The RBI (Reserve Bank of India) in Mumbai received a bomb threat email on Friday, according to police reports. The email, written in Russian, threatened to blow up the bank. A case has been filed against an unknown individual, and an investigation is currently underway. Similar Threats in Delhi Schools In a separate incident, over …
The Securities and Exchange Board of India (SEBI) is working to lower the ₹4.5 trillion “float” held as collateral by brokers, custodians, and clearing corporations. Ananth Narayan, SEBI’s Whole-Time Member (WTM), stated that this initiative seeks to reduce risks and enhance transparency in the financial system. Focus on Same-Day Settlements (T+0) Narayan emphasised the move …
The year-on-year inflation rate based on the All India Consumer Price Index (CPI) for November 2024, compared to November 2023, stands at 5.48% (Provisional). The inflation rates for rural and urban areas are reported at 5.95% and 4.83%, respectively. Consumer Food Price Index (CFPI) Inflation For November 2024, the year-on-year inflation rate based on the …
India has achieved a significant milestone in its economic growth with gross foreign direct investment (FDI) inflows reaching a remarkable $1 trillion since April 2000. This accomplishment reflects the country’s rising appeal as a global investment hub. In the first half of the current fiscal year, FDI inflows surged by nearly 26%, reaching $42.1 billion, …
US inflation showed signs of accelerating for the 2nd consecutive month in November 2024, with a sharp increase in consumer prices. The Consumer Price Index (CPI) rose by 2.7% year-on-year, slightly up from 2.6% in October. This marked the steepest inflation increase in the last 7 months, driven primarily by rising food prices and other …
Sanjay Malhotra, the current Revenue Secretary, has been appointed as the new Governor of the Reserve Bank of India (RBI) by the central government. He will succeed Shaktikanta Das, whose tenure is set to conclude on December 10, 2024. Malhotra will assume office as the 26th governor of India’s central bank. Term and Transition Details …
On December 6, the Reserve Bank of India (RBI) revised its GDP growth forecast for FY 2025 to 6.6%, down from the earlier estimate of 7.2%. The central bank also lowered its growth projections for the 3rd and 4th quarters of FY 2025, estimating 6.8% for Q3 (previously 7.4%) and 7.2% for Q4 (previously 7.4%). …
India’s journey toward global trade leadership is a narrative of growth, innovation, and strategic excellence. Over the years, the country has made significant progress across diverse export sectors, leveraging advanced manufacturing, technology, and robust policy support to meet global demands. By enhancing its export portfolio and reinforcing its reputation as a reliable supplier, India is …
India’s coal industry has recorded a remarkable milestone in 2024, reflecting significant growth in production and dispatch from captive and commercial mines. This surge aligns with the government’s commitment to bolstering domestic energy capabilities, fostering economic self-reliance, and reducing dependency on imports. Record Coal Production: April to November 2024 Between April 1 and November 30, …
The Government of India and the Asian Development Bank (ADB) have signed a $50 million loan agreement to improve water security in Meghalaya. This initiative focuses on building climate-resilient water-harvesting systems, for better access to water, and reducing the vulnerability of communities to climate change. What’s in the Plan? The project will see the construction …
