record-breaking performance in FY 2023-24. Iron ore, accounting for approximately 70% of the total mineral production value, has continued to drive this growth. Preliminary data reveals a significant increase in iron ore production from 108 million metric …
On September 25, 2024, the Asian Development Bank (ADB) announced that India’s growth is expected to pick up starting in the July-September quarter, driven by better agricultural performance and higher government spending. ADB has kept its GDP growth forecast for the 2024-25 financial year (FY25) at 7%. At the same time, the Organisation for Economic …
The Indian government is poised to invest a substantial ₹9.15 lakh crore in bolstering its central and state transmission systems by 2032, as outlined in the revised National Electricity Plan (NEP). This significant investment is part of a broader strategy to meet the nation’s growing energy demands and facilitate the integration of renewable energy sources. …
As India marks the 10th anniversary of the “Make in India” initiative, its transformative impact on the country’s renewable energy sector is undeniable. The government’s concerted efforts have spurred significant investments, fostered innovation, and built world-class infrastructure, positioning India as a global hub for renewable energy manufacturing. Key Achievements Domestic Manufacturing Surge: The initiative has …
India is the world’s 2nd -largest user of coal, thanks to its quickly expanding economy. It has the 5th-largest coal reserves. However, the current consumption landscape highlights a significant reliance on imports, especially for coking coal and high-grade thermal coal, which are sufficiently available domestically. This dependency is crucial for supporting key industries, notably steel …
The Indian electric scooter market has seen remarkable growth in recent years, driven by rising fuel prices, increasing environmental awareness, and government initiatives to promote electric mobility. The Indian EV market is expected to expand from US$3.21 billion in 2022 to US$113.99 billion by 2029, with a 66.52% CAGR. The country is on the path …
India’s energy demand is likely to grow more rapidly than any other country over the coming decades due to its large population and potential for development. To meet this rising demand, relying on low-carbon, renewable energy sources is crucial. The country has committed significantly to achieving net zero carbon emissions by 2070. It plans to …
