On April 11, 2025, the Reserve Bank of India (RBI) announced that it has decided to implement an Open Market Operation (OMO) purchase auction of Government of India securities on a review of current and evolving liquidity conditions. The schedule OMO of worth ₹40,000 crore is to be held on April 17, 2025. RBI further …
The commerce and industry ministry is set to allocate a significant portion of the second ₹10,000 crore Fund of Funds Scheme (FFS) for startups in cutting-edge sectors such as new-age technology, artificial intelligence (AI), and machine building, a senior official confirmed. Focus on High-Tech and Emerging Sectors “We are going to dedicate a lot of …
If you are a young professional and recently graduated, then you have an exciting opportunity to do an internship in one of the top 500 companies. You can do this with the Central Government-backed PM Internship scheme, which was announced in the Union Budget 2024-25 to provide one crore youth with internship opportunities. PM Internship …
In an unexpected move, a three-month pause on reciprocal tariffs has been announced, sending waves across global markets. The only exception? This pause does not apply to China, which continues to face steep duties. The decision marks a shift from the tough tariff approach that had defined the trade policy in recent months. China Still Faces …
Debates over 5-day banking workweek have reemerged among bank employees amidst rapid digital transformation. They demand weekly offs like other banks’ employees worldwide. However, this shift has multiple pros and cons, and they must be carefully evaluated. Advantages of a 5-Day Banking Workweek Employee Well-being A 5-day workweek for bank employees can enhance their well-being. …
You can heave a sigh of relief as your home loan interest rates are expected to fall. In FY 26’s first MPC meeting, the RBI decided to cut its repo rate by 25-basis points. This will bring the repo rate down to 6% and ease your monthly home loan EMIs. What is Repo Rate? The …
The PM Mudra Yojana was launched on April 8, 2015. Various government sources suggest varying trends in average loan sizes disbursed under the scheme. The initiative aims to give micro and small businesses access to formal financing. This includes loans for income-generating activities such as manufacturing, trading, and allied agricultural sectors. Loan Categories Under the …
The cost of a home-cooked vegetarian thali saw a month-on-month decrease of 2% in March 2025. The cost of a non-vegetarian thali also dropped by 5%, as per a report by CRISIL Intelligence that was released on Monday. Reasons for the Fall The primary reason for this fall was the lower prices of important vegetables. …
In a bold move shaking global trade, Donald Trump has officially imposed a 104% tariff on Chinese goods, marking one of the most aggressive tariff hikes in American history. The White House confirmed this decision after China refused to withdraw its 34% retaliatory tariff on US imports. The new Trump tariff is aimed at countering …
In a significant move for India’s digital payment ecosystem, the Reserve Bank of India (RBI) has allowed the National Payments Corporation of India (NPCI) to increase transaction limits for person-to-merchant (P2M) payments made through the Unified Payments Interface (UPI). This decision reflects RBI’s commitment to meet evolving user needs and support smoother digital transactions in the …
