In a recent gathering of stakeholders from across the textile sector, Union Minister Shri Piyush Goyal delivered a compelling message: “Be vocal for local and take local to global.” This rallying cry from Prime Minister Shri Narendra Modi encapsulates the essence of promoting indigenous products on the world stage. The emphasis was not only on …
What is CBDC? The RBI has said that CBDC or Central Bank Digital Currency is broadly defined as legal tender (or currency) in digital form. It is a store of value that can be converted into paper currency and would appear as a liability on the central bank’s balance sheet. It is based on the …
A country or the world might face an economic slowdown at any point in time. This downturn or recession significantly impacts the country’s economy, which is generally visible in the employment rate, industrial production, real GDP, the decline in retail sales, and national income. Before we understand what causes recession and how to recover from …
In the fast-paced world of global finance, the performance of currencies often mirrors the economic strength and stability of a nation. In the first two months of 2024, one currency stood out among its emerging market peers, showcasing resilience and promise for the year ahead: the Indian rupee. The Rupee’s Standout Performance While many emerging …
India’s cabinet recently approved a landmark $9 billion initiative aimed at accelerating the adoption of rooftop solar panels across the country. This ambitious plan, which targets 10 million homes, represents a significant step forward in India’s quest for cleaner and more sustainable energy sources. In this article, we delve into the details of this initiative …
On March 05, 2024, the Government of India reviewed the Foreign Direct Investment (FDI) Policy on the Space sector and made amendments under Para 5.2.12 of the Consolidated FDI Policy Circular of 2020: Sector/Activity Sectoral Cap Entry Route 5.2.12.1 (1) Satellites-Manufacturing & Operation 100% Up to 74%: Automatic Beyond 74%: Government route (2) Satellite Data …
The purpose of the Nifty Metal Index is to replicate the performance of the sector in India, including mining. So far, in the month of March, the Nifty Metal index has witnessed a notable rise of 5%. On March 01, 2024, the index closed with a gain of ~3.62% at 8,208.50. The metal index continued …
Women’s participation in the investment world is on the rise, reflecting a significant shift in traditional gender roles. As more women step into the realm of finance, they are not only breaking barriers but also building wealth and financial independence. Beyond these headlines, women are making meaningful contributions to households, societies, and corporate landscapes every …
India’s economic growth in the final quarter of last year exceeded expectations, with GDP rising by an impressive 8.4%. This growth was driven by strong private-sector investment and increased spending in the services sector. However, the Gross Value Added (GVA) figures, which exclude taxes and subsidies, showed a slowdown to 6.5% from a previous 7.7%, …
India has asserted its position at the ongoing WTO meeting in Abu Dhabi, refuting claims of obstructing progress and highlighting its commitment to equitable trade practices. Trade Minister Piyush Goyal reiterated India’s adherence to international obligations while advocating for a level playing field in a global economy historically biased against developing nations. India’s Open Engagement …
