The Indian Rupee has extended its winning streak into the fourth consecutive week as of May 2, 2025, fuelled by robust foreign investor inflows and improving global sentiment. The local currency breached the critical 84 per dollar mark intra-day, highlighting strong upside momentum. The USD/INR FX spot rate was trading lower at 84.29, down 0.3 …
India’s startup funding ecosystem saw a dramatic decline in April 2025, with total capital inflow dropping to just $745 million—a steep fall from the $1.76 billion recorded in January, according to data from Entrackr. The 58% drop reflects a cooling investor appetite, particularly for large-scale deals, and a shifting focus toward public markets. In total, …
The Ministry of Corporate Affairs (MCA) is expecting a sharp rise in candidate selections and internship acceptances in the second round of the PM Internship Scheme (PMIS) pilot phase, as per news reports. The increase is expected due to key changes made to address the challenges faced in the first round. What Changes Were Made …
India’s overall bank credit growth moderated to 12% in FY25, down from 16% in the previous year, reflecting both regulatory tightening and the base effect, according to the Reserve Bank of India’s (RBI) latest data on sectoral deployment of credit. Regulatory Curbs Impact Retail and Services Lending A significant portion of the slowdown stemmed from …
Maharashtra government has reduced the monthly stipend for 8 lakh women beneficiaries under its flagship Mukhya Mantri Majhi Ladki Bahin Yojana. The reduction comes after it was found that these women were also receiving financial assistance under the Namo Shetkari Mahasanman Nidhi (NSMN) scheme. This move is aimed at streamlining welfare distribution and improving the …
In the month of April 2025, India’s coal production and dispatch recorded consistent growth, underscoring the Ministry of Coal’s sustained efforts to ensure a reliable supply and operational resilience across the sector. Rising Coal Production and Dispatch As per the provisional data, the total coal production reached 81.57 million tonnes (MT) in April 2025, up …
The National Payments Corporation of India (NPCI) has asked all banks and payment apps to reduce the response time for key UPI services. Starting June 16, 2025, all UPI transactions in India will become faster and more reliable. The goal is to improve user experience and reduce the delays people sometimes face while sending or receiving …
The Unified Pension Scheme (UPS) has been implemented for All India Services (AIS) officers of the Rajasthan cadre, as per a notification issued by the Department of Personnel (DOP). This scheme will serve as an optional benefit under the existing National Pension System (NPS). The central government has introduced UPS as an alternative for NPS-covered …
भारत के डिजिटल भुगतान पारिस्थितिकी तंत्र के लिए एक महत्वपूर्ण कदम में, भारतीय रिजर्व बैंक (आरबीआई) ने नेशनल पेमेंट्स कॉरपोरेशन ऑफ इंडिया (एनपीसीआई) को यूनिफाइड पेमेंट्स इंटरफेस (यूपीआई) के माध्यम से किए गए पर्सन-टू-मर्चेंट (पी2एम) भुगतानों के लिए लेनदेन सीमा बढ़ाने की अनुमति दी है। यह निर्णय आरबीआई की विकसित हो रही उपयोगकर्ता आवश्यकताओं को …
Wondering if banks and stock markets will remain closed on Akshay Tritiya 2025? Let’s find out. Akshaya Tritiya is a very important and auspicious festival celebrated across India. It falls on the third day of Shukla Paksha and is considered a lucky day for starting new ventures and making big purchases, especially gold. Are Banks …
