RBI panel suggests measures for internationalisation of rupee; inclusion of INR in IMF’s SDR
A Reserve Bank of India-appointed working group on Wednesday recommended various measures, including inclusion of the rupee in the Special
Read more
Industry News
Indians’ funds in Swiss banks down 11%
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by
Read more
World Bank approves $255.5-mn loan for better technical education in India
The World Bank has approved a USD 255.5 million loan for improving the quality of technical education in government-run institutions
Read more
GST collection rises 12% to over Rs. 1.61 lakh crore in June 2023
The gross Goods and Services Tax (GST) revenue collected in June 2023 was Rs. 1,61,497 crore, 12% higher than in
Read more
World Bank approves Rs. 12,600 crore for India’s clean energy transition
The World Bank said that it approved a $1.5 billion (around Rs. 12,600 crore) financing for scaling up renewable energy,
Read more
Credit card dues cross Rs. 2 lakh crore
At nearly 30%, credit card dues have grown twice as fast as overall bank loans in a year. For the
Read more
Consensus on development bank reform a gain at G20 meet: Govt
The government counted consensus around the need to reform multilateral development banks (MDBs) as one of the gains from the
Read more
Face authentification now in PM-Kisan moble app, a first for Govt schemes
IN A first for any central welfare scheme, the government rolled out a face authentification feature in the PM-Kisan app,
Read more
FDI flows into India rose 10% to $49 billion in 2022
Foreign Direct Investment (FDI) flows into India rose by 10% to $49 billion in 2022, making it the third largest
Read more
GSTN launches geocoding in all states and UTs
Amid concerns over fake registrations and fraudulent availment of input tax credit under the Goods and Services Tax (GST) regime,
Read more