The Reserve Bank of India (RBI) has been steadily augmenting its gold reserves since December 2017. In the financial year 2024-25, the central bank added 57.5 tonnes of gold, marking the second-largest annual purchase in the past 7 years. According to a report by The Economic Times, this move underscores the RBI’s continued focus on …
The Reserve Bank of India (RBI) has announced that the premature redemption for Sovereign Gold Bond (SGB) Scheme, Series I of 2020-21, will take place on April 28, 2025. In accordance with the Government of India Notification F. No. 4(4)-B(W&M)/2020, premature redemption is permitted after the completion of five years from the issue date, which …
On Monday, April 28, the Indian stock market witnessed significant gains with both Sensex and Nifty 50 climbing nearly 1% each. The Sensex surged by over 850 points, reaching 80,089 during the session, while Nifty 50 gained nearly 250 points, reclaiming the level of 24,283. As the market continued to rise, the BSE Midcap and …
Despite increasing global uncertainties and weakening international growth prospects, India is poised to record a robust 6.5% economic expansion this year. According to the Reserve Bank of India (RBI), this growth will secure India’s position as the fastest-growing major economy, even though it marks a slight moderation compared to recent years. Strong Domestic Demand Bolsters …
Since its launch in September 2018, the Pradhan Mantri Jan Arogya Yojana (PM-JAY) has significantly transformed healthcare access for millions of Indians. Offering free health cover of ₹5 lakh annually, the scheme has provided hospitalisation benefits worth over ₹1.29 lakh crore and continues to be a critical pillar in reducing healthcare-driven poverty in India. Widespread …
In a significant move towards technological self-reliance, the Indian government has selected Bengaluru-based start-up Sarvam to develop the nation’s first homegrown large language model (LLM). This decision comes at a time when global AI landscapes are being reshaped by developments like China’s DeepSeek model. Government Support and Strategic Plans Sarvam was chosen from among 67 …
On Monday, April 28, 2025, Benchmark indices BSE Sensex saw a strong recovery, making a decisive comeback from the previous session’s weakness. As of 12:25 PM, BSE Sensex was up 1.26% to 80,207.24 and touched the high of 80,088.89. All broader market indices were firmly in the green, indicating robust investor sentiment. On BSE Sensex, Reliance Industries, …
On Monday, April 28, 2025, the Indian benchmark index Nifty 50 opened at 24,070.25 and was at 24,240.15, up by 0.84%, as of 11:22 AM. As of the same time, it touched the day’s high so far at 24,283.00. Even Nifty Next 50, Nifty Bank, and Nifty Financial Services were in the green. 5 …
The Unified Pension Scheme (UPS) was launched on April 1, 2025, as an alternative to the existing market-linked National Pension System (NPS). Aimed primarily at central government employees, the scheme guarantees a defined pension amount post-retirement. However, despite the promise of stability, the initial response has been tepid. A Modest Start Triggers Government Concern Within …
Lately, there’s been growing confusion around the retirement age of government employees, sparking discussions across departments and media. In response to recent questions raised in Parliament, Union Minister Jitendra Singh clarified that there is no proposal to increase the retirement age it will remain 60 years. But what about doctors? Here’s when government doctors retire, …
