The Reserve Bank of India (RBI) has received prestigious global recognition. Global Finance has named it the Most Innovative Financial Institution in its 2025 Innovators list. The central bank announced this achievement in a post on X, formerly known as Twitter. This makes the RBI the first central bank to win this significant award. Recognition …
In a smart and swift move, Apple flew 5 cargo flights packed with iPhones and other gadgets from India and China to the US in just three days. This rapid shipment was a strategic response to looming Trump tariffs that threatened to raise the cost of imported electronics by 10%. The move highlights how Apple …
GDP per capita is a widely used economic indicator that measures the average economic output (GDP) per person in a country. It is calculated by dividing a nation’s total gross domestic product by its population. This metric offers a clearer picture of individual prosperity and is often used as a benchmark to compare the economic …
External Affairs Minister S. Jaishankar and US Secretary of State Marco Rubio held a telephonic conversation on Monday to discuss the effects of recently imposed US tariffs on Indian exports. The US State Department stated that the call focused on exploring avenues for advancing a “fair and balanced trade relationship.” The discussion followed US President …
In a significant step towards banking sector reform, the Union government has issued a gazette notification announcing the merger of multiple Regional Rural Banks (RRBs), effective from 1 May 2025. Exercising powers under Section 23A(1) of the Regional Rural Banks Act, 1976, the government has formalised the creation of single RRB entities in several states …
India’s trade equation with the United States is facing a fresh challenge following Washington’s decision to impose a sweeping 26% reciprocal tariff. According to a report by the Global Trade Research Initiative (GTRI), this move could lead to a 6.41% contraction in India’s exports to the US in 2025, equating to a drop of $5.76 …
The Reserve Bank of India (RBI) is poised to further increase its record cash injections into the banking system in order to protect the economy from growing global challenges as mentioned in various news reports. Infusion of ₹4 Trillion in Banking System The RBI is expected to infuse as much as ₹4 trillion ($47 billion) …
On 8 April 2025, Pradhan Mantri MUDRA Yojana (PMMY) completes its 10 years of inception. PM Mudra Yojana (PMMY) aims to fund the unfunded micro enterprises and small businesses without any collateral. Achievements under Pradhan Mantri Mudra Yojana PMMY has sanctioned over 52 crore loans worth ₹32.61 lakh crore, fuelling a nationwide entrepreneurial revolution since …
Union Railways Minister Ashwini Vaishnaw shared the revenue details of Indian Railways for the financial year ending March 31, 2024. The total revenue earned was ₹2,56,093 crore. The total expenditure was ₹2,52,834 crore. This resulted in a net revenue of ₹3,260 crore. Indian Railways is one of the largest rail networks globally. It plays a …
In a move that directly impacts household budgets, the price of cooking gas has been increased by ₹50 per cylinder. The Union Petroleum Minister announced that the hike applies to both general category users and beneficiaries under the Ujjwala Yojana. With this, the price of a standard 14.2-kg LPG cylinder has gone up from ₹803 …
