The Reserve Bank of India (RBI) has asked commercial banks to evaluate how new changes to the Liquidity Coverage Ratio (LCR) norms could affect their operations. This comes after concerns from banks about the stricter regulations, according to reports. Draft Norms Under Review The RBI is reviewing draft norms that are expected to come into …
India’s foreign exchange reserves declined by $1.8 billion to settle at $623.98 billion for the week ending January 17, 2025, according to data released by the Reserve Bank of India (RBI) on Friday. Breakdown of Reserves The decline was primarily driven by a significant drop in foreign currency assets (FCA), which fell by $2.87 billion …
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with the professional networking platform Apna to enhance talent acquisition for government-registered startups. The partnership is designed to empower startups by offering access to Apna’s hiring tools and tailored talent pools. Initiative to Offer Hiring Credits for Startups …
On January 23, 2025, the Indian rupee traded at 86.48 against the U.S. dollar, marking an intra-day high of 86.71 in a volatile trading session. The currency opened the day 11 paise weaker at 86.56 at the interbank foreign exchange market before sliding to its lowest point of the day at 86.71. Dollar Index Edges …
India’s renewable energy sector is rapidly transforming, and 2024 marked an exceptional year in this transition. With a growing commitment to sustainability and green energy solutions, India continues to make waves in the global energy landscape. By 2030, the country aims to achieve 500 GW of non-fossil fuel-based energy capacity—a monumental goal that solidifies its …
India’s Ministry of Statistics and Programme Implementation (MoSPI) has announced a remarkable achievement for eSankhyiki, the country’s premier platform for statistical data dissemination. Within just 7-month of its launch in June 2024, the platform has surpassed 134 million records, highlighting India’s dedication to leveraging data for governance and policymaking. A Revolutionary Platform for Data Accessibility …
National Girl Child Day is celebrated annually on January 24 to promote awareness of girls’ rights, equality, and empowerment. Initiated by the Ministry of Women and Child Development in 2008, the day coincides with the anniversary of the launch of Prime Minister Narendra Modi’s Beti Bachao, Beti Padhao (BBBP) scheme, which began on January 22, …
The government has approved the creation of the 8th Pay Commission to revise the salaries of central government employees and pensioners, with the changes expected to take effect from January 1, 2026. This decision was made ahead of the Union Budget 2025 and aims to adjust salaries in line with current inflation rates. Changes Under …
On January 22, 2025, the Indian rupee traded at 86.58 against the U.S. dollar, reflecting a subdued performance influenced by global and domestic factors. The 1-month non-deliverable forward suggested the rupee would open slightly stronger at 86.50–86.52 per dollar, compared to its previous close of 86.5775. Asian Currencies Gain, but Rupee Struggles Most Asian currencies …
Maharashtra has reaffirmed its status as a leading investment destination at the Davos Summit 2025, signing MoUs worth ₹6.25 lakh crore. These investments span diverse sectors, including renewable energy, infrastructure, and manufacturing, with major contributions from the Tata Group and JSW Group. Tata Group Commits ₹30,000 Crore to Green Energy The Tata Group, a prominent …
